Why Bulgaria is a Top Choice for New Businesses: Low Taxes and Qualified Labor
Bulgaria is emerging as a top destination for starting a new business, praised for its favorable conditions
In June, Bulgaria saw a notable increase in the total number of overnight stays in hotels and other accommodation, reaching 3.5 million, which marks a 5.9% rise from the previous year, according to the National Statistical Institute. The overall number of overnight stays grew by 6% year-on-year, while hotel occupancy rates also improved, climbing by 2 percentage points to an average of 38.8%.
Of the total overnight stays, 2.3 million were by foreign visitors, with the remaining 1.2 million by Bulgarians. Foreign visitors predominantly stayed in 4 and 5-star hotels, accounting for 77.4% of their total stays, a trend mirrored by 45.6% of the stays by Bulgarians. The data indicates that overnight stays by Bulgarians increased more significantly, rising by 8.3%, compared to a 3.8% increase for foreign guests.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
A total of 1.2 million foreign tourists visited Bulgaria's Southern Black Sea coast during this summer season
Vogue magazine has recently named Sofia as the most dynamic city in Europe, spotlighting the Bulgarian capital as an unexpected yet thrilling urban destination
According to data from the National Statistical Institute, food represents the largest share of expenses for Bulgarian tourists
Dr. Polina Karastoyanova, executive director of the National Board of Tourism, emphasized the critical need for the "Black Sea" highway
Sofia Municipality plans to raise the tourist tax starting next year, pending approval from the Sofia Municipal Council
Tourists in Bulgaria have been reported to frequently steal items from hotel rooms, ranging from towels and bed linens to televisions and artwork
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
Bulgaria Leads Europe in Heat-Related Deaths in Record-Breaking 2023