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JW Marriott shareholders put off investment in room renovation

Autor: Mirabela Tiron

19.01.2011, 23:42 37

JW Marriott hotel, the biggest five-star hotel on the Bucharestmarket, which operates 402 rooms, has put off the severalmillion-euro investment in room renovation scheduled for this year,as well as the investment in renovating the ten small conferencerooms and Constanţa Ballroom.

"Considering the state of the hotel rooms, that they do notrequire immediate renovation, the hotel management decided to putoff room renovation. The decision also came amid a revival indemand from groups and individual clients," said Meda Vasiliu,marketing and sales manager of five-star hotel JW Marriott.

The hotel has yet to communicate financial results for lastyear.

Vasiliu also specified that, in order not to turn away clientswishing to organise events in the hotel, given that demand forconference rooms is greater than last year, renovation plans forthe ten event rooms have also been put off.

"We expect a slight rise in this year's occupancy rate, bynearly 5% against last year, amid the rebound of the European andinternational markets, which mainly supply us with businessclients."

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