Radisson Hotel Group Concludes a Successful Year of Regional Growth in the Middle East
It positively strengthens its presence in the Middle East and further regional expansion in KSA with two more new openings in the pipeline before the end of the year, contributing to the Group sealing more than 250 hotels signed since the start of the pandemic
As part of Radisson Hotel Group's five-year expansion and transformation plan, the dynamic group is set to reinforce its position as a global leader across the region, striving to reach 100 hotels by 2025. By the end of 2021, Radisson Hotel Group will have opened 4 hotels and 1,500 keys this year, including the opening of the Radisson Riyadh Airport, as well as the sixth hotel in Riyadh with the introduction of Radisson Blu Hotel, Riyadh Qurtuba.
Elie Milky, Vice President, Development, Middle East, Cyprus, Greece, and Pakistan at Radisson Hotel Group, said: "The year has been marked by various achievements, from key signings and numerous openings to brand and product debuts with the launch of Radisson Individuals and the opening of more resorts. We have signed 2,000 keys and opened 1,500 keys in the key markets of the UAE and Saudi Arabia as we establish scale in line with our development strategy. In 2022 we aim to leverage this momentum as we look to open another 1,500 keys with the aim of penetrating even more markets in the region. Our focus continues to be on diversifying our product offering along with our owners and investors as we develop more resorts and serviced apartments as a response to the strong demand for these attractive hospitality real estate models; while maintaining our dynamic conversions strategy to remain competitive and appealing to the changing needs of the hospitality investment landscape.
Tim Cordon, Senior Area Vice President, Middle East Africa at Radisson Hotel Group, said: "I could not be prouder of our teams across all departments and properties for these remarkable milestones which would not be possible without them. As the Middle East remains a key market for us, our ambitions to expand across the region remains steadfast as we continue to further accelerate our presence with exciting upcoming openings and signings as we head into 2022.
Building on the success of the Group's five-year expansion and transformation plan, Radisson Hotel Group is ready for the rebound of travel. It remains firmly committed to becoming the brand of choice for owners, partners, and guests.
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.
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