The Balkan countries have undergone a substantial period of progress since the late 1990s, as governments embraced capitalism, leading to lower unemployment and wage increases. For the time being, owing chiefly to the global financial crisis, the outlook for the Balkans’ outbound sector looks fairly weak. With the region facing rising recessionary pressures for at least the next three years, demand for outbound travel is set to see a considerable slowdown.
The Balkan countries have undergone a substantial period of progress since the late 1990s, as governments embraced capitalism, leading to lower unemployment and wage increases. For the time being, owing chiefly to the global financial crisis, the outlook for the Balkans’ outbound sector looks fairly weak. With the region facing rising recessionary pressures for at least the next three years, demand for outbound travel is set to see a considerable slowdown.
Country Reports are tourism profiles of destination countries.
This report is produced by one of a global network of industry analysts, who provide market-based information as well as detailed, insightful and localised interpretation of the facts and figures.
Australasia encompasses Australia, New Zealand, Papua New Guinea and a range of South Pacific islands including the archipelago of Fiji and the numerous Cook Islands. Outbound tourism from this region is led by Australia and New Zealand, the most economically advanced nations, which between them represent three quarters of Australasia’s population. In these two countries, overseas travel has become
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