The Ramada Plaza and Ramada Parc hotels, which are part of the Parc Hotels group, recorded a 20% decline in revenues in the first eight months of this year against the similar period of last year amid a decline in accommodation fees and a 40-50% occupancy rate. The two four-star hotels posted a combined turnover almost equal to that of the five-star Howard Johnson hotel in Bucharest.
"The turnover, as distributed across the three profit centres, amounts to 40% for Ramada Bucharest Parc, 30% for Parc Event Center (conference halls, restaurants) and the remaining 30% is accounted for by the Ramada Plaza Bucharest hotel. The business of the Parc Hotels group fell by 20% in the first eight months of this year," said Daniel Ben-Yehuda, manager of the Parc Hotels group, without specifying the absolute value of sales.
The four-star hotels, located in northern Bucharest, have 567 rooms in all and posted an 8.4 million-euro turnover last year, according to data from the Ministry of Finance.
In the first eight months of this year, the two hotels collected a maximum of 5.9 million euros, according to ZF calculations, which are based on the occupancy rate and on an average fee of 90 euros for Ramada Parc and of 100 euros for Ramada Plaza.
On the other hand, revenues collected by five-star Howard Johnson hotel, which has 285 rooms, almost matched revenues cumulated by the two four-star hotels in the first eight months of the year. The hotel's management has been taken over this month by Sonia Nastase, 37, who replaces British-born Peter Craig Martin, thus becoming the first Romanian woman in charge of a five-star hotel on the Romanian market.
In her two-year term, Sonia Nastase plans to bring growth to the hotel, with this year being the most difficult for Bucharest hotels, which have cut fees by 30%.
The price of a single room plus breakfast at
