Radisson Hotel Group outlines its “tremendous growth” in 2022 – The year saw 40% more signings in the Asia Pacific region compared to the previous year.
The hotel group – which aims to be one of the top three global leaders – will discuss openings across its nine brands and growing presence at resorts.
In a business update, Radisson Hotel Group Executive Vice President and Global Chief Development Officer, Eli Younes, indicated that he is optimistic about the year ahead and the opportunity for innovation.
“We are ambitious in 2023, expecting and targeting a full recovery in terms of travel demand,” he said.
“On the development side, increased inflation and debt spending pose a challenge, but it also brings an opportunity and innovates for some of us.”
Luxury lifestyle brand Radisson Collection introduced six new hotels last year in Bilbao, Pula, Tirana, Riyadh, Tallinn and Istanbul. This year, the group is looking forward to the addition of Radisson Collection, Santa Sofia Milan, Radisson Collection Royal Astorija Hotel, Vilnius, Galle, Sri Lanka, Radisson Collection Resort and Cour des Loges Lyon, a Radisson Collection Hotel.
Upscale brand, Radisson RED, celebrated a number of landmark openings in Liverpool, Madrid, Gdansk and Oslo in 2022, vibrant and dynamic.
Radisson – which continues to be the fastest-growing upscale brand in EMEA – has added properties in Belgium, Poland, Ethiopia, Tunisia, Dubai and Turkey, as well as the Maldives and India. Meanwhile, Radisson Blu – Europe’s biggest upscale brand for a decade – has expanded into Romania, Madagascar, the UK and Spain, as well as South Sudan.
Radisson Individuals has expanded to more than 20 properties in Italy, France, Poland and Thailand, while the first Radisson Individuals retreats opened in India with the opening of Rakh Resort.
Three new Prizotel properties are slated to open in 2022 and the group is focused on expanding this signature midscale lifestyle brand in 2023.
Radisson Hotel Group signed and opened 80 hotels in China last year and expects even stronger growth now that the market has reopened. The group aims to double its China portfolio in the next five years.
Elsewhere in APAC, separate business units have been set up in Bangkok, Ho Chi Minh City, Jakarta and Sydney.
In India, Radisson Hotel Group has entered into a strategic alliance with Ruptub Solutions Private Limited to add 150 hotels to its portfolio under the midscale brand, Park Inn and Suites by Radisson, and has signed its first property.
“Thanks to the trust of our owners, the relevance of our brands and the generosity of our people, we continue to deliver impressive growth in 2022,” Younes said.
“We will be agile, persistent and innovative to respond to evolving market conditions in 2023, which will bring exciting challenges and opportunities.”
