Orbis to open 8 hotels in CEE

WSE-listed hotel operator Orbis will open eight new hotels in Eastern Europe in the coming months, the company said in a press release. The company plans to open facilities in Romania (Mercure Sighisoara Binderbubi, ibis Styles Arad, Mercure Bucharest Unirii), Serbia (Mercure Belgrade Excelsior), Bosnia and Herzegovina (Novotel Sarajevo, Sofitel Tarcin Forest Resort & Spa), Macedonia (Mercure Tetovo) and Hungary (ibis Styles Budapest Airport). Orbis has also announced that it has signed 40 newly concluded franchise agreements and management. “Eastern Europe is a large market characterized by high GDP growth, which generates strong, ever-increasing demand for hotel services in the business and tourism segments. On the other hand, we see clearly that developers and investment funds that have not been involved in the venture in the past related to the hotel industry are currently appreciating the growing profitability of this sector throughout the whole of Eastern Europe,” Orbis CEO Gilles Clavie said.