Hoteliers and Restaurateurs in Bansko Voice Concerns Over Currency Shift
The tourism sector in Bansko is voicing significant concerns regarding payment procedures and revenue reporting as Bulgaria transitions from the lev to the euro
Bulgaria Hotels to Shed 200 000 Beds in 2010 over Dire Finances
- Tweet
Send to Kindle
Many Bulgarian hotels will be shut down to reduce the number of beds by 200 000, according to tourism expert. Photo by BGNES
The total number of beds in Bulgarian hotels is going to drop by about 20%, down to about 800 000.
This has been forecast by Rumen Draganov, head of the Bulgarian Center for Analysis and Estimates in Tourism.
Draganov says that some 200 000 beds out of the currently existing 1 million will be lost because of the dire financial situation of many hotel owners.
In his words, 700 hotels are currently on sale, and the a number of owners prefer to keep the hotels closed in order to save money instead of risk incurring losses.
The reduction of the number of hotel beds, however, is said to increase the number of clients for the surviving hotels.
In 2010, the Bulgarian government is set to come up with a new Tourism Act and to adopt a new redistribution of tourist regions around the country.
The program of the Ministry of Economy, Energy, and Tourism provides for the adopting of five programs for the development of specialized types of tourism services by 2012.
Related Articles:
Over 90% of Bulgarian Hotels Struggle to Find Staff
More than 90% of hoteliers in Bulgaria report difficulties in recruiting employees, with roles such as cooks, maids, and waiters being the most sought after
Greeks Flock to Bulgaria for Weekend Trips and Holiday Getaways
Greeks are once again turning to Bulgaria for weekend getaways and short vacations
Tourism to Contribute 8.4% to Bulgaria’s GDP in 2025, Ministry Reports
Tourism is projected to generate 8.4 percent of Bulgaria’s gross domestic product in 2025
Bulgarians Set for 12-Day Holiday: Tourism Forecasts 720,000 Travelers
The Ministry of Finance’s proposal to declare December 31 and January 2 as non-working days is expected to stimulate tourism and travel in Bulgaria over the holiday period
Society | October 13, 2025, Monday // 14:07
China's Visa-Free Policy Fuels Surge in Number of Greek Tourists
China's visa-free entry for Greek citizens has triggered a sharp rise in inbound tourism, with arrivals surging during the National Day holiday and cultural authorities rolling out Silk Road-themed itineraries to meet the growing demand
World | October 8, 2025, Wednesday // 11:31
Bulgaria Ranks in Europe’s Top Three for Budget-Friendly Ski Resorts
New research shows that the cost of ski holidays across Europe has climbed by almost 35% above the inflation rate since 2015
Bulgaria’s Tourism Sector: We're Not Ready for Euro Adoption on New Year’s!
The chairman of the Union of Tourist Businesses, Malin Bystrin, has expressed serious concerns over Bulgaria’s readiness to adopt the euro starting January 1
Hoteliers and Restaurateurs in Bansko Voice Concerns Over Currency Shift
The tourism sector in Bansko is voicing significant concerns regarding payment procedures and revenue reporting as Bulgaria transitions from the lev to the euro
Sofia Gains Direct Flights to Turin and Marrakech This Winter
Wizz Air today begins operating direct flights from Sofia to two new destinations: Turin, Italy, and Marrakech, Morocco, as part of its winter schedule
Fly Further for Less: Sofia Airport Adds Three New European Destinations
Vasil Levski Airport in Sofia, Bulgaria, has announced the addition of several new international routes, expanding its network to include flights to Chisinau, Krakow and Prague
Over 90% of Bulgarian Hotels Struggle to Find Staff
More than 90% of hoteliers in Bulgaria report difficulties in recruiting employees, with roles such as cooks, maids, and waiters being the most sought after
