Last week Accor opened the Mercure Timisoara, the group’s first hotel in the western Romania city.
Foreign tourists spent more than €660 million euros in Romania in the first half of 2018, up 16% over 2017 y on y.
Europe’s hotel industry posted growth across the three key performance metrics during January 2018, according to data from STR.
According to news from Black Sea News, dozens of Romanian seaside hotels are on the market despite the fact 2012 was one of the best touristic seasons on record in some time. Owners have cited high taxes, rising utility costs, and other financial reasons for their properties being sold.
Exchange rates can sometimes turn the best vacation deal into a nightmare. The recent Swiss Franc valuation caught ski vacationers by surprise. When expensive Alps ski resorts get even more expensive, many European skiers just stay home. Fortunately there is another solution. Skiing the Carpathians, Slovenian Alps, Caucasus, and other Eastern European resorts almost always costs half as much.