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Howard Johnson, 11% lower revenues in Q1

11.04.2010, 22:45 11

Bucharest's Howard Johnson hotel, the only five-star hotel runby a woman, ended the first three months of this year with1.7m-euro turnover, down 10.4% from the same period of last year,according to the company's officials. "Given that the average rateper room dropped slightly on the entire hotel market, the totalrevenue of the hotel also posted a slight decrease," stated SoniaNastase, general manager of Howard Johnson Grand Plaza hotel. Thehotel last year generated 8m-euro turnover, down 40% from theprevious year, amid the economic downturn. Sonia Nastase, 37, isthe first Romanian woman running a five-star hotel of Bucharest, inthe context where all the general managers of five-star units,Intercontinental, Hilton, JW Marriott, Radisson Blu or CrownePlaza, are expats. She came at the helm of the hotel controlled byGabriel Popoviciu last October, and four months afterward maintains2009 was the worst. Nevertheless, the revenue indicator shows adecline in the first three months of this year, as well against2009.

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