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Bulgaria Hotels to Lower Prices in 2010

Sofia News Agency, 23.07.2009

Bulgarian hotels may lower prices by 30% for the 2010 season as a reaction to the discouraging results this summer. This was announced Tuesday by the Deputy Chair of the Union of the Owner of Golden Sands Resort, Koicho Koichev, the Pari Daily reported. The discount will be first offered to the tourist agencies and operators, with which currently negotiations are being held, Koichev said. The reason for the big fall in prices is the global financial crisis, which will cause season 2009 to be one of the worst in the last few years. In Koichev's words, since the beginning of the tourist season in Bulgaria in 2009, seventeen hotels have been closed.