The Group has started opening several of its properties across the markets in which it operates, in response to relaxation of measures which were imposed due to the Covid-19 pandemic.
Arena Hospitality Group published an announcement on the Zagreb Stock Exchange stating that they have has started opening several of its properties across the markets in which it operates, in response to relaxation of measures which were imposed due to the Covid-19 pandemic.
In Croatia, the Group commenced with the opening of campsites, and plans to open further selected properties over the coming two weeks. The properties designated to open and the level of operations within these properties reflect expected customer volumes and market dynamics. All operations strictly adhere to the relevant local and international health authority guidelines as well as the Group’s, PPHE’s and Radisson’s standards.
The company notes that selected properties outside Croatia will be fully operational within the coming two weeks.
Arena adds that in order to navigate through the challenging period, the Group adopted a series of exceptional operational measures. These include steps to effectively manage payroll costs and reduce other costs across the business, and the utilization of business support measures provided by governments across its geographies.
Of the CAPEX previously announced, the Group confirms that the second phase of the investments in Arena Kažela Campsite and in the self-catering apartment resort Verudela Beach Pula are now complete.