Bucharest to add 1,000 hotel rooms by 2027 as market performance improves

The hotel market in Bucharest is poised for significant growth, with over 1,000 new rooms expected to be added to the city’s accommodation capacity by 2027, according to a new report from real estate consulting company Cushman & Wakefield Echinox. This projected expansion comes on the back of a strong performance in 2024, as key indicators such as RevPAR (Revenue per Available Room) and occupancy rates continued their upward trajectory.

The average daily rate (ADR) in Bucharest hotels surpassed the EUR 100 threshold for the first time, making it the fastest-growing ADR among the capitals of Central and Eastern Europe. Despite this growth, the city’s hotel occupancy still trails its 2019 pre-pandemic levels by four percentage points.