“The accommodation segment is on the rise. The upward trend of demand generates a very high occupancy rate. Even in times we used to consider slow, we had very many days with 100% occupancy rate. We are positive this year will be the same. Last year and the beginning of this year came with significant increase in the occupancy rate (…),” Diana Golomoz, cluster director of sales of the hotel complex told ZF.
The complex on Calea Victoriei includes Radisson Blu and Park Inn hotels, 697 rooms in all, operated by Rezidor Hotel Group. It had 420 employees last year, according to the latest available data.
“We expect this year to be very good in terms of revenue.”
Radisson Blu is one of the biggest hotels on the five-star market in Bucharest, where rivals are JW Marriott, Athenee Palace Hilton, Intercontinental and Sheraton. Bucharest’s accommodation capacity in hotels is about 11,000 people, according to the latest data available.
The Radisson officials did not reveal the 2017 financial results, but the officially available data from the Finance Ministry show that Bucuresti Turism, the entity the Radisson Blu and Park Inn by Radisson hotels are registered to, posted 139 million lei (EUR30 million) revenue in 2016, up from the RON122 million in 2015. (EUR1=RON4.6538)
(English version by Loredana Fratila-Cristescu)