Interview with Wolfgang M. Neumann, The Rezidor Hotel Group

"We have been growing at a strong pace, reaching a fleet of 330 hotels in operation and 100 under development. Regarding the financial objectives of Route 2015, to increase our operating margin (EBITDA %) by 6 to 8 percentage points by 2015, we are on track to achieve this goal. Our gross margin grew by 2.1 percentage points in 2012, and the results of 2013 are very positive with an increase in EBITDA margins close to 2.