• Rezidor narrows FY loss

Rezidor Hotel Compnay this morning announced that it had narrowed its full year loss after tax from Eu28.2m to Eu2.7m in 2010.

Full year like-for-like revpar increased to 4.6%, finishing the year with a 6.9% rise in the fourth quarter. President and CEO Kurt Ritter said: "Rest of Western Europe led the recovery throughout the year and we witnessed significant revpar increases in key markets such as Germany, France and Benelux."

See the full release here:
http://www.investor.rezidor.com/phoenix.zhtml?c=205430&p=irol-news&nyo=0

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