Rezidor started the year with a good RevPAR development: The group’s Like-for-Like RevPAR increased by 9.8% in January and eight.1% in February. “The key driver for the lift in RevPAR was a rise renowned in most our markets across Europe, the center East and Africa. The amount driven improvement came from various commercial initiatives, and brought about an additional gain of market share”, commented Wolfgang M. Neumann, President & CEO of Rezidor on the group’s Annual Business Conference 2013 in Riga, Latvija. “The financial system continues to be fragile and unsure. The underlining trend has continued into March, however the month would be negatively impacted by the timing of Easter. We’ll continue to scrupulously monitor the event in the course of the rest of the year. Our initial results reflect...
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Rezidor started the year with a favorable RevPAR development: The group’s Like-for-Like RevPAR increased by 9.8% in January and eight.1% in February. “The key driver for the lift in RevPAR was a rise trendy in most our markets across Europe, the center East and Africa. The amount driven improvement came from various commercial initiatives, and brought about an additional gain of market share”, commented Wolfgang M. Neumann, President & CEO of Rezidor on the group’s Annual Business Conference 2013 in Riga, Latvija. “The financial system remains to be fragile and unsure. The underlining trend has continued into March, however the month would be negatively impacted by the timing of Easter. We shall continue to rigorously monitor the improvement in the course of the rest of the year. Our initial results...
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