Time to Check in to Bulgaria's Happening Hotel Sector
Despite concerns that EU member state Bulgaria is succumbing to the negative effects of the economic recession along with its other CEE neighbours, recent reports indicate an 8.4% increase in tourist revenue in 2008 (NSI Bulgaria), giving investors hope that the country's hotel sector could be a ticket out of the downturn for 2009.
There are now over 3200 hotels, hostels and lodgings across Bulgaria, offering a total of 130,000 rooms, which is a 7.3% growth compared to 2007 figures. Over 120 new hotels opened last year, the majority of which were located in cities such as the capital, Sofia and second city, Plovdiv and along the popular Black Sea coast in towns such as Bourgas and Varna.
