05.02.2022

Hotel company Tusnad, which manages two accommodation units in Tusnad resort, doubled its revenues last year, to around RON11 million, from RON5 million in 2020. more

04.28.2022

Lithuania’s Apex Alliance group, controlled by several Lithuanian entrepreneurs, owning five hotels in Romania, posted 20-25% higher turnover in February and March along the entire chain from the more

03.16.2022

Octavian Lazar, a stakeholder in hotel complex Caro Hotels of northern Bucharest, says the company needs workforce as it hasn’t prepared for the current demand increase and it will bring 15 more

03.14.2022

Hotel chain Bacolux, controlled by brothers Marius and Razvan Bazavan, including Diana and Afrodita hotels of Baile Herculane, ended 2021 with 28% higher turnover and for 2022 expects a bigger more

02.01.2022

Almost 500 rooms in hotels set to operate under international brands will be delivered on the market this year in Brasov, Cluj-Napoca and Timisoara in the wake of total investments put at over EUR50 more

01.12.2022

Laura Ursu, general manager of Ana Hotels Poiana Brasov, says the company wants to reach 85% of 2019 turnover in 2022. more

12.23.2021

Calin Ilie, head of the Romanian Hospitality Industry Federation (FIHR), says the hotel sector will end this year with a decline of just 30% against 2019, when it reported a turnover of RON6.5 more

12.22.2021

Hotel chain Continental Hotels, controlled by Radu Enache, invested EUR7 million this year to refurbish four hotels and in 2022 is set to complete investments in the 3-star hotel of Bucharest and more

12.20.2021

Alpin 2003, managing hotel complex Alpin Resort Hotel, controlled by businessman Claudiu Aron, one of the biggest tourism players in Poiana Brasov resort, is set to post around 15% higher turnover more

12.15.2021

Hotel complex Parc Hotels, including four-star units Ramada Parc and Ramada Plaza of northern Bucharest, will end 2021 with 10% higher turnover, according to the company’s officials. more

12.08.2021

The Rina Tirol and Rina Vista hotels in Poiana Brasov Mountain resort, closed almost six years ago, were sold by the judicial liquidator for over EUR4 million and the new owners target investments to more

11.26.2021

The owners of Briza Marii Negre, one of the biggest travel companies on the Romanian seaside, which operates MirageMedSpa hotel of Eforie Nord, as well as four restaurants, have built a second hotel more

11.22.2021

Ensana Health Spa Hotels, which owns three hotels in Sovata resort of Mures county, wants to reach accommodation capacity of almost 1,000 beds in the next 3-5 years, with investments amounting to more

11.17.2021

Romania’s hotel industry is in full swing and by 2024 another 15 hotels are due to be opened, with a total number of 2,000 rooms, reveals a ZF analysis based on a report by STR hospitality industry more

11.16.2021

Hilton Garden Inn hotel located in Bucharest’s old town, controlled by Lithuania’s Apex, expects turnover to reach EUR3 million this year, from EUR2 million in 2020, according to the company’s more

11.15.2021

Andrei Rusu, operating manager of Sovata-based Ensana Health Spa Hotels, says the chain is set to reach turnover worth RON47 million. more

11.08.2021

Turism Covasna (TUAA.RO), a company managing Covasna, Cerbul and Caprioara hotels of Covasna, ended the third quarter of 2021 with turnover worth RON11.54 million, up 92.2% from the year-earlier more

11.01.2021

The company that manages Bucharest’s Caro hotel complex registered turnover worth RON10 million and losses of RON2.5 million in 2020, against RON35.5 million turnover and RON9.7 million profit in more

09.23.2021

Bega Turism, the biggest tourism company in Timis county, controlled by Cristescu brothers, plans to invest EUR8 million in a new hotel in Timisoara, according to the company’s officials. more

09.21.2021

Lithuanian-held Apex Alliance group, which owns five hotels in Romania, forecasts an occupancy rate of at least 60% by yearend for Marmorosch hotel of Bucharest’s old town, as the best more

09.16.2021

Virgil Harabagiu, owner of Perla Bucegi of Sinaia, who also holds 30 hectares of vineyard in Dealu Mare, plans to develop a touristic complex made up of villas, as well as a restaurant on the wine more

08.26.2021

Despite the steepest crisis the hospitality industry is coping with, investors’ interest has not dwindled as they are betting on projects worth tens of million euros in this field. more

08.25.2021

Garden Inn Bucharest Airport Hotel, controlled by Lithuania’s Apex Alliance, in July posted a 70% occupancy rate, with demand on an upward trend in recent months. more

08.10.2021

Phoenicia hotel group, controlled by businessman Mohammad Murad, last year generated turnover worth RON95 million, 26% lower than in 2019, when the group’s turnover got close to RON130 million, more

08.09.2021

ibis Bucharest Politehnica hotel, developed by Ionut Cosmin Fleancu and Dan George Dobre, two Romanians jointly owning Novum Business Services company, has been officially opened, being part of the more