Grand Plaza Hotel, the company controlling the Sheraton hotel in Bucharest, recorded an 80% decrease in business in 2020, down to 12 million RON, compared to 61 million RON in 2019. The recorded losses amounted to 4 million RON.
Last year, the Sheraton hotel was affected by the lack of tourists, both Romanians and foreigners, as well as the lack of corporate events, which held a significant share of total revenues. Additionally, the partial or total closure of restaurants last year also affected the hotel in the capital.
The Sheraton Hotel is classified as 5 stars and has a conference center with 11 rooms.
Frequently Asked Questions
What was Sheraton Bucharest’s turnover in 2020?The hotel’s turnover dropped to 12 million RON in 2020, an 80% decrease compared to the 61 million RON recorded in 2019.
What caused the significant financial decline?The decline was driven by the lack of domestic and foreign tourists, the cancellation of corporate events, and restaurant closures.
What are the main features of the Sheraton Hotel in Bucharest?It is a 5-star hotel featuring a comprehensive conference center with 11 dedicated meeting rooms.