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July 31, 2021

Romanian hotels 16 pc emptier & 19 pc less profitable than in 2008

The occupancy rate of Romanian hotels at the start of the year was 28 percent, compared to 35 percent in 2008, average fees have decreased by 15 percent, and profitability is down by over 19 percent, according to a study by FIHR (the Hotel Industry Federation of Romanian), Mediafax informs. “The five years of crisis have taken their toll on tourism, as the number of tourists has recorded only a slight increase of less than 10 percent despite over 1,000 new accommodation units,” the study shows. The number of hotels has gone from 1,111 units in 2008 to 1,400 units and the number of hostels has gone up from 46 to 178, all in addition to over 500 existing urban and rural inns. At the start of the year, 28 of the 1,400 hotels in Romania were rated five stars, 233 were rated four stars, 663 were rated three stars, 395 were rated two stars, and 75 were rated one star. Furthermore, 17 of the hotels were not classified. Accommodation capacity has grown between 2008 and 2012 from 294,210 vacancies to 301,109 vacancies. Hotel revenues have dropped by over 9 percent in the last five years and expenses have gone up by over 5 percent, according to the FIHR study conducted based on information provided by the National Institute of Statistics and hotel owners. In 2008, the total number of tourists coming to Romania was over 7.1 million, of which 5.65 million were Romanian and 1.46 million were foreigners. After five years of crisis, the number of tourists has gone up to 7.7 million, of which 6 million are Romanian and 1.6 million are foreigners.

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