JW Marriott shareholders put off investment in room renovation

JW Marriott hotel, the biggest five-star hotel on the Bucharest market, which operates 402 rooms, has put off the several million-euro investment in room renovation scheduled for this year, as well as the investment in renovating the ten small conference rooms and Constanţa Ballroom.

"Considering the state of the hotel rooms, that they do not require immediate renovation, the hotel management decided to put off room renovation. The decision also came amid a revival in demand from groups and individual clients," said Meda Vasiliu, marketing and sales manager of five-star hotel JW Marriott.

The hotel has yet to communicate financial results for last year.

Vasiliu also specified that, in order not to turn away clients wishing to organise events in the hotel, given that demand for conference rooms is greater than last year, renovation plans for the ten event rooms have also been put off.

"We expect a slight rise in this year's occupancy rate, by nearly 5% against last year, amid the rebound of the European and international markets, which mainly supply us with business clients."