Rezidor (REZT|STO) is cutting costs in Europe:
“Brussels-based Rezidor Hotel Group has unveiled as series of cost-cutting measures in an attempt to deal with what it says is still a fragile operating environment.”
But there is no cost-cutting being done in Africa!
“One area where Rezidor is hoping it can turn things around is in Africa where the company has big expansion plans.
It already operates around 8,200 rooms and has 7,500 rooms in the pipeline
‘We know there are some headwinds related to commodity prices or safety and security however we really believe in Africa as a growth market and are fully aware that this is a long-term play,’ said Neumann on a conference call with analysts.”
As we have said previously, Rezidor believes in African growth. Do you?
African Investment Report will continue to search out opportunities for investing in Africa’s growth. Be sure to subscribe on this page and get our FREE report and updates!
“Rezidor Cutting Costs to Cope With Tough European Environment”: https://skift.com/2016/10/25/rezidor-cutting-costs-to-cope-with-tough-european-environment/