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Bulgaria Tourism Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
The Bulgaria Tourism Report
- Independent 5 year Tourism industry forecasts in Bulgaria.
- Original Tourism market research and Tourism sector trend analysis for the Bulgaria Tourism industry.
- Competitive intelligence, Bulgarian Tourism company rankings and SWOT analyses on international and domestic Tourism companies in Bulgaria.
The Bulgaria Tourism Report has been researched at source, and features latest-available data covering tourist expenditure, government expenditure on tourism, foreign direct investment projects, domestic airline revenues, passenger arrivals and departures, and the country’s hospitality markets; 5-year industry forecasts through end-; company rankings and competitive landscapes for multinational and local companies; and analysis of latest industry developments, trends and regulatory changes, as well as political risk factors affecting the Bulgarian tourism sector.
Business Monitor International’s Bulgarian Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Bulgarian tourism industry.
Key Benefits of Report
- Benchmark BMI’s Independent 5-year Tourism Industry Forecasts on Bulgaria to test other views – a key input for successful budgetary and planning in the Bulgarian Tourism market.
- Target Business Opportunities & Risks in the {nationality} Tourism Sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Bulgaria.
- Exploit the Latest Competitive Bulgarian Tourism Intelligence & company SWOTS on your competitors and peers through company rankings by sales, market share and ownership structure – includes multi-national and national companies in Bulgaria.
Coverage
Executive Summary
Summary of BMI’s key forecasts and industry analysis, covering the commercial airline, hospitality and Tourism Report infrastructure industries, landmark joint ventures and acquisitions, projects, and the regulatory environment.
BMI 5 - Year Tourism Report Outlook
Structure, size and value of industry sector; overview of industry landscape.
Assessment of business operating environment and latest regulatory developments. Forecasts for government expenditure on Tourism Report industry. Forecasts for tourist arrivals/departures/airline passenger traffic (international and domestic) and tourism receipts.
BMI 5 - Year Macroeconomic Forecast
Forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.
Commentary on local exchange rates and their effect on tourism industry.
Business Environment Rankings
Comparative cross-border analysis assessing business and regulatory factors to rank Asia’s most competitive Tourism Report markets. Indicators used include Political Risk, Business Environment Risk, Forecast International Tourism Receipts, Visitor Arrival Growth, Investment Environment and Shock Factors (taking account of any special factors such as terrorism, natural disasters and disease).
Travel
Comparative company analyses and rankings by sales, passengers carried, size of fleet and employee size of leading airlines.
Special focus on effect of rising jet fuel costs on airline industry.
Hospitality
Overview of hospitality industry structure detailing no of beds, no of rooms, and hotel occupancy rates. Comparative company analyses and rankings by sales, and no of establishments of leading hotel groups.
Company Profiles & SWOTS
Company profiles, including SWOT (strengths, weaknesses, opportunities and threats) analyses, fully researched senior executives, contact details and business activity.
|
Bulgaria Tourism Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Chapter - Executive Summary |
| Bulgaria Tourism Industry SWOT |
| Bulgaria Political SWOT |
| Bulgaria Economic SWOT |
| Bulgaria Business Environment SWOT |
Chapter - Market Overview |
| Table: Bulgaria's Tourism Industry – Historical Data And Forecasts |
| Tourism Outlook |
| Table: Bulgaria – Tourist Arrivals (including transit) Jan-Jul 2008 |
| Table: Bulgaria's Travel Industry – Historical Data And Forecasts |
| Spotlight On Varna |
Chapter - Bulgaria – Business Environment Rating |
| BMI's Security Ratings |
| Physical Safety Risk |
| Regional Tourism Business Environment Ratings |
| Terrorism Risk |
| Table: Central And Eastern Europe Regional Security Risk Ratings |
| Conflict Risk |
| Table: Central And Eastern Europe State Terrorism Vulnerability Index |
Chapter - Travel |
| Commercial Airlines |
| Foreign Players |
| Oil Price Forecast |
| Table: Oil Product Price Forecasts (US$/bbl) |
Chapter - Hospitality |
| Accommodation |
| Table: Bulgaria'a Accommodation Forecasts |
| Infrastructure |
| Developing MICE And Spa Tourism |
| Accommodation Developments |
| Gaming |
Chapter - Monetary Policy |
| Table: Bulgaria - Monetary Policy |
Chapter - Company Profiles |
| Albena |
| Bulgaria Air |
Chapter - Country Snapshot: Bulgaria Demographic Data |
| Section 1: Population |
| Table: Demographic Indicators, 2005-2030 |
| Table: Rural/Urban Breakdown, 2005-2030 |
| Section 2: Education And Healthcare |
| Table: Education, 2002-2005 |
| Table: Vital Statistics, 2005-2030 |
| Section 3: Labour Market And Spending Power |
| Table: Employment Indicators, 2001-2006 |
| Table: Consumer Expenditure, 2000-2012 (US$) |
| Table: Average Annual Wages, 2000-2012 |
Chapter - Tourism Business Environment Ratings |
| Tourism Ratings – Revised Methodology |
| Ratings Overview |
| Table: Tourism Business Environment Indicators |
| Table: Weighting of Components |
Chapter - BMI Forecast Modelling |
| How We Generate Our Industry Forecasts |
| Tourism Industry |
| Sources |
|
Bulgaria Tourism Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Tourism Overview
Official data for the first six months of 2008, released by Bulgaria’s National Statistical Institute, show foreign tourist arrivals standing at 3,193,235 visitors. This figure includes transit passengers, which totalled 889,545 for the January-July period. For the year as a whole, the head of Bulgaria’s State Tourism Agency (STA) Aneliya Krushkova has been quoted in local media as believing there was a 14.6% annual increase in the number of foreign tourists visiting Bulgaria over 2008, although she stressed this estimate was based on preliminary data.
No concrete figures for 2008 as a whole were available to us at the time of going to press. Given the impact of the global credit crunch during Q408, we believe that the 14.6% annual increase alluded to by Ms Krushkova may prove to be slightly optimistic. In the absence of hard data, we believe that a smaller increase (of around 5%) is the most likely outcome for 2008.
Tourism revenues for the first seven months of 2008 totalled EUR1.5bn, some 12.1% higher year on year (y-o-y), according to the Bulgarian National Bank.
Forecast Scenario
We believe that Bulgaria’s tourism sector will continue to show steady, if not spectacular growth over our forecast period to 2013. We believe that the ongoing economic slowdown will have a negative effect on in-bound tourist arrivals to Bulgaria over Q408. We also believe that 2009 will see a decline in both tourist arrivals and tourism revenues. Beyond 2010, we are hopeful that the Bulgarian tourism industry can rebound slowly, with an average growth rate of 2% for the years out to 2013.
Short-term concern surrounds tourism sector
Bulgaria, like many other nations reliant on tourism as a source of foreign exchange, will suffer as a result of the ongoing global economic credit crunch. The CEO of leading Bulgarian tour operator Albena, Krasimir Stanev, told local media in November 2008 that the local industry would be ‘severly impacted’ by the global financial crisis during 2009. Citing figures showing that bookings for ski and sea resort destinations in southern Europe were down by 30% y-o-y in 2008, Stanev said that only those businesses that are able to cut expenditure without impacting the quality of services offered will survive. Stanev was also concerned that a lack of state support for the sector meant that Bulgaria’s marketing and advertising efforts were also losing ground when compared to competitor destinations such as Cyprus and Turkey.
BMI shares Stanev’s gloom on the short-term outlook for Bulgarian tourism. We have long identified a lack of a coherent national tourism strategy as a key constraint for the future development of the sector. However, if the government can harness the private sector to work together effectively to promote Bulgaria as a tourism destination, then there are reasons to be cautiously optimistic on the longer-term outlook for the local industry. The country boasts a wealth of differing tourism sub-sectors (from beach and ski resorts, through to spa and meetings, incentives, conferencing and exhibitions (MICE) tourism) and currently offers a price advantage when compared to its West European rivals. That said, the lev peg to the euro will mean Bulgaria is at somewhat of a disadvantage in comparison to countries with currencies not pegged to the strengthening European currency.
Data Difficulties
At the start of February 2008, the State Tourism Agency stated that it believes official statistical data underpinning the country’s strategy for tourism development are incorrect. In particular, STA head Anelia Krushkova believed that the tourism revenue forecasts for the years 2008 through 2013 were too ambitious.
This admission by the STA bears out BMI’s own scepticism surrounding the Bulgarian tourism industry at present. The fact that too many tourism boards exist in the country and that poor data is used to underpin official forecasts are both examples of areas where the country needs to raise its game, if Bulgaria is to take back market share from fast-growing neighbour countries such as Romania and Croatia.
Competitive Landscape for Asia Tourism Reports: Sample of Companies Ranked
[TOP]
Comparative cross-border analysis assessing business and regulatory factors to rank Asia’s most competitive tourism markets. Indicators used include Political Risk, Business Environment Risk, Forecast International Tourism Receipts, Visitor Arrival Growth, Investment Environment and Shock Factors (taking account of any special factors such as terrorism, natural disasters and disease). Company SWOTs for leading resort, hotel, airline, travel and tourism operators in each market, including competitive intelligence on overall geographic presence, competitive positioning and relationships with international operators; % share of operator markets; % share of international arrivals and departures; % share of busiest domestic routes; main products and services; panregional expansion, merger and acquisition strategies.
|
Bulgaria Tourism Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Africa |
| Egypt, Kenya, Morocco and South Africa |
Asia |
| China, Hong Kong, India, Indonesia, Malaysia, Singapore, Sri Lanka, Thailand and Vietnam |
Caribbean |
| Anguilla, Antigua and Barbuda, Aruba, Bahamas, Barbados, Belize, Bermuda, Cayman Islands, Cuba, Dominica, Dominican Republic, Grenada, Guadeloupe, Guyana, Haiti, Jamaica, Martinique, Montserrat, Netherlands Antilles, Puerto Rico, Saint Kitts and Nevis, Saint Lucia, Saint Vincent, Suriname, Trinidad & Tobago, Turks and Caicos Islands, Virgin Islands, British and Virgin Islands, U.S. |
Europe |
| Croatia, Czech Republic, Estonia, Greece, Hungary, Latvia, Lithuania, Poland, Romania, Romania, Russia and Slovenia |
Latin America |
| Brazil, Chile and Mexico |
Middle East |
| Oman, Turkey and United Arab Emirates |
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