Romanian hotel market had an accelerated recovery last year

Romania’s hospitality industry followed global growth trends in 2022 in terms of hotel occupancy, with arrivals in hotels countrywide reaching 84% of the pre-pandemic level, Colliers reports.

Bucharest and other major cities in the country performed better compared to the national average, particularly as both leisure and corporate business travel recovered significantly.

In Bucharest, 4 star hotels remained the most active segment in 2022, with an occupancy rate of 68% towards the end of the year and an average daily cost of 80 euro/night compared to 87 euro/night just before the pandemic.

Central locations in the Capital performed even better, with occupancy reaching 72% and the average daily cost surpassing 100 euro/night in the final months of 2022.

In terms of hotel construction and development plans, only a few major openings are expected in the next two years.

Among them are the currently under construction Swiss Hotel in the Expozitiei area, with 225 rooms distributed over 23 floors, the 30-suite Grand Hotel du Bulevard operated by luxury chain Corinthia.

SEE ALSO: Hotels in Romania record all-time low figures in 2020

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