Radisson Hotel Group reports strong half-year growth in portfolio

Radisson Hotel Group has reported strong 2023 first-half strategic growth in its portfolio across the world. The group said its growth and expansion plan in the first half 2023 focused on strategic geographical expansions and a new brand architecture with the addition of the art’otel brand, which offers a unique value proposition to owners and guests that blends art with a lifestyle experience. Since the beginning of the year, the Group has welcomed more than 100+ hotel openings and signings in APAC and EMEA, which is the Asia, Pacific, Europe, Middle East and Africa regions.

According to the group, H1 2023 growth included the addition of more facilities through signings and openings across different brands in key destinations such as Greece, Germany, UK, Italy, Switzerland, France, Saudi Arabia, Nigeria, Vietnam, India, Thailand, the Philippines, and China

Elie Younes, Executive Vice President and Global Chief Development Officer at Radisson Hotel Group, comments: “Over 65% of our owners have more than one hotel with us and this is thanks to the trust of our partners, relevance of our brands and servanthood of our people. We look forward to an exciting second half of the year and wish everyone a relaxing summer break”

Ramsay Rankoussi, Vice President, Development, Africa & Turkey at Radisson Hotel Group adds: “A superb indication of our growth in Africa is the materialisation of our pipeline into openings, where we have led consistently the biggest market share for the last 36 months, translating to a commendable 15 percent growth on our African portfolio, year-on-year, placing us well on track to reach our objective of 150 hotels within the next five years from 100 hotels today. Our rate of materialisation and openings is a testament not only to the quality of our pipeline but also reflects our conversion strategy in repositioning existing hotels under one of our brands. We are also proud to further entrench our stance as the operator with the most extensive presence in Africa with once again a new market entry as the only hotel operator.”