Ibis expects 5m-euro turnover

With an occupancy rate exceeding 74%, the Ibis hotel located in Bucharest’s Gara de Nord area posted 2.53m-euro turnover in H1, 2003 and expects to cash 5m euros by yearend. The half-year turnover increased 14% in dollars and dropped 7% in euros from the year-ago interval. However, the US dollar was the currency used by the hotel last year, with the shift to the euro having been operated early this year. Although located in a transit area, hotel officials say location does not have a significant influence upon the category of clients. “Most of our clients are foreign businesspeople, who travel either by plane or by personal cars,” Ilie Calin, managing director at Ibis Hotel, said. ZF