Turismo
Yelena Baturina's Austrian Resort Sees Improved Financial Performance
In 2013, Baturina parted with an Austrian hotel management company following difficulties, and a new management team is now in place. The financial report of Grand Tirolia for the year of 2013 shows that the hotel business rallied, and reduced its losses in half - from over EUR 2 million in 2012 to EUR1.1 million in 2013. The golf course, which is also part of the resort, showed a two-fold improvement of its financial indicators for 2013.
Commenting on the financial reports, Gennady Terebkov, a representative of Yelena Baturina , said:
The Russian businesswoman has already invested about EUR 80 million in the resort, which is situated in the picturesque surroundings of the Austrian Alps. The investment was used for a range of purposes, including completing construction and for sponsoring local sports and cultural events, as well as charitable activities and international music festivals held in nearby Kitzbuhel.
Kitzbuhel Tourism Director Gerhard Walter paid tribute to Baturina's involvement in the area, saying,