According to Mircea Draghicu, Project Manager at Fivestar Hospitality, the most dynamic cities in terms of investments are Bucharest, Timisoara, Arad, Cluj-Napoca and Brasov.
Radu Enache, owner of Continental Hotels, indicated that location is one of the main factors for an investment. “We have different cities for different brands,” added Enache, who will invest in at least ten Hello Hotels.
According to market players, investments in hotels are focused on 3 and 4-star segments. The WTTC report shows that investments in tourism could have a ratio of 7.5 percent in terms of total investments in the coming years, and the work force could make up 8.4 percent of total employees by 2018.
