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Occupancy rates and tarifs drop at five star hotels on the Black Sea
News 24 May 2009
Occupancy rates will drop by at least 10% in this summer season at all major five star properties on the Romanian and Bulgarian coast of the Black Sea. In spite of strong performance during weekends, overall sales remain affected by the international crisis and falling rack rates. In contrast, the crisis seems to have a positive effect on Russian coast of the Black Sea, wealthy Russians preferring domestic destinations to international ones.