Albania Tourism Analytics

Tourism statistics relevant for vacation rental investments

Tourist Arrivals

3,012,784

Annual number of tourist arrivals

Tourism Revenues

No data

Annual tourism revenue

Tourist Arrivals

Annual number of tourist arrivals

Additional Insights

Expert analysis of Albania Tourism trends and investment implications

Market Overview

Albania’s tourism sector, with 3,012,784 tourist arrivals, presents promising opportunities for short-term rental (STR) investments, particularly in coastal and historical regions. However, investors must navigate the seasonality and regulatory environment to ensure stable returns.

Key Findings

Data-driven insights

•Albania received 3,012,784 tourist arrivals, indicating a substantial market for STRs.
•Tourism in Albania is highly seasonal, with peak tourist visits from June to September.
•Tourist arrivals have grown significantly, averaging an annual growth rate of 10% over the past decade.
•Tourism contributes approximately 21% to Albania’s GDP, signaling economic reliance and potential vulnerability.

Market Trends

Historical patterns

•A consistent increase in tourist arrivals from under 1 million in the early 2000s to over 3 million in 2023.
•A shift towards year-round tourism is slowly emerging, driven by cultural and historical tourism.
•Increased governmental focus on improving infrastructure and tourism services since 2015.

For Investors

Actionable takeaways

•Invest in STRs primarily in coastal areas like Saranda and historic cities like Berat for high seasonal demand.
•Plan for significant occupancy fluctuations with strategies to attract off-season tourists, such as discounts or targeting niche markets.
•Consider long-term rentals in major cities like Tirana for more stable income, especially during off-peak seasons.
•Stay informed of local regulations affecting STRs, as policy changes could impact profitability.

Market Context

Albania's tourism industry has rapidly evolved into a vital economic pillar, with a focus on coastal and cultural tourism. This growth, while promising for STR investments, requires careful analysis of market dynamics and regulatory frameworks.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.