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Croatian restaurants revenue down almost 60 percent due to Covid-19 pandemic

Written by  Jul 22, 2020

The effect of the Covid-19 pandemic is possibly best shown with the number of invoices issued by businesses up and down the country during the crisis. Clearly the tourism and travel industry is on the front line in the battle for revenue with tourism numbers seriously down on 2019. But the knock-on effect across the country shouldn’t be ignored. From coffees in street cafes, bottles of local wine, seafood, transport, banking and real estate just about every branch has been badly hit due to the lack of tourists.

 

 

From the 24th of February to the 19th of July the number of invoices issued in Croatia was down by 30 percent when compared to the same time period from last year. An invoice could be a multi-million Euro deal between two companies or a 10 Kuna bill for a cup of coffee. But a drop of 30 percent clearly shows the negatives effects the Covid-19 pandemic is having. Of course there is a corresponding drop in the value of invoices issued, this time by 19 percent, according to data from the Croatian Tax Administration.

Restaurants in Croatia have been particularly hit by the Covid-19 crisis with a massive 48 percent decrease in the number of bills issued in the mentioned period, and a huge decrease in value of those invoices by a whopping 57 percent. It is hardly surprising that many restaurants have laid off staff, cut costs or closed down altogether.

Likewise, the accommodation sector has been hit with a 30 percent decrease in the number of invoices issued in the mentioned.

The Voice of Dubrovnik

THE VOICE OF DUBROVNIK


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