Holiday vouchers may boost Romania’s hospitality industry to over EUR 3.2 bln

Romanian tourism will record its best results in over a decade this year and the hospitality sector will be boosted by the holiday vouchers distributed to public sector employees, according to Romania-Insider.com.

The total turnover of the companies in the hotels, restaurants and cafes (HoReCa) sector will go over RON 15 billion (EUR 3.2 billion) this year, according to local consultancy firm Frames.

The local hotel sector grew by 40% in the last five years, reaching a turnover of over RON 5.5 billion (EUR 1.2 billion) in 2017. This year, the business in this sector may reach RON 5.8 billion.

Meanwhile, the restaurant sector may pass the RON 10 billion (EUR 2.15 billion) mark this year, more than double compared to five years ago, due to higher domestic consumption.

Read more HERE

Comments

comments