The Bucharest hotel registered a lower average occupancy rate, of only 20%, in the first six months of this year against the same period of 2020. Also, the 1H average tariff was lower than in the year-earlier period.
The company managing the Bucharest hotel in 2020 saw turnover slump by 80% and posted RON3.6 million in losses. At the same time, the number of employees dropped by around 100.
Bucharest’s Intercontinental hotel is focused on business travel, so that beside the lack of business tourists, the company’s revenues were hurt by the lack of events.
Hospitality industry turnover slumped by 35% last year, to RON17.9 billion amid pandemic restrictions and companies operating in this sector saw overall losses triple, to RON2.3 billion, from RON710 million in 2019.
(English version by Catalina Apostoiu)