Top ten hotel companies in Romania: how much money in hospitality?

The ten biggest hotel companies in Romania last year made about EUR 163.5 million in turnover and only EUR 3.5 million cumulated net profits, Romania-Insider.com has calculated based on public data posted at the Finance Ministry. The ten companies had together about 5,000 employees. The total revenues of the ten companies increased only by 3.5% compared to 2013, although the number of tourists that checked in local hotels increased by 6.6% to 8.44 million, according to data from the National Statistics Institute (INS). The number of foreign tourists who went to hotels in Romania was 1.91 million, up by 11.5% compared to 2013. Here is a list of the biggest ten hotel companies in Romania based on their 2014 turnovers: 1. Bucuresti Turism - Turnover: EUR 25.7 mln; Net profit: EUR 2.53 mln Bucuresti Turism owns the five-star hotel Radisson blu, on Calea Victoriei in Bucharest, and the apartment complex Centre Ville, which will be reopened this fall under the brand Park Inn by Radisson. The two hotels have a total capacity of 719 rooms, 7,200 sqm of commercial area and were valued at some EUR 142 million, according to a report by parent group Elbit Imaging. Bucuresti Turism is part of Israeli group Elbit Imaging, a company that’s listed on the Tel Aviv Stock Exchange. Its local hotels are managed by the Carlson Rezidor group. 2. Societatea Companiilor Hoteliere Grand – Turnover: EUR 25.5 mln; Net profit: EUR 1.96 mln The company owns the JW Marriott Grand Hotel in Bucharest, one of Romania’s biggest five-star hotels. It has a total of 402 rooms and apartments, 12 conference rooms, and six bars and restaurants, as well as 11,000 sqm of offices and 5,000 sqm of commercial spaces, mostly leased to luxury brands. SCH grand is owned by Austrian construction group Strabag. 3. Ana Hotels – Turnover: EUR 25.2 mln; Net profit: EUR 1.97 mln Ana Hotels is the biggest hotel company controlled by Romanian investors. It owns the Athenee Palace Hilton five-star hotel and the Crowne Plaza four-star hotels in Bucharest as well as the Europa hotel in Eforie Nord, on the Black Sea coast, and the Spot, Bradul and Poiana hotels in Poiana Brasov, one of the top winter resorts in Romania. Romanian investor George Copos controls the group and his daughter, Alexandra Copos de Prada is running it as general manager. 4. Continental Hotels – Turnover: EUR 21.0 mln; Net loss: -EUR 3.03 mln Continental Hotels is a Romanian hotel group owned by Radu Enache, which owns 12 hotels in Romania. The group manages most of its hotels and has a management contract with Accor group for the management of its Ibis hotels in Bucharest, Sibiu, and Constanta. Its flagship hotel is the Grand Hotel Continental in Bucharest, which is classified at five stars. It also has three four-star hotels branded Continental Forum, in Sibiu, Oradea, and Arad. Its other hotel brands are Continental (3 stars) and Hello Hotels (2 stars).