Rezidor continues to focus on value enhancing growth and cash protection
“The global recession continues to impact the hotel market and industry RevPAR in Europe fell more than 20% in the first six months of the year compared to the same period in 2008. During the second quarter, the market showed signs of stabilisation in occupancy decline, while room rates continued to drop further. Rezidor has seen a less adverse impact in Norway, Sweden, the UK and South Africa than in the rest of the EMEA, says Kurt Ritter, President and CEO of The Rezidor Hotel Group.
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Bruno Faizende has been appointed Chief Executive Officer of Compagnie des Wagons Lits (CWL), a fully owned Accor subsidiary.
He was previously Chief Operating Officer of the company’s French units.
A graduate of Institut Supérieur du Commerce, Bruno Faizende, 53, held various positions at Sodexo between 1985 and 2000, notably Managing Director of Sodexo “Education” France.
More on Bruno Faizende appointed Chief Executive Officer of Compagnie des Wagons-Lits.
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