Romania Gradual increase in demand
Hotelsschedule 23 August 2024
Sevda Cadir, associate director Cushman & Wakefield
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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.
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