|"The five-star Howard Johnson Grand Plaza hotel in Bucharest posted turnover worth 13 million euros in 2006, a slight increase on the previous year.
The hotel recorded turnover worth 12.5 million euros in 2005, up 51% against 2004 and doubled profit to 1 million euros compared with the previous year. However, 2005 was the first time the hotel was open throughout the entire year.
The five-star hotel market in Bucharest is facing dwindling demand from the tourist industry and this is the reason why Howard Johnson is placing so much emphasis on increasing the number of clients from the business segment over the forthcoming period.
Hotel officials believe that the significant amount of bookings generated by the business segment cause the hotel's occupancy rate to fluctuate depending on the time of the year or week, holiday season or weekend."
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The peak in business travel requests is represented by the Bucharest International Fair that takes place in October. This year, all hotels were fully booked, and unless one requested a room a few weeks ahead, getting one was impossible.
Tags: Travel Destinations, Business Tourism, Bucharest