Romanian statistics

2010 - a year of great potential for HORECA sector

According to the latest report realized by IBC Focus, 42 new investments are announced for 2010 in the Romanian hospitality industry.

60% of the projects are already under construction:

As for the regions with the greatest number of hospitality investments this year, the central region will count for 10 new units, while in Bucharest only 3 investments are programmed for 2010.

More that 50% of the HORECA & Relaxation* projects recorded in the entire year of 2009 in the Investment Report are future projects (intention, designing stage or auction) – counting for 823 projects. Therefore this sector still represents great potential for the companies interested in this kind of investments.

*this segment includes projects like hotels and spas, pensions, pools, conference and exposition halls, coffee shops and restaurants, museums and theatres.

22 luxury hotels under construction in Romania

The luxury tourism segment was undeveloped until 2008 when investors were mostly oriented towards 3 stars hotels. In fact, by 2008 there were only sixteen 5-stars hotels in Romania and 99 4-stars hotel units. Since 2008, investors saw the potential this market offers and announced many 4 and 5 stars hotel projects, so that the highest growth rates were recorded by these 2 segments in 2008 compared to the previous year:

 

In 2009 economic crisis has affected hospitality sector in Romania, so that in January hotels take up in Bucharest was dropped to 33, 7%! Moreover, according to a study conducted by IBC Focus, at least 25% of the announced luxury projects are stopped based on lack of financing.

 

Still, at the moment there are 22 luxury hotels under construction, all included in the Luxury Hotels Report, conducted by IBC Focus.  According to the Report, there are other eighteen 4 and 5 stars units in the designing stage that will soon start construction works.

What weighs more in the Romanian consumer basket?

Source: Gandul

Leisure in Romania

For most of the Romanian people (70%) free time means staying home or managing the household, according to a GfK research study. The research was realized on 2.195 Romanians over 15 years old.

Source: Business Week