Unita Turism sees 20% higher turnover in 2003

The 14 hotel companies in which Timisoara-based Unita Turism holds the controlling interests will conclude this year with $10 million in consolidated turnover, marketing manager Marius Pintilie said. Unita Turism forecasts 20% turnover growth in real terms for 2003, he added. “Unita Turism in 2002 invested three million euros in refurbishing the hotels it holds, with investments scheduled for 2003 set to total another four million euros. We made all these investments by ourselves, without taking any banking loan,” Josef Goschy, the company chairman said. Goschy is the majority shareholder of Unita Turism, a company established in December 2000 following the break-up of the Romanian-German insurance company Unita SA, held by Josef Goschy at that time. Two entities sprang from Unita SA, that is Unita SA Timisoara – Societate de Asigurare (Insurance Company) and Unita Turism SA. Goschy’s fortune is estimated at $70 million. Unita Turism holds 27 hotels, which registered a 38% average occupancy rate this year, totalling more than 500,000 tourists. ZF