BULGARIAN ECONOMY
Bulgarian accommodation establishments’ revenue dropped 39% y/y in October 2020
In October 2020, during the continuing epidemic situation, 1 777 accommodation establishments - hotels, motels, camping sites, mountain chalets and other establishments for short-term accommodation with more than 10 bed-places were functioning in the country, the National Statistical Institute (NSI) said on 10 December. The total number of the rooms in them was 54.2 thousand and the bed-places were 110.4 thousand. In comparison with October 2019, the total number of accommodation establishments (functioned during the period) decreased by 9.3%, and the bed-places in them - by 22.6%.
The total number of the nights spent in all accommodation establishments registered in October 2020 was 625.5 thousand, or by 31.3% less in comparison with the same month of the previous year.
The total revenues from nights spent in October 2020 reached BGN 31.7 million or by 39.0% less compared to October 2019.
Revenue from foreigners fell by 61.2 per cent on an annual basis while the decrease in revenue from Bulgarians was 14.6 per cent.
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