Romania’s Tourism – Exciting Expectations for Exponential Financial Growth

Categories: Finance

Name just one man who could say with absolute certainty that the “Poor man of Europe” as many called this country in the past, would eventually turn out to be one of the countries with the fastest growth in the tourism sector. Of course, it is easy to conclude such an assumption from the perspective that the other EU counterparts already had developed tourism that couldn’t be much more developed than it already is. But the situation is much more complicated than that. Only the residents from ex-communist countries know who delicate this matter can be and the heavy efforts that they endured magnetizing eager tourists with promises of inimitable attractions. It is time for all to meet once and for all with the wildcard of EU that is better known as Romanian’s tourism.

How Land of Count Dracula Leads in Estimated Tourism Growth

Hollywood blockbusters had the opportunity to create the wrong picture about the land of Count Dracula that spread all around the globe like wildfire, and they most certainly did just the thing. Bucharest officials created an amazing chance for anyone eager to spend his bachelor night in Bucharest with as lowest spending as possible with the highest expectations imaginable.

This started as a global phenomenon that allured tens of thousands of party goers to spend the wildest nights in Romanian capital and return home with stories of beautiful landscape, tasteful food, and unbelievable beauty of female residents. As you can imagine, little effort needed to be put on top of that to create magnetizing energy that forced nearly 3 million tourists annually to flock inside Romanians borders.

For a nation situated on the Balkan Peninsula, these numbers are already a great start for anyone to be bewildered. What may come even more as a surprise to you is that Romania is the only country in Europe with estimated growth in the tourism sector of 11% (1.4% more than in 2017) and what’s even more shocking is that this occurred without the worldwide famous landmarks and some jaw-dropping attractions. What made this phenomenon possible?

Foreign visitors spent on average 2 nights in Romania. It can be concluded that half of the visitors came for business purposes which means that undoubtedly the business opportunities are increasing regardless of tourism.

The other half came for a vacation on a seaside or mountain resorts that Romanian officials say is the prime-point in domestic investments with the hopes of them being the number one tourist attraction in the future. It is not plausible that we can include the famous Transylvania as one of the main destinations for many visitors.

If anything, everyone wants to see how notorious Vlad the Impaler spent his days is his magnificent castles that many movies portrayed like a gruesome fairytale. In a survey done across 13 nations of EU that targeted a younger audience who traveled across Europe in hope of searching for new party possibilities, it was concluded that Romania had one of the fastest growing party hubs in EU.

This can prove the very fact why bachelor parties in Bucharest are so attractive to both budget travelers and those who seek more sophisticated opportunities to spend their stag do hype. As you can probably already imagine, the tourism image of Europe has changed dramatically in recent years and there are new players who can make a great difference in this game.

For a nation that has little less than 20 million residents and estimated 211.8 billion $ of GDP for 2018 an 11% growth in the tourism sector is nothing less than the thing of admiration. Only the time and hard efforts of their officials can prove us wrong that this country won’t be one of the best places in EU to visit in the future.