Retail sales are set to climb at a current value CAGR of 11% (2023 constant value CAGR of 7%) over the forecast period to reach RON659 million in 2028, bypassing the 2019 pre-pandemic level by 2025. Sales are predicted to be boosted by luxury hotels attracting international and domestic travellers again.
Luxury hotels is expected to see a retail current value CAGR of 11% (7% 2023 constant value CAGR) over 2023-2028 to continue to shape experiential luxury. Retail current value sales are projected to reach RON659 million in 2028 as a result of the desire to partake in luxury experiences and enjoy a luxury lifestyle, which bodes well for the luxury hotels.
Bucharest continues to be a priority destination for hotel operators. Romania’s capital city is considered the fifth most attractive market out of the 20 cities in Central and Eastern Europe (CEE) in terms of potential investment in new hotel facilities in the forecast period.
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Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in Romania with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Experiential Luxury industry in Romania, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is an aggregation of Luxury Hotels and Luxury Foodservice.See All of Our Definitions
This report originates from Passport, our Experiential Luxury research and analysis database.
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