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06 Aug 2019, Gergana Bencheva, EMIS Editor

Polish Orbis’ consolidated revenue grows 4.8% y/y in H1 2019

Polish hotel operator Orbis saw its consolidated revenue grow by 4.8% on an annual basis to PLN 666.10 million for the first half of 2019, M-Brain reported. Over the period in question, consolidated EBITDA rose by 19.3% year-on-year to PLN 218.8 million. 

Between January and June, Orbis inaugurated three new hotels, located in Poland, Romania, and Estonia. Also, the operator has inked 12 new asset light agreements for nearly 1,600 hotel rooms due to open in 2020-2022, M-Brain added.

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Original source: M-Brain