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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
The Sheraton Hotel is classified as 5 stars and has a conference center with 11 rooms.<\/p>\n\n\n
The hotel’s turnover dropped to 12 million RON in 2020, an 80% decrease compared to the 61 million RON recorded in 2019.<\/p>\nWhat caused the significant financial decline?<\/strong>\n The decline was driven by the lack of domestic and foreign tourists, the cancellation of corporate events, and restaurant closures.<\/p>\nWhat are the main features of the Sheraton Hotel in Bucharest?<\/strong>\n It is a 5-star hotel featuring a comprehensive conference center with 11 dedicated meeting rooms.<\/p>","protected":false},"excerpt":{"rendered":" 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,…<\/p>\n","protected":false},"author":0,"featured_media":87722,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2852],"tags":[429],"thb-sponsors":[],"class_list":["post-117587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotels-restaurants","tag-sheraton"],"article_style_override":"on","post-style":"style2","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/hotelieri-2.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/117587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=117587"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/117587\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/87722"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=117587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=117587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=117587"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=117587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}