Tourism flows have rebounded strongly during the post-COVID-19 recovery of travel and tourism in Bulgaria, with no travel restrictions being in place in 2022 or 2023. Leading scheduled, low cost and charter airlines have also increased their number of flights and frequencies to and from Bulgaria in 2022 and have continued to add new ones for 2023.
The number of airlines’ passengers continued to rebound in 2022 and 2023, although a full recovery is not expected until 2025. Demand did not reach pre-pandemic levels as some travellers have delayed their travel plans.
Lodging was hard hit by the global pandemic with sales dropping sharply following the outbreak of COVID-19. Most lodging establishments, hotels and other service providers managed to endure this unprecedented crisis but have since struggled financially in the post-pandemic recovery period.
The performance of travel intermediaries in 2023 has been boosted by the increasing number of Bulgarians that are looking to book holidays more than once per year and who are interested in saving time when looking to book package holidays, transport modes and lodging. Travel intermediaries are responsible for the majority of leisure packages and they have benefited from their investment in offering online services, especially in the case of lodging and airline bookings.
Travel is set to continue on the path to recover with sales expected to reach pre-pandemic levels by late 2023 in current value terms. Nonetheless, the strength of growth and recovery is dependent on the economic conditions and the impact of the rising cost of living on consumer purchasing behaviour, with Bulgaria seeing elevated inflation.
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Travel
Travel encompasses several categories including tourism flows, lodging, travel modes, in-destination spending and booking.
See All of Our DefinitionsThis report originates from Passport, our Travel research and analysis database.
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