“In the first half, the average occupancy rate stood at 76% and turnover rose by 3%. July was weaker, though, with a 10% decline, and for August I expect an over 70% occupancy rate, flat from last year,” Mirela Cojocaru, general manager of the hotel, told ZF.
The hotel has a 60-apartment accommodation capacity.
In line with the latest statistical data, Bucharest attracted 486,826 foreigners in January-June 2024, from 410,000 in the year-earlier period. Most of them come on business trips to Bucharest.
The company that manages the hotel ended 2023 with EUR1.9 million turnover, topping 2019 results.
(English version by Catalina Apostoiu)