Luxury Hotels in Romania

December 2021 | 15 pages | ID: L483DCBCC962EN
Euromonitor International Ltd

Abstracts

Luxury hotels were drastically impacted by COVID-19 restrictions in 2020 with the category seeing its value sales decrease by two thirds of the previous year’s sales. Luxury hotels are very popular for business travellers in Romania, which led to a significant decrease in guests due to the near total lockdown of the country from March to May 2020 and the ongoing travel bans. The ban on large public gatherings has also stripped away an important income stream for hotels, as many high-income Roman...

Euromonitor International's Luxury Hotels in Romania report offers a comprehensive guide to the size and shape of the Luxury Hotels market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Hotels retailing along with the development of consumers’ shopping patterns. Forecasts to 2025 illustrate how the market is set to change

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

• Get a detailed picture of the Luxury Hotels market;
• Pinpoint growth sectors and identify factors driving change;
• Understand the competitive environment, the market’s major players and leading brands;
• Use five-year forecasts to assess how the market is predicted to develop.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

Contents

LUXURY HOTELS IN ROMANIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Luxury hotels continue to be impacted by travel bans, lockdowns, and lingering consumer anxiety
Pandemic losses lead to greater consolidation of competitive landscape
Domestic tourism rises as Romanians seek local, natured-based summer holidays
PROSPECTS AND OPPORTUNITIES
Increasing trend for remote conferencing to negatively impact recovery
Independent hotels anticipated to focus on growing domestic demand through exclusive nature-based stays
Pandemic creates unique recovery obstacles for major luxury hotel operators
CATEGORY DATA
Table 1 Sales in Luxury Hotels: Value 2016-2021
Table 2 Sales in Luxury Hotels: % Value Growth 2016-2021
Table 3 NBO Company Shares in Luxury Hotels: % Value 2016-2020
Table 4 LBN Brand Shares in Luxury Hotels: % Value 2017-2020
Table 5 Forecast Sales in Luxury Hotels: Value 2021-2026
Table 6 Forecast Sales in Luxury Hotels: % Value Growth 2021-2026
LUXURY GOODS IN ROMANIA
EXECUTIVE SUMMARY
Luxury goods in 2021: The big picture
2021 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 7 Sales of Luxury Goods by Category: Value 2016-2021
Table 8 Sales of Luxury Goods by Category: % Value Growth 2016-2021
Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2016-2021
Table 10 NBO Company Shares of Luxury Goods: % Value 2016-2020
Table 11 LBN Brand Shares of Luxury Goods: % Value 2017-2020
Table 12 Distribution of Luxury Goods by Format and Category: % Value 2021
Table 13 Forecast Sales of Luxury Goods by Category: Value 2021-2026
Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2021-2026
DISCLAIMER
SOURCES
Summary 1 Research Sources