Company profile
Valamar Riviera, a joint-stock company based in Poreč, Stancija Kaligari 1, and the leading Croatian hospitality company that manages hotels, resorts and camping resorts in famous tourist destinations - in Istria, on the islands of Krk, Rab and Hvar, in Makarska and Dubrovnik, and in Obertauern in Austria.
Valamar's 36 hotels and resorts and 15 camping resorts with a capacity of about 21 thousand accommodation units, can accommodate around 58,000 guests daily and provide perfect holidays and authentic experiences.
Valamar`s mission is to create holidays that are good for its guests, destinations, employees and the environment while aiming to create value for its shareholders and partners. In doing so, Valamar aspire to be the leading holiday provider on the Adriatic and in the Alps.
Steered by sustainability and social responsibility, Valamar leads the innovative management of leisure tourism and creates new value for guests, employees, shareholders and local communities in partnership with its destinations. One of the cornerstones of Valamar's success is its long-standing open communication with key stakeholders. Hence, Valamar has adopted policies that ensure the company's leadership position in the Croatian hospitality industry in terms of service quality, guest satisfaction, the needs and interests of employees, the company and local community, as well as environmental protection and resource management.
Valamar Riviera d.d. is proud of its management knowledge in tourism and has concluded long-term management contracts with several hospitality companies (Imperial Riviera, Helios Faros), where it also holds minority ownership positions. In 2024, Valamar's consolidated operating income amounted to EUR 420 million, and the number of total employees of the Group in the summer months almost reached 8,300 (of which 2,800 permanent). With EUR one billion invested in the last 20 years, Valamar is one of the leading Croatian and regional investors in tourism. In early 2024, Valamar initiated the development of the most transformative project in Croatian tourism - the Pical 5 Valamar Collection Hotel. Designed to set new benchmarks of quality and guest experience on the Adriatic, this flagship property is scheduled to open its doors in early 2026.
Reasons and objectives for stock exchange listing
Valamar Riviera d.d. shares were listed on the Official Market of the Zagreb Stock Exchange on December 17th, 2014. The achieved benefits for shareholders and the Company are manifold. Shareholders have been given the opportunity to market value their assets transparently with a significant improvement in liquidity and reduction of transaction costs. The shareholder structure itself is diversified and internationalized.
In addition to the positive impact on the Company's image, Valamar Riviera also gained a new possibility of financing, i.e. raising new capital through the Stock Exchange. The listing also enabled significant direct investments in the Company by pension funds - Valamar's yearlong recognizable strategic partners. The pension funds' entry into Valamar's and related companies' ownership structure has contributed to business growth and new significant investments in accommodation properties and innovative services.
In 2019, Valamar moved to the Prime Market segment, which further enhanced transparency levels and the adoption of the best corporate governance principles. The Company rewards management and employees with its own shares, which has an inviting effect on their motivation and the Company's results.
Valamar Riviera is a multi-award-winning share in several categories and is always at the very top of liquidity on the Zagreb Stock Exchange. The Company has over 20,000 shareholders, transparent and regular communication with the investment community and a stable dividend. At the end of August 2025, the market capitalization of the Company almost reached EUR 800 million.
Sustainability
Valamar's sustainability mission is to achieve decarbonization in the first and second scope by 2026 and to invest EUR 50 million in destinations and social impact. Valamar’s sustainability strategy is an integral part of its new sustainable development strategy and is built around six strategic initiatives aimed at achieving the set goals by 2026 and positioning Valamar as a leader in sustainability among European hospitality and tourism companies. The ESG strategy includes Valamar's entire value chain from suppliers, employees and operations to guests and destinations. Valamar is committed to sustainable use of natural resources and a positive impact on the destinations and society in which it operates. The strategy encompasses initiatives across three key areas: environment (decarbonization, energy efficiency, circular economy, biodiversity preservation); society (investments in local communities, tourism infrastructure, culture, sports, and employee empowerment); and governance (ethics, transparency, and compliance with ESG standards).
In the period from 2015 to 2024, Valamar reduced its carbon footprint by 72%. Valamar’s commitment to sustainable business has received global recognition, with the company being awarded the EcoVadis Gold Medal, placing it among the top 5% of their rated clients. This international recognition highlights Valamar’s strong commitment to sustainable development and green tourism.
Reducing greenhouse gas emissions is one of the 12 ESG goals defined by the ESG strategy. Valamar continuously reduce its carbon footprint by replacing fossil fuels with electricity from renewable sources, installing heat pumps and other energy efficiency measures. By building photovoltaic power plants on tourist facilities in cooperation with E.ON, it is covered 6% of Valamar's total electricity needs. For the third consecutive year, Valamar has measured its Scope 3 greenhouse gas emissionsand defined measures to achieve decarbonization in scopes 1 and 2 by 2026.
Valamar supports the local communities in which it operates with numerous humanitarian actions and donations, and invests in employees, products, destinations and the local community in a socially responsible and sustainable manner. Valamar is a member ofthe UN Global Compact, the world's largest initiative for sustainable development and corporate sustainability, which has more than 25,000 members in 167 countries and 70 local networks around the world.
Company web page
