A weak Norwegian market, and continuing problems in eastern Europe hit fourth quarter results at Rezidor. Like for like revpar was up 0.9% while revenues declined 1.7% like for like.
As in the third quarter, Rezidor’s hotels in the Middle East and Africa performed best, with revpar up 5.1% like for like, as occupancy improved. The poor performance will delay Rezidor’s aim to hit its previously declared Route 2015 performance targets.
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