DAAS Romania, a major supplier of equipment for hotels,restaurants, catering firms, as well as food stores, last yearexperienced "a rude awakening", translating into a 30% turnoverdecline from the previous year, after two years of two-digitgrowth. The reason? Most clients, businesspeople who had opened arestaurant or coffee shop in 2008, gave up their business as soonas they saw consumption slide. "The market of hotels andrestaurants is a fragmented market. There are internationalplayers, very strong Romanian players and a broad mass of playerswho made money in other industries, including real estate, and whodecided to open a restaurant they'd possibly offer their family asa gift. The latter collapsed the first because they did not havetight ties with this market," Daniel Mocanu, DAAS Romania generalmanager and shareholder, told ZF. DAAS Romania, with a 15% marketshare, according to the information it provided, in 2009 posted14m-euro turnover, down 30% year-on-year.
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