Romania loses EUR 1,17 bln in 2020 as fewer foreign tourists visit the country amid COVID-19 pandemic

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Transylvania Today
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Romania’s tourism sector lost RON 5.72 bln (EUR 1.17 bln) in 2020 due to the COVID-19 pandemic and the restrictions that have kept foreign tourists away from the country, according to Romania-Insider.com.

The number of foreign tourists who visited Romania dropped by 83% in 2020 compared to 2019, to just 452,000. Romania thus recorded the second-steepest drop in the number of foreign tourists among EU countries, after Cyprus, according to Eurostat data.

Consequently, Romania’s tourism sector last year lost 83% of the revenues generated by foreign tourists compared to 2019. The foreign tourists spent only RON 1.18 bln (EUR 240 mln) in Romania in 2020, down from RON 6.9 bln (EUR 1.42 bln) in 2019, according to data released by the National Statistics Institute (INS) on Wednesday, March 17.

Hotels have the biggest share of the lost revenues as about half of the money foreign tourists traditionally spend in Romania goes on accommodation. Thus, local hotels lost revenues of about RON 2.86 bln (EUR 587 mln), according to Romania-Insider.com estimates based on INS data. The hotels in Bucharest and other big cities were likely the biggest losers because they traditionally rely more on foreign tourists who come to Romania for business or for city breaks.
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