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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 1.090+3.8%Nov 14 9:30 AM EST
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To: EPS who wrote (7078)8/25/1998 5:58:00 AM
From: EPS  Read Replies (1) of 22640
 
Holiday Inn to open 50 hotels in Brazil

Sao Paulo, 24 - Bass Hotels & Resorts group, Holiday Inn chain's owner, plans to
open 50 hotels in Brazil in the next five years. The group intends to offer services in a
scarcely exploited area: cheap-rated business tourism. That is, receive executives
seeking a hotel for a brief stay of up to three days, charging daily rates of R$60 to
R$70. No room or laundry services, convention center and other facilities commonly
found in high standard hotels will be offered. (Folha de S.Paulo)


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