During communism, the Ravda area was the site of youth and student summer camps. While some camps continue to function despite the severe cutback in state support, others are undergoing privatization or restitution. In recent years, the town has experienced a building boom by picking up overflow business from nearby Nessebar and Sunny Beach as well as catering to budget tourists from the former Soviet Union.
Throughout the small town center and along the water a number of modern new hotels are sprouting up, such as the attractively-designed Paradise, which happens to be across the street from an upscale complex belonging to the national Council of Ministers.