What VIS DD does

VIS DD (legal name: VIS dioničko društvo za hotelijerstvo, ugostiteljstvo i turizam) is a Croatian publicly listed joint-stock company that operates two two-star hotels on Vis island: Hotel Issa (128 rooms on the Prirovo peninsula with sea or park views) and Hotel Tamaris (20 double rooms plus 2 family suites in a century-old waterfront building in the town of Vis). The combined portfolio totals approximately 148 accommodation units, supported by on-site dining (buffet breakfast and dinner), à la carte restaurant, lobby/caffe bars, meeting facilities, and seasonal amenities such as mini golf. Hotel Issa operates seasonally from April to October, while Hotel Tamaris operates year-round.

The business model is a traditional accommodation and hospitality operation. Revenue is generated through per-person-per-day bed-and-breakfast and half-board packages, with seasonal pricing tiers differentiating park view and sea view rooms. Pricing is set in euros (€45–€140 per person per day depending on room type, view, and meal plan), with VAT included and tourist tax added separately. The company sells exclusively through direct channels: its multilingual website (vis-hoteli.hr), phone, and email reservations. There is no disclosed channel partner or OTA distribution arrangement.

The company is headquartered at Šetalište Apolonija Zanelle 5, Vis, Croatia, and is listed on the Zagreb Stock Exchange under ticker VIS-R-A with 6,061,916 shares outstanding. VIS DD entered bankruptcy proceedings in 2019 (stečaj) and emerged through restructuring, with the IPO taking place in 2020. Edo Bogdanović has served as the sole member of the Management Board since December 2020, and a four-member Supervisory Board provides governance oversight. The company is independent, with no parent or subsidiaries, and has 1–10 disclosed employees. Technology infrastructure is limited to a WordPress-based website with multilingual CMS; no AI, proprietary platform, or digital product strategy is evidenced.

Name

VIS DD

Legal name

VIS dioničko društvo za hotelijerstvo, ugostiteljstvo i turizam

Website

https://vis-hoteli.hr

Company type

Public

Operating status

Operating

Headcount range

1–10 employees

Short description

VIS DD is a publicly listed Croatian hospitality company operating two two-star hotels, Hotel Issa and Hotel Tamaris, on Vis island, serving individual leisure travelers seeking authentic Mediterranean island experiences through direct booking channels.

Ownership category

akta.pro rank

Product category

Hotel Accommodation Services

NAICS

Hotels (except Casino Hotels) and Motels (72111), Traveler Accommodation (7211)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Hotels & Motels (7011)

akta.pro primary industry

Resort-Area Full-Service Hotels (Non–All-Inclusive) (THAGAAAD)

akta.pro secondary industries

Urban & Downtown Full-Service Hotels (THAGAAAA), Value Inn / No-Frills Hotels (THAGABAL)

Keywords

• Hotel accommodation
• Hospitality services
• Leisure tourism
• Mediterranean resorts
• Island tourism

Headquarters

HQ city

Hrvatini

HQ country

Croatia

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Hotel Accommodation Services: Revenue from hotel room rentals at Hotel Issa (128 rooms) and Hotel Tamaris (22 rooms including family suites). Revenue generated through bed and breakfast and half-board packages.

Pricing tiers

Distribution channels2 records

Marketing channels2 records

Core offering

VIS DD operates two two-star hotels on the island of Vis, Croatia — Hotel Issa (128 double rooms on the Prirovo peninsula with sea/park views) and Hotel Tamaris (20 double rooms plus 2 family suites on the Vis town waterfront). The company sells nightly room stays bundled with bed & breakfast or half-board meal packages, supplemented by on-site restaurants, lobby bars, and a meeting room for up to 50 people at Hotel Issa.

Product overview

VIS DD operates as a joint-stock company for hospitality, catering, and tourism, managing two distinct two-star hotels on the island of Vis in Croatia. The company offers a complementary portfolio: Hotel Issa provides a secluded retreat with nature-focused amenities on the Prirovo peninsula (128 rooms with sea or park views), while Hotel Tamaris delivers an urban waterfront experience in the town center (20 double rooms plus 2 family suites). Both properties feature on-site dining (buffet breakfast/dinner and à la carte options), lobby bars, and event facilities, with the combined offering targeting leisure travelers seeking authentic Mediterranean island experiences.

Differentiator

Problem solved

Functional benefit

Products and services

• Hotel Issa A two-star hotel located on the Prirovo peninsula, approximately a 10-minute walk from the city center and ferry port, offering 128 comfortable double rooms with sea or park views. Each room includes a balcony, satellite TV, telephone, shower/toilet, and hairdryer, with most rooms air-conditioned. Facilities include a hotel restaurant with breakfast and dinner buffets (including vegetarian options), a lobby bar, a meeting room for up to 50 people, free WiFi in common areas, free parking, a safe-deposit box at reception, and mini golf. The hotel operates seasonally (April 13 to October 31, 2026).
• Hotel Tamaris

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• JadrolinijacoreStrategic or Co-development PartnerJadrolinija is the primary ferry operator connecting Vis island to mainland Croatia. The company operates year-round ferry service from Split (2h 20min crossing) and catamaran service via Milna (Brač) and Hvar. Jadrolinija ticket sales points are available both in Split and on Vis island. This partnership is essential as accessing Vis island requires ferry transport.
• Split AirportminorStrategic or Co-development PartnerSplit Airport serves as the primary air gateway for Vis island visitors. Located at Kaštelanska cesta 96, Split. Contact: +385 21 203-555. Visitors then take Jadrolinija ferry from Split to reach Vis.
• Split Bus StationminorStrategic or Co-development PartnerSplit Bus Station (Autobusni kolodvor Split) at Obala kneza Domagoja 12 serves as land transportation hub. Visitors take bus to Split, then ferry to Vis. Contact: +385 21 329-180.
• Split Train StationminorStrategic or Co-development PartnerSplit Train Station at Zlodrina poljana 20 provides railway access. Visitors connect to Jadrolinija ferry for Vis. Contact: +385 60 333-444.

Scale indicators3 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Ilirija d.d. Biograd na Moru-based Croatian hotel and tourism company (ILRA) operating hotels, marinas, and camps. Highly comparable as a small-market-cap Croatian hospitality company serving seasonal leisure tourism.
• Maistra d.d. Istrian hotel company (Rovinj) operating multiple resort properties under brands including Monte Mulini, Eden, and Lone. Comparable as a Croatian resort hotel operator with similar Mediterranean destination positioning.
• Aminess Hotels & Resorts: Istria and Kvarner-based Croatian hotel and camping chain operating multiple resorts, hotels, and camps. Comparable as a regional Croatian hospitality operator with seasonal Mediterranean leisure guests.
• Plava Laguna d.d. Istrian hospitality company (Poreč) operating hotels, apartments, and camps. Listed on Zagreb Stock Exchange and directly comparable as a regional Croatian hospitality operator with seasonal Mediterranean leisure demand exposure.
• Valamar Riviera d.d. Croatia's largest hotel company, listed on Zagreb Stock Exchange (RLVC) and operator of 30+ hotels and resorts across Croatia's coast and islands. Directly comparable as the largest publicly-traded Croatian hospitality operator serving similar leisure and resort demand.
• Jadran d.d. Crikvenica-based Croatian hotel company (JADR) operating coastal hotels on Kvarner Bay. Comparable as a small-cap Croatian coastal hotel operator with similar Adriatic leisure demand.
• Liburnia Riviera Hoteli d.d. Opatija-based Croatian hotel company listed on Zagreb Stock Exchange (LRH) operating multiple coastal hotels. Comparable as a small-cap Croatian hospitality peer with similar Adriatic coastal/island character.
• Sunce Koncern d.d. Split-based tourism and hospitality company (SUKC) operating hotels across Dalmatia. Comparable as another small-cap Dalmatian hotel operator listed on Zagreb Stock Exchange.

Broad incumbents

• Iberostar Hotels & Resorts: Major global resort hotel operator with Mediterranean coastal properties. Comparable as a broad Mediterranean resort operator serving similar leisure travelers, though at much larger scale and broader geographic spread.
• Meliá Hotels International: Global Spanish hotel operator with Mediterranean resort portfolio. Comparable as a Mediterranean resort player operating in similar seasonal leisure destinations, though at significantly larger scale and broader geographic footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks7 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VIS DD