Building on Radisson Hotel Group’s 2021 milestone as the most successful year ever in terms of signings, the Group shared an update at this year’s International Hospitality Investment Forum (IHIF) outlining its impressive projections that include the opening of 15,000 rooms and achieving the signing of 330 hotels total in EMEA and APAC in 2022, as well as planned targets for continued growth of the Group’s midscale lifestyle brand, prizeotel.
Throughout 2021, Radisson Hotel Group, with the support of its shareholders Jin Jiang and Sino-Ceef, has continued to roll-out its five-year transformation plan which resulted in the implementation of best-in-class systems to maximize revenue across the Group’s hotels, as well as continued investment in the Group’s operating systems, resulting in the delivery of the best GOP in the industry. With 330 planned signings in 2022, the Group surpasses the achievements of 2021 which was the most successful year ever in the company history in terms of signings.
Radisson Hotel Group has had a strong start to 2022, signing and opening over 50 hotels to date across its EMEA and APAC portfolio. Looking ahead to the rest of 2022, the Group plans to double its number of signings in EMEA by adding 45 properties, and exponentially increase its signings in APAC by adding 285 properties, together with its partners, as the Group moves closer to achieving its goal of doubling its global portfolio through growth in APAC by 2025. A particular focus for growth across EMEA is the expansion of the Group’s midscale lifestyle brand, prizeotel.
The Group’s comprehensive portfolio of nine diverse brands with the right solution for every market, is thriving. Since the launch of Radisson Collection in 2018, the brand’s portfolio has grown to over 45 properties, including recent openings in Berlin, Bilbao and Riyadh. Radisson Blu continues to cement its position as the biggest upper-upscale brand in Europe and counts close to 400 hotels across its global portfolio, with recent additions in Spain, Madagascar, Greece, Turkey, India as well as Sri Lanka. The Radisson brand grew to nearly 300 hotels worldwide, with recent additions in Sri Lanka, Maldives, India, Vietnam, France, Turkey, as well as Tunisia. The Radisson RED portfolio expanded to nearly 70 hotels worldwide. The Group also strengthened its position in the Resort and Serviced Apartments sectors further with recent additions in India, Vietnam, Greece, Senegal, Poland, and Turkey.
Following the successful introduction of Radisson Individuals in 2020, the brand now includes over 55 hotels in operation and under development globally. In India, the Group plans to more than double its Radisson Individuals footprint by 2025. In line with market demand for unique, retreat-focused experiences, Radisson Hotel Group recently launched Radisson Individuals Retreats, a lifestyle brand extension specifically tailored for the Indian market.
The Group revealed expansions plans for its prizeotel brand which offers owners and investors a new, easy conversion solution. prizeotel is a value engineered, high-design-focused brand for tech-savvy, connected midscale lifestyle travelers in vibrant, urban locations offering convertible, flexible spaces traveler. The Group plans to expand its existing prizeotel portfolio with 45 new signings in select EU countries in the next five years, as well as introduce the brand to the UK.
“Radisson Hotel Group has had an impressive start to the year with strong progress on our ambitious transformation and growth plan. Thanks to our five-year strategic plan, we quickly put in place all the necessary tools for a swift rebound which resulted in increased bookings since the start of the year, as leisure travelers sought to make up for the last two years, and a successful end to 2021 with the most signings in the company’s history. A key factor encouraging consumers to book with us has been their interest in sustainability and Radisson Hotel Group’s strong responsible business commitment. We continue to be leaders in sustainability with our commitment to Net Zero by 2050 and by playing a key role in the development of the Hotel Sustainability Basics in cooperation with the WTTC, which raises the global starting level of hotel sustainability worldwide.,” says Federico J. Gonzalez, CEO, Radisson Hotel Group.
“Our brands, shareholders, people, and Yes I Can attitude are key strengths of Radisson Hotel Group. We continue to finetune our brand offering to ensure that we remain relevant to owners, investors, and guests. Our approach is agile, flexible, and responds swiftly to changing market demands, as seen with our Radisson Individuals brand which has delivered fantastic growth and will continue to drive growth numbers in 2022. We are looking forward to our exponential expansion in Asia Pacific and continuing our successful journey in EMEA which now also includes the roll out of prizeotel in key European cities” says Elie Younes, Global Chief Development Officer, Radisson Hotel Group.
About Radisson Hotel Group
Radisson Hotel Group is one of the world’s largest hotel groups with nine distinctive hotel brands, and more than 1,600 hotels in operation and under development in 120 countries. The Group’s overarching brand promise is Every Moment Matters with a signature Yes I Can! service ethos.
The Radisson Hotel Group portfolio includes Radisson Collection, 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 our international rewards program that delivers unique and personalized ways to create memorable moments that matter to our guests. Radisson Rewards offers an exceptional experience for our guests, meeting planners, and travel agents at over 550 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.
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 stringent health and safety requirements, as outlined in the Radisson Hotels Safety Protocol.
More than 100,000 team members work at Radisson Hotel Group and at the hotels licensed to operate in its systems. For more information, visit our corporate website. Or connect with Radisson Hotels on:
