Romania Gradual increase in demand
Hotelsschedule 23 August 2024
Sevda Cadir, associate director Cushman & Wakefield
1 / 1
According to data from Cushman & Wakefield, the Bucharest hotel market is experiencing the highest supply growth among the CEE capitals between 2024 and 2026. The demand in the first half of the year compared to the same period of 2023 experienced an increase of 3 pct, however, it remained below the 2019 level.
Bucharest is projected to fully recover and exceed 2019 levels of overnight stays in paid accommodations by 3 pct by 2025. This growth will be primarily driven by an increase in domestic overnight stays.
Meanwhile, the CEE-6 capitals experienced a 0.6 pct increase in demand in H1 2024 compared to H1 2019, while supply grew by a 7.7 pct over the same period. This positive trend is driven by the impressive recovery of demand in Warsaw, which saw an approx. 17 pct increase.
Several exciting new b
Already have an account? Log in
87% of content remaining
Unlock full access to the article
PLN
EUR
Lifetime access to current material
One-time payment, lifetime access.
Choose
Access includes
- Lifetime access to current material
Most popular
EurobuildCEE magazine & online subscription
Access to all EurobuildCEE materials
Monthly
Annually
You save 17% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
- Access to EurobuildCEE magazine edition online & flipbook version
- Exclusive news, comments, articles and interviews with the most important market representatives and experts
- Archive containing data and information from the commercial real estate and construction market in Poland and the CEE region, collected over 27 years;
- Eurojobs
- Eurobuild FM
Optimism returns
Optimism returns
Walter Herz
Lower interest rates in the eurozone and the easing of monetary policy in Poland are expected to revive investment in the real estate market. A noticeable increase in the value of ...
Warehouse developers now more cautious
Warehouse developers now more cautious
Avison Young
Pre-leases are now an important criterium Currently, the highest investment activity is seen for projects that have a secured pre-leasing level of at least 50-60 pct of the spa ...
The rise of prefab concrete
The rise of prefab concrete
Spectis
According to the ‘Sector of heavy precast concrete products in Poland 2025-2030’ report, the combined revenues of the 50 largest precast manufacturers in 2023 came to P ...