Development of the Hotel Sector in Bulgaria in The Period 2022-2025 Cover Image

Развитие на сектора на хотелиерството в България през периода 2022-2025г.
Development of the Hotel Sector in Bulgaria in The Period 2022-2025

Author(s): Alexander Rangachev
Subject(s): Economy, National Economy, Business Economy / Management, Tourism, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: hotel sector; Bulgaria; financial indicators
Summary/Abstract: This report analyzes the development of the Hospitality sector in Bulgaria for the period 2022-2025, based on official data from the National Statistical Institute (NSI), the Ministry of Tourism, Eurostat, OECD and the World Travel and Tourism Council (WTTC). The main objective is to assess the dynamics of employment, revenues, capacity and investment activity in the sector in the context of the post-pandemic recovery and geopolitical factors affecting tourism in Europe. The period 2022–2025 is characterized by a recovery in domestic and international tourist flows, with the number of overnight stays in accommodation increasing by over 30% compared to 2021, and overnight revenue exceeding pre-COVID-19 levels already in 2023. The sector contributes approximately 3.4% of GDP and provides employment for over 120 thousand people, with employment stabilization and increased investment in mid- and high-end hotels expected in 2024– 2025. The main trends include accelerated digitalization, growing interest in sustainable (eco) practices and diversification of tourism products. Despite the positive dynamics, the sector remains sensitive to inflationary pressures, a shortage of qualified personnel and dependence on external markets, especially German, Romanian and Polish. The report offers a structural analysis of the sector, including the dynamics of key economic indicators, as well as forecast trends for 2025 and the following period.

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