Recently released market study: Romania Tourism Report Q3 2011

Recently published research from Business Monitor International, "Romania Tourism Report Q3 2011", is now available at Fast Market Research
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* Tourism
* Arrivals
* Nights
* Tourist
* Bucharest
* Traffic
* Romanian
* Wizz
* Deterioration
* Passenger

* Consumer
* Services
* Entertainment

* Massachusetts - US

June 30, 2011 - PRLog -- Tourism Overview

After Romania recorded an extremely poor performance for foreign visitor arrivals in 2009 the downturn in the tourism sector appears to have almost bottomed out, with only a modest annual decline in arrivals of 1% in 2010. The most recent figures for the first two months of 2011 continue to show a slight fall in foreign visitors of about 2% year-on-year (y-o-y). Resident departures abroad fell an annual 7% in 2010, following an even larger fall of 10% in the previous year.


Figures for 2010 show further deterioration in the hospitality sector following a slump in 2009, although signs of recovery were evident in the final months of the year. The total number of tourist nights by domestic tourists was down a sizeable 9% y-o-y in 2010. Foreign tourist nights, however, were up an annual 3.7% (accounting for some 17% of total overnight stays). Latest figures for the first two months of 2011 record robust growth in the sector, with the total number of tourist nights in all accommodation establishments up by almost 14% y-o-y. Nights by foreign and domestic tourists increased 11.5% and 14.5% y-o-y respectively.

Full Report Details at

Forecast Scenario

Based on continuing relatively subdued data on arrivals over recent months, BMI has revised down its expectations for recovery in 2011, with an annual growth forecast for arrivals now at 5%. Growth in arrivals should pick up in 2012, however. The forecasts are based on steady growth in the major source region - the eurozone - going into 2011 (edged up this quarter to 1.8%), with growth unchanged in 2012. In Germany though, growth is expected to slow over the same period, to 3% and 2% respectively. In Hungary, a key source market, relatively strong economic recovery is anticipated over the next two years. Concerning the leu, BMI forecasts an appreciation trend against the euro in both 2011 and 2012, which is likely to constrain the growth of foreign tourism.

Bucharest Henri Coanda International Airport

Following a fall in passenger numbers at Romania's largest airport, Bucharest Henri Coanda International Airport (BHCIA), of more than 11% y-o-y in 2009, there was a favourable rebound in traffic in 2010, with numbers up an annual 9.7% to just over 4.9mn. Of the passengers who boarded at the airport, 41% travelled to Schengen destinations.


Romanian airline Carpatair reported a 13% y-o-y increase in passenger traffic in 2010. In April 2011, the carrier began direct flights from Iasi to Rome. In March, the Romanian low-cost market leader, Hungarian carrier Wizz Air, announced it was opening its fourth Romanian operating base in Tirgu Mures. From June, the airline will add seven new routes from Tirgu Mures to the already existing Budapest and London services. The new routes are Barcelona, Rome Fiumicino, Paris Beauvais, Milan Bergamo, Madrid, Dortmund and Bologna Forli. From May, Turkish low-cost carrier Pegasus Airlines introduced five weekly flights on the Bucharest-Istanbul route.

Danubius Hotels Group

Preliminary results for Hungary's Danubius Hotels Group show consolidated group revenues totalled over HUF42.9bn (US$226mn) in 2010, down 1% in local currency terms on the previous year, while operating profit totalled HUF357mn (US$1.9mn), down nearly 70% y-o-y. After a very poor performance in 2009, results for Romanian hotels in 2010 remained weak, with revenues down by 2% y-o-y to under HUF1.5bn (US$7mn). Profit before tax rose by an annual 2% to HUF217mn (some US$1mn). The occupancy rate in Romanian hotels was largely unchanged in 2010 compared with a year earlier, at 56.7%.

Report Table of Contents:

SWOT Analysis
- Romania Tourism Industry SWOT
- Romania Political SWOT
- Romania Economic SWOT
- Romania Business Environment SWOT
Industry Forecast Scenario
- Arrivals
- Table: Arrivals Data, 2007-2015
- Accommodation
- Table: Accommodation Data, 2007-2015
- Expenditure
- Table: Tourism Expenditure & Economic Impact, 2007-2015
- Inbound Tourism
- Table: Inbound Tourism Data, 2007-2015
- Outbound Tourism
- Table: Outbound Tourism Data, 2007-2015
- Table: Resident Departures By Destination Country, 2007-2015 ('000)
Market Overview - Travel
- Commercial Airlines
- Global Oil Products Price Outlook
- Table: Oil Product Price Assumptions, Q410-Q411 (US$/bbl)
- Table: Oil Product Price Data And Forecasts, 2008-2015 (US$/bbl)
Market Overview - Hospitality
- Table: Key Players In The Romanian Hotel Industry
- Accommodation Developments
- Infrastructure
Business Environment Outlook
- Table: Central And Eastern Europe Travel And Tourism Business Environment Ratings
- BMI's Security Ratings
- Table: Europe Security Risk Ratings
- Table: Europe State Vulnerability To Terrorism Index
- Romania's Security Risk Ratings
- Central And Eastern Europe Security Overview
Global Assumptions, Q311
- Table: Global Assumptions, 2009-2015
- Table: Global And Regional Real GDP Growth, 2010-2013 (% change y-o-y)
- Table: Selected Exchange Rates, 2010-2013 (average)
- Developed States
- Table: Developed States' GDP Growth, 2010-2013 (% change y-o-y)
- Emerging Markets
- Table: Emerging Markets' GDP Growth, 2010-2013 (% change y-o-y)
- Consensus Forecasts
- Table: Bloomberg Consensus GDP Growth Forecasts, 2011-2012 (% change y-o-y)
Company Profiles
- Austrian Airlines
- Hilton Worldwide
- SIF Transilvania
- Tarom
- Unita Turism Holding
BMI Methodology
- How We Generate Our Industry Forecasts
- Tourism Industry
- Tourism Ratings - Methodology
- Table: Tourism Business Environment Indicators
- Table: Weighting of Components
- Sources

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at

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Tags:Tourism, Arrivals, Nights, Tourist, Bucharest, Traffic, Romanian, Wizz, Deterioration, Passenger
Industry:Consumer, Services, Entertainment
Location:Massachusetts - United States
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