06.01.2020

Tourism companies will have to optimize working capital to the business volume that will be growing gradually, as well as properly decide on the size of their teams and costs, to be able to cope for a more

04.07.2020

The unemployment rate in hotels and restaurants in Romania has already reached 60% and will soon climb to 90%, the Romanian federation of tourism employers said Tuesday, adding the situation of over more

04.02.2020

Romania's employers association in the tourism sector calls for quick legislation changes to allow employees of seasonal business to benefit from unemployment aid, as the industry was hard hit by the more

02.17.2020

Travel agency Cocktail Holidays, owned by the Goicea family, had sales of EUR25 million in 2019, up 40% on the year, and expects 45% growth in 2020. more

01.31.2020

Entrepreneur Octavian Radu who owns several businesses, among which bookstore chain Diverta and mailing company Pink Post, has bought the majority stake (51%) in a five star hotel and restaurant in more

12.19.2019

The tourism market keeps getting bubblier and bubblier, following the entry of Germany’s Dertour, which bought the travel division of Eurolines, the owners of Christian Tour will be operating the more

10.31.2019

Dertour, the travel division of Germany’s Rewe group, took over Travel Brands, the company that handles the tour operator, business travel and incoming operations of Romanian Eurolines group this more

07.19.2019

Romanian tour operator Eurolines, owned by Dragos Anastasiu, will sell its tourism operations to DER Touristik Group, part of German group Rewe. more

01.14.2019

Romania's antitrust authority has fined 13 travel agencies and the country's national tourism association ANAT a total of EUR2.45 million for acting concertedly to keep vacation prices high. more

11.16.2018

Businessman Dragos Anastasiu, owner of Eurolines Group, is developing a new tour operator, TravelBrands, and targets 40 offices in the next two years. more

10.11.2018

The public corporation managing Romania’s forests, Romsilva, operates more than 100 forest lodges, which generated 2.5 million lei (EUR536,000) revenue in 2017, its officials said. more

10.04.2018

Romanian Prime Minister Viorica Dancila announced on Thursday that the Government will set a 5% value added tax rate for accommodation, restaurant services and theme parks, ensuring that the country more

08.02.2018

Romania’s Government has passed an emergency decree on Thursday for providing 100% guarantees in the case of travel packages sold by tourism operators, transposing into law an EU directive on the more

06.13.2018

Over one million vacation vouchers were issued in January-April 2018, totaling EUR12.5 million, triple compared with the same period last year and nearly nine times higher than in the same period in more

03.06.2018

The hotel capacity in capital city Bucharest is seen rising by at least 10% in the next three years, considering the hotel projects planned or under construction, with new hotels to be developed in more

01.08.2018

Eximtur, specialized in business travel, event planning and leisure travel, said it registered sales of over EUR55 million in 2017, up nearly 15% against the previous year. more

08.01.2017

Retailer Selgros Cash&Carry Romania announced it is launching a Selgros Travel, a tourism package platform operated in partnership with TUI TravelCenter. more

05.18.2017

Romanians will not return to their home country only through wage raises or certain advantages, and the government ought to get more involved in long-term projects, Tal Lahav, CEO of operating leasing more

03.02.2017

ANA Hotels, the operator of the all tourism businesses of entrepreneur George Copos, ended 2016 with EUR31.5 million revenue, an increase of 9.6% on 2015, which makes it the biggest hotel company in more

12.15.2016

Dragos Anastasiu, founder of Eurolines Romania Group, said on Thursday that he was in talks with representatives of TUI Germany (Eurolines Romania is TUI Travel PLC representative locally) to include more

12.08.2016

Ziarul Financiar’s year-in-review series continues in the tourism industry, which saw two travel agencies go insolvent, the low-cost airlines expanding into domestic routes, the firing of the more

09.11.2016

Romanians spent EUR852 million on trips abroad in January-June 2016, versus EUR856 million in the year-earlier period, according to central bank data. more

08.29.2016

Romania welcomed 2.2 million foreign tourists last year, five times fewer than the Czech Republic and almost eight times fewer than Poland, according to the latest World Tourism Organization report. more

07.25.2016

Romanian travel agency Eximtur, held by the Morariu Family, registered a 18% increase in turnover on the year in the first six months of 2016, to EUR27.5 million. more

06.10.2016

This year could be the best of the last ten years for the Romanian tourism sector; the turnover of travel agencies and tour operators is expected to exceed RON4.5 billion in 2016, for the first time, more