After recording surprising growth over the previous challenging years, Radisson Hotel Group is aiming to triple its portfolio in Asia-Pacific over the next five years.
According to the Radisson Hotel Group’s 2020 growth report, the group has opened a total of 84 new properties under eight different brands across the Asia-Pacific region, most of which are hotels and resorts in China as a result of its partnership with Jin Jang International.
Specifically, Radisson has opened eight more Radisson Red properties, six Park Plaza hotels, 21 Park Inns and 37 Country Inn and Suites properties. In addition, the group also signed the forthcoming project of Radisson Blu and Radisson Collection hotels in Nanjing, China.
In the Indian market, Radisson has signed eight new hotels, including Park Inn by Radisson Mashobra Resort, Park Inn by Radisson Jabalpur, Park Inn by Radisson Prayagraj, Radisson Hotel Dehradun, Radisson Resort and Spa Lonavala, Radisson Blu Hotel Jaipur Malviya Nagar, Radisson Resort Pondicherry Bay and The White Hotel, Katra.
In Southeast Asia, Radisson proceeds to bring its world-leading brands into the Vietnamese market, signing Radisson Resort projects in Phan Thiet and Radisson Blu Resort & Spa in Van Phong Bay.
Radisson is targeting a tripling of its portfolio over the next five years, “through a blend of organic growth in key markets, such as China, India, South East Asia, Australia and New Zealand, and master brand development agreements with Jin Jiang International and its subsidiaries in China,” according to the hotel group.
“I am very proud of our achievements in 2020, as we remained focused on our long-term goals while responding to unprecedented global upheaval. We reached several major milestones, including the launch of Radisson Individuals, the introduction of Radisson Collection to China, and the signing of new hotels in many exciting new markets,” commented Radisson Hotel Group president Asia, Katerina Giannouka.
“With respected core brands, innovative new concepts, and a fresh focus on high-growth sectors such as serviced apartments, we are confident of a bright future,” she added.