Rezidor: 1,000 new rooms opened and 1,400 rooms signed in Q1 2012
(Thomson Reuters ONE) -
Rezidor opened four new hotels with close to 1,000 rooms, and contracted six new
hotels with over 1,400 rooms, in the first quarter of 2012. The new hotels
include the company's very first projects in the African countries of Guinea and
Gabon.
In the first quarter, Rezidor pursued its long term development strategy -
focused on profitable growth through management and franchise contracts and in
emerging markets. By the end of March Rezidor operated 327 hotels and 71,600
rooms in over 50 countries across Europe, the Middle East and Africa.
"Rezidor is well on the way to achieve targeted 2012 signings as well as
maintain momentum of openings. Upcoming flagships such as the Radisson Blu Hotel
Lusaka in Zambia, the Radisson Blu Hotel Doha in Qatar, the Park Inn London
Wembley in UK, and the Park Inn by Radisson Lille in France are scheduled to
join the system this year", says Puneet Chhatwal, Executive Vice President and
Chief Development Officer at Rezidor.
Following hotels opened during Q1 2012, all of them under management and
franchise contracts:
Park Inn by Radisson Rosa Khutor, Russia 211 rooms
Radisson Blu Hotel Istanbul Asia, Turkey 195 rooms
Okoume Palace Hotel Libreville, Gabon 320 rooms
Radisson Blu Hotel Mersin, Turkey 246 rooms
Rezidor is one of the world's fastest growing hotel companies and organic growth
has always been a key pillar of the company's strategy. Rezidor is today the
fifth largest hotel group in Europe with Radisson Blu as the largest upscale
brand as per MKG Hospitality.
Rezidor grows primarily through management and franchise contracts (while lease
contracts are only considered for strategically important markets), since those
agreements offer a higher profit margin and more stable income streams. These
fee-based contracts also help to reduce the risk exposure and make the portfolio
less volatile.
The emerging markets of Eastern Europe, Africa and the Middle East are key
development regions for Rezidor - about 75% of the group's contracted rooms are
located in those markets. Rezidor operates dedicated, fully-fledged regional
offices in Moscow, Dubai and Cape Town. Our local presence and expertise helps
us reduce the risk of delays and cancellations that is higher in emerging
markets than in mature markets.
Rezidor's pipeline features 20,000+ managed or franchised rooms due to open
within the next three to four years. It is one of the strongest pipelines in the
industry, and represents ca. 30% of the current number of rooms in operation
(compared with an industry average of ca. 20%). Once these rooms are
operational, Rezidor's EBITDA margin will increase by 2-2.5 percentage points,
supporting the EBITDA margin target of 12% over a business cycle.
Rezidor's overall goal is to have 400+ hotels with 100,000 rooms in operation,
and further 100+ hotels and 20,000+ rooms under development, covering a total of
75 countries by 2015.
For further information, kindly contact:
Christiane Reiter, Senior Director Corporate Communication
+32 2 702 9331, christiane.reiter(at)rezidor.com
Puneet Chhatwal, Executive Vice President and Chief Development Officer
+32 2 702 9348, puneet.chhatwal(at)rezidor.com
About the Rezidor Hotel Group
The Rezidor Hotel Group is one of the fastest growing hotel companies worldwide
and a member of the Carlson Rezidor Hotel Group, one of the world's ten largest
hotel groups. Rezidor features a portfolio of 427 hotels in operation and under
development with over 93,000 rooms in 69 countries. Rezidor operates the brands
Radisson Blu and Park Inn by Radisson in Europe, the Middle East and Africa,
along with the Club Carlson loyalty programme for frequent hotel guests. Under a
worldwide licence agreement with the iconic Italian fashion house Missoni,
Rezidor also operates and develops the luxury lifestyle brand Hotel Missoni.
In November 2006, Rezidor was listed on the Stockholm Stock Exchange. Carlson, a
privately held, global hospitality and travel company, based in Minneapolis
(USA), is the majority shareholder.
The Corporate office of The Rezidor Hotel Group is based in Brussels, Belgium.
For more information, visit www.rezidor.com and www.carlsonrezidor.com
Press release PDF:
http://hugin.info/142138/R/1601430/505683.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Rezidor Hotel Group via Thomson Reuters ONE
[HUG#1601430]
Unternehmensinformation / Kurzprofil:
Datum: 11.04.2012 - 14:01 Uhr
Sprache: Deutsch
News-ID 133948
Anzahl Zeichen: 5464
contact information:
Town:
Brussels
Kategorie:
Business News
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