Octavian Lazar, a stakeholder in Caro Hotels in northern Bucharest, says investment projects are on standby given market conditions.
“We’d planned to renovate the rest of rooms, but we are now seeking solutions to survive on the market. We’ve gone from 150 employees in 2019 to 50 employees last year and 80 employees this year. 2021 has been better than 2020, but still a challenging year”.
The hotel complex underwent a refurbishment process before the pandemic, with total investments topping EUR3 million.
“Figures are no longer relevant as this sector was the worst hit by the pandemic. Now, the biggest challenge for hotel owners is to stay on the market,” said Octavian Lazar.
Caro Hotels complex has a 188-room accommodation capacity. It has two restaurants and 14 conference rooms.
(English version by Catalina Apostoiu)