Romanian hotel market: number of operational hotels to increase by ten percent in 2019

At the national level, 2018 experienced an increase both in the accommodation capacity and in terms of the number of accommodated tourists, the accommodation capacity being 1.6 percent higher than in 2017 while the number of tourists increased by 6.7 percent compared to the previous year, according to Crosspoint real estate.

A press release issued by the Ministry of Tourism shows that foreign tourists spent over 1 billion Euro last year in Romania. The estimated turnover for the hotel industry for 2018 is around 1.2 billion Euro.

For 2019-2020, Crosspoint expects a ten percent increase in the number of operational hotels in Romania, from 1,633 to 1,800.

“Among the most important deliveries for this period we can mention the Courtyard and Autograph Collection hotels owned by Marriott International in Bucharest, a series of ibis hotels in Bucharest and Timisoara or the extension of the Mercure brand in cities such as Timisoara, Sibiu and Brasov,” report shows. “There is also a trend to refurbish, upgrade and re-introduce old hotels into the touristic circuit, hotels that have a rich history and a particular architecture. An example is the opening of the Lido Hotel in January this year, an emblematic building of Bucharest in the 1930s.”