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August 4, 2017 www.intellinews.com I Page 9
Turnover at Romanian seaside resorts doubles in five years
bne IntelliNews
Turnover in Romanian seaside tourism is ex- pected to exceed RON1.5bn (€328.9mn) this year, doubling in the last five years, analysis by Keysfin showed on August 2.
The Romanian tourism sector has benefitted from the population’s increased disposable income following wage hikes and tax cuts. At the same time, the number of foreign visitors has also increased, most of them coming to the Southeast European country for business reasons.
"According to employers' estimates, the num- ber of tourists in 2017 could exceed 1.5mn since most accommodation units reported this a fully booked season. Increasing population disposa- ble income, higher standards of living, improved payment facilities, all these conditions are met
so that 2017 would most probably be the best year in the last decade for Romanian tourism," Keysfin analysts said.
The number of Hotel/Restaurant/Café com- panies will reach a new peak based on major investment interest in this area, Keysfin said.
According to the study, there were almost 900 accommodation units, of which 335 hotels, 243 villas, 164 bungalows, 31 bed and breakfast and 56 hostels on the Romanian seaside last year. The statistical data shows that seaside business has significantly increased in recent years, from RON801.2mn in 2012 to RON1.33bn in 2016. Also, the profitability of the sector increased from RON44.9mn to RON205.8mn in the
same interval.