Tuesday, 25 April 2017

Could Bulgaria be Europe’s Top Holiday Hotspot in 2017?

Written by Posted On Thursday, 09 March 2017 14:54
Bulgaria Bulgaria

It’s nearing that time of year again to break out the holiday brochures and start planning your summer get-away. If you’re planning to holiday in Europe this year, you may have noticed that Bulgaria is now showing up on the radar as the new holiday hot spot, with it quickly becoming one of Europe’s most popular sun holiday destinations and offering tourists amazing value for money.


The Bulgarian Black Sea coast boasts white and golden sand beaches, spectacular mountain scenery and plenty of history for a varied beach holiday. Its popular coastal town of Sozopol was awarded 6th place in the “European Best Destinations” of 2017 and Plovdiv, which is Europe’s oldest inhabited city, was awarded 3rd place in 2016.


But beauty, history, and culture aside, Bulgaria today is also Europe’s cheapest holiday destination. Sofia, Bulgaria’s capital, was declared the cheapest city in the world for a short break in 2017, offering one night’s stay in the city, including hotel, food, drink, a taxi journey, and entertainment for less than 45 EURO!


Bulgaria declared 2016 it’s most successful year for tourism in over 25 years and is expecting that tourist numbers will grow by a further 30% this summer. Also, Bulgaria’s registered increase in tourist numbers was greater than any other EU country in 2016.
It looks as though tourist numbers are set to skyrocket even further in the future, with plans now in place for Europe’s Largest Integrated Resort Casino to be built on the Black Sea Coast in the Burgas region of Bulgaria.


The resort, which will include an upscale hotel, 4000 serviced apartments and high-end commercial areas, along with a world-class casino, aims to become a major tourist attraction for both Europeans as well as those from further afield.


Such is the vision of Neil O’ Reilly, Chief Executive Officer and founder of Singapore based firm Corestone Pte. Ltd., which specializes in bringing Asian investors to Bulgaria.
“Tourism is thriving, the economy is moving and astute Asian investors are now identifying Bulgaria as a great place to invest. I believe that there will be a significant increase in the cost of land and real estate in the near future and the recent market trends support my beliefs.”


“Upon completion, this Integrated Resort Casino will transform the tourist market in Bulgaria and will make a giant contribution to increasing business and leisure tourism in the country.”
The best present day example of the hugely positive impact which Integrated Casino Resorts (IRCs) have on tourism can be seen in Singapore, where tourist numbers rose by more than 30% following the opening of IRCs Genting Group’s Resort World Sentosa and Marina Bay Sands in 2010. The spectacular Marina Bay Sands building today is a global icon of Singapore as well as being of the most recognisable structures in the world.


The new IRC destined for the Black Sea Coast will be awesome in both scale and design and is set to become a landmark development in Bulgaria as well as one of Europe’s most iconic buildings, establishing Bulgaria as a “must see” place in Europe.
While a project such as this could potentially crown Bulgaria as Europe’s most popular tourist destination in the future, it looks as though Bulgaria is already set to be a serious contender in the fight for the title of Europe’s best holiday hotspot of 2017.

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