The Supervisory Board of the largest Croatian tourist company Valamar Riviere has approved the next investment cycle, which will bring the total investment in Valamar’s destinations to HRK 793 million in 2019.Investment projects in 2019 are focused on repositioning the portfolio according to high value-added offers and services. Valamar Riviera will thus complete the three-year investment cycle worth more than HRK 2 billion, which was envisaged within Valamar’s business growth and development strategy until 2020. “The successful growth of Valamar’s business is the result of an investment strategy in raising the quality of products, employees and destinations in a responsible and sustainable manner, taking care of the interests of all stakeholders involved. In the coming period, Valamar will define goals and strategic initiatives until 2022, with an emphasis on further investments in the development of the tourism portfolio, destinations and employees “, said Željko Kukurin, President of the Management Board of Valamar Riviera.One of the biggest investments in 2019 is the investment in Camp Istra, which will become the first large 5 * camp in Croatia next season, the opening of the luxury family hotel Valamar Collection Marea Suites 5 * in Poreč and the development of many other additional facilities and service concepts in other camps, hotels and resorts of Valamar. The plan is to continue significant investments in accommodation for seasonal employees in accordance with Valamar’s strategic goals. An intensive investment cycle is planned for next year on the island of Rab in the total value of 140 million kuna, and includes investment in Valamar Carolina Hotel & Villas 4 * in partnership with TUI Sensimar brand, development of family facilities and services in Hotel Valamar Padova 4 * and investment to Camp Padova, which will earn 4 * and the prestigious Premium Camping Resort brand label Camping Adriatic by Valamar. In the Makarska hotels that Valamar took over this year, in 2019 it is planned to invest in the quality and contents of the Meteor hotel, which will operate under the Valamar Hotels & Resorts brand next season.Valamar continuously confirms its leading position through business growth and investment in Croatian tourismTotal investments reached HRK 5 billion, of which HRK 4,3 billion in raising the quality of hotels, resorts and camping resorts, and HRK 700 million in acquisitions and expansion. In the past three years, Valamar has created as many as 2300 new jobs, significantly increased salaries and improved working conditions.Also, this year the process of taking over the company Hoteli Makarska dd in Croatia and the first Valamar hotel in Austria was successfully finalized.