Radisson Hotel Group adds 137 hotels to Asia Pacific portfolio
Radisson Hotel Group has added 137 new hotels to its portfolio in Asia Pacific. This brings its portfolio to a total 365 properties, with 191 operational and 174 under development.
In a Feb 22 announcement, Radisson Hotel says its master brand development agreements in China are playing a pivotal role in expediting its global growth strategy. In partnership with Jin Jiang International and its subsidiaries, 122 new hotels and resorts covering four brands in the market were signed in 2021.
The group also signed 15 hotels as it continues its growth momentum in key markets such as Australia and India, and its expansion into Papua New Guinea.
In 2021, Radisson Hotel saw the opening of 41 new hotels, including the debut of Radisson Collection in Asia Pacific with five properties in China. The properties are located across Shanghai, Nanjing and Wuxi.
“I am delighted by our achievements in 2021, as we remained focused on our long-term goals despite significant short-term challenges,” says Katerina Giannouka, president, Asia Pacific, at Radisson Hotel Group.
Ramzy Fenianos, the group’s chief development officer, Asia Pacific, highlights that Radisson Hotel has doubled its footprint in China in the last 18 months and opened its 100th hotel in India, reflecting the group’s focus on these critical markets.
“Looking ahead, we will continue to ramp up our efforts in these key countries, as well as focusing on Australasia and Southeast Asia, and seeking opportunities including leasing, mergers and acquisitions, and joint ventures in Asia Pacific’s gateway cities, such as Singapore, Seoul and Tokyo,” he adds.