HOTELS
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THR Marea Neagra Sells Hotels And Restaurants In Saturn And Venus Seaside Resorts For EUR14.6M
Turism, Hoteluri, Restaurante (THR) Marea Neagra SA (stock symbol: EFO), which manages several hotels on the Romanian Black Sea coast, has announced the completion of the process of capitalizing on several assets in the Saturn and Venus seaside resorts.
Bucharest Set to Add Ten 4 and 5-Star Hotels in Next Two Years
The Bucharest hotel market will add ten new four and five-star hotels in the next two years.
THR Marea Neagra Greenlights Sale Of Hotel Assets For EUR14.6M
The Board of Directors of Turism, Hoteluri, Restaurante Marea Neagra SA (stock symbol: EFO), which manages several hotels on the Romanian Black Sea coast, on April 30 approved the capitaliza...
Five 4 and 5-Star Hotels Set to Open in Romania in 2026, another 32 Planned for Coming Years
In 2026, the local hotel market will add five 4 and 5-star hotels, showing major international hotel groups are betting on the premium segment.
Constructii Erbasu Aims to Build Hotels in Eight Cities of Romania
Constructii Erbasu group, controlled by Erbasu family, plans to develop hotels in eight cities of Romania, including Bucharest, Oradea and Timisoara, as tourism will be one of the fields tha...
Romania Hotels Boast Region’s Highest Occupancy Rate
While Romania’s infrastructure is less developed compared with other countries’ and the country has fewer tourists, the hotel business here proves to be quite solid.
Paval Holding Looks to Invest on Local Hotel Market
After acquiring two hotels abroad, more exactly Grand Hotel Gardone of Italy and Waldhaus Flims Wellness Resort of Switzerland, Paval Holding is also looking at the local market to invest in...
Romania Hotels and Pensions Rake In Record High RON10.8B Revenues in 2023, RON2B Profit
Local accommodation units, mainly made up of hotels and pensions, registered total revenues worth RON10.8 billion in 2023, a record high for the owners on the market, in line with Trade Regi...
Romania Hotels and Pensions Accommodated 5.7 Million Tourists in H1/2024, Just 3% More Vs H1/2023
Local accommodation units welcomed 5.7 million tourists in the first half months of 2024, meaning an increase of just 3% from the year-earlier period, in line with data provided by Romania s...