The Sovata Hotel located in the resort of the same name and indirectly held by the Hungarian Danubius Group expects total revenues to stand at 56bn ROL in 2004. It also foresees take-up reaching 65%. This is the first full year of operations after the completion of modernisation works in the summer of 2003. "The hotel's current occupancy rate is about 96%, and there are days when we simply cannot fill all accommodation requests. Most guests are foreign tourists that come through travel agencies or on their own," stated Fulop Nagy Janos, chief executive of Balneoclimaterica SA Sovata, the majority shareholder of the hotel. The hotel saw total revenues of nearly 28bn ROL and an average take-up of 40% in the first half. Take-up rose to 93% in July, however. ZF
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