Bulgaria's Fading Appeal to Investors: IT Sector Grapples with Challenges
The IT industry in Bulgaria is set to end 2024 without any growth in employment numbers and with decreasing revenue growth
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.
Over 100,000 Bulgarians are expected to travel abroad during the upcoming holiday season
Bulgaria Air has announced the resumption of its flights to and from Tel Aviv starting December 26, 2024
Bulgaria is expecting a boost in winter tourism this year, with about 3.1 million foreign visitors projected between December and March
Bulgaria is expecting a 5% increase in tourist arrivals this winter season, according to acting Minister of Tourism Evtim Miloshev
Tourist interest in Christmas and New Year holiday packages is exceptionally high this year
The heavy snowfall in recent days has created ideal conditions for an early start to the winter season in Bansko
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