Radisson Hotel Group enters 2023 with solid foundations for growth following signings, openings and market entries in 2022

The Group’s expansion in Asia Pacific continues to grow with the launch of new brands

SINGAPORE, January 27, 2023 /PRNewswire/ — Radisson Hotel Group paved the way for a strong 2023 by strengthening its roots in Asia Pacific, doubling the number of signings in 2022, celebrating new openings and announcing market entries. Last year, growth in priority markets was driven by highly localized strategies that included the creation of dedicated business units with on-the-ground teams to improve support to Group owners and partners in their time zones and local languages.

Radisson Hotel Group’s expansion in Asia Pacific continues to gain momentum with the launch of new brands

During the year 2022, the hospitality sector in the Asia Pacific the region has grown from strength to strength with the region reporting US$8.4 billion hotel transactions from Q1 to Q3[1]. The tourism industry has reported a better-than-expected recovery, with visitor numbers beating forecasts, with global tourist arrivals set to increase by 30% in 2023[2] compared to 2022. The World Travel & Tourism Council also predicted that travel revenue would contribute 71% to overall economic growth. [3]

The APAC region is poised for domestic and international tourism recovery and ready for hotel development in 2023. With our strategic plans for the region in full swing, Radisson Hotel Group is poised to seize the rebound in travel and achieve significant regional growth over the next year. Through our commitment, responsiveness and innovation, combined with the strength of our global brands and platforms, we will be able to help our owners and partners ensure the long-term commercial success of their properties,” commented Ramzy Fenianos, Business Development Manager, Asia-Pacific.

2022 HIGHLIGHTS

South Asia

In 2022, Radisson Hotel Group continued to establish its broad presence in India with 80% of new deals signed marking entry into new leisure destinations with flagship properties signed in places such as Goa, Jim Corbett, Nainital, Palampur and Kasauli. The Group continues to ensure a leading presence in the Indian market. It is one of the largest international hotel operators in the country, with more than 150 hotels in operation and under development at more than 60 sites. Radisson Hotel Group is the largest hotel operator in Tier 1 markets like the National Capital Region of Delhi and has over 50% of its portfolio serving Tier 2 and 3 markets.

New brands and extensions in the Indian market

  • Radisson Individual Retreats – Tailored to the Indian market, the new brand extension will encompass a collection of lifestyle retreats offering out-of-this-world experiences for travelers while allowing owners to retain their distinct identity and benefit from the Group’s cutting-edge technology. Since its launch in April 2022the Group has signed three hotels across India and opened its first property, Rakkh Resort, a member of Radisson Individuals Retreats in December 2022. Located in Palampur, Himachal Pradesh, the resort is set against the pristine backdrop of the snow-capped Dhauladhar Ranges and offers an immersive guest experience based on sustainability and community engagement.

  • Park Inn & Suites by Radisson – The launch of a new midscale brand, Park Inn & Suites by Radisson, will fuel the Group’s next phase of growth in Tier 2-5 markets. To facilitate growth, a strategic partnership has been signed with Ruptub Solutions Private Limited to add 150 hotels over the next decade. The first hotel has been signed in Guruvayur, Kerala, and is expected to open by 2024. Going forward, the group will further develop the Park Inn & Suites by Radisson brand through master franchise agreements, collaboration and brand development with quality hotel development partners.

South East Asia & Pacific and the wider APAC region

In 2022, Radisson Hotel Group strengthened its operations in five key markets and established local business units in Jakarta, sydney, bangkok and Ho Chi Minh Citywhich will pilot its development strategy on the market and while strengthening the close collaboration with its owners and local partners.

New signings and openings in key destinations

  • ThailandThe Group has signed five hotels under the Radisson Individuals and Radisson brands, including flagship properties in major leisure destinations such as Pattaya, phuketHua Hin and bangkok. This includes the 179-room Radisson Resort & Suites Phuket, located on the west coast of Thailand first island destination, which also opened the same year.

  • VietnamThe Group has strengthened its presence in Vietnam with the opening of Radisson Hotel Danang and Radisson Resort Phan Thiet. He also announced the signing of the 128-key Radisson Resort Mui Ne, nestled on the beach in Suoi Nuoc, a popular beach destination on the country’s southeast coast.

  • Sri Lanka2022 marked the entry of Radisson Hotel Group into Sri Lanka with the signing and opening of three hotels. This includes the launch of the Radisson Blu resort in Galle and two upscale Radisson hotels in Colombolocated both in the capital and in Kandy, the cultural heart of the island.

  • Papua New GuineaThe Group has opened a new chapter and entered Papua New Guinea with the opening of the 156-room Grand Papua Hotel, a member of Radisson Individuals, located in the center of Port Moresby.

  • China – In China, Radisson Hotel Group continues to grow rapidly through organic and master franchise agreements. The company has signed and opened more than 80 hotels in China under the Radisson RED, Park Inn by Radisson, park squareand Country Inns & Suites by Radisson.

LOOKING FORWARD TO 2023

This year, Radisson Hotel Group will continue to be at the forefront of delivering exceptional value to owners and partners through a personalized and highly localized approach in its key markets, while leveraging its strong presence in two of the most major travel source markets in the world, China and Indiaas the recovery gathers pace in 2023.

Innovation will also take center stage following the Group’s significant investments in state-of-the-art IT systems, through the deployment of Hotelkit and Radisson+ which will provide increased personalization and enhance the guest experience.

Additionally, the group launched its revamped Radisson Rewards program in the last quarter of 2022 to provide the fastest path to industry-leading status, unique experiences and benefits, and the ability for guests to make their stay carbon neutral. Radisson Rewards is one of the few loyalty programs to offer this option, making green stays even easier.

To learn more about Radisson Hotel Group, visit www.radissonhotels.com/development.

MEDIA CONTACT:

Abigail FooAssociate Director, PR & Communications, Asia Pacific
[email protected]

The HRG team at Klareco Communications
[email protected]

RADISSON HOTEL GROUP

The Radisson family of brands is present worldwide in more than 120 countries, with more than 1,700 hotels currently in operation and under development. Radisson Hotel Group operates in EMEA and APAC with more than 1,100 hotels in operation and under development. The international hotel group is growing rapidly with a plan to double the portfolio by 2025. The group’s overarching brand promise is Every Moment Matters with a signature Yes I Can! service ethic.

The Radisson family portfolio of brands includes Radisson Collection, Radisson Blu, Radisson, Radisson RED, Radisson Individuals, park squarePark Inn by Radisson, Country Inn & Suites by Radisson and prizeotel united under the same commercial umbrella brand Radisson Hotels.

Radisson Rewards is Radisson Hotel Group’s loyalty program, which offers an exceptional experience that makes every moment count. As the most streamlined program in the industry, members receive exceptional benefits and can access their benefits from day one at a wide range of hotels in Europe, Middle East, Africaand Asia Pacific.

Radisson Meetings offers tailor-made solutions for any event or meeting, including hybrid solutions that place 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 brilliant foundations and being uniquely 100% carbon neutral.

At Radisson Hotel Group, we caring for people, communities and the planet and aim to be net zero by 2050 based on approved short-term science goals. With unique solutions such as 100% Carbon Neutral Radisson Meetings, we make sustainable hotel stays easy. To facilitate sustainable travel choices, all of our hotels are verified on Hotel Sustainability Basics.

The health and safety of guests and team members remains a top priority for Radisson Hotel Group. All properties in the Group’s portfolio are subject to strict health and safety requirements, as set out in the Radisson Hotel Security Protocol. Safety protocol is an integral part of Radisson Hotel Group’s safety and security program, ensuring that we always take care of our guests and team members.

For more information visit our Company Website.

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[1] https://www.thehotelconversation.com.au/news/2022/10/20/asia-pacific-hotel-investment-exceed-us107-billion-2022-jll-report/1666247906

[2] https://www.traveldailymedia.com/global-tourism-arrivals-will-increase-by-30-in-2023-eiu/#:~:text=The%20report%20finds%20that%20global,covid%20strategy% 20 will%20delay%20recovery.

[3] https://www.cnbc.com/2022/10/17/when-will-asias-travel-industry-recover-maybe-as-soon-as-2023.html

(PRNewsfoto/Radisson Hotel Group)

(PRNewsfoto/Radisson Hotel Group)

SOURCE Radisson Hotel Group

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