• Europe lifts Rezidor

Rezidor raised like for like revpar 5% in the first quarter of 2014 with Western Europe leading rate improvements. A strengthening Euro hit reported figures, with reported revenues up 2.1% to EUR211.4m.

During the quarter, Rezidor opened 1,200 new rooms and added a further 1,000 rooms to the pipeline. A proposed rights issue will be used to seize further asset management opportunities and accelerate investment in the group’s leased hotels.
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