At the same time, hotels and pensions got net overall profit worth RON2 billion, with the profit margin of the market thus topping 18%, a very high level for an industry where costs are quite high.
Against 2022, the profit margin shrank.
The revenue increase also comes amid a rising number of tourists. Tourism posted growth last year against the pre-pandemic period in terms of tourists arrived in local accommodation units.
A large part of revenues on this market are registered by hotels. Moreover, the ten largest hotel companies by turnover had RON1.2 billion revenues in 2023, meaning almost 10% of the entire accommodation unit market.
(English version by Catalina Apostoiu)