“The first half of 2014 was a favorable period for our hotel, both in terms of demand for provided services, and of total generated revenue,” said Sonia Nastase, general manager of Howard Johnson.
Last year, the company asked to be downgraded from five to four stars to profit from events organized by pharmaceutical companies.
“The revenue increase came on the rising occupancy rate and amid the market’s revival against previous years”.
In 2013, the company managing the hotel, Grand Plaza, generated revenue worth 37 million lei (EUR8.4 million), according to Finance Ministry data and ZF calculations.
(English version by Catalina Apostoiu)