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» finance.news.bg

Sunday, March 21

Massive Bankrupts on Sunny Beach Resort This Summer

Updated on: 03.07.2008, 18:23

Published on: 02.07.2008, 19:41

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Author: Kristalina Ilieva

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Hoteliers, restaurant owners and tenants of trade objects at the ‘Sunny Beach' resort are shocked by the incredibly low tourism season this summer.

Most of the small hotels are half-empty, the bars and restaurants also and the sellers of fast food and souvenirs are categorical the turnovers are catastrophic.

20 hotels on the ‘Sunny Beach' Resort are already closed and declared bankrupt. Other 80 are let for sale.

As reason for this tourism season's total crash are considered few factors.

On first position comes the overbuilding of the complex, which made it repulsive for the tourists. The second reason is the European Football Championship, which directed many potential tourists towards Austria and Switzerland.

Other very important factor is the reputation of Bulgaria as a country for cheap alcohol tourism and not quite high quality of service in the hotels.

Sunny Beach resort is visited of more and more poor tourist, which reflects the turnovers catastrophically.

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