Boom of 6.3% Predicted for Bulgaria's Tourism Sector in 2006
2007-09-19 10:00:00
Bulgaria 's travel and tourism sector is expected to grow 6.3 % in 2006 and by 4.3 % per annum, in real terms, between 2007 and 2016, a survey of World Travel and Tourism Council (WTTC) shows. According to the survey tourism in Bulgaria in 2006 will generate USD 6725.6 million of economic activity. Bulgaria's travel and Tourism economy (direct and indirect impact) in 2006 is expected to account for 16 % of GDP and 400 000 jobs (13.6 % of total employment). These figures place Bulgaria on the 68th position in absolute size worldwide from a total of 174 countries represented in the survey and on the 43rd place in Relative Contribution to national economies. Travel and tourism in the Central and Eastern Europe in 2006 is expected to generate USD 244,631.3 B of economic activity. The Central and Eastern Europe travel and tourism is expected to grow 5.9 % in 2005 and by 5.8 % per annum, in real terms, between 2007 and 2016. Each year the World Travel & Tourism Council, together with its research partner Oxford Economic Forecasting, produces comprehensive reports that quantify and forecast the economic impact of Travel & Tourism for 174 economies and the world. WTTC's mission is to raise awareness of the full economic impact of the world's largest generator of wealth and jobs - Travel & Tourism.

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