RADISSON HOTEL GROUP LEADS GROWTH IN Q1 2024 WITH FOCUS ON APAC AND NEW MARKETS
At this year’s International Hospitality Investment Forum (IHIF), Radisson Hotel Group announced its latest development update and continued growth strategy across the Group’s diverse portfolio of 10 leading brands. |
|
RADISSON HOTEL GROUP LEADS GROWTH IN Q1 2024 WITH FOCUS ON APAC AND NEW MARKETS
At this year’s International Hospitality Investment Forum (IHIF), Radisson Hotel Group announced its latest development update and continued growth strategy across the Group’s diverse portfolio of 10 leading brands. |
Category: Worldwide - Exclusive experiences
- What's new?
This is a press release selected by our editorial committee and published online for free on 2024-04-16
The Group’s current portfolio consists of more than 1,340 properties in 95+ countries, including Radisson Blu, the largest upper upscale brand in Europe for the 12th consecutive year, and Radisson, the fastest growing upscale brand in the industry in EMEA and South East Asia.
Following a record-breaking 2023, Radisson Hotel Group further extended its portfolio in Q1 2024 with strategic signings and openings across EMEA and APAC.
The United Kingdom, India, and China continue to be leading growth countries, along with exciting debuts in new thriving markets and resort destinations, such as Montenegro, Indonesia and Laos, with the signings of respectively Radisson Blu Hotel & Resort, Kolasin; Radisson Resort Anyer, the Group’s first resort offering a glamping concept, and Radisson RED Vientiane in the capital of Laos.
Elie Younes, Executive Vice President and Global Chief Development Officer at Radisson Hotel Group, comments: “Over the last 5 years, we have grown the business by nearly 50% and continue to achieve incredible results thanks to the trust of our partners and relevance of our brands. In Q1, we unlocked further opportunities for our owners and guests with over 50 properties opened and signed. We find solutions in the current difficult lending climate and look forward to adding more hotels and resorts as we look ahead to the rest of this year.”
Radisson Hotel Group’s success in EMEA continues to grow from strength-to-strength, with Radisson Blu leading the way as the largest upper upscale brand in Europe. More than 30% of the Group’s growth in Q1 2024 in EMEA consisted of new Radisson Blu signings, including properties in Italy and Montenegro.
The Radisson Individuals portfolio grew with key signings in the United Kingdom and France including the seaside The View Hotel Folkstone, a member of Radisson Individuals and the boutique La Villa d’Italie Menton, a member of Radisson Individuals. Milestone openings included the Group’s first safari hotel in South Africa, Radisson Safari Hotel Hoedspruit, the Group’s sixth Radisson Collection property in Italy, Radisson Collection Hotel, Roma Antica, and the vibrant Radisson RED brand’s debut in Southeast Europe, Radisson RED Belgrade, in partnership with PPHE Hotel Group (‘’PPHE’’).
Since the expansion of the Group’s strategic partnership with PPHE, first announced in 2022, Radisson Hotel Group and PPHE have opened several award-winning properties, including Grand Hotel Brioni Pula, a Radisson Collection Hotel, art’otel London Battersea Power Station, and art’otel Zagreb as part of the integration of the lifestyle brand art’otel into the Group’s dynamic brand umbrella of 10 diverse brands.
Hot on the heels of art’otel’s existing properties in Amsterdam, Berlin and Cologne, new contemporary properties will open in key cosmopolitan cities and sought-after neighborhoods, including Rome (art’otel Rome Piazza Sallustio) and the next London flagship property, art’otel London Hoxton, both set to open in H1 2024.
Also set to open in Q2 2024 will be Radisson RED Berlin Kudamm, the second Radisson RED property in partnership with PPHE and Germany’s first Radisson RED property.
Looking ahead to the remainder of 2024, Radisson Hotel Group will continue to harness the power of its 10 global brands – offering the right solution for each market, whilst at the same time continuing to build strategic partnerships and responding to the ever-changing environment, creating more opportunities for owners and guests.
About Radisson Hotel Group
Radisson Hotel Group is an international hotel group, operating in EMEA and APAC with over 1,340 hotels in operation and under development in +95 countries. The international hotel group is rapidly expanding with a plan to significantly grow the portfolio. The Group’s overarching brand promise is Every Moment Matters with a signature Yes I Can! service ethos.
The Radisson family of brands portfolio includes Radisson Collection, art’otel, Radisson Blu, Radisson, Radisson RED, Radisson Individuals, Park Plaza, Park Inn by Radisson, Country Inn & Suites by Radisson, and prizeotel brought together under one commercial umbrella brand Radisson Hotels.
Radisson Rewards is Radisson Hotel Group’s loyalty program, which delivers an elevated experience that makes Every Moment Matter. As the most streamlined program in the sector, members enjoy exceptional advantages and can access their benefits from day one across a wide range of hotels in Europe, Middle East, Africa, and Asia Pacific.
Radisson Meetings provides tailored solutions for any event or meeting, including hybrid solutions placing guests and their needs at the heart of its offer. Radisson Meetings is built around three strong service commitments: Personal, Professional and Memorable, while delivering on the brilliant basics and being uniquely 100% Carbon Neutral.
At Radisson Hotel Group we care for people, communities and planet and aim to be Net Zero by 2050 based on the approved near-term Science Based Targets. With unique solutions such as 100% carbon neutral Radisson Meetings, we make sustainable hotel stays easy. To facilitate sustainable travel choices, all our hotels are becoming verified on Hotel Sustainability Basics.
The health and safety of guests and team members remain a top priority for Radisson Hotel Group. All properties across the Group’s portfolio are subject to health and safety requirements, ensuring we always care for our guests and team members.
|
|
