Cushman & Wakefield : Bucharest Hotel Market Continues Post-Pandemic Recovery

While the average hotel occupancy level across the CEE-6 capitals – including Bucharest, Bratislava, Budapest, Prague, Sofia, and Warsaw – in 2023 lagged 2019 by 9%, the ADR surpassed it by 23%, resulting in a 12% RevPAR growth, according to data from the real estate consulting company Cushman & Wakefield.   The strongest increase was recorded in Warsaw and Budapest. Moreover, despite the lingering impact of the pandemic, the hotel ...

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