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Bulgaria Tourism Expects Additional EUR 50 M Revenue in 2011

Sofia News Agency (with corrections), 10.12.2008

The revenues from vacation tourism could possibly increase by EUR 50 M in 2011, the Bulgarian State Tourist Agency reported. The forecast is mainly based on the expected results from the implementation of 6 projects under the European "Regional Development" program. The realization of the projects would increase room occupancy by 1,2% in 2011, with Bulgarians paying for additional 24,000 accommodations and foreign visitors - additional 70,000, which would generate the extra EUR 50 M in revenues. The newly prepared advertisement campaign to promote Bulgaria as a tourist destination is going to target 310 million people while the funds would be provided by the "Regional Development" program. See source here (Some corrections to the original article have been made)