Fivestar Hospitality Consulting & Management

Fivestar Hospitality Consulting

Hospitality

» USD 1 bn. will be invested in Holiday Inn’s re-branding process
» ANAT will no longer implement the supplementary classification system for hotels
» Egreta Hotel was put on sale for approximately EUR 4 mil.
» Coandi Hotel in Arad is for sale at the price of EUR 11 mil.
» The biggest hotel in Europe opened in Bucharest, Romania
» Accor plans to transform Sofitel Hotel into a luxury brand

Investments

» Approximately EUR 40 mil. will be invested in developing 2 new Ramada hotels, located in Cluj and Timisoara
» A multifunctional complex, including a 4 star hotel will be developed in Cluj

Travel

» In 2008, Wizz Air low cost company will double the number of employees of its Romanian subsidiary
» Romania ranks 5th in Europe regarding the increasing number of passengers on air transport
» The European Parliament plans to develop a new air transport infrastructure for the European Union
» Air taxi services continue to develop in Romania

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