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Bulgaria's Hotel Revenues Up 15% in H1 2012

Monday, Aug 13, 2012

Bulgaria's income from hotel stays increased by 14.5% in the first half of 2012 year-on-year, the National Statistical Institute announced Friday.

Thus, in the first six months of 2012 the total income from hotel stays in Bulgaria amounted to BGN 275 M, the Institute estimates. The increase in hotel revenue in Bulgaria from foreign tourists is estimated at 19.6%, while the revenue from Bulgarian tourists is up by 11.2%.

The total number of hotel stays in Bulgarian hotels in the first half of the year is also up – by 7%, reaching a total of 6.5 million hotel stays.

In June alone, Bulgarian hotels registered revenues totaling BGN 115.5 M, of those BGN 92.6 M being income from foreign tourists; in June alone, there were a total of 3.1 million hotel stays in Bulgaria, of those 2.4 million belonged to foreign tourists.

More than half of the foreigners staying in Bulgaria in the first half of the year chose four- and five-star hotels, the statistical data indicates; the same goes only for about a quarter of the Bulgarian tourists.

The average occupancy rate of Bulgarian hotels in June 2012 was 46%, with four- and five-star hotels having an occupancy rate of 60%.

In June 2012, Bulgaria had a total of 2 300 accommodation venues with a total of 242 100 beds.

Source: novinite.com