TOURISM
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European Commission Approves EUR500M Romanian Aid Scheme For SMEs In Tourism, Accommodation, Services
The European Commission on Thursday said it has approved a Romanian scheme worth EUR500 million (nearly RON2.437 billion) aimed at supporting small- and medium-sized enterprises (SMEs) opera...
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...
Romanians Spent 70% Less on Vacations Abroad in 2Q/2020
Romanians spent just EUR328 million on vacations abroad in April-June this year, 70% less compared with EUR1.2 billion, under the impact of the coronavirus pandemic on the travel industry.
Colliers: Recognized Brand Hotels Could Return to 50-60% Occupancy in Autumn
The hotel market could return to an occupancy rate of 50-60% for hotels operated by recognized brands towards the end of the year, in a scenario in which the epidemiological context remains...
Simona Constantinescu, ANA Hotels: Rebound in Tourism Industry to Be Gradual, Take at Least a Year
Tourism companies will have to optimize working capital to the business volume that will be growing gradually, as well as properly decide on the size of their teams and costs, to be able to...
Tourism Federation Says Unemployment in Hotels and Restaurants Hits 60%
The unemployment rate in hotels and restaurants in Romania has already reached 60% and will soon climb to 90%, the Romanian federation of tourism employers said Tuesday, adding the situation...
Tourism Employers Call for Legislation Change to Protect Seasonal Workers
Romania's employers association in the tourism sector calls for quick legislation changes to allow employees of seasonal business to benefit from unemployment aid, as the industry was hard h...
Cocktail Holidays Sales Grow 40% in 2019, to EUR25M
Travel agency Cocktail Holidays, owned by the Goicea family, had sales of EUR25 million in 2019, up 40% on the year, and expects 45% growth in 2020.