Kranevo has succeeded an ancient Roman stronghold, known as 'Ekrene' or the harbour 'Kraneia'. Traces of the Roman fortress, which was exploited during the Middle Ages as well, have been found on the southern plateaus above the village.

Relatively close to Kranevo is the famous Aladzha rock monastery. On the opposite direction are located the town of Balchik with its beautiful palace and Botanic Garden.

It is known as a resort for small kids, where they go for their vacation - many school camps you can find here. Also, this place would be suitable for those on a budget. Accommodation could be found amongst the big number of private rooms offered.Kranevo fascinates tourists with its whitewashed houses and red-tile roofs. Every house has a flower garden and a vine arbour where beaming hostesses welcome their guests and treat them to some chilled grape brandy. Home- made dishes are usually prepared with vegetables and fruits grown by the landlords.