The Beds in the 4- and 5-star Hotels in Bulgaria have Increased by 24% for the Period 2014-2017

An increasing share of tourists in Bulgaria are choosing accommodation places offering high quality services. In 2017, the overnight stays in 4 and 5 star hotels were more than 3.7 million, which is 32% more than in 2014. With such growth are also the overnight stays for this period and the revenues from them in 2017 are over BGN 919 million - nearly 49% growth compared to 2014.

Tourism Minister Nikolina Angelova said at the opening of the third international Hotel & Tourism investment forum, the tourism agency reported. She stressed that it is extremely important for the tourism administration to work in direct dialogue with industry organizations and major international tour operators, who are among the leading investors in the sector - such as Hyatt, Marriot, Review Pro, Avvio, Choice hotels, Louvre hotels, IDeaS a SAS Company, STR, etc., who participate in the forum.

Bulgaria is interesting not only with its nature and culture, but also as a place to do business, for which our legislation provides for a number of tax incentives and incentives for significant investments, Minister Angelkova said. She recalled the record industry results that are proof of sustainability. In 2017 Bulgaria is visited by nearly 8.9 million foreign tourists, which is more than its population and more than 7% growth compared to the record until 2016. We set a very good start in 2018 and we expect at least 5% growth of tourists compared to last year's records, she said.

Minister Angelko announced that beds in 4- and 5-star accommodation increased from 2014 to around 121,000 to about 150,000, which is about 24% growth. The luxury hotels in 2014 were 369 and in 2018 they were already 418. These are the places and beds that run out most quickly for bookings and are...