Orbis' mid-term strategy focuses on name change and opening budget hotels

Of this sum, zł.509 million come from the company's own means, while zł.216 million will be raised from bank loans. The strategy also envisages reducing staffing levels by 514. The core of Orbis' new strategy is to open 16 new Etap budget hotels and six Ibis hotels so that half of Orbis' hotel network will be budget hotels. It wants to sell, or rebrand seven of its hotels, as the group only wants to increase the number its hotels by 15 to 82. By the end of 2009 probably no hotel will carry the Orbis name, but the corporation name will remain. The company in Poland, wants to have four top class Sofitel hotels, 22 Mercure hotels, 12 Novotel Hotels, 17 Ibis Hotels and 23 Etap Hotels. by the end of the decade. (Parkiet p. 2; Puls Biznesu pp. 1, 12) M.G.