|
|
Romania Tourism Report Q3 2009Published by: Business Monitor International Published: Jun. 9, 2009 - 56 Pages Table of Contents
AbstractTourism OverviewComplete data for 2008 shows foreign visitor arrivals totalled nearly 8.9mn, a very healthy increase ofabout 15% year-on-year (y-o-y), but somewhat lower than in the previous year. Moreover, a downwardtrend in growth was evident in the latter part of the year. Almost 63% of visitor arrivals were from the EUmember states. Of the latter, Hungary accounted for the largest proportion of arrivals (35% of the total),followed by Bulgaria (20%), Germany (9.4%), Italy (7.8%) and Poland (5%). Although latest data are forjust one month, figures for January 2009 suggest that a sharp weakening in the number of foreign visitorsis on the cards, with the number of arrivals down almost 8% compared with the same month in 2008. Hospitality Official figures for 2008 represent a poor performance for the hospitality sector, particularly for foreignvisitors. Data shows that tourism nights in all establishments that offered accommodation amounted to20.7mn (foreign and domestic tourists), up just 0.6% compared with a year earlier. Foreign touriststhough recorded a 6.3% y-o-y decline in overnight stays to about 3.4mn (16.2% of the total). At the sametime, foreign visitor arrivals in collective accommodation establishments declined by 5.5% y-o-y toaround 1.5mn (nearly 21% of total arrivals). Hotel occupancy rates were just over 41%, which wasslightly weaker than in 2007. The most recent data are for January 2009 and show a significantdeterioration in the hospitality sector, with tourism nights (foreign and domestic tourists) in allaccommodation establishments down 16% y-o-y, of which foreign tourist nights fell nearly 22%compared with January 2008. Over the same period, foreign visitor arrivals in collective accommodationestablishments declined more than 18% y-o-y. Forecast Scenario Having highlighted that the risks were on the downside, BMI now expects a much weaker scenario forforeign visitor arrivals in 2009 and we now anticipate a decline of at least 10% y-o-y. This rests on recentgloomy data for arrivals in December and January, and further downward revisions to real GDP growth inthe eurozone - the major source of arrivals in Romania - along with our revised forecast of a deeperrecession in Hungary in 2009 and only modest recovery beyond 2011. A slight pick up in foreign visitorarrivals, though, is anticipated next year. Tarom In 2008, for the national flag carrier, Tarom, reported operating revenue of US$404mn, up 10% y-o-y,but overall it recorded a loss of US$28mn (following a profit in 2007), chiefly due to increased fuel costs.The airline also recorded a significant slowdown in passenger growth, up a modest 5% y-o-y to about1.8mn (after 32% y-o-y growth in 2007). Moreover, in November and December 2008, Taromexperienced relatively sharp falls in passenger traffic y-o-y. Wizz Air Hungarian low-cost carrier Wizz Air aims to carry 1.7mn passengers to an from Romania in 2009 andbecome the market leader on the Romanian low-cost market this summer. This is after carrying close to900,000 passengers to and from Romania in 2008, a substantial increase of 148% y-o-y. Get Full Details About This Report >> |
|
|||
|
About MarketResearch.com
|
||||