Key Market Indicators
**Bulgarian Hotel Market Set for Moderate Growth by 2028** The number of available hotel rooms in Bulgaria is expected to reach approximately 137,000 by 2028, up from around 129,000 in 2023. This represents a compound annual growth rate (CAGR) of about 1% year-on-year. Since 2006, the supply of hotel rooms in Bulgaria has seen a steady increase of roughly 0.8% year-on-year. In 2023, Bulgaria ranked 14th globally in terms of total available hotel rooms, with Sweden narrowly ahead, also at around 129,000 rooms. Germany, Spain, and France held the second, third, and fourth spots, respectively. In terms of hotel occupancy levels, Bulgaria saw a dip in November 2021 to 21.5%, down from 24.7% in October 2021. This decline reflects a challenging period for the industry over the past year.
