Fivestar Hospitality Consulting & Management

Fivestar Hospitality Consulting

Hospitality

» International hotel chains are interested in expanding on the Romanian market
» Hilton: 20 units on the Romanian market within 5 years
» The economic crisis impacted mostly the Eastern Europe hotel market
» Continental Hotels: revenues by 18% lower in the first 10 months
» 150 rooms from Rin Grand Hotel to be turned into offices until next spring

Investments

» NewArch Investments company to develop a hotel and a golf course
» EUR 280 mil. for modernizing tourism in Romania

Tourism

» The project for the national tourism brand will be developed in three phases
» The tourism potential of Caras-Severin county is undervalued

Travel

» Wizz Air will launch new flights from Cluj-Napoca, Timisoara and Bucharest in 2010
» Carpatair will operate direct flights on Budapest - Venice route

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