The Romanian hotel market is led by hotels that have at least one unit in Bucharest, such as ANA Hotels, Societatea Companiilor Hoteliere Grand, which manages the JW Marriott hotel, Continental Hotels, and Nemo Investment Vehicle, which controls the Radisson Blu hotel in the Capital.
The ranking of the largest companies owning hotels on the local market is as follows:
Bucharest is the main tourist destination in Romania, which is also reflected in the hotel market.
The first five companies in the ranking of the largest players own almost 10% of the hotel market, which last year had a value of over 7 billion RON, a record figure for the local market. The top five players in this market are also the only ones to have exceeded the 100 million RON revenue threshold.
The extended ranking, of the top ten companies in the hotel market, shows that the largest players had cumulative revenues of 1 billion RON in 2022, which was also the best year for the tourism market, surpassing 2019, previously considered the benchmark for this market.
At the same time, these companies also had a net profit of 88 million RON, compared to 2021, when these companies accumulated a total loss of over 60 million RON.
Frequently Asked Questions
Which companies lead the Romanian hotel market?
The market is dominated by players with Bucharest operations, notably ANA Hotels, JW Marriott (SCHG), Continental Hotels, and Radisson Blu (Nemo Investment Vehicle).
What was the total value of the Romanian hotel market in 2022?
The market reached a record-breaking value of over 7 billion RON, officially surpassing the previous 2019 benchmark.
How did the top 10 hotel companies perform financially in 2022?
The top 10 companies generated cumulative revenues of 1 billion RON and a net profit of 88 million RON, recovering from losses in 2021.