Fivestar Hospitality Consulting & Management

Fivestar Hospitality Consulting

Hospitality

» Crowne Plaza Bucharest will replace the management contract with the franchising system
» Accor will open 15 more hotels in Romania over the next 4 years
» Cafes market is continuously growing

Investments

» A new real estate establishment, including 2 hotels, will be developed in Rahova district in Bucharest
» The main shareholder of Bere Azuga Company will invest EUR 27 mil. in the Romanian Azuga resort
» SIF Transilvania continues to invest in tourism sector over the next 2-3 years
» An ensemble including a golf course and a 4 star hotel will be developed in Ocna Sugatag, Maramures County, in Romania

Tourism

» The Ministry for Small and Medium Enterprises, Trade, Tourism and Liberal Professions prepares a new tourism law
» The number of Romanian tourists spending their holidays abroad will reach 1.25 mil. in 2007
» ANAT foresees a 25% increase of domestic tourism in 2007
» Romania will have the same tourism receipts as Bulgaria in 2007
» Central authorities invested EUR 40 mil. in Sibiu city, the European Cultural Capital in 2007
» Accommodation and transport prices might increase worldwide in 2008

Travel

» The Romanian Government has forbidden any entertainment programs in food and beverage facilities
» 4.5 mil. tourists visited Bulgaria during the first 9 months of 2007

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