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News from Members C&W Echinox: More than 70% of the Romanian cinema attendance is located in 10 cities

C&W Echinox: More than 70% of the Romanian cinema attendance is located in 10 cities

by Cushman & Wakefield Echinox May 29, 2018

Website cwechinox.com/

Over 10 million viewers were recorded in 2017 in the cinemas of ten Romanian cities with a total population of four million inhabitants, these cities concentrating 72% of the national cinema demand, according to the data offered by the National Center for Cinematography, and analyzed by the real estate consultancy company Cushman & Wakefield Echinox.

In 2017, the overall number of spectators which attended the cinemas in Romania was 13.9 million, 6.4% up from the previous year, while the frequency of visits per capita increased from 0.67 to 0.7.

The largest cinematographic markets in Romania are: Bucharest (4,944,978 spectators in 2017), Cluj-Napoca (918,022), Constanta (824,477) and Timisoara (802,416), cities that represent 54% of the demand.

Map of Romanian cities with the highest cinema attendances in 2017
– spectators and evolution compared to 2016

Bogdan Marcu, Partner, Retail Agency, Cushman & Wakefield Echinox: "The cinema industry has benefited greatly from the development of shopping centers in the recent years, considering the fact that in 2017, around 90% of the cinema halls in Romania were found in shopping malls, attracted more than 90% of the total number of spectators. The investments in cinemas are extremely high, but they bring substantial benefits for the shopping centers’ image and overall traffic, increasing also the more and more important social aspect of cinemas.”

At the end of last year, 41 shopping centers in Romania had a multiplex cinema, the average number of cinema halls being 7.8. On average, developers have set up a cinema hall for every 5,000 square meters GLA of a shopping center.

In terms of Romanian cities with the highest frequency of visits per inhabitant, the most important ones are Suceava (3.14 visits per inhabitant in 2017), Constanta (2.9), Deva (2.84) Cluj-Napoca (2.83) and Bucharest (2.63).
In terms of the spectator increase compared to 2016, the first places are occupied by Bistrita (+ 229%), Targoviste (222%), Piatra Neamt (213%) and Vaslui (165%), four cities which had no functional cinemas in 2015, but re-entered the circuit one year later. The next places are occupied by Galaţi (59.4%), Craiova (30%) and Târgu Jiu (26.7%).
The cities with the highest use and occupancy of existing cinema infrastructure are Iaşi (1.53 spectators / seat / day), Bistrita (1.44 spectators / seat / day) and Satu Mare (1.4 spectators / seat/ day), followed by Oradea (1.18 spectators / seat / day) and Sibiu (1.15 spectators / seat/ day).


About Cushman & Wakefield Echinox
Cushman & Wakefield Echinox is the exclusive affiliate of Cushman & Wakefield in Romania, owned and operated independently. With a team of over 50 professionals and collaborators, offers a full range of services to investors, developers, owners and tenants across all segments of the real estate market, including the residential market. For more information, visit our website cwechinox.com

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. Find out more on www.cushmanwakefield.com

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