Turism Hoteluri Restaurante Marea Neagra

What Turism Hoteluri Restaurante Marea Neagra does

Turism Hoteluri Restaurante Marea Neagra (BVB ticker: EFO) is a publicly listed Romanian tourism company headquartered in Mangalia, on the Black Sea coast, founded in 1991. Its name — translating to "Tourism Hotels Restaurants Marea Neagra" (Black Sea) — indicates an operating focus on hotel and restaurant assets serving leisure travelers along the Romanian Black Sea littoral. The company is incorporated as a for-profit entity and maintains its listing on the Bucharest Stock Exchange, which it uses as its primary capital-markets venue.

The financial profile is unusual: revenue, as reported in the input table, declined materially from approximately 10.5 billion local-currency units in 2021 to roughly 3.3 billion in 2024, with a small uptick to ~3.4 billion in 2025, while EBITDA and operating income swung from heavy losses in 2021-2022 to strong positive figures in 2023-2025. This pattern is consistent with a significant portfolio contraction or asset divestiture cycle rather than steady-state hospitality operations, though the unit labeling in the source data is ambiguous. The reported headcount of 1-10 employees is implausible for an entity of this revenue scale and is most likely incomplete source data.

There is no information in the input regarding technology stack, proprietary products, pricing model, distribution channels, customer segments, named customers, management team, partnerships, M&A activity, or capital raises beyond what is embedded in the historical financials. The company's own website (thrmareaneagra.ro) resolved only to a loading/verification page in the source crawl. As a result, any assessment of go-to-market motion, product surface, or strategic intent beyond the revenue/EBITDA trajectory described above is not supported by the available evidence.

Name

Turism Hoteluri Restaurante Marea Neagra

Website

https://thrmareaneagra.ro

Company type

Private

Founded year

1991

Headcount range

1–10 employees

Short description

Turism Hoteluri Restaurante Marea Neagra is a publicly listed Romanian tourism operator (BVB: EFO), founded in 1991 and headquartered in Mangalia, running hotel and restaurant assets on the Black Sea coast for leisure travelers.

Ownership category

akta.pro rank

Product category

Hospitality Services

NAICS

Hotels (except Casino Hotels) and Motels (72111)

SIC

Hotels & Motels (7011)

akta.pro industry

PRIMARYTHAGAAAD

Resort-Area Full-Service Hotels (Non–All-Inclusive)

Travel & Hospitality/Lodging & Accommodation/Hotels (Full-Service)

SECONDARYTHAFACAH

Hotel & Resort Restaurants

Travel & Hospitality/Foodservice & Beverage (Restaurants, Cafes, Bars)/Full-Service Restaurants (Casual & Fine Dining)

Keywords

• Hospitality services
• Hotel operations
• Tourism services
• Restaurant operations
• Leisure travel

Headquarters

HQ city

Mangalia

HQ country

Romania

HQ region

Europe

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Supply Chain, Infrastructure

Core offering

Turism Hoteluri Restaurante Marea Neagra is a Romania-based company operating in the tourism sector, providing hospitality services that include hotel accommodations and restaurant operations. The company was founded in 1991 and is headquartered in Mangalia, Romania. It is publicly traded on the Bucharest Stock Exchange (BVB) under the ticker symbol EFO.

Differentiator

Problem solved

Functional benefit

Products and services

• Hotel Accommodation Services
• Restaurant and Food Services
• Tourism Services

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Expansion highlights3 records

Regional players

• SIF Transilvania: A Romanian investment fund listed on BVB that historically holds significant tourism and hospitality assets in Romania, making it a regional capital-pool alternative with overlapping portfolio exposure to the same domestic hospitality sector.
• FORTUNA (SIF Muntenia): A Romanian investment and tourism group with exposure to domestic hotel and leisure assets, comparable as a regional portfolio investor allocating capital to Romanian hospitality similar to THR Marea Neagra's operating footprint.

Direct peers

• Continental Hotels Romania: A Romanian hotel operator with multi-property resort and city hotels, sharing THR Marea Neagra's customer segment (domestic and Eastern European leisure travellers) and competing for bookings across similar price points.
• ANA Hotels: A Romanian full-service hotel group operating resort and business properties domestically, offering overlapping lodging and F&B services to the same Romanian and regional tourism customer base.
• Hoteluri & Restaurante (HRT): A Romanian hospitality company combining hotels and restaurants under one structure — the same core business model embedded in THR Marea Neagra's corporate name — and operating in the same domestic regulatory environment.
• Turism Felix: Another Romanian hospitality group operating resort hotels and spa assets, listed on the Bucharest Stock Exchange, sharing the same domestic tourism market, similar product mix (lodging + F&B), and regulatory/exchange framework as THR Marea Neagra.
• Phoenicia Hotels & Resorts: A private Romanian hotel operator active in resort markets including the Black Sea coast, competing head-to-head for similar leisure travellers with comparable full-service hotel offerings in Romania.

Broad incumbents

• TUI Group: A global tourism and hospitality conglomerate with hotel and resort operations adjacent to the Black Sea. Comparable as a vertically integrated tourism operator and a major supplier/competitor in THR Marea Neagra's end-markets.
• Accor Eastern Europe: A major global hospitality group with a significant presence across Eastern Europe via franchised and managed hotels, including Romania. It is comparable because it competes for the same inbound and domestic leisure traveller, but at much larger scale and brand power.
• InterContinental Bucharest & regional IHG properties: International upscale hotel brands operating in Romania under InterContinental Hotels Group, competing for the same premium leisure and corporate guests THR Marea Neagra serves, with deeper distribution and loyalty infrastructure.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat2 records

Key risks4 records

Key highlights4 records

Customer concentration

• Xx.com/thrmareaneagra
• LinkedInlinkedin.com/company/turism-hoteluri-restaurante-marea-neagra-sa

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Turism Hoteluri Restaurante Marea Neagra