HOTEL MARKET
16 articole · RSS
Romania Hotel Market Sees Company Number Slide, Profit Soar to 5-Year High in 2022
2022 brought fewer companies on Romania’s hotel market, but profit hit a five-year high, of RON1.5 billion, in line with Trade Registry data.
Romania Hotel Market Witnesses Fast Rebound in 2022
Romania’s hotel market boasted an accelerated recovery in 2022 and the tendency is set to continue in 2023 as well. Bucharest registered much more intense tourism activity, which reached pre...
Romania Hotel Market Expects Rebound Until 2024; 17 New Hotels Due To Be Delivered In Next Three Years
Romania’s hotel market, the most affected sector by the coronavirus pandemic, expects to revive until 2024. In Romania, the net occupancy rate in 2020 was 11.3% lower than in 2019. For 2021-...
Colliers: Romanian Hotel Market Could Start Recovery in 2H/2021
The hotel market in Romania could start recovering in the second half of 2021, supported by a pick-up in international travel, and the 2021 will bring fresh trends in the hospitality area, r...
C&W Echinox: Romanian Hospitality Market Fundamentals Stay Strong
Hotel transaction volume in Romania declined 87% in 2020, to around EUR9.5 million, from EUR75 million in 2019, as the pandemic put investor activity on hold and many sellers postponed their...
Colliers: Recognized Brand Hotels Could Return to 50-60% Occupancy in Autumn
The hotel market could return to an occupancy rate of 50-60% for hotels operated by recognized brands towards the end of the year, in a scenario in which the epidemiological context remains...
Bucharest Radisson Manager Sees Hotel Market Rebound
Ali Yilmaz Yildirimlar, general manager of Radisson Blu hotel complex of Calea Victoriei in Bucharest, which operates 718 rooms, says operating income had a double-digit growth in the first...