Radisson Hotel Group on track to meet ambitious growth targets

Radisson Hotel Group on track to meet ambitious growth targets

The company has signed and opened several landmark properties this year

Radisson Hotel Group has continued its growth and development plans in Q1 with the expansion of nine brands ranging from economy to premium luxury lifestyle across EMEA and APAC.

In the premium lifestyle segment, the company opened its fifth Radisson Collection property in Italy, Radisson Collection Hotel, Santa Sofia Milan, as well as its first Radisson Collection property in Lithuania. The group also signed its second Radisson Collection property in Brussels, Radisson Collection The National Hotel, Brussels, its first Radisson Collection property in Central Asia, Radisson Collection Hotel, Tashkent, as well as its third in Nigeria. 

Radisson Collection’s portfolio includes more than 50 properties in development and in operation.

In China, following the reopening of borders at the start of the year, the group signed and opened nearly 20 properties. These new signings and openings come off the back of a strong 2022 which saw it deliver 40% more signings in APAC compared to 2021 and open 80 hotels in China.

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Executive vice president and global chief development officer Elie Younes said: “We kicked off 2023 with strong landmark signings and openings, creating more opportunities for our owners and possibilities for our guests. In Q1, we saw extraordinary growth in EMEA as well as APAC, with a strong focus on DACH, KSA, China, Thailand, Vietnam, Australia, and India.

“Our unique portfolio of brands for urban and leisure hotels cements Radisson Blu as the largest upper upscale brand in Europe and Radisson as the fastest growing brand in EMEA’’.

Key signings and openings in Q1 included the group’s eighth hotel in Riyadh, Radisson Blu Hotel, Riyadh Convention & Exhibition Center, as well as Radisson Blu Hotel & Residences, Islamabad.

The group said its Radisson brand continued to be the fastest growing upscale brand in EMEA with the signing and opening of new properties in Greece, Saudi Arabia, Italy and Pakistan, expanding the brand’s footprint to more than 150 properties in operation and development. 

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