07.01.2022

Avincis wine maker of Dragasani vineyard area saw tourism reach a 30% weight in total turnover in 2021. more

03.04.2022

Hotel company Turism Felix, owner of Baile Felix resort tourism compound, for 2021 reported RON82 million turnover, up 54% on the year. more

02.21.2022

2022 started with a positive signal for the hotel sector, with 277 accommodation unit construction sites being already underway by February 14, in line with data provided by IBC Focus, which operates more

01.24.2022

Romania’s tourism sector in 2021 generated revenues worth $1.1 billion, with the biggest receipts recorded by operators that sold holiday packages, namely travel agencies, and by hotel owners, in more

01.13.2022

Businessman Mohammad Murad, the owner of Phoenicia Hotels and one of the largest hoteliers in Romania, envisages investments of tens of millions of euros in tourism in 2022. more

01.07.2022

Romania’s tourism in January-November 2021 lost around 4 million tourists compared with the same months of 2019. more

12.30.2021

Winemaker Davino of Dealu Mare, known for operating on the premium segment of the market, is to list some wines in major retail chains, having already signed contracts with two major players, with more

12.20.2021

Foreign tourists who came on holiday in Romania in January-October 2021 spent around EUR2 billion, in line with data provided by the National Bank of Romania. more

12.20.2021

Alpin 2003, managing hotel complex Alpin Resort Hotel, controlled by businessman Claudiu Aron, one of the biggest tourism players in Poiana Brasov resort, is set to post around 15% higher turnover more

11.26.2021

The owners of Briza Marii Negre, one of the biggest travel companies on the Romanian seaside, which operates MirageMedSpa hotel of Eforie Nord, as well as four restaurants, have built a second hotel more

10.26.2021

Continental Hotels chain, one of the largest in Romania, with almost 2,000 rooms, has operated at a 49% average occupancy rate so far, compared with 72% in 2019, its best year ever, the chain’s more

09.16.2021

Virgil Harabagiu, owner of Perla Bucegi of Sinaia, who also holds 30 hectares of vineyard in Dealu Mare, plans to develop a touristic complex made up of villas, as well as a restaurant on the wine more

08.05.2021

One in ten tourism employees left the industry in 2020, so that the domestic hospitality market had just 165,000 workers last year, in line with ZF calculations based on Trade Registry data. more

04.15.2021

The European Commission on Thursday said it has approved a Romanian scheme worth EUR500 million (nearly RON2.437 billion) aimed at supporting small- and medium-sized enterprises (SMEs) operating in more

03.25.2021

Apulum Turism is developing an event center and a five-star hotel in Cluj-Napoca in a EUR10 million investment. more

03.02.2021

The first signs of a rebound in tourism industry will show this year, says Calin Ile, chairman of the hotel industry in Romania FIHR and he expects the sector to recover 25% of last year’s decline. more

08.13.2020

Romanians spent just EUR328 million on vacations abroad in April-June this year, 70% less compared with EUR1.2 billion, under the impact of the coronavirus pandemic on the travel industry. more

06.16.2020

The hotel market could return to an occupancy rate of 50-60% for hotels operated by recognized brands towards the end of the year, in a scenario in which the epidemiological context remains stable or more

06.01.2020

Tourism companies will have to optimize working capital to the business volume that will be growing gradually, as well as properly decide on the size of their teams and costs, to be able to cope for a more

04.07.2020

The unemployment rate in hotels and restaurants in Romania has already reached 60% and will soon climb to 90%, the Romanian federation of tourism employers said Tuesday, adding the situation of over more

04.02.2020

Romania's employers association in the tourism sector calls for quick legislation changes to allow employees of seasonal business to benefit from unemployment aid, as the industry was hard hit by the more

02.17.2020

Travel agency Cocktail Holidays, owned by the Goicea family, had sales of EUR25 million in 2019, up 40% on the year, and expects 45% growth in 2020. more

01.31.2020

Entrepreneur Octavian Radu who owns several businesses, among which bookstore chain Diverta and mailing company Pink Post, has bought the majority stake (51%) in a five star hotel and restaurant in more

12.19.2019

The tourism market keeps getting bubblier and bubblier, following the entry of Germany’s Dertour, which bought the travel division of Eurolines, the owners of Christian Tour will be operating the more

10.31.2019

Dertour, the travel division of Germany’s Rewe group, took over Travel Brands, the company that handles the tour operator, business travel and incoming operations of Romanian Eurolines group this more