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Wednesday, February 02, 2005

Best Western Hotels 2004 Romania Revenue Up 10%

International hotel chain Best Western said on Tuesday its consolidated revenue and occupancy rate in Romania rose by some 10% in 2004.

The seven hotels in Romania that are part of the Best Western chain, reported a combined turnover of nearly 12 million euro ($15.6 million), Best Western co-ordinator for Romania Malin Malineanu said in a statement.

Best Western planned to allow another two hotels to join the chain as affiliates last year, but the contracts were not finalised by the end of 2004. The hotels, located in Iasi and Galati, will be affiliated this year, the company said.

Best Western chain in Romania includes the following hotels: Parc in Bucharest, Central in Arad and Ambassador in Timisoara, western Romania, Topaz in Cluj, northwestern Romania, Balvanyos in Covasna, central Romania, Savoy in the Black Sea resort Mamaia and Bucovina in Gura Humorului, northeastern Romania. The three- and four-star hotels have a total of 740 rooms.

The chain's long-term target is to have one hotel in every large Romanian city, taking the number to 50 affiliate hotels by 2010, Malineanu said earlier.

Best Western (www.bestwestern.com) claims to be the world's largest hotel chain with more than 4,000 hotels in 80 countries.

Posted by Mihai : 2/02/2005 05:19:00 pm