Surge in New Hotels, Restaurants, and Tech Startups in Bulgaria
The economic landscape of the country is experiencing a dynamic shift as new hotels, restaurants, and technology startups emerge at an unprecedented rate
People from Germany, the UK, Greece, Italy and France were the most frequent foreign hotel visitors in Bulgaria's capital Sofia, according to Sofia City Hall's official data.
Most foreigners visited Sofia's hotels in September (over 76 000), October (over 75 000) and March (over 62 000).
Among Sofia's four and five-star hotels, Kempinski Zografski registered the higher total number of hotel nights in 2011 (86 005), followed by Dedeman Princess (72 435), Hilton (59 178), Sheraton Sofia Hotel Balkan (55 139) and Rodina (47 365).
Sheraton Sofia Hotel Balkan observed the highest bed utilization rate in 2011 (84%), followed by Hilton (67%).
Over the last four years, a steady growth has been registered in the number of nights spent in Sofia's four- and five-star hotels, reaching 64% of all Sofia hotel nights in 2011, while the one- to three-star hotels have seen a decrease for the same period.
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