Romania's hotel sector has continued to recover, with sustained growth in leisure tourism, shows a Colliers analysis published Tuesday.The number of Romanian tourists staying in Romania's hotel establishments reached nearly 7 million in 2023, very close to record levels and above the average of the pre-pandemic years, Colliers said.However, in the summer of 2023, air passenger traffic levels surpassed those of 2019, setting new records both in Bucharest and other major cities in the country.Colliers consultants point out, however, that the recovery of international tourism in Romania has not been as rapid as that of domestic tourism, with the number of foreign tourists arriving in the country remaining about 25% below the pre-pandemic level.At the same time, there has been a significant increase in the number and variety of hotel brands seeking to enter the local market, from luxury to more affordable ones.According to the source, in Bucharest, four and five-star hotels remained the most active segment in 2023. Thus, the average daily revenue per available room (ADR) increased by 15% -20% throughout the year, in addition to the 57% increase recorded in 2022, up to 126 euro/room/night in central areas and 82 euro/room/night in the north of Bucharest. Occupancy rates in competitive hotels in the capital have also increased by around 10% in the summer months, but in annual terms remain slightly below pre-pandemic levels."Even without taking into account economic uncertainties, local hotels are facing increasing obstacles, from labour shortages (more than 10% of employees in Bucharest's central hotels are from abroad, especially South Asia) to significant changes in operating costs, such as those in 2022 amid rising energy prices. But, in general, the long-term future looks promising, which explains the surge in new projects," according to the research.
More than 680 houses in Suceava country and 170 houses in Neamţ county were impacted in the flash floods that hit northeastern Romania at the end of last week. Forty-one houses were completely destroyed, Raed Arafat, the head of the Department for Emergency Situations (DSU), announced on Friday, August 1. Three people were killed in […]
Romanian justice minister Radu Marinescu said on Thursday, July 31, that harsher penalties are being considered for violence against women and domestic violence, including the criminalization of femicide. The minister said that Romania currently has legislation that is fairly adequate, in line with European standards, for combating violence, including domestic violence. He also said that […]
Via Transilvanica, the long-distance trail that crosses the country, will apply to be the first accredited long-distance route in Romania after the government issued the methodological norms regulating the hiking trails of national interest. Tășuleasa Social, the non-profit that developed the trail, called the recently issued norms "a huge step that transforms a bold idea into...
Former prime minister and Social Democratic leader Marcel Ciolacu stated that he does not rule out a candidacy for the presidency of the Buzău County Council, after rumors to that end. PSD Buzău president Romeo Lungu had previously told journalists that discussions are underway for the former prime minister to run for the Buzău County […]
The Balneo-Physiotherapy Clinic in the Călimănești resort town, southern Romania, will undergo rehabilitation with a EUR 10 million financing from the European Union, according to representatives of the Vâlcea County Council. The project implementation period will be 24 months from the completion of the tender for the execution of the works, which include, in addition […]
Bringo, the first personal shopper-based rapid grocery delivery service in Romania, handling over 4,000 daily orders in more than 35 cities, launches a loyalty program that turns shopping into a continuous reward experience. "Beyond functional benefits like discounts, free delivery, or double refunds for SGR packaging collected right at your doorstep, Bringo YOU offers a […]
