Hotel market in Romania - statistics & facts
In recent years, the hotel market in Romania has had a positive evolution in terms of consumer spending and tourism demand. The latter has been supported by the fast development of air transportation, especially by low-cost companies, which doubled Romania’s air traffic over the last decade. In 2020, because of the coronavirus (COVID-19) outbreak, the Romanian hotel market recorded one of its lowest revenues, however in 2022 it managed to recover, totaling around 861 million U.S. dollars. By 2024, the hotel segment is forecast to generate a revenue of over one billion U.S. dollars for the first time. One peculiarity of the Romanian hotel market is that compared to other hotel markets from CEE countries, the Romanian one is not as dependent on international tourism. In other words, approximately 86 percent of tourist accommodated are domestic.
