Accor, one of the largest hotel chains in the world, will open a new ibis Styles Hotel in Pitesti, the group said. The hotel chain signed a franchising agreement with HR Eden 2007, which runs the Arges Hotel in Pitesti, which will be refurbished and rebranded as ibis Styles.
Nitramonia BC, the company managed by Eusebiu Gutu previously known as Popasul Trebes, reached RON2 billion revenues in 2022, thus entering the league of RON billionaires.
Romanian-held fast-food chain Fryday will grow to eight restaurants by the end of November, in only four years after opening. Its founder, Suceava entrepreneur Lucian Florea expects EUR5 million sales, double as much as last year.
The accommodation market made a record profit of RON2 billion in 2022, which means a profit margin of 20%, a very high level for an industry where costs are quite high. Few industries manage to reach such margins.