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Bulgaria's foreign tourism earnings rise

Date: 31.07.2007

Revenue from foreign tourists visiting Bulgaria increased by 16 per cent, or about five million euro, in the first five months of 2007.

The number of holidaymakers from European Union countries increased about 30 per cent, but as a whole the number of foreign tourists fell by 0.37 per cent.

According to Anelia Krushkova, chairperson of the State Agency of Tourism, an increase is expected during the summer months because of the popularity of this time of year.

The sharp rise in the number of hotels in recent years had caused unprecedented competition.
This negatively affected hotels outside major resort areas, leaving them often empty.

The shortage of holidaymakers could mean bankruptcy for hotel owners burdened with heavy debts.

Krushkova advised hotel owners to decrease prices not only for foreigners, but also for Bulgarians, to attract more clients.

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