Slovakia: Yet To Be Discovered

Slovakia experienced accelerated economic growth in the last years. This spurred an increase in average disposable income of 11%, driving household consumption and expenditure on leisure. Average purchasing power is still low at 51% of the EU average, according to Slovak Spectator, but higher in the more developed Bratislava region. The Slovak hotel industry is benefiting from the growing influx of foreign investment. Together with nearby Vienna, Bratislava is fast becoming a regional hub for passenger air services, with growing benefits for Slovakia’s tourism sector...