Golden Tulip Times: hotels must avoid price war
April 2009 - From the Print Edition
With hotel occupancy rates dropping by one fifth, hotels must not be tempted into cutting their prices too far, as this could debase the entire sector, argues general manager of four-star Golden Tulip Times Hotel, Costina Gandac.
Occupancy rates in her Bucharest hotel dropped by up to 18 per cent in January and February 2009 against the same period of 2008. Gandac says this fall was triggered by foreign companies’ decision to slash the number of their representatives’ trips abroad or the l...
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