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The Warsaw Voice » Business » January 22, 2018
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Orbis looks for a good year
January 22, 2018   
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Listed hospitality group Orbis is in for a good 2018 as the company is expected to improve its performance indicators on the back of the good condition of the economy and improving financial situation of consumers, DM BZ WBK's analyst Grzegorz Balcerski comments for the daily Parkiet.
Orbis is free to make plans concerning the group's further development having gained EUR 75 million from sales of its large hotel establishment in Budapest, he adds.
Orbis should continue to raise prices and maintain its hotel occupancy rate at a high level in 2018, head of analysis at DM BDM Maciej Bobrowski agrees.
On the other hand, the group might experience the negative consequences of rising labor costs which will impact its margins, Bobrowski adds.
The ongoing structural changes in the group's dominating unit Accor will also have an influence on Orbis's business, and might possibly push Orbis on a path to further investments, he concludes.
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