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Romania Tourism Report Q1 2010Published by: Business Monitor International Published: Nov. 25, 2009 - 52 Pages Table of Contents
AbstractThe Romanian tourism sector remains in poor shape. After strong growth in foreign visitor arrivals in the previous two years, data for the first eight months of 2009 show a continuing sharp deterioration in the number of foreign visitors, with arrivals down by nearly 15% compared with the same period in 2008.About 95% of all arrivals over this period were from European countries, with 63% of visitors coming from the EU. Following buoyant growth in Romanian tourist departures in recent years, official data for January-August 2009 showed a decline of 8% year-on-year (y-o-y) of Romanian visitors abroad. Hospitality The weak performance of the hospitality sector during the past year and a half, particularly regarding foreign visitors, continues. The most recent data, for January-August 2009, confirm a major deterioration in the sector, with tourist nights for foreign and domestic tourists in all accommodation establishments down by 16% y-o-y, of which foreign tourist nights fell by 24% y-o-y. Tourist nights by domestic residents fell by nearly 15% y-o-y. Over the same period eight-month period, foreign visitor arrivals in collective accommodation establishments declined by more than 16% y-o-y. Forecast Scenario This quarter, BMI maintains its previous forecast of sizeable negative annual growth in foreign visitor arrivals of -15% in 2009. The particularly poor outlook is largely due to marked negative real GDP growth in the eurozone, the major source region for visitors to Romania. In addition, Hungary, an important source market, experienced a deep recession in 2009 (with real GDP down by over -6%). A slight pick up in visitor arrivals to Romania is anticipated in 2010 as the eurozone records modest economic recovery. In Hungary, however, a moderate recovery is not expected until 2011. Over the remainder of the forecast period, the outlook for further increases in arrivals remains relatively favourable, with growth in visitor numbers accelerating. Tarom Although the Romanian national flag carrier Tarom recorded negative growth in passenger traffic of about 12% in the first eight months of 2009, compared with the corresponding period a year earlier, the rate of decline appears to be easing. Traffic fell by a more modest 5% y-o-y in August. Wizz Air As part of its extensive network of flights between Romania and Italy, from its three Romanian bases, Hungarian low-cost carrier Wizz Air launched two new routes from Bucharest to Catania and Bologna/Forli in September and October 2009. Additionally, from October, the airline increased frequencies on routes from Cluj-Napoca to Rome Fiumicino Airport and Paris Beauvais Tillé Airport. As part of its seasonal ski services, Wizz Air is launching new routes from Bucharest and Cluj-Napoca to Grenoble-Isère in France between December 2009 and March 2010. Get Full Details About This Report >> |
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