“The first year-half was very good, we reached results similar to the first half of 2019. The hotels had an average occupancy rate of 70%,” entrepreneur Marius Cristescu told ZF.

Bega chain now includes a new hotel, Ibis. Last year, Cristescu brothers invested EUR10 million in the 200-room Ibis hotel opened in early March.

Bega also include Timisoara hotel, a hotel in Sannicolau Mare, the two-star Nord hostel of Timisoara.

Cristescu brothers also plan to invest EUR8 million in a four-star hotel unit, as well as in a five-star hotel.

In 2021, Bega Turism generated RON51.6 million turnover, from RON44.5 million in 2020, and RON16 million net profit, from RON7.3 million in 2020.

(English version by Catalina Apostoiu)