Bucharest. Having benefitted from predominantly business-driven demand in the past, the city at the Dâmbovița river is currently establishing itself as a popular tourist destination. The analysis of specialist business property adviser Christie & Co shows a positive growth trend both in supply and demand, resulting in a continuously improving performance of Bucharest’s hotel market.
Bucharest is Romania’s cultural and political centre, as well as economical and financial driving force, currently contributing approximately 30% to the country’s GDP. Hotel demand predominantly stems from business travel which is linked to the activity of the governmental institutions and the increasing number of international employers in the city. With close to 2.0 million guests who generated more than 3.1 million overnights, Bucharest was able to register an unprecedented record in hotel demand, with a share of around 60% originating from international guests. Since the economic crisis in 2009, Bu…
Bucharest is Romania’s cultural and political centre, as well as economical and financial driving force, currently contributing approximately 30% to the country’s GDP. Hotel demand predominantly stems from business travel which is linked to the activity of the governmental institutions and the increasing number of international employers in the city. With close to 2.0 million guests who generated more than 3.1 million overnights, Bucharest was able to register an unprecedented record in hotel demand, with a share of around 60% originating from international guests. Since the economic crisis in 2009, Bu…