Tinu Sebesanu, Trend Hospitality: “The ones that continue to have no profit should sum up the loss and run for it!”
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.”
Tags: accomodation in bucharest, bucharest apartments, bucharest hotels, bucharest short term rental, hotel market, Tinu Sebesanu
