Bulgaria's Black Sea Resorts to Attract Tourists by Lowering Prices

Business » TOURISM | May 22, 2014, Thursday // 11:48| Views: | Comments: 0
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Bulgaria: Bulgaria's Black Sea Resorts to Attract Tourists by Lowering Prices File photo.

Accommodation prices in Bulgaria's Black Sea resorts will post a decline of 20-30% this summer due to the expected Russian and Ukrainian market stagnation.

Prices will drop more in the south - by 30%, while on the northern Bulgarian Black Sea coast they will decline by 20%, Ilko Zapryanov, Director of Sales at Sv.Sv. Konstantin i Elena holding AD told Standart news.

According to him, during the summer peak season the prices of all inclusive vacation packages will not exceed EUR 50 per person in a 4-star hotel.

Local businesses hope to keep the number of guests by offering attractive prices. The Ukrainian hryvnia has recorded a 100% devaluation since the beginning of 2014 and the Russian ruble has devalued by 25-30% thus holiday costs for those tourists have increased significantly.

The hotel owners have pinned their hopes for a strong season on the Bulgarian and Western European tourists, as well as on Bulgaria's Northern neighbors from Romania. In the summer of 2013, the number of Romanian tourists has increased by 34%, of Russians – by 11%, and of Ukrainians – by 5%, Standart informs.

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Tags: Black Sea, tourists, Ukraine, Russia, all inclusive, hotel owners
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