Hotel group lost millions on strike

Radisson hotelOslo.Radisson hotel.Photo: Torstein Bøe / NTB scanpix

The sales of the hotel group Rezidor, which operates chains Radisson Blu and Park Inn, dropped by nearly 30 million kroner during the hotel strike in spring.

According to Finansavisen  the group experienced a decline in the turnover of their accomodations and rooms in Norway in the second quarter of 10.3 percent compared with the same period last year.

– Seven of our 26 hotels in Norway were in way form or another affected by the strike, and this in turn led to a decrease of  3 million euros in our turnover . Our result was reduced by around 600,000 euros, compared to what it otherwise woul have been,  CFO Knut Kleiven of Rezidor says.

3 million euros corresponds to NOK 28.3 million, while 600,000 euros is equivalent to about 5.6 million kroner.
Kleiven is really surprised by how little impact the strike had on the result in the end.

– In these days of terrorism, currency fluctuations and a decline in the oil sector, the outcome of the strike and the fact that it does not cost us more, seems almost like good news,  Kleiven says.
The parties in hotel strike reached an agreement on 21 May.

Source: NTB scanpix / Norway Today