Continental posts 2% Q1 growth

The revenues of hotel chain Continental went up 2% in euros in the first quarter of 2004 as compared to the corresponding period of last year, according to the company’s chairman Radu Enache. “We are content with the first quarter results, because we had set out to obtain the same revenues, in euros, as last year. In the first half, which will end in a few days, the dynamics was considerably bigger than in the first quarter,” Enache stated. The Continental official would not disclose the value of revenues logged in the first quarter. Continental posted turnover worth 16.4m euros last year and expects it to grow to 17.2 million euros in 2004, up almost 5 percent. The chain’s eleven hotels employ more than 1,400 people. ZF