The leader of the hotel companies in Bucharest and in Romania, Ana Hotels, posted RON166 million revenue. Ana Hotels operates the Athenee Palace Hilton and Crowne Plaza in Bucharest.
Continental Hotels, the second largest hotel company in the ranking, held but businessman Radu Enache, ended last year with RON142.6 million revenue and RON12.2 million profit. Continental group comprises 13 hotels, 12 operating under Continental, Hello Hotels and Ibis brands, with more than 1,850 rooms.
The hotel industry has seen its revenue growing a lot year by year with the rise in the number of tourists. Romania attracted more than 13 million tourists in 2019, about 2.6 million of which incoming. The pandemic, however, upset the plans of the major hotel companies, forcing them to halt operations during lockdown.
Third largest hotel company in Bucharest is Societatea Companiilor Hoteliere Grand, which posted RON138 million revenue in 2019. It manages the five-star JW Marriott Hotel in Bucharest and The Grand Avenue shopping gallery. Th operator of the five-star hotel made RON900,000 profit last year.
Bucharest has the most developed hotel infrastructure in the country, with an accommodation capacity of over 11,000 people in hotels, half of which rated four stars. It also has the most five-star hotels, 10.
(English version by Loredana Fratila-Cristescu)