Rezidor signed 32 projects and opened 14 hotels in 2013
ET | Source:Rezidor Hotel Group AB
Continued focus on asset-light growth in Emerging Markets
Rezidor, one of the most dynamic hotel companies worldwide and a member of the
Carlson Rezidor Hotel Group, has successfully ended the year 2013 with a total
of 32 project signings (6,400 rooms) and 14 hotel openings (3,300 rooms). In the
fourth quarter of 2013 alone, Rezidor has signed 8 projects with 2,150 rooms and
opened 4 hotels with 950 rooms.
"We have achieved our signings target, and remained concentrated on asset-light,
non-committed growth in Emerging Markets and selected focus countries: 75% of
all signings represent projects in our key development regions and destinations,
and are well balanced between our core brands Radisson Blu and Park Inn by
Radisson", said Wolfgang M. Neumann, President & CEO of Rezidor. 35% of all
signed rooms are located in converted or half-built properties and scheduled to
open within the next 18 months to further strengthen Rezidor's operating
portfolio within a short timeframe.
Following an in-depth year-end review, Rezidor's current pipeline features
19,500 rooms under development. "We have thoughtfully analysed our full
pipeline, and made deliberate adjustments in line with our strategy and
commercial approach", commented Elie Younes, Senior Vice President & Head of
Group Development at Rezidor. Fee-based growth through a solid pipeline is on
track to be a strong enabler of Rezidor's turnaround programme "Route 2015" -
with a planned contribution of 2-2.5% to the overall target to increase the
EBITDA Margin by 6-8% by the year 2015.
Rezidor's hotel openings slowed down slightly in 2013 due to the focus on
Emerging Markets where construction delays occur more often than in Mature
Markets. Among the flagship openings were the Radisson Blu Hotel Istanbul Pera,
the Radisson Blu Hotel Maputo, and the Radisson Blu Paradise Resort & Spa Sochi.
"With a total of 5 operating hotels in and around Sochi, we are well prepared
for the 2014 Winter Olympics. This complements our growing presence in Moscow
where we recently signed 2 new congress hotels with more than 1,000 rooms",
added Elie Younes. Rezidor's portfolio in Greater Moscow grew to 11 hotels with
more than 3,700 rooms in operation and under development, and underlined the
group's position as the leading international hotel operator in Russia/CIS &
About The Rezidor Hotel Group
The Rezidor Hotel Group is one of the most dynamic hotel companies in the world
and a member of the Carlson Rezidor Hotel Group. The group features a portfolio
of more than 430 hotels in operation and under development with 95,000 rooms in
more than 70 countries.
Rezidor operates the core brands Radisson Blu and Park Inn by Radisson in
Europe, the Middle East and Africa (EMEA), along with the Club Carlson loyalty
programme for frequent hotel guests. Under a worldwide licence agreement with
the iconic Italian fashion house Missoni Rezidor operates and develops the
lifestyle brand Hotel Missoni. Rezidor has an industry-leading Responsible
Business Programme and was awarded one the World's Most Ethical Companies by the
US think tank Ethisphere.
In November 2006, Rezidor was listed on the Stockholm Stock Exchange. Carlson, a
privately held global hospitality and travel company, based in Minneapolis
(USA), is the majority shareholder.
The corporate support office of The Rezidor Hotel Group is based in Brussels,
For further information please contact:
Ebba Vassallo, Director Investor Relations, Ebba.Vassallo@rezidor.com
Christiane Reiter, Senior Director Corporate Communication,
GlobeNewswire, a NASDAQ OMX company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.