Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase
The real estate market in Bulgaria continues to show strong growth as housing prices in major cities rise in early 2025
Tourism in Bulgaria experienced a notable loss in its workforce during the peak summer season. Official figures from the National Statistical Institute (NSI) show that the sector shed 11.5% of its employees, while the overall economy saw a smaller decrease of 1% compared to the previous quarter. This decline in tourism employment occurred despite the sector being one of the fastest-growing in terms of salary increases, with the average gross wage rising by 18.2% year-on-year to BGN 1,495, the lowest average among industries.
Despite the workforce reduction, tourism's financial performance showed positive signs. In September, revenue from overnight stays grew by 14.8% year-on-year, reaching BGN 249.7 million. Of this, foreign tourists contributed BGN 157.1 million. When compared to pre-pandemic September 2019, however, revenues from foreign tourists were slightly lower, as they totaled BGN 166.7 million, with inflation having increased in the meantime.
The occupancy rate of hotel beds also rose, reaching 34.1% in September, an increase of 2.4 percentage points from the previous year. Luxury hotels, particularly 4- and 5-star accommodations, saw the highest occupancy at 44.9%, catering mostly to foreign visitors. The total number of overnight stays grew by 1.4%, driven by a 2.6% increase in foreign guest stays, while stays by Bulgarians rose by 0.4%.
As the summer season approaches, preparations on Bulgaria’s Southern Black Sea Coast are in full swing
Bulgaria has launched a significant international advertising campaign aimed at promoting the country as a premier destination for congress, culinary, and wine tourism
"Vasil Levski" Sofia Airport has earned the prestigious title of "Best Airport in Europe with 5 to 15 million passengers" for 2024
Bulgaria Air offers an exciting way to explore Italy’s iconic cities, Rome and Milan, with direct flights now available, making it easier than ever to visit the cultural heart of Europe
Wizz Air is set to introduce a cashless payment system for all onboard purchases
The shortage of workers for Bulgaria's seaside hospitality sector continues to grow
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability