{"id":118119,"date":"2020-11-15T01:06:52","date_gmt":"2020-11-14T23:06:52","guid":{"rendered":"https:\/\/rhn.ro\/horeca-industry-eur-3-billion-losses-in-2020\/"},"modified":"2026-03-07T15:36:16","modified_gmt":"2026-03-07T13:36:16","slug":"horeca-industry-eur-3-billion-losses-in-2020","status":"publish","type":"post","link":"https:\/\/rhn.ro\/en\/horeca-industry-eur-3-billion-losses-in-2020\/","title":{"rendered":"HoReCa Industry: EUR 3 Billion Losses in 2020"},"content":{"rendered":"\n<p>The entire HoReCa industry in Romania had estimated revenues of EUR 5 billion last year, and this year it will record losses of approximately EUR 3 billion, of which EUR 1 billion represents losses for hoteliers alone, according to calculations by representatives of the Alliance For Tourism (APT).<\/p>\n\n\n\n<p>They state that the state aid promised by the government amounts to EUR 130 million, which is insufficient to compensate for losses more than 20 times higher.<\/p>\n\n\n\n<p>Dragos Anastasiu, spokesperson for APT, says that in order to continue, tourism requires a partnership with the state and urgent assistance from it.<\/p>\n\n\n\n<p>&#8220;Beyond proposals and promises of aid from the Government, nothing has happened yet. Restaurants are closed indoors, and we expect terraces to no longer be able to operate from mid-November. The hotel industry is currently operating at less than 10% capacity. We expect some hoteliers to close, at least temporarily,&#8221; Anastasiu stated.<\/p>\n\n\n\n<p>Calin Ile stated that approximately 70-80% of hotels have no reason to remain open in the coming months.<\/p>\n\n\n\n<p>Dragos Anastasiu believes that if support measures arrive next year, it will be too late for many companies, and only a portion of those currently operating will survive.<\/p>\n\n\n<h3>Frequently Asked Questions<\/h3>\n<strong>What are the estimated losses for the Romanian HoReCa sector in 2020?<\/strong>\n<p>The HoReCa industry is estimated to lose approximately EUR 3 billion in 2020, with EUR 1 billion attributed specifically to the hotel sector.<\/p>\n<strong>Is the promised state aid sufficient for the industry?<\/strong>\n<p>No, industry representatives state that the EUR 130 million in promised aid is insufficient to cover losses that are more than 20 times higher than the support offered.<\/p>\n<strong>What is the current operating capacity of hotels in Romania?<\/strong>\n<p>The hotel industry is currently operating at less than 10% capacity, and experts suggest that up to 80% of hotels have no economic reason to stay open in the near future.<\/p>","protected":false},"excerpt":{"rendered":"<p>The entire HoReCa industry in Romania had estimated revenues of EUR 5 billion last year, and this year it will record losses of approximately EUR 3 billion, of which EUR 1 billion represents losses for hoteliers alone, according to calculations by representatives of the Alliance For Tourism (APT). They state that the state aid promised&hellip;<\/p>\n","protected":false},"author":0,"featured_media":69149,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2859],"tags":[3196,130],"thb-sponsors":[],"class_list":["post-118119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stirea-editiei-en","tag-horeca-en","tag-pandemie"],"article_style_override":"on","post-style":"style2","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2020\/02\/topstory.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/118119","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=118119"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/118119\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/69149"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=118119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=118119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=118119"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=118119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}