Revenue recorded in the hotel industry in Romania 2019, by type of accommodation

In 2019, hotels and similar tourist accommodation establishments recorded a turnover worth nearly 6.5 million Romanian lei. However, caravan parks, campsites, and camps had a turnover of only 34 thousand Romanian lei. Because of the coronavirus (COVID-19) outbreak in 2020 the total revenue of the hotel segment in Romania dropped by approximately 40 percent, totaling only 514.2 million US dollars.

Luxury hotel market

In 2019, there were over one thousand 4-star hotels and approximately 136 5-star hotels. The market value of luxury hotels peaked in 2019 at around 114 million Romanian lei, and subsequently dropped to 57.3 million Romanian lei in 2020 because of the coronavirus pandemic. Nevertheless, in 2019, the most profitable hotel companies in Bucharest were the luxury hotel chains Accor Hotels Romania and Ana Hotels, totaling a net profit worth 60 and 37 million Romanian lei, respectively.

Hotel transaction values

According to a study conducted by Cushman & Wakefield, the total hotel transaction value in 2019 was worth 57.8 million euros. This value was almost three times higher than the transaction value recorded in 2018. However, the biggest hotel transaction over the last three years remains that of the Radisson Blu Hotel in Bucharest. The deal was closed in December 2017 and amounted to nearly 170 million euros.