Bucharest's hotel market sees strong development pipeline by 2027

Business Forum
Bucharest's hotel market is experiencing a strong recovery, with significant growth in key performance indicators, according to Cushman & Wakefield Echinox. 

The local market saw growth in RevPAR and occupancy rate, and the average daily rate (ADR) surpassed the €100 mark during 2024. 

This positive performance is encouraging investors, who are expected to add over 1,000 rooms to the city's hotel supply by 2027, across all segments from midscale to luxury.

Several key developments are shaping the market in 2025, including the opening of the Corinthia Grand Hotel du Boulevard Bucharest. In 2024, the Ramada by Wyndham Bucharest Otopeni Airport entered the market. 

The growth of Bucharest's hotel market aligns with trends in CEE, where RevPAR increased by 11.8% in 2024 compared to 2023.

Alina Cazachevici MRICS, Partner, Head of Valuation & Advisory, Hospitality & Alternatives, CEE/SEE at Cushman & Wakefield, commented on the market's trajectory: “Bucharest hotel market performance continues its positive trajectory with RevPAR surpassing pre-Covid level by 12.6%. Further increase in performance is expected thanks to Romania entering the Schengen Area, however, the uncertainty around geopolitical situation still is an important factor to be taken in consideration for future development of Romanian hotel market, including investment activity.”

Romania's hotel investment volume reached approximately €50 million in 2024, representing about 13% of the total CEE-6 transaction volume. This volume marks a 93% increase compared to 2023, driven by 7 transactions, including two in Bucharest: the Hotel Ambassador and Hotel Sir Royal Bucharest.

RECOMMENDED
Bucharest office fit-out costs remain among lowest in CEE
Real estate

Bucharest office fit-out costs remain among lowest in CEE

Bucharest has seen a 12% increase in average office fit-out costs in 2024, surpassing €1,000 per sqm, but this level is still among the lowest in capital cities across CEE, according to Cushman & Wakefield Echinox research.

15 new hotels coming to Romania by 2026
Real estate

15 new hotels coming to Romania by 2026

Romania is preparing for a wave of new hotel openings in 2025-2026, solidifying its position as an attractive tourist destination in CEE, according to a report by Colliers.

Tech spearheads office leasing in Romania
Real estate

Tech spearheads office leasing in Romania

Companies in IT, manufacturing, industry, and the medical and pharmaceutical sectors were the most active in Romania's office rental market over the past five years, generating over half of the demand for new space.

RECOMMENDED FROM THE HOME PAGE
Economy

Romania's inflation remains steady in April 2025

Romania's Consumer Price Index (CPI) increased marginally by 0.07% compared to March 2025, while the annual inflation rate reached 4.9% by April 2025, according to the National Institute of Statistics (INS).

Industry

Sipex sees turnover, profit fall in Q1 2025

Sipex, a Romanian distributor of construction and finishing materials listed on the BVB AeRO market, reported a turnover of RON 66.5 million (€13.38 million).

READ MORE
Business Forum  |  14 May, 2025 at 6:00 PM
Business Forum  |  14 May, 2025 at 2:30 PM