Wednesday, September 23rd, 2009
Tinu Sebesanu, the CEO from Trend Hospitality, says that obtaining profit is no longer the main objective in the hotelier industry, the most important aspect in the new economical context is maintaining the business above the float line.
“The first signs of the international situations were beginning to show, in Romania, in May 2008. Then we started seeing the decay in the number of people that spent a night at a hotel, especially in Bucharest, where if somebody sleeps at a hotel, it is usually a businessperson. As the number of the businesses decreased, the smaller the number of people sleeping in a hotel became. However, many saw that they still had a profit and they did not look ahead. Everybody was making a comparison with 2007, the best year that the hospitality business had ever had, a year that will not come again ten years from now.”
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Tags: accomodation in bucharest, bucharest apartments, bucharest hotels, bucharest short term rental, hotel market, Tinu Sebesanu
Posted in Interviews | 3 Comments »
Wednesday, September 9th, 2009
“ At least 5 chains of hotels will go bankrupt in the next six months “
say almost 40% from the managers of the tourism firms, according to a global study effectuated by the law firm, DLA Piper, cited by Newsin.
“80% from the questioned foresee at least one bankruptcy in the time that we are speaking.“
According to the DLA Piper study, “2009 Europe Hospitality Outlook Report”, the directors from the European hotelier market are not as optimistic as their American colleagues.
Only 39 % from the European executives are expecting the rehabilitation of the industry sector in 2010, compared to 59% in the United States. The majority of the European executives foresee the beginning of the rehabilitation to be in 2011.
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Tags: accomodation in bucharest, bucharest apartments, bucharest hotel, bucharest short term rental
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Friday, September 4th, 2009
The businessman Radu Enache who controls the hotelier chain Continental, with almost 2000 rooms and businesses of about 27 millions euro only last year, says that he has made a super crisis scenario that involves the immediate closure of a hotel once it becomes unprofitable.
“Four and five stars hotels from Bucharest became three stars hotels, according to the rates they practice. Marriott competes now with my hotel, the three star hotel Ibis Parliament. We lowered the rates at the beginning of the year, but we can’t go lower than our costs”
Said Enache, that charges at a three star hotel with an average of 60 Euros per room, discounts included.
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Tags: accomodation in bucharest, bucharest apartments, bucharest hotels, bucharest short term rental
Posted in Interviews | 3 Comments »