Turism, Hoteluri, Restaurante (THR) Marea Neagra, which operates 24 hotel units in the resorts of Eforie Nord, Eforie Sud, Neptun, Venus, and Saturn, recorded total operating revenues of 57.97 million RON in the first three quarters of this year, an increase of 19.75% compared to 48.41 million RON in the same period of 2018.
This performance was achieved in the context of the abundance of tourists on the Romanian seaside, encouraged by the holiday vouchers granted to public sector employees.
At the same time, total operating expenses increased by 13.75%, to 41.11 million RON, from 36.14 million RON.
As of September 30, THR Marea Neagra’s total assets amounted to 282.82 million RON, up 7.11% from 264.04 million RON on January 1. During the same period, total liabilities increased by 32.48%, to 30.71 million RON, from 23.18 million RON.
Source: Profit
Frequently Asked Questions
What was the revenue growth for THR Marea Neagra?
The company recorded a 19.75% increase in operating income, reaching 57.97 million RON in the first nine months of the year.
What factors contributed to this financial performance?
The growth was driven by the high volume of tourists on the Romanian coast, encouraged by holiday vouchers granted to public sector employees.
How many hotel units does the company operate?
THR Marea Neagra operates 24 hotel units across the resorts of Eforie Nord, Eforie Sud, Neptun, Venus, and Saturn.