“Last year, the first operational year, we had promotional prices and this is why we cannot compare the first quarter of this year with the one of 2013. Revenue is much higher in the first three months of this year, going up by 45%,” said Georgeta Grecu, general manager of the four-star hotel.
The hotel ended 2013 with revenue of below EUR1 million.
The hotel has 60 apartments, with areas of between 38 and 50 square meters. The average tariff per night stands at EUR85, breakfast included.
Seven conference halls were also opened in the hotel last year, and the restaurant on the sixth floor is scheduled for opening this year.
“The number of foreign tourists is rising. We also have client accommodated on a longer term, namely of at least six months. 10% of rooms are occupied by expats,” said Grecu. Almost 80% of the hotel’s clients are foreigners.
Spain’s Hercesa, which bought the hotel in 2004, turned the building into a four-star hotel. The building also attracted three tenants, Gambrinus beer house, Cervantes Institute and Humanitas bookstore.
Bucharest has 11,000 hotel rooms. Its accommodation units attracted 1.24 million visitors, of whom 568,000 Romanians and the rest foreigners in 2012, according to the latest data available.
(English version by Catalina Apostoiu)