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Radisson Blu Hotel at Porsche Design Tower Stuttgart
Radisson Hotel Group wrapped up 2023 with strong growth, adding over 30,000 keys to its international portfolio of 10 leading brands through openings and signings. The Group has grown its business by nearly 50% since the launch of its transformation plan in 2018.
In 2023, Radisson Hotel Group celebrated a new company record by adding the largest number of keys to its portfolio, amounting to over 30,000 keys through openings and signings. The Group's flagship Radisson Blu brand continued to be Europe's largest upper upscale brand for the 12th consecutive year.
Elie Younes, Executive Vice President and Global Chief Development Officer at Radisson Hotel Group, comments: "We are grateful to our owners and colleagues who helped us achieve a strong 2023 with more than 250 signings and openings worldwide and over 30,000 keys added to our portfolio, our highest ever. We expect 2024 to be a continuation of 2023, with slower inflation and continued investor appetite in our sector. We will continue to innovate and respond to the ever-changing environment to create more opportunities for our owners and possibilities for our guests."
2023 successes across the Group's portfolio and key destinations include:
Hotel Berlin, Berlin, the Group's first Radisson Individuals property in the German capital, opened its doors as the fourth largest hotel in the city with more than 700 rooms and suites. The brand also debuted in Paris and Thailand with the respective openings of Hotel YAC Paris Clichy, a member of Radisson Individuals, and Lewit Hotel Pattaya, a member of Radisson Individuals. In India, the Group opened two new Radisson Individuals properties, Uday Palace Navsari, a member of Radisson Individuals in Navsari, and Palchan Hotel & Spa, a member of Radisson Individual Retreats in Manali.
In 2023, the Radisson Collection brand continued to grow from strength to strength, announcing several market debuts with key signings and openings in India, Nigeria, Egypt, and Lithuania, as well as additional properties in existing markets such as Belgium with the signing of Radisson Collection The National Hotel, Brussels. 2023 also brought the opening of the Radisson Collection Hotel, Santa Sofia Milan, the second property in the capital of design and fashion and its fifth in Italy.
Following the initial announcement in May 2022, Radisson Hotel Group accelerated its global growth of the premium lifestyle art'otel brand in 2023 in partnership with PPHE. Following the opening of art'otel London Battersea Power Station and the most recent art'otel opening in Zagreb, the brand's pipeline consists of upcoming openings in Rome and London Hoxton.
The Radisson brand remains the fastest-growing brand in the industry. In 2023, Radisson added nearly 40 properties to its portfolio through openings and signings. In Switzerland, the Group opened the biggest hotel in Zurich. New properties were added in the UK, and the brand also debuted in new destinations such as the tropical island of Réunion, the "Jewel of the Danube", Budapest and the "City of Winds", Baku. In India, the Group strengthened its presence even further by opening Radisson Hotel Sonamarg as the seventh hotel in the Kashmir region.
The Group's vibrant and bold Radisson RED brand entered Serbia by signing Radisson RED Belgrade. The Radisson RED brand also made its debut in Helsinki, the green capital of the world's happiest country, with the opening of Radisson RED Helsinki, as well as in Georgia with the Radisson RED Tbilisi and a signing in Thailand.
Resorts became increasingly relevant to the Group's business, owners, and guests. New additions were made with the signing of Radisson Blu Resort, Mani in Greece, Radisson Blu Resort, Kumbhalgarh in India, and Fridays Boracay, A Radisson Collection Resort in the Philippines, as well as additions in Fiji, Turkey, and Poland, where the Group is the largest resort operator. In 2024, resorts will continue to play an essential role in the Group's strategic growth plan.