HOTEL
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Cold Cuts Producer Cris-Tim Owners Plan to Build Hotel
The Timis family, who owns the cold cuts producer Cris-Tim and Casa Timis mansion, plans to build a hotel in the next five years. The entrepreneurs intend to build some accommodation facilit...
Apulum Turism Develops Five Star Hotel in Cluj-Napoca
Apulum Turism is developing an event center and a five-star hotel in Cluj-Napoca in a EUR10 million investment.
Federation of Hoteliers in Romania Expects First Signs of Tourism Recovery in 2021
The first signs of a rebound in tourism industry will show this year, says Calin Ile, chairman of the hotel industry in Romania FIHR and he expects the sector to recover 25% of last year’s d...
Industry Decline Drives Owners to Put Hotels in Bucharest Up for Sale
Bucharest’s hotel industry has been badly hurt by the crisis and one thing that shows it is the 17 for sale ads for hotels, according to real estate classifieds website imobiliare.ro, one of...
Courtyard Hotel in Bucharest Ends 2020 with 25% of Forecast Occupancy Rate
Courtyard Bucharest Floreasca by Marriott Hotel, which opened in northern Bucharest in 2019, ended last year with a quarter of the occupancy rate owner Lithuania’s Apex Alliance had estimate...
Luxury Hotel Business Halves to RON57M in 2020
Revenue of the luxury hotels in Romania halved to 57 million lei due to the pandemic in 2020, market research company Euromonitor data show.
Lack of Holiday Parties Could Put Romania’s Hotel Industry Below 2008 Level
While many hotels and other accommodation facilities used to be booked for winter holidays already at this time of the year, the pandemic took people’s joy of spending Christmas and New Year...
Continental Hotels Thinking of Closing Up Shop After December 15
The eight hotels of the Continental Hotels chain may close as of December 15, says CEO and chairman Radu Enache. The decision comes amid a significant decline in the revenue of the hotel com...
Top 20 Hotel Companies Based in Bucharest Post RON1.1B Revenue in 2019
The top 20 hotel companies by revenue, which are based in Bucharest, posted 1.1 billion lei revenue in 2019, Trade Register Office data show.