Tourism market to grow 30% in 2008

Analysts on the market estimate an average 60-70 percent occupancy ratio for 2008-2011, similar to the current level.

“Turnover of tourism agencies, the development of business tourism, the increase in the number of plane tickets [sold] has lead to this market growth,” said the spokesman of the National Association of Tourism Agencies (ANAT), Traian Badulescu.

Besides the development of the business tourism segment, Romania could become an important tourism destination in the coming 5-10 years.

According to a study by the National Institute for Research and Development in Tourism (INCDT), tourism markets in the countries neighboring Romania who joined the EU in 2004 have had some 40 percent average annual growth of the tourism market.