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    Finance of Slovak tourism

    Lubomir Spisak    L.M.: Sep 05, 2016

    Promotion of Slovakia can be endangered in the next year. According to the draft state budget for year 2017 the organizations of tourism will get the smaller amount than this year. Tourists visit Slovakia more and more but success also depends on the way how Slovakia will be presented abroad. Ministry of Traposrt, which include tourism, believes that the Finance Ministry will change tha draft budget and more money will come to this budget.

    While this year is for development of tourism destined 11.2 million euros in the next year it will be only 7.5 million euros. Most of this amount is designed precisely for the subsidy to provincial and regional tourism organizations. It can lead to a decline in tourism in Slovakia. The need to finance tourism from national sources show tangible results from last year. Slovak mountains, castles and water parks attracted a total of 4.3 million visitors, who managed to overcome the historically most successful year 2013.

    Hoteliers benefited from record attendance, too. As income finance from inbound tourism humble first two billion threshold.

    Circumstances so far inform that the situation of the successful last year will repeat this year. From the beginning of the year 2016 the country under the Tatras visited 1.8 million tourists. It representing a year-on-year jump of 20.8 percent. Up to 1.1 million of them was Slovak clientele who prefered holiday in their homeland. The further development of this season depends on weather, too.

    Tourism in Slovakia regions pulls forward also generous support from the state. Government grant consists of the total budget of tourism organizations about a third and in some cases only a half.

    Presentation of Slovakia in the world providing in particular Slovak Tourist Board(STB). 2015, it was the last year when STB could draw resources from EU funds. From this year the agency is reliant solely on the state budget. This year STB has provided more than 40 million euros. STB implementation of marketing activities based on the approved marketing strategy for the years 2014-2020.

    In addition to customers from neighboring countries (B4) agecy plans to make out mark in countries with high market potential such as Germany, UK and Russia.


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