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Bulgarian Hotels Record 11% Revenue Growth in Feb 2014

Monday, Apr 14, 2014

Total revenues of Bulgarian hotels reached BGN 33.9M in Feb 2014, or by 11.1% more compared to February 2013, according to data released by the National Statistical Institute.

An increase was registered both in the revenues from Bulgarians – by 16.4%, and from foreign visitors - by 6.2%.

The total number of the nights spent in all accommodation establishments registered in February 2014 was 735.9 thousands or by 10.3% more in comparison with the same month of the previous year, as the greatest increase by 17.7% was observed in 4 and 5 stars accommodation establishments.

In February 2014, 1 893 accommodation establishments - hotels, motels, camping sites, mountain chalets and other establishments for short-term accommodation with more than 10 bed places were functioning in the country.

The total number of the rooms in them was 54.6 thousands and the bed - places were 108.8 thousands. In comparison with February 2013 the total number of accommodation establishments increased by 3.2% and the bed-places in them - by 3.8%.

In February 2014, 70.3% of all nights spent by foreign citizens were realized in 4 and 5 stars hotels and 33.9% of all nights spent by Bulgarians. In 3 stars accommodation establishments were spent 31.3% of all nights by Bulgarian residents and 19.9% - of all nights by foreigners, while in the rest of accommodation establishments (with 1 and 2 stars) they were 34.8% and 9.8% respectively.

In February 2014, the arrivals in all accommodation establishments increased by 7.7% compared to the same month of 2013 and reached 300.4 thousands. Bulgarian guests were 68.6% of all arrivals as the majority part (65.0%) of them stayed at 1, 2 or 3 stars hotels and spent 2.1 nights on the average. The arrivals of foreigners were 94.5 thousands as 72.0% of them spent nights in 4 and 5 star hotels.

In February 2014, the total occupancy of the bed-places in accommodation establishments was 24.6% and the highest it was in 4 and 5 stars accommodation establishments - 36.6%, followed by these with 3 stars - 22.8%, and with 1 and 2 stars – 15.6%. In comparison with the same month of the previous year the occupancy of the bed-places increased by 1.2% as the greatest increase was registered in the accommodation establishments with 4 and 5 stars - by 1.9%.

Source: www.novinite.com