The tourism sector can boost investment in Albania

Blighted by over-enthusiastic tourism development, Europe's Mediterranean coast today has just one virgin territory left on it.

The secret of Albania's Adriatic coast is about to come out, but industry figures insist that the government needs to do more to encourage development - and also to make sure it's the right kind.

In early November, travel guide publisher Frommers followed Lonely Planet in nominating Albania as its top destination for 2012, extolling the country's unspoilt coast, mountain ranges, historical offerings (three Unesco sites), cuisine and hospitality, all of which come at rock bottom prices for Europe. This has encouraged excitement in the government that the tourism sector can boost investment, GDP and employment. 

It's no surprise to the state, which has raised spending on infrastructure dramatically over the last few years to create a backbone to develop the industry. Roads have led the way, with investment peaking at $1.2bn in 2008, compared with around eight times less in 2004. 

Aldo Bumci, minister of tourism and culture, points out that further investment has been made in upgrading and extending the utilities networks in regions with tourism potential, all of which helped boost visitor numbers by 20% in 2010, he says. 

The minister claims that the large role of the grey economy in the sector makes it difficult to put an exact figure on tourism's overall contribution to the country, estimating it at 10-15% of GDP currently. Many in the industry, such as Volker Muhle, head of Lufthansa for Albania, suggest it has the potential to constitute 30% of the economy within the next decade. They stress, however, that depends on a comprehensive strategy from the government, a component that Roger Cherubini, general manager for Sheraton Hotels & Resorts in Albania, agrees is missing. 

Të rejat e fundit

  • Albania completes 9.3 mln euro investment in water supply network upgrade

    TIRANA (Albania), March 22 (SeeNews) - The upgrade works of the water supply network in…

    11 Prill 2017Më shumë…
  • Albania Aims To Build on Boom in Tourism

    Albania earned a record 1.5 billion euros from tourism in 2016, well up from the figures…

    11 Prill 2017Më shumë…
  • Albania drafts new law on tourism to increase revenues

    TIRANA, July 20 (Xinhua) -- A draft law on tourism was scrutinized by the Albanian…

    22 Korrik 2015Më shumë…
  • Balkans tourism has potential for foreign investment

    TIRANA, May 29 (Xinhua) -- The Balkan region has high potential for foreign investment,…

    11 Qershor 2015Më shumë…
  • 20 destinations for 2015: Albania

    With long stretches by the Adriatic, a fascinating history, and only a few inquisitive…

    11 Qershor 2015Më shumë…
  • Albania invites Saudi tourists to enjoy its pristine beauty

    Albania has relaxed its visa procedures for Saudi tourists during the summer period, from…

    11 Qershor 2015Më shumë…
  • Albania approves 2015 budget targeting strong growth, deficit cuts

    (Reuters) - Albanian lawmakers backed a 2015 budget on Tuesday that projects economic…

    06 Dhjetor 2014Më shumë…

Guida e Pronave në Shqipëri

Për te marrë falas Guidën e Pronave në Shqipëri, ju lutem kompletoni detajet tuaja më poshtë për të shkarkuar menjëherë librin elektronik.

Shkarko Falas