Sat, May 26 2012

LESS REVENUE DESPITE INCREASED TOURISM IN BULGARIA

Wed, Jul 25 2007 11:59 CET

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The volume of tourists traveling to Bulgaria this year is expected to increase from 2006 figures, but revenue is expected to diminish.
 
The decrease in revenue may cause a crisis in the tourism sector, said chairman of the National Tourism Board (NTB), Georgi Gergov. According to him, the decrease can be attributed to chaos in the tourism sector, a lack of control and uneven allocation of funds, according to Pari Daily.

The bulk of investments are made in coastal resorts, where supply exceeds demand, causing a reduction in prices and revenue. The average price per room at the seaside has dropped from 26.4 euro in 2001 to 11.6 euro in 2006 and 10.8 euro in 2007.

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