Bulgarian Hotels Report Strong Revenue Growth Despite Fewer Overnight Stays

Bulgarian hotels experienced a significant revenue surge in April, climbing 12.3% year-on-year to 57.8 million euros. Bulgarians accounted for the larger share of this income, contributing 37.8 million euros, while foreign tourists brought in 20.0 million euros.

This notable increase in revenue comes at a time when the number of overnight stays has reportedly declined. The data, compiled by the National Statistical Institute, suggests that while fewer people may be staying at hotels, those who are are spending more, or that hotels have increased their prices.

The trend indicates a potential shift in the tourism market, where higher per-visitor spending is compensating for a lower volume of guests. Further analysis would be needed to determine the exact drivers behind this phenomenon, such as changes in tourist demographics, spending habits, or hotel pricing strategies.