The Warsaw Voice » Business » News - December 5, 2017
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Orbis wants more investments in CEE region
Hotel operator Orbis wants to invest PLN 150-180 million annually in new hotels and renovation of existing ones starting from 2018, with some of the money to come from sale of underperforming assets, the group's deputy CEO Marcin Szewczykowski tells daily Parkiet.
The company will accelerate investments in other CEE states in a move to boost their share in its revenues to ca. 50% from 40%, he adds.
Orbis sees a potential for repricing in view of the high occupancy rates, which should also help neutralize workforce shortages.