HOTELS
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Bucharest Hotel Occupancy Rate Rises To 63% In 2014
The average occupancy rate of Bucharest hotels rose by 9.3% last year, to 63%, with the Romanian capital city boasting one of the biggest increases of this indicator among ten states of sout...
Accor: In Paris, Romania Is Seen As An El Dorado
Accor plans to buy several hotels in three key cities in Romania, a country the French see as interesting for investments also owing to the results of Renault’s Mioveni plant, says Laurent P...
Top Ten Hotels In Romania Up For Sale For A Total EUR120M, Study Shows
A hotel complex in seaside report Neptun-Olimp, a hotel in Arad (western Romania) and one in capital Bucharest are the most expensive tourist units put up for sale in Romania, according to r...
Polish Hotel Group Orbis Set To Develop Strong Network In Romania
Considering the current structure of its hotel market, Romania has solid prospects for the development of hotels under international brands, says Gilles Clavie, chief executive officer of Po...
Hilton Sibiu Hits Sales Target; Expects 8-10% Higher Revenue In 2015
The five-star Hilton hotel of Sibiu, the only five-star unit in this city, saw revenue rise by 10% last year, in line with the projected level, and expects a similar sales advance in 2015, a...
Continental Hotels Set To Increase Revenue By 5% In 2015
Radu Enache, a stakeholder in Continental hotel chain, one of Romania’s biggest, says he expects the hotel business to register a 5% revenue advance this year.
Bega Turism Targets 20% Higher Revenue In 2015; Set To Open Spa Center In Timisoara Hotel
Businessman Marius Cristescu, who controls, together with his brother, Emil Cristescu, Bega Turism company, the largest tourism company in Timis county, managing three hotels in this area, s...
Owner Of Ramada Parc And Ramada Plaza Adds Howard Johnson To Portfolio
Romania's antitrust authority has approved the deal whereby Cyprus-registered Tatika Investments, which owns the Ramada Parc and Ramada Plaza, takes over International Business Trading, owne...
Romanian Vitalis Consulting Involved In Construction Of Two Hotels In London
Vitalis Consulting, founded and run since 2006 by construction engineer Florin Popa, has sealed its first contract abroad and has been involved since this summer in the construction of two h...