Bulgaria Tourism Report 2016 - Business Monitor International - Industry Reports

Bulgaria Tourism Report 2016

Bulgaria Tourism Report 2016 - Business Monitor International - Industry Reports
Bulgaria Tourism Report 2016
Published Nov 14, 2015
28 pages — Published Nov 14, 2015
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Abstract:

Total arrivals, --- (LHS) Total arrivals, ---, y-o-y (RHS) ---- ---- ---- ----f ----f ----f ----f ----f - -,--- --,--- --,--- - - - - - -- f = BMI forecast. Source: National sources, BMI The vast majority of arrivals to Bulgaria originate in neighbouring European countries. ...As such, it is unsurprising that Europe accounts for -.-mn visitors out of -.-mn total arrivals in ----. Economic growth in key markets such as the UK will help to ensure that arrivals from Europe increase throughout the forecast period to reach --.-mn in ----, negating the impact of declines in arrivals from some weaker states. Arrivals from other regions, including North America and the Middle East, will likely remain minimal over the forecast period, despite some growth. ...Arrivals from other regions, including North America and the Middle East, will likely remain minimal over the forecast period, despite some growth. Bulgaria will likely struggle to attract more visitors from Asia Pacific countries over the medium term due, in part, to a lack of direct flight routes but also due to limited awareness of the country s attractions outside of Europe.

...Bulgaria has a relatively large inbound tourism market, having attracted some -.-mn international visitors in ----. We expect to see solid growth in arrivals over ---- and ----, with visitor numbers increasing by -.- both years. This growth is primarily based upon the economic growth of major European source markets, which should help to offset other regional declines. One factor that will support growth is the expansion of international air travel connections with a number of charter and budget airlines increasing flights to and from the country over the course of the year. Throughout the remainder of the forecast period, we expect to see further steady growth in arrivals; we forecast an average annual expansion of -.- . ...Bulgaria is taking steps to expand its tourism market, investing in marketing campaigns including campaigns to encourage filmmakers to base projects in the country, something that can drive tourism growth. This is demonstrated by the success of New Zealand s Lord of the

...The tourism sector in Bulgaria has significant long-term growth potential. A stabilised national economy and falling government deficit provide positive indications for the future financial health of the country, which is becoming increasingly popular with European tourists as a low-cost destination for its summer Black Sea resorts and growing ski-season attractions. ...

  
Source:
Document ID
1747-8839
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Bulgaria Tourism Report 2016" Nov 14, 2015. Alacra Store. Dec 10, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Bulgaria-Tourism-Report-2016-2026-680>
  
APA:
Business Monitor International - Industry Reports. (2015). Bulgaria Tourism Report 2016 Nov 14, 2015. New York, NY: Alacra Store. Retrieved Dec 10, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Bulgaria-Tourism-Report-2016-2026-680>
  
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