Independent hotel operators and giant global chains are increasingly linking up in franchise agreements as high-interest rates have slammed the hospitality indu.
Constructii Erbasu, a major company in the construction field, controlled by Cristian Erbasu, will open two new hotels in Bucharest and Oradea under brands part of Accor portfolio, namely Novotel Living and ibis Styles.
Operator: Good day and thank you for standing by. Welcome to the Tripadvisor Third Quarter 2023 Conference Call. At this time, all participants are in a listen-only mode.