Market Research Reports, Inc. Slow Growth Recorded in Romanian Tourism Industry

Latest study finds due to weak and uncertain economic conditions, travel and tourism in Romania recorded slow growth.


Lewes, DE -- (SBWIRE) -- 03/20/2014 -- Travel and Tourism in Romania – Research Report clearly identifies promising areas for future growth, in terms of tourist spending patterns and tourism demands, giving you the upper hand over your competitors. You will secure a proper understanding of shifting market dynamics which will enable you to amend your business plans accordingly, to allow maximum sales. Furthermore, you will gain an explicit understanding of the current trends and drivers and the challenges facing the travel and tourism industry in Romania, enabling you to identify the key areas in which you want to compete in the future.

Key Insights include:

Romania recorded significant economic growth during 2000–2008, which reduced poverty levels. According to World Bank, absolute poverty shrank from 35.9% in 2000 to 5.7% in 2008. Romania joined the EU in 2007, which led to several economic reforms and restructuring programs in the country. However, the global financial crisis of 2008 hindered Romania’s economic growth, impacting foreign investments and reducing industrial production rates.

Suceava county is one of Romania’s most popular tourist destinations. The region is famous for its cultural heritage, and has a place in UNESCO’s World Heritage sites list. The churches of northern Moldavia, built during the 15th and 16th centuries, are key tourist destinations. The site was included in UNESCO’s World Heritage list in 1993.

The Romanian tourism sector is facing strong competition from Western European countries. When compared with competitors such as Bulgaria, Turkey, Greece and Cyprus, Romania’s tourism offering is widely thought to be limited, concentrated on a few hotels and resorts, and developing tourism areas such as health and spas, and business tourism

Target Audience for this report:
Travel and Tourism companies
Risk and compliance organizations
Suppliers to Travel and Tourism companies, in particular travel agencies.
Foodservice and Retail suppliers
Aviation specialists
Trade body, academia or other industry observers.
Companies involved at any stage in the procurement and marketing process

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