AsiaOne – August 2018

JULY-AUGUST 2018 | ASIA ONE | 27

Montenegro

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The history of the present-day Montenegro began in the early Middle Ages, as

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declared independence on the basis of an independence referendum, creating

a civic, democratic, ecological state of social justice, based on the reign of Law

By His Excellency Darko Uskokoviü,

Ambassador of Montenegro in United Arab Emirates

“Montenegro is a safe, politically

stable & economically viable state

with the potential to grow rapidly”

other things, hotels with 4 and 5 stars
and a special type of accommodation,
such as the eco-lodge and ethno villages
are exempt from communal tax. Also
we introduced a reduced VAT rate of
7% on the accommodation services in
hotels and other tourist facilities, as
well as on the food and drinks services
in hotels with at least 4 stars in the
North region and at least 5 stars in the
Central and South Regions.
Only in the last year more than 30
new hotels opened, mostly of 4 and
5 stars. In the field of quality tourism
we recorded progress, as evidenced by
the fact that in Montenegro in 2007
it was 12% in the 4 and 5 stars hotel
capacities, but now their share in the
hotel offer is around 40%.
Quality improvement of
Montenegrin tourism shows foreign

investments such as Aman Resorts,

Regent. It is our pleasure that world-

renowned hotel chains Hilton and

Sheraton in 2016 opened their hotel

facilities in Montenegro too. In this

year we expect The Chedi to be opened

and soon One & Only.

Montenegro has proved to be a safe,

politically stable and economically

viable state with the potential to

grow rapidly. The planned amount of

contracted investments in tourism is

around 3 billion euros, which places

Montenegro in the third place in terms

of tourist investments per capita.

Our goal is to position ourselves

above all as a high quality tourist

destination with a variety of offers in

a small area.

Quality in all segments of the

offer is what we insist on. We are

distinguished by the offer that meets

different payment possibilities,

from affordable, quality private

accommodation and small hotels to

the luxury offer by the high category

hotels of world renowned brands, as

well as those luxury boutique hotels,

and high-quality nautical tourism.

Montenegro is rapidly becoming

an increasingly popular destination

among nautical enthusiasts. Sailing

and tourism that has been recognized

for a long time in the world as a

winning combination combining

tourism and profit, are also gaining

an earned position in Montenegro as

well.

Foreign investors invest in luxury

hotels and elite nautical marinas (Porto

Montenegro, Port of Kotor, Port of

Bar and Budva), which confirms the

fact that in Montenegro more and

more guests are ready for charter and

purchase of luxury mega yachts, with

values exceeding dozens of millions of

euros. Significant growth potential has

also been recorded in MICE, cruising,

health and wellness tourism.”