Between 2013 and 2017, Bucharest hotels recorded the highest growth in the number of overnight stays in Central and Eastern Europe (CEE), exceeding 10% per year, the highest in the region.
In terms of dynamics, Bucharest surpasses the main CEE capitals, namely Vienna, Prague, Budapest, Warsaw, Bratislava, and Sofia, creating the foundation for sustainable development of accommodation capacity.
With 3.2 million overnight stays in 2017, Bucharest is still at a considerable distance from Prague (18 million overnight stays), Vienna (15 million), Budapest (10 million), and Warsaw (6 million), surpassing only Bratislava (2.7 million) and Sofia (2 million).
Average hotel rates in Bucharest during 2017 were 78.1 EUR/night, being higher than in Sofia (76.1 EUR/night), Warsaw (75.4 EUR/night), and Bratislava (63.6 EUR/night), but below the levels of Vienna (96.9 EUR/night), Prague (87.5 EUR/night), and Budapest (84.3 EUR/night), according to data from the research firm STR Global.
According to the study, hoteliers in Bucharest earned an average of 57.5 EUR/night in 2017, an increase of 6.4% compared to the previous year, an indicator (RevPAR) that continued to grow in the first half of this year by 4.7%, reaching 60.2 EUR/night.
In cities such as Warsaw, Bucharest, or Sofia, accommodation capacity will continue to grow in the coming years, with an average annual rate ranging between 3.9% (in Bucharest) and 8.5% in Warsaw.
In Bucharest, several hotels affiliated with international chains are scheduled to open in the coming years, including Courtyard by Marriott, Ibis Styles, Hotel Indigo, Corinthia, Moxy by Marriott, and Autograph Collection.
Source: Profit
Frequently Asked Questions
What was the growth rate of overnight stays in Bucharest?
Between 2013 and 2017, Bucharest recorded an annual growth of over 10% in overnight stays, the highest rate among Central and Eastern European capitals.
How do Bucharest hotel rates compare to other CEE cities?
At 78.1 EUR/night, Bucharest is more expensive than Sofia and Warsaw but remains more affordable than Vienna, Prague, and Budapest.
Which international hotel brands are expanding into Bucharest?
Upcoming openings include major brands such as Courtyard by Marriott, Ibis Styles, Hotel Indigo, Corinthia, Moxy, and Autograph Collection.