Hospitality industry 2020 numbers: 35 pct plunge in turnover, 19 pct fall in headcount
Publicat:The turnover of the hospitality industry plunged 35 percent in 2020 from 27.5 billion lei in 2019 to 17.9 billion lei as a result of the pandemic, shows a survey by the Termene.ro platform based on the financial statements reported by Romanian companies.
The headcount in the hotel and restaurant industry dropped 19 percent in 2020 from 186,000 to 150,000 and the cumulative net losses in the industry surged by 220 percent in 2020 to 2.3 billion lei, compared to 710 million lei in 2019.
According to the survey, the net profit registered by hospitality companies that are above the…
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