Bucharest hotel market headed for rebound, outperforms other CEE capital cities in terms of RevPAR
Publicat:Of all Central and Eastern European capital cities, Bucharest saw last year the largest increase in the revenue per available hotel room (RevPAR), mainly due to the increase in the hotel occupancy rate, shows the Hotel Operator Beat Q4 2021 survey published by Cushman & Wakefield.
According to the cited source, this upward trend happened against the background of the relaxation of travel requirements and the rescheduling of several events from 2020 to 2021, specifically the European Football Championship, concerts and other sporting events. The market dynamics continues to raise…
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