Tourism Industry News

After years of rapid growth Bulgarian tourism facing grim prospects

20/07/2009 10:59

BulgariaBulgarian hoteliers had become used to good earnings over the years of strong growth, but are facing grim prospects now as the economic crisis has forced worldwide belt-tightening.


Pressed by a dwindling number of visitors and stiff competition from its equally hard-pressed southern neighbour Turkey, Bulgaria finds its Black Sea hotels cutting prices virtually on a daily basis.


The price of a night's stay followed by breakfast in a seaside hotel plummeted to as low as less than 30 dollars just as the height of the season arrived in the second half of July.


While its low-cost accommodation was a spur for Bulgarian tourism's often double-digit growth rates, pickier (and wealthier) customers were also drawn by offers of golfing, archaeological tours and the latest fad, the wellness programme.


Get the full story at: eTurboNews




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