Carlson Rezidor targets 200 hotels in APAC region by 2020

Carlson Rezidor Hotel Group has set a target to achieve 200 operating hotels in its Asia Pacific portfolio by 2020 and is well on track to achieve the same, informed Thorsten Kirschke, President-Asia Pacific, Carlson Rezidor Hotel Group.

The Group announced strong 2016 results with 77 openings across the globe, the most since 2009 and signed 122 new properties marking its fourth consecutive year of signings increases. A steady growth was recorded for the Group in the Asia Pacific region with the opening of 14 hotels in 2016. In India, the Group holds a strong portfolio of 140 hotels in operation and in various stages of development. “Asia Pacific continues to be one of the most promising and energetic growth regions of the world,” he said.

“The underlying hotel performance on a like for like basis has yielded robust improvements of 8 per cent (800 bps) GOP growth. We continue to be on track to achieving our goal of attaining 200 operating hotels in our Asia Pacific portfolio by 2020,” he added.