Poreč, February 26, 2021 – According to the annual financial report, Valamar Riviera generated 2.3 million overnights and total consolidated revenues of HRK 697 million (i.e. 31% of 2019 revenues) with an operating profit of HRK 126 million in 2020.

Valamar has actively managed the impact of the crisis in 2020 with the goal of achieving long-term business stability and support from key stakeholders. Valamar has maintained employment and secured all jobs under the "Pause, Restart" program, supported by Government measures and social partners. The program remains in force through 2021. Despite the crisis, Valamar Riviera has climbed up to the 6th place on the TOP 10 list of employers in Croatia according to the MojPosao portal survey and has won Croatia’s Corporate Social Responsibility Index top annual award.

Last year, Valamar opened 24 hotels and resorts and all 15 camping resorts employing more than 4.400 people. Nearly 300,000 guests stayed in Valamar properties in 2020. Not a single case of corona virus transmission was recorded in Valamar properties, confirming exceptionally high guest safety levels in all properties.

In preparation for season opening Valamar Riviera began recruiting for open job positions, expecting tourism to begin recovery in 2021. Valamar continues to guarantee a minimum net pay of HRK 5,000, and continues with year-round employment programs for permanent seasonal workers in 2021. Given the planned opening of most Valamar hotels, resorts and camping resorts by mid-May, seasonal employees at Valamar can expect between 3 and 6 months of work in the 2021 season.

In 2021, Croatia has the opportunity to strengthen its position as a safe and desirable Mediterranean destination. Croatia may achieve a stronger recovery and faster return of guests in 2021, if Covid-19 continues to subside, borders open and restrictions on movement are lifted, especially within EU member states. Croatian tourism also has the opportunity to launch significant public and private investments utilizing European funds with the aim of accelerating recovery and increasing competitiveness in the future.