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Mövenpick Hotels & Resorts increased its offer by 25 % in 2004

The operating results of the Swiss hotel group Mövenpick Hotels & Resorts recorded an EBITDA of euro 7.8 million (plus 56.4%) with total sales increasing by 24% year-on-year, to euro 345.6 million. RevPAR rose by 8.8% across the Group, to euro 44.5. With the corporate rebranding almost completed, the expansion drive is running fast, with the number of hotel rooms now totalling close to 12,000 rooms, a growth of 25.4% over the past year and nearly doubling the number of rooms since 1999. In 2004 new hotels began operating in Berlin (243 rooms), at Disneyland Paris/France (400 rooms), at El Alamein/Egypt (259 rooms), in Aswan/Egypt (234 rooms), in the Kingdom of Bahrain (114 rooms) and in Madina/Saudi-Arabia (1155 rooms). A large number of hotel establishments are currently under construction in Europe, the Middle East and Africa, including the Mövenpick Hotels in Hamburg, Frankfurt, Amsterdam, Rome, Al Khobar/Saudi Arabia, Sana’a/Yemen, Taba/Egypt, Accra/Ghana and several hotels in and around Dubai. More than 5'000 new hotelrooms are therefore set to complement the hotel chain’s portfolio in the near future.The operating results of the Swiss hotel group Mövenpick Hotels & Resorts recorded an EBITDA of euro 7.8 million (plus 56.4%) with total sales increasing by 24% year-on-year, to euro 345.6 million. RevPAR rose by 8.8% across the Group, to euro 44.5. With the corporate rebranding almost completed, the expansion drive is running fast, with the number of hotel rooms now totalling close to 12,000 rooms, a growth of 25.4% over the past year and nearly doubling the number of rooms since 1999. In 2004 new hotels began operating in Berlin (243 rooms), at Disneyland Paris/France (400 rooms), at El Alamein/Egypt (259 rooms), in Aswan/Egypt (234 rooms), in the Kingdom of Bahrain (114 rooms) and in Madina/Saudi-Arabia (1155 rooms). A large number of hotel establishments are currently under construction in Europe, the Middle East and Africa, including the Mövenpick Hotels in Hamburg, Frankfurt, Amsterdam, Rome, Al Khobar/Saudi Arabia, Sana’a/Yemen, Taba/Egypt, Accra/Ghana and several hotels in and around Dubai. More than 5'000 new hotelrooms are therefore set to complement the hotel chain’s portfolio in the near future.

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