Videos


Polls

  • Do you agree with the controversial cyanide mining at Rosia Montana?
  • show result

    all polls



Cosmo and Nanu - Fantasy

Romanian tourism most hit by the crisis in Europe, study

romaniantimes.at

The leisure and hospitality domestic industry decreased by 16 pc over the past four years reaching some EUR 1.5 billion in 2011, a PricewaterhouseCoopers Romania study released today (Mon) reveals.

The fall of inbound tourists who reduced their spending in Romania from over EUR 750 million in 2008 to less than EUR 600 million in 2011. Domestic tourists fell as well, by  11 percent, from EUR 1.01 billion to EUR 900 million. Over the past four years, the local tourism industry reported a -5.7 pc compound annual growth rate.

"The past recession had a severe impact on the tourism industry of the Central and Eastern European countries, with Poland, Slovakia and Romania the most heavily affected markets. Recession has reduced the disposable income and consumers were forced to reduce their spending on leisure and vacations. By far, the worst affected by these changes in consumer behaviour were vacations abroad, Romanian tourists reducing their spending by over 30 pc, from EUR 460 million in 2008 to EUR 310 million in 2011", said Andrei Creţu, Manager, Advisory, PwC Romania, one of the authors of the study.

The study has also revealed that the Romanian leisure and hospitality industry accounted for 1.4 pv of the GDP, but adding to that the indirect and induced contributions, tourism brings almost EUR 6 billion to Romania’s GDP.

Romanian tourism has a low contribution to the GDP, compared wit




Tag cloud recession  tourists  worst  hospitality  abroad  reduced  Romania  reducing  vacations  leisure  contributions  tourism  behaviour  domestic  industry  billion  Romanian  consumers  Europe  Andrei




Latest News

 

Policeman Beating Girl, 13, Divides Romania
A Romanian police officer has resigned after a video that has split the country showed him beating a 13-year-old girl in custody who was part of a gang of convicted killers that preyed on the elderly.

Granny Spinner Likely To Escape With 30 GBP Public Order Fine
The Romanian teenager who grabbed a terrified woman and spun her around in the middle of a street for a "joke" is likely to escape with a 30 GBP fine - because his victim is too terrified to file a complaint.

National History Museum shows ancient gold coins returned from UK
The Romanian National History Museum in Bucharest has exhibited a rare collection of ancient gold coins that had vanished and have now been returned from the UK where the customs had held them.

Romanian woman gives a birth for free in Serbian hospital and then leaves a baby
Hospital staff in the northern Serbian town of Pozarevac where shocked when a Romanian woman entered there, gave birth and then secretly left abandoning the baby.

Arctic opens a new fridge production line in Gaesti
Romanian company Arctic has opened a new fridge production line in the town of Gaesti in the south of the country.

Romanian businessmen discuss cooperation with Oman
Businessmen representing Romanian companies will stay in Oman for two days discussing possible ways of cooperation between the two countries.

Serbia is a homeland of vampires, not Romania, claims American journalist
An American journalist has revealed the homeland of vampires is Serbia, not Romania.

Simona Halep wins a tournament in Sofia
Romanian tennis star Simona Halep has won the WTA tournament in Sofia, the capital of Bulgaria.

Emil Constantinescu meets president of Azerbaijan
Former President of Romania Emil Constantinescu has met the president of Azerbaijan Ilham Aliyev in Baku

Architect of Romanian Parliament Palace dies
The Architect of the Parliament Palace in Bucharest has died.

 


The most popular stories –
last 7 days


Friends and Partners





Cosmo and Nanu