The renovation of the hotel Continental, to be flagged Crown Plaza, will start in 12 to 15 months and the construction of InterContinental will start in 2012, according to Živorad Vasić, director of Continental Hotel owned by the Delta Group. He said, at the conference “Economic potential of the Serbian tourism industry”, that the hotel occupancy rate is on average 50 percent or six to eight thousand stays, as a result of lowering the prices. “There are no international hotel chains in the local market, leaving space for monopolistic prices”, said Vasić. Vasić also presented the fact that Belgrade takes the last place in the ratio of rooms per capita – 2.39, whereas the ratio in Zagreb is 4.49.