“We can’t be talking about reaching the occupancy rate budgeted at the beginning of the year, especially since this is a new hotel in Bucharest, but we did manage to reach somewhere in the neighborhood of 25% of the early 2020 forecast,” says Roxana Visan, cluster manager of Courtyard Bucharest Floreasca.
The average occupancy rate was 15% in 2020, the average of the entire city for that matter, especially for the main areas affected by the pandemic.
Courtyard opened after a EUR22.5 million investment and has 259 rooms. Most customers, 80%, were corporate customers, but the leisure segment had started to increase before the onset of the pandemic.
(English version by Loredana Fratila-Cristescu)