Rezidor with strong signings in Q1 2015: 10 new hotels and 2 new countries added to pipeline - focus on emerging markets
(Thomson Reuters ONE) -
The Rezidor Hotel Group, one of the most dynamic hotel companies worldwide and a
member of the Carlson Rezidor Hotel Group, announces a strong first quarter
2015 related to project signings: the group added 10 hotels with 2,300 rooms to
the pipeline, and arrived in two new countries, Armenia and Togo. In the course
of the first quarter, 3 hotels with 330 rooms were opened, bringing the total
portfolio to 337 hotels with almost 76,000 rooms in operation and 97 hotels with
20,500 rooms under development in 75 countries across EMEA. The group continues
to hold the largest development pipeline on the African continent and to be the
leading international hotel operator in Russia/CIS & Baltics.
Signings ahead of last year
"Our signings in Q1 2015 were ahead of last year, underlining our development
pace. All contracts were fee-based and at 70% in emerging markets - supporting
our long-term strategy of asset-light and sustainable growth with a particular
focus on young, up-and-coming regions", commented Wolfgang M. Neumann, President
& CEO of Rezidor. Four signings were in Saudi Arabia and in the UAE, both core
growth markets which the group is fully committed to. In Saudi Arabia Rezidor
has a strategic country development agreement with the local Al Hokair Group
targeting 30 Radisson Blu and Park Inn by Radisson hotels across the Kingdom.
"Saudi Arabia undertakes large infrastructure investments and actively drives
travel & tourism, thus offering considerable opportunities for the development
of hotels", added Neumann.
Openings strengthen Middle East presence
The Q1 openings reflected the group's geographic focus - comprising the Radisson
Blu Resort Jizan and the Park Inn by Radisson Dammam (Saudi Arabia), as well as
the Park Inn by Radisson Hotel Apartments Al Barsha Dubai (UAE). "Whilst the
opening pace slightly slowed down during the quarter due to emerging market-
inherent challenges, the outlook for the remaining year is solid with key hotels
coming online at primary destinations like Istanbul, Cape Town and Nairobi",
said Elie Younes, Executive Vice President & Chief Development Officer of
Rezidor.
Due to the Russia sanctions Rezidor had to close the Radisson Hotel Alustha
(Crimea) in Q1 2015. Five further hotels existed the system during the quarter.
"These exits were expected as they related to loss-making agreements that were
not extended, and we saw a small positive impact on our results", said Wolfgang
M. Neumann. "Going forward, we will continue to drive asset management and to
prune our portfolio where necessary to further increase profitability", ended
Neumann.
For further media information please contact
Christiane Reiter, Senior Director Corporate Communication,
Christiane.Reiter(at)carlsonrezidor.com
Renu Snehi, Senior Director PR, Brand & Marketing Communication,
Renu.Snehi(at)carlsonrezidor.com
Press release PDF:
http://hugin.info/142138/R/1913997/683788.pdf
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Rezidor Hotel Group via GlobeNewswire
[HUG#1913997]
Unternehmensinformation / Kurzprofil:
Datum: 23.04.2015 - 16:00 Uhr
Sprache: Deutsch
News-ID 388172
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