Fivestar Hospitality Consulting & Management

Fivestar Hospitality Consulting

Hospitality

» Ramada Plaza Hotel in Romania foresees a turnover up to EUR 10 mil. in the first year after opening
» A 4 star hotel will open in the proximity of the Paul Tomita golf field in Alba county, Romania
» Paralela 45 purchased Stil Hotel in Bucharest
» International Hotel in Baile Felix obtained Eurospa-med label
» Turabo Cafe purchased Dark cafe chain

Investments

» The European Union will allocate over EUR 558 mil. for the development and promotion of Romania's tourism
» Atlassib holding is interested in purchasing Victoria Hotel in Cluj
» Hotel investors are interested in downtown areas of Bucharest
» The development of the Dunarea de Jos international airport in Braila County needs a EUR 300 mil. investment

Tourism

» 919.900 arrivals had been registered in accommodation establishments in Romania in August 2007
» More and more Romanians spend New Year’s Eve abroad in luxury hotels
» The number of foreign tourists visiting Romania could increase by 22% by the end of 2007
» A cruise ship line will be launched on Constanta-Istanbul-Odessa route in November 2007
» Wizz Air considers that Romania will become an attractive holiday destination the next few years

Travel

» Internal flights market becomes more and more attractive to airline companies
» Concept Hotels Company, Romanian hotel supplier, foresees an increase of revenues of 200% over the next 2 years
» Air France, Austrian Airlines and Lufthansa airline companies are interested in purchasing Tarom shares
» Aegean Airlines ceased negotiations with Blue Air Company

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