Will the downturn affect any Rixos developments under construction or in the planning stage?
We have certainly taken some precautions such as reducing our expenses in several budget items and following a strategy of savings. We are carefully watching the developments in the critical sectors but we have not considered revising any plans concerning our current investments at all. We will be opening our new facilities in Almaty and Dubai this year followed by Rixos Vienna in 2010. Rixos Marina West Bahrain is also scheduled to be in service in 2010. Will Rixos look to develop different source markets for its properties? We have achieved high guest satisfaction at the destinations where our hotels are located. We attract guests from a wide range of countries with different cultures and mentalities. All markets in the current Rixos portfolio – such as CIS countries, Germany, UK, Benelux, Romania, Bulgaria and the Middle East – are of great importance for us. Our aim is to reach our guests and to make them say “I prefer to stay at Rixos”. Our repeat guest statistics show a ratio of
