Romania’s hotel market is undergoing a period of fast growth, reaching a 30-year high of over 25 overnight stays in 2024, supported by a rising number of foreign tourists and high demand for modern hotels, reveals Colliers annual report.
February brought an even stronger increase of prices on the Bucharest market of old three-room apartments than January. After the 8.6% advance of December against the same month of 2023, in January the market accelerated by 9.5% the prices asked by sellers and in February the pace went beyond 11%.