Hilton to exceed $20m

Bucharest-based AthA©nA©e Palace Hilton last year posted turnover worth almost $20m, with estimates for 2003 targeting a 5-10% increase, Bert Fol, the hotel’s general manager told Ziarul Financiar. “Our revenues will go up, provided nothing happens in the Middle East. However, if there is a war, we cannot estimate its effects on the hotel’s business,” Fol added. The five-star hotel last year reported almost 70% occupancy rate, with the revenue increase to be prompted by new clients and the launch of new services. “Reservations for the hotel have already increased 3% in February as compared to the year-ago period,” Fol maintained. ZF