The events industry alone, hard hit by the pandemic, declined 38% in 2020. At the same time, the number of employees in hotels and restaurants dropped 19%, to 150,000 in 2020 from 186,000 at the end of 2019.
Companies in the industry that turned a profit in 2020 had a total of RON2.49 billion, down 46% compared with the previous year.
The hospitality industry recorded the biggest growth in net losses in 2020, of 220%, followed by the events industry where losses widened by 169% in 2020, and the information and communications sector, where losses grew 81%, according to the Termene report.