Romania's hospitality industry could face losses of one billion euros in 2020
Publicat:The estimated losses in Romania's hospitality industry this year will approach one billion euros, Calin Ile, chairman of the Federation of the Romanian Hospitality Industry (FIHR) told a news conference on Monday.
"In the local hospitality industry, in March and April, about 6 million overnight stays were lost, which is the equivalent of about 240-million-euro losses. Our estimates for this year are losses of 60-65% over the last year. As we know that last year the turnover was 1.4 billion euros, we realise that this year the losses will exceed 900 million euros, so in the hospitality…
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