Boston, MA -- (SBWIRE) -- 10/13/2014 -- We expect to see steady growth across most key industry indicators for this fledgling tourism market in the coming years. BMI predicts a growth in inbound and outbound tourism as well as tourism receipts, though the hotel and restaurant industry is likely to display more volatility in the period up until 2018. Despite some reservations concerning infrastructure and a bloated bureaucracy, we believe this market has some great opportunities for expansion.

Romania is almost completely dependent on European countries as its tourism industry's source markets. In the coming years, if predictions of a sustained period of European economic growth hold true, this will lead to a healthy growth in visitor numbers to Romania, around 5% per year until 2018. Naturally, this dependence on Europe for visitors also poses a risk of overexposure to a downturn in the economies of Europe.

Provided that this does not happen we expect arrivals to grow from 8.6mn in 2014 to around 10.6mn in 2018, which will have positive effects on both the number of hotels in the country and the value of tourism receipts. Outbound tourism will also see growth over the forecast period, but this will be more modest as Romanian wages will remain relatively low for the region, whilst this is attractive for investors it dampens the gains from domestic and outbound tourism in the country.

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Tourists coming to Romania mostly arrive by plane, and there are a number of government and EU-funded projects underway at present to increase air travel capacity. We expect the dominance of air travel to continue due to the poor condition of Romania's post-Soviet road and rail systems which are in dire need of rehabilitation, some of which is beginning to happen now through EU structural funding. Ultimately, the poor quality of land infrastructure is acting as a brake on visitor numbers from continental Europe, especially neighbouring countries.

There are several stand-out areas for investment in Romania...

The Romania Tourism Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.

BMI's Romania Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Romanian tourism industry.

Key Benefits

- Benchmark BMI's independent tourism industry forecasts for Romania to test other views - a key input for successful budgetary and planning in the Romanian tourism market.
- Target business opportunities and risks in the Romanian tourism sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Romania.
- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

BMI Industry View

This contains a synopsis of our forecasts, and any changes, together with an overview of key trends and developments in the tourism industry, and an assessment of the impact of various economic and national factors which might affect the sector. It also covers new transport projects, new hotel developments, and acquisitions.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the tourism sector and within the broader political, economic and business environment.

BMI Industry Forecast Scenario

Forecasts to end-2018 for all key indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:

Inbound tourism: Arrivals (?000), arrivals growth (% y-o-y), arrivals by region, growth (% y-o-y), arrivals by country, growth (% y-o-y), top 10 countries based on arrivals, growth (% y-o-y).

Outbound tourism: Departures (?000), growth (% y-o-y), departures by regional destination (?000 and growth % y-o-y).

Travel: Methods of travel for arrivals (Air, Ship, Rail), (?000) and (% growth y-o-y), international Tourism receipts for transport (US$bn), (growth % y-o-y), international Tourism receipts for travel items (US$bn), (growth % y-o-y).

Hotels: Hotel industry value (US$bn), (growth % y-o-y), (%GDP), (per capita), (per employee), number of hotels and like establishments (?000), (growth % y-o-y), total overnight stays, (?000), (growth % y-o-y), length of stay, occupancy rate (%), number of hotel rooms, (?000), (growth % y-o-y).

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