CEE hotel sector continues to boom, with investment levels expected to exceed EUR 800m by year end 2018. With increased number of new hotel openings, new brands coming to region and extensive refurbishment requirements for the existing properties, the CEE Market is becoming a lucrative region for hospitality suppliers. The hotel industry in Romania has grown over the past 5 years by almost 40 % with a turnover of more than Euro 1,13 billion in 2017 and estimates of 2018 developments show that the hotel sector reached over Euro 1.24 billion.