Hoteliers warn of massive bankruptcies – ᐉ Bulgaria News • latest news and current information



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Hoteliers in resorts near Varna are warning of massive bankruptcies and layoffs if the state does not support the seasonal sector. They are pushing for additional economic measures to compensate homeowners who cannot benefit from state aid.

Stanislav Stoyanov is among the owners of hotels in the Golden Sands complex, which are open this summer. However, due to the pandemic, his hotel was operating at only 30% of its capacity and almost at a loss. Now the hotelier has nothing to cover his expenses and loan fees.

“The government must take measures: to stimulate credit services with financial holidays, respectively, there are rates at the local level that can be rescheduled, the deadlines for paying taxes can be made more flexible,” he told BNT indignantly.

The hotelier predicts that next summer will be even more difficult. Due to the pandemic, there are no advance registrations yet.


“There are no organized charter flights, there are many unknowns, tour operators do not dare to take any predictive measures, they do not dare to offer advance reservations,” Stoyanov added.

The tourism industry’s greatest hope is the COVID-19 vaccine. If it is effective, there may be no bankruptcies in tourism.

This year, advance reservations will give way to last minute reservations. We will once again have the Bulgarian tourists, who last summer rediscovered our country as a destination.

According to hoteliers, it will take at least 3 years for the tourism industry to fully recover from the pandemic.

Sofia, Bulgaria



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