HOTELS
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Investors Betting Tens of Million Euros on Hotel Sector
Despite the steepest crisis the hospitality industry is coping with, investors’ interest has not dwindled as they are betting on projects worth tens of million euros in this field.
Garden Inn Bucharest Airport Hotel Hit 70% Occupancy Rate in July
Garden Inn Bucharest Airport Hotel, controlled by Lithuania’s Apex Alliance, in July posted a 70% occupancy rate, with demand on an upward trend in recent months.
Accor Group Set To Open Two Hotels Under Tribe And Adagio Brands In Bucharest In 2024
French hotel group Accor, which has 15 hotels in Romania, plans to open two hotels under the Tribe and Adagio brands, which will be located inside the same building, in Bucharest’s Basarad a...
Phoenicia Hotel Group, Controlled by Businessman Mohammad Murad, in 2020 Hit RON95M Turnover, Down 26%
Phoenicia hotel group, controlled by businessman Mohammad Murad, last year generated turnover worth RON95 million, 26% lower than in 2019, when the group’s turnover got close to RON130 milli...
ibis Bucharest Politehnica Hotel Officially Opens after Postponed 2020 Launch
ibis Bucharest Politehnica hotel, developed by Ionut Cosmin Fleancu and Dan George Dobre, two Romanians jointly owning Novum Business Services company, has been officially opened, being part...
Alexandrion Group Seeks To Extend Presence In Hospitality Industry By Acquiring Several Hotels
Alexandrion Group, the largest spirits producer in Romania by turnover, targets major investments in the hospitality industry, by acquiring several hotels in the next five years.
Compa Sibiu To Inaugurate Two Hotels In Sibiu, Under Mercure And ibis Styles Brands, In 2023
Romanian car parts manufacturer Compa Sibiu (CMP.RO) will be inaugurating two hotels in the city of Sibiu in 2023, on the site of the former Arsenal factory. The hotels will operate under th...
Hotels in Romania Record All-Time Lows as COVID-19 Restrictions Curtail Travel Demand
Hotels in Romania are recording all-time low results as the COVID-19 pandemic and related restrictions have curtailed demand from foreign travelers and job cuts in the industry may reach 38%...
Accor Seeks to Reach 50 Hotels in Romania by 2025
French hotel management group Accor, which has nine hotels in Romania, seeks to reach 50 hotels locally in the next five years.