In 2023, Bulgaria travel to grow 14 percent, WTTC says

Friday, July 28, 2023

The tourism sector of Bulgaria is predicted to grow by over 14% in 2023 and reach to 11.4 billion levs, or over two-thirds of the 14.8 billion levs that was recorded in 2019 before to the pandemic started, as per World Travel and Tourism Council.

In 2023, the sector is hoped to contribute 19.1 billion levs, or around 10% of the real economy of Bulgaria, WTTC said this in its Economic Impact Research report 2023 that was presented on Tuesday.

The tourism sector of Bulgaria in 2022 contributed around 6.5% of the real economy of the country after increasing by a quarter to arrive at 10 billion levs.

In 2019, by contrast, the contribution of the sector to the gross domestic product of that year amounted to 9.9%, the WTTC mentioned.

There will be 364,000 jobs in the next decade and all of them will be linked to tourism in Bulgaria. Around 17,500 new jobs are anticipated to be generated this year alone, taking sector’s total jobs to over 287,000.

With 18,000 more jobs created compared to 2021, last year tourism sector of Bulgaria accounted for one in 13 jobs.

Tourism has successfully handled to recover a third of the jobs which were lost during the covid situation.

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