03.30.2015

The average occupancy rate of Bucharest hotels rose by 9.3% last year, to 63%, with the Romanian capital city boasting one of the biggest increases of this indicator among ten states of southeastern more

03.27.2015

Accor plans to buy several hotels in three key cities in Romania, a country the French see as interesting for investments also owing to the results of Renault’s Mioveni plant, says Laurent Picheral, more

03.26.2015

A hotel complex in seaside report Neptun-Olimp, a hotel in Arad (western Romania) and one in capital Bucharest are the most expensive tourist units put up for sale in Romania, according to real estate more

03.04.2015

Danubius Hotels, part of Hungarian group Danubius Hotels, reported a turnover of RON30.5 million in 2014 and estimates a 30% turnover increase this year, following the investments completed in 2014. more

02.11.2015

Considering the current structure of its hotel market, Romania has solid prospects for the development of hotels under international brands, says Gilles Clavie, chief executive officer of Poland’s more

01.30.2015

Alexandra Copos de Prada, daughter of businessman George Copos, who took over the reins of ANA Hotels company last year, says she expects revenue to rise by 9% this year against 2014, to EUR27.7 more

01.28.2015

The five-star Hilton hotel of Sibiu, the only five-star unit in this city, saw revenue rise by 10% last year, in line with the projected level, and expects a similar sales advance in 2015, according more

01.23.2015

The Caro Hotels complex on Barbu Vacarescu street, in northern Bucharest, ended 2014 with around 25% higher revenue, to 18.5 million lei (around EUR4 million), according to Octavian Lazar, the more

01.20.2015

Radu Enache, a stakeholder in Continental hotel chain, one of Romania’s biggest, says he expects the hotel business to register a 5% revenue advance this year. more

01.08.2015

Businessman Marius Cristescu, who controls, together with his brother, Emil Cristescu, Bega Turism company, the largest tourism company in Timis county, managing three hotels in this area, says he more

12.30.2014

Romania's antitrust authority has approved the deal whereby Cyprus-registered Tatika Investments, which owns the Ramada Parc and Ramada Plaza, takes over International Business Trading, owner of more

11.19.2014

Vitalis Consulting, founded and run since 2006 by construction engineer Florin Popa, has sealed its first contract abroad and has been involved since this summer in the construction of two hotels with more

10.02.2014

Hotels attracted 90% of the foreigners who got accommodation in touristic units in the first seven months of this year, namely 950,000 visitors from abroad, reveals a ZF survey based on National more

09.17.2014

The hotel companies controlled by SIF Transilvania (SIF3.RO) and traded on the Bucharest Stock Exchange in 2013 registered overall losses standing at 5 million lei (EUR1.13 million), ten times higher more

09.05.2014

Gregor Aufhauser, the general manager of Societatea Companiilor Hoteliere (SCH) Grand, which manages Bucharest’s five-star hotel JW Marriott, says he’s carrying out the project for the more

09.05.2014

Bucharest’s four-star hotel Howard Johnson, with a capacity of 285 rooms, ended the first six months of this year with 10% higher revenue against last year amid the rising demand for accommodation more

07.16.2014

Over 40 hotels and other accommodation units in Romanian seaside resorts are put up for sale at prices between EUR70,000 and EUR30 million, according to spatiicomerciale.ro, launched by imobiliare.ro more

06.19.2014

The hotel complex formed by Ramada Plaza and Ramada Parc, part of Parc Hotels group, completed investments of almost EUR4 million in an over 3,000-sqm wellness club in northern Bucharest. more

05.20.2014

Continental Hotels, one of the biggest hotel chains in Romania, stayed in line with the forecasts in the first three months, as its revenue went up 10%, the growth pace predicted for the entire year, more

05.14.2014

Bucharest’s Cismigiu hotel, a monument building of the city, opened in late 2012, ended the first three months of this year with an average occupancy rate of 56%, from the 38% reached in the same more

05.05.2014

The companies that own five-star hotels InterContinental and Radisson Blu of Bucharest, switched into the black in 2013 after having reported losses for the past five years (excepting 2011 in the case more

05.01.2014

Bucharest’s five-star hotel JW Marriott, the second largest luxury hotel by number of rooms, ended the first quarter of this year with flat revenue against the same period of 2013, according to the more

05.01.2014

Luxury hotels of Mamaia, Romania’s most popular seaside resort, will operate at full capacity during the May 1 holiday. The tariff of three-night stays at a five-star hotel starts from EUR300 for a more

04.10.2014

Poiana Alba Turism company, controlled by the stakeholders of bakery producer Farinsan Giurgiu, will start, in June, building a 5-star Ark hotel in Poiana Mica (at the Poiana Brasov entryway), in the more

04.03.2014

BRD is foreclosing on one of the largest hotels of Azuga, Cautis, and the starting price of the four-star unit stands at 12.8 million lei (EUR2.9 million). more