Hotel investments in Romania are stagnating due to the pandemic and the lack of tourists. Hotels that were scheduled to be built or launched are now being postponed due to the absence of visitors.<\/p>\n\n\n\n
Radu Enache, CEO and President of Continental Hotels, intended to open a series of hotels in the coming years, including a unit in Cluj-Napoca, where he owns a 6,000 sqm plot of land. The new hotel would have had at least 150 rooms and would have cost EUR 15 million.<\/p>\n\n\n\n
\u201cGiven the external situation with the pandemic, I don\u2019t think we will be able to afford to develop more than one hotel every two years,\u201d stated Radu Enache.<\/p>\n\n\n\n
The Cristescu brothers, who own several hotels, the Faur industrial park, the Arsenal Park complex, and about 30 companies in various fields, invested EUR 10 million in an Ibis-branded hotel in Timisoara, the construction of which was completed this autumn. However, due to the weak tourist flow amid the pandemic, the hotel’s opening has now been postponed.<\/p>\n\n\n
The pandemic has caused a stagnation in investments and the postponement of new hotel launches due to the significant decline in tourist numbers.<\/p>\nWhat is the status of the Continental Hotels project in Cluj-Napoca?<\/strong>\n The planned 150-room hotel in Cluj-Napoca, representing a 15 million Euro investment, has been delayed as the group slows its expansion pace.<\/p>\nWhy was the opening of the Ibis hotel in Timisoara postponed?<\/strong>\n Despite construction being finished, the opening was delayed because of the low tourist flow resulting from the global health crisis.<\/p>","protected":false},"excerpt":{"rendered":" Hotel investments in Romania are stagnating due to the pandemic and the lack of tourists. Hotels that were scheduled to be built or launched are now being postponed due to the absence of visitors. Radu Enache, CEO and President of Continental Hotels, intended to open a series of hotels in the coming years, including a…<\/p>\n","protected":false},"author":0,"featured_media":69161,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2853],"tags":[3792,130],"thb-sponsors":[],"class_list":["post-118011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","tag-investment","tag-pandemie"],"article_style_override":"on","post-style":"style2","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/investitii-3.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/118011","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=118011"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/118011\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/69161"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=118011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=118011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=118011"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=118011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}