OCCUPANCY RATE
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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.
Five-Star Marmorosch Hotel In Bucharest Expects At Least 10% Rise In Revenue In 2024
The five-star Marmorosch Bucharest hotel, owned by Lithuanian group Apex Alliance, had an average occupancy rate of 80% in the first half of 2024, higher than in the year-ago period, and exp...
Cismigiu Hotel H1/2024 Turnover Up 3% from H1/2023
Bucharest’s four-star hotel Cismigiu, controlled by Spain’s Hercesa, boosted its turnover by 3% in the first half of this year from the year-earlier period, in line with its budget.
Greenfield Plaza Shopping Center Reaches 89% Occupancy Rate
The Greenfield Plaza shopping center, developed by real estate developer Impact Developer & Contractor in the Greenfield Baneasa neighborhood, has reached an occupancy rate of 89%.
Bucharest Hotel Market Shows Signs of Recovery
The occupancy rate of Bucharest hotels stood at 62% in the first quarter of 2023, up 33% from the year-earlier period, and is just 5% below the 2019 level, placing Romania’s capital city sec...
International Hotel of Sinaia Expects 75%-80% Occupancy Rate in November
The four-star International hotel of Sinaia, one of the largest units in the mountains resort, with a 180-room capacity, in September and October operated at an average occupancy rate of 80%...
Marmorosch Bucharest, Autograph Collection Hotel Reaches Over 50% Average Occupancy Rate In 1st Year Of Activity
The Marmorosch Bucharest, Autograph Collection Hotel included in the portfolio of Lithuania’s Apex Alliance Group, recorded an average occupancy rate of over 50% in its first year of activit...
Marmorosch Bucharest Hotel Hits 80% Occupancy Rate in 1H/2022
Lithuania’s Apex Alliance group, controlled by several Lithuanian entrepreneurs, which owns five hotels in Romania, operated with an average 80% occupancy rate in the first half of this year...
5-Star Hotel Vega of Mamaia Ends 2021 with 9.4% Higher Turnover YOY
Five-star hotel Vega of Mamaia seaside resort, controlled by businessman Gabriel Comanescu, ended last year with turnover worth RON17.4 million (EUR3.6 million), up 9.4% year-on-year.