Romania's hotel market has recorded transactions with an average value under €5 million over the past 18 months, according to a Crosspoint Real Estate report.
Bucharest's short-term rental market had a booming post-pandemic evolution. In 2023 alone, the industry generated revenues of €41.3 million, nearly double compared to 2019.
Bucharest's short-term rental industry is expected to outperform the previous year's level and has already recorded estimated revenues close to €24 million in H1 2024, according to a Crosspoint Real Estate report.
Following a two-year period of continuous expansion, the global luxury retail market witnessed an expected decelaration in 2023.
The project, located in Bucharest's 13 Septembrie area, has already been 80% sold, reflecting increased buyer confidence and interest.
Nearly three-quarters (73%) of European bank customers have kept their primary account with the same financial institution for over five years.
The company now boasts a team of 35 AI specialists delivering innovative solutions to clients across various industries, both locally and internationally.
With a catalog of more than seventy venues, the Paris Society group, part of the Ennismore Group, is a key player in the French hospitality sector.
The entrepreneurs penetrated the market with a service-oriented business, establishing as a team with niche expertise in developing marketing strategies for restaurants.
The new 21,000 sqm facility will feature state-of-the-art manufacturing technologies, attractive offices and an employee canteen.