InterContinental expects occupancy rate to shrink - Azi

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InterContinental five-star hotel in Bucharest expects its occupancy rate to shrink this year due to the global crisis and tightening domestic competition, with the lower number of guests to be somewhat offset by revenues from event organisation.

"This year, we expect 30% higher revenues from event organisation compared to 2007, and until August we"ve been on schedule. The increase on the event segment is due to the changes we"ve operated," said Jonathan Soper, general manager of...

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