Thursday, 23. May 2013 - 01:05
11. 06. 12. - 15:00
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 Romaniaís GDP.
Romanian tourism has a low contribution to the GDP, compared wit
Tragic Ski Girl Dies
A 10-year-old British schoolgirl has died after skiing into a tree at high speed during a family holiday tragedy in the Austrian Alps.
Police chiefs in Hamburg, Germany, are celebrating after new crime figures showed there wasn't a single bank robbery in the city last year.
Chinese property developers who've been thwarted in a bid to buy up an entire Austrian village have settled on the next best thing - an entire life-sized replica.
Austrian children help Romanian kids
A charity project run by the middle school in Hippach has been recognised with an award for its social work by officials in Tyrol.
Mother kills disabled daughter because she couldnt take care of her any longer
A Romanian woman killed her 8 year-old disabled daughter on Wednesday (yesterday)because she couldn't pay for her care, Libertatea newspaper reports.
Policeman accused of sex with the son of his girlfriend
A Policeman from Vulcan, Western Romania is currently being investigated for having sex with a minor, the son of his girlfriend, Cancan newspaper informs today (Thurs).
Serial killer survivor walks away alive after fall
An 85 year-old woman who survived the most cruel and notorious serial killer in Romania some 40 years ago, recently fell from the first floor of her apartment building and she walked away safe and sound, Cancan newspaper reports today (Thurs).
The son of Qatar Airlines BA beaten up in Romania
The son of the Board of Administration of Qatar Airlines Akbar Al Baker, was beaten up over the weekend at the launching party of a posh club in Mamaia, at the Romanian Black Sea shore, Cancan newspaper reports.
Majority starts presidentís suspension procedures
A day after the Social Liberal Union (USL) legislators dismissed with a large majority of votes the two Speakers of the Parliament, the Union started today the procedures for the suspension and possible impeachment of President Traian Basescu. This is the second time when the Parliament asks for Basescuís suspension.
Some 177 Roma repatriated by French authorities to Romania
Some 177 Romanian citizens of Roma origin were repatriated on Tuesday night from Lille, France, Romania TV news channel informs today (Weds).
The most popular stories –
last 7 days
|Brave boy plays basketbal after losing legs|
|Four Legges Chick born|
|Firemen rescue baby storks|
|Alky Mums Drunk Baby|
|Hookers Clean Up|