“Bucharest is already internationally renowned as being a very expensive city. Perhaps the crisis will change this impression, and hotels already present on the market will lower their prices. If we compare last season with the current one, it is becomes clear that this season’s tariffs are lower,” said Yildirimlar.
Five-star hotels and the hotel market in Bucharest, in general, had its weakest month of January in the past few years, as the average occupancy rate on the premium and luxury segments dropped to 50 percent, after two years of significant increases in the business of all players on this market.
Yildirimlar said that, “in an ideal situation,” the hotel’s turnover in 2009 will be made up in a proportion of 65-70 percent of corporate – business travel, team-building, and press conferences, and the remainder by leisure – holidays.
The five-star hotel market is divided between eight players: Radisson SAS, JW Marriott, InterContinental, Athenee Palace Hilton, Howard Johnson Grand Plaza, Crowne Plaza, Casa Capsa, and Carol Parc.
