Radisson Hotel Group has recounted its “remarkable growth” during 2022 – a year that saw 40% more signings in the Asia Pacific region compared to the previous year.
The hotel group – which is on a mission to be one of the top three leaders globally – discusses openings across its nine brands and its growing presence in resorts.
In a business update, Radisson Hotel Group Executive Vice President and Global Chief Development Officer, Elie Younes, said he is optimistic about the year ahead and pointed to opportunity to innovate.
“We remain ambitious in 2023, hoping and aiming for the full recovery in terms of travel demand,” he said.
“On the development side, the increased inflation and cost of debt will cause a challenge but also will bring an opportunity and will most likely drive some of us to innovate.”
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, Radisson Collection Resort, Galle in Sri Lanka, and Cour des Loges Lyon, A Radisson Collection Hotel.
Upper upscale brand, Radisson RED, the vibrant and dynamic celebrated several milestone openings in 2022 in Liverpool, Madrid, Gdansk and Oslo.
Radisson – which continues to be the fastest growing upscale brand in EMEA – added properties in Belgium, Poland, Ethiopia, Tunisia, Dubai and Turkey, as well as the Maldives and India. Meanwhile, Radisson Blu – the largest upper upscale brand in Europe for over a decade – expanded in Romania, Madagascar, UK, and Spain as well as South Sudan.
Radisson Individuals expanded with over 20 properties in Italy, France, Poland, and Thailand, while the first Radisson Individuals Retreats launched in India with the opening of Rakkh Resort.
Three new prizeotel properties opened in 2022, and the group is focus on expanding this signature midscale lifestyle brand in 2023.
Radisson Hotel Group signed and opened 80 hotels in China last year and further strong growth is expected now that the market has reopened. The group is aiming to double its Chinese portfolio over the next five years.
Elsewhere in APAC, dedicated Business Units have been set up in Bangkok, Ho Chi Minh City, Jakarta, and Sydney,
In India, Radisson Hotel Group entered 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 signed its first property.
“Thanks to the trust of our owners, the relevance of our brands and the generosity of our people, we continued to deliver remarkable growth in 2022,” said Younes.
“We remain agile, tenacious and innovative to respond to the evolving market conditions in 2023, which will bring exciting challenges and opportunities.”