45% occupancy rate for the only 5-star hotel in Cluj

Opera Plaza hotel in Cluj-Napoca, the first five-star hotel on the Cluj market, expects a 60% occupancy rate this year, against the 45% rate seen in its six months in business in 2006. “This year we estimate to reach a 60% occupancy rate, although the market is not yet as we hoped. To my mind, traffic will increase in the years to come and the niche market we operate in will see a significant growth,” stated Octavian Buzoianu, one of the hoteles owners. Opera Plaza representatives estimate a 30% turnover increase for this year, the hotel posted an approximately 450,000-euro turnover after in 2006 in six months in business. The hoteles management has budgeted investments of up to 800,000 euros for this year, in developing accommodation and facilities offered to clients. In the first stage, investments worth 400,000 euros will be completed by the end of April, and be directed to a creation of a casino and a conference hall, with a 400 square-metre area and a 300-seat capacity.