Reval Hotels
Observer Eesti Oü

WEEK 31. 2005

Monday, 1st of August, 2005

Interest towards smaller business areas lasts
Demand for smaller business areas in outskirts and city does not seem to lessen. Economical environment is good and citizens’ incomes increase. Area between the Viru Square and Tallinn Harbour will be built more attractive and this should increase the number of pedestrians there. Increasing number of tourists in the Old Town supports the success of traders there.

Wednesday, 3rd of August, 2005

Tourism entrepreneurs earn considerable money this summer
Summer has been successful to Estonian hotels, restaurants and tourism farms. Üllar Tali, general director of Tallink’s Best Western Hotel says that they have done well and autumn seems even more optimistic. Barclay Hotel in Tartu had 80 % occupancy in July. Typical tourist in Tartu is an elderly foreigner travelling by bus. Summer has been extremely successful for Pärnu hotels. Occupancy in three biggest Pärnu hotels (Best Western, Rannahotell and Strand) varies between 95-98 %.

Friday, 5th of August, 2005

Car sales grew by third in a year
Car traders of Estonia sold 1654 new cars in July. This is 33 percent more than in respective period last year.
Most sold cars in July were Toyota Corolla (83), and surprisingly _koda Octavia (65) and Hyundai Getz (62). _koda Octavia is popular among entrepreneurs and small car Hyundai Getz among private buyers. One of the reasons for the success of Hyundai has also been the entering of a new Hyundai vendor AS Japauto.
“This is a historic moment for us,” said Margus Mikk, executive director of Hyundai Motor Baltic Ltd. According to Mikk, the total sale of Hyundai surpassed the limit of 100 cars for the first time in history. Compared to respective period last year, the sale of Hyundai has grown 1.8 times. Mikk added that the result of first seven months enables to prognosticate 850 cars for the annual quantity.

Previous weeks:

Back to Baltic Business Monitor
Archives 2003-2005

 TERMS & CONDITIONS / KÄYTTÖOIKEUDET. © Oy Compiler Ab. All rights reserved.