The operator of the hotel posted almost RON1 million loss for the first time in four years, compared with a RON3.5 million net profit in 2019, according to the same source.
Capital Plaza Hotel, which has an area of 7,500 square meters and 95 rooms, is held by four local entrepreneurs, via Corvinus International.
Over the ten years since opening, more than 70% of the guests were foreigners, a trend that continued in 2019, as well. In all, more than 300,000 tourists chose Capital Plaza as their hotel, which had an average occupancy rate o more than 75%. With the onset of the pandemic, the foreign tourists stopped coming to Romania, which seriously hurt the business of the hotel.
(English version by Loredana Fratila-Cristescu)