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ZAGREB (Croatia), September 28 (SeeNews) - Croatian hotel operator Valamar Riviera [ZSE:RIVP-R-A] said on Thursday it has concluded a deal with DER Touristik Deutschland GmbH for the provision of hospitality services at its properties in 2018 for an estimated 70 million kuna ($11.0 million/9.3 million euro).
With this business collaboration with DER Touristik, a prominent tour operator on the European source market, the company has secured part of the occupancy at its hotels in the 2018 main season and shoulder season, Valamar said in a filing to the Zagreb Stock Exchange.
Valamar concluded a similar deal with TUI UK earlier this week,
The Valamar group runs hotels, apartment villages and campsites in Istria and in Dubrovnik and on the Adriatic islands of Krk and Pag.
Tourism is a key industry for Croatia, accounting for around a fifth of the country's gross domestic product.
(1 euro=7.50029 kuna)