BULGARIAN ECONOMY
Revenue from foreigners at Bulgarian accommodation establishments in January down 79.4% y/y
Revenue from foreigners at accommodation establishments in Bulgaria in January 2021 was 79.4 per cent lower than in January 2020, the National Statistical Institute (NSI) said on March 11. Revenue from Bulgarians was down 28.6 per cent, the NSI said.
Overall, revenue of accommodation establishments in Bulgaria in January this year added up to 26 million BGN (about 13.3 million EUR), a drop of 57.3 per cent compared with January last year.
Against the background of the Covid-19 crisis, the number of accommodation establishments in Bulgaria that were open this January was close to 17 per cent lower than in January 2020.
The number of arrivals of foreigners at accommodation establishments was down by 80.8 per cent compared with January 2020, while the arrivals of Bulgarians dropped by 31.4 per cent.
The NSI said that occupancy in January 2021 was 15.9 per cent, a decrease of 14.2 percentage points compared with January 2020.
Occupancy was highest in four- and five-star establishments, at 21.4 per cent, followed by three-star establishments at 14.1 per cent and one- and two-star places, 11.8 per cent, according to the NSI.
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