Bulgarian accommodation facilities expecting to shut down decrease in Oct - survey

Bulgarian accommodation facilities expecting to shut down decrease in Oct - survey

The percentage of managers of accommodation facilities in Bulgaria expecting to close their business in the short term due to the coronavirus crisis fell on a monthly comparison basis in October, the national statistical office, NSI, said.

As many as 1.0% of the managers of accommodation facilities in Bulgaria expect to discontinue their operations in a month's time, the NSI said in a statement, citing the results of a monthly survey conducted among some 1,800 managers of hotels, campsites, holiday villages and other accommodation establishments.

In September, 1.8% of accommodation facility managers said they expect to shut down their business in the short term.

The results of the latest survey show that in October 39.6% of accommodation facilities planned to maintain their operations in the following month, albeit at a lower capacity, compared to some 35.7% in September.

The share of accommodation facilities that planned to continue to operate as usual was 41.1% in October, up from 40.3% a month earlier. As many as 17.3% of the respondents said they plan to temporarily suspend their operations, down from 21.8% in September.

As many as 58.7% of accommodation facilities saw a decrease in their operating revenues on a monthly comparison basis in October, while 37.0% reported no change.

Less than half of the managers, 44.3%, expected in October that they will be able to service up to 50% of their operating expenses with own funds in the following month, while 21.6% said they will be unable to service any expenses with own funds. As many as 33.7% said they will be able to service up to 100% of their operating expenses in a month's time.

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