Business in Romania blog: Doing business in Romania and business issues

The business in Romania blog writes about the Romanian business landscape, doing business in Romania, investing in Romania business and debating on business issues in Romania. Check this Blog's Policy here.

Sitemap | Feedback | Doing Business in Romania report | Opening a Business in Romania | RSS for this Blog

Monday, November 22, 2004

Romania Tourism Up 14% in 2004

The Romanian Tourism Ministry said on Friday it expects tourism receipts to increase 14% this year, to $800 million (614 million euro).

The number of tourists registered at hotels or other places offering lodging is estimated to reach 5.9 million, compared to 5.1 million in 2003, the ministry said in a statement.

Of the overnight visitors, 1.6 million are estimated to be foreigners, representing a 45% increase in their numbers.

Romania should attract 6.5 million foreign visitors, including business travellers and daytrippers, this year. That's an increase of 16%.

Romania's mountain resorts should attract 1.4 million tourists, up 29% on the year. The second most-favoured destination are the country's spas, which should draw 1.1 million tourists. The Danube delta and seaside are other hotspots.

Romania opened 120 hotels this year and renovated another 50.

Romania has received 68 million euro through 2006 to build or modernise boarding houses and increase recreation in rural areas, under the European Union's pre-accession programme SAPARD. This year, 500 boarding houses were built in rural areas.

The tourism sector is expected to contribute approximately four percent of Romania's gross domestic product in 2004, up from 3.5% last year.

Investments in the sector may rise up to 400 million euro this year, double the 2003 amount, according to ANT, the government agency in charge of tourism.

Posted by Mihai : 11/22/2004 09:59:00 am