{"id":15564,"date":"2023-01-27T02:15:00","date_gmt":"2023-01-27T02:15:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3997349_AE97349_0"},"modified":"2023-01-27T02:15:00","modified_gmt":"2023-01-27T02:15:00","slug":"radisson-hotel-group-enters-2023-with-strong-foundation-for-growth-following-signings-openings-and-market-entrances-in-2022","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=15564","title":{"rendered":"Radisson Hotel Group enters 2023 with strong foundation for growth following signings, openings, and market entrances in 2022"},"content":{"rendered":"\n\n\n
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The Group’s expansion in Asia Pacific<\/span> continues to gain momentum with the launch of new brands<\/i><\/p>\n

SINGAPORE<\/span><\/span>, Jan, 27, 2023<\/span> \/PRNewswire\/ — Radisson Hotel Group<\/a> has paved the way for a strong 2023 by strengthening its foothold in Asia Pacific<\/span>, doubling the number of signings in 2022, celebrating new openings, and announcing market entrances. Last year, growth in priority markets was spearheaded by highly localized strategies which included the establishment of dedicated Business Units with on-the-ground teams to enhance support for the Group’s owners and partners in their time zones and local languages.  <\/p>\n

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\"Radisson<\/a>
Radisson Hotel Group’s expansion in Asia Pacific continues to gain momentum with the launch of new brands<\/span><\/p>\n<\/p><\/div>\n

Over the course of 2022, the hospitality sector in the Asia Pacific<\/span> region has grown from strength-to-strength with the region reporting USD$8.4 billion<\/span> in hotel transactions from Q1 to Q3[1]<\/sup>. The tourism industry has signaled a better-than-expected recovery, with visitor numbers surpassing forecasts with global tourism arrivals poised to rise by 30% in 2023[2]<\/sup> compared to 2022. The World Travel & Tourism Council also predicted that travel revenue would contribute to overall economic growth by 71%. [3]<\/sup><\/p>\n

The APAC region is poised for domestic and international tourism recovery and primed for hospitality development in 2023. With our strategic plans for the region in full swing, Radisson Hotel Group is ready to capture the rebound of travel and realize significant regional growth over the course of the next year. Through our commitment, responsiveness and innovation, combined with the strength of our brands and global platforms, we will be able to support our owners and partners in driving the long-term commercial success of their properties,” commented Ramzy Fenianos, Chief Development Officer, Asia Pacific.  <\/b><\/p>\n

2022 KEY HIGHLIGHTS<\/b><\/p>\n

South Asia<\/span> <\/b><\/p>\n

In 2022, Radisson Hotel Group continued to establish its extensive presence in India<\/span> with 80% of the new deals signed marking entry to new leisure destinations with flagship properties signed in locations such as Goa<\/span>, Jim Corbett<\/span>, Nainital, Palampur, and Kasauli. The Group continues to command a leading presence in the Indian market. It is one of the country’s largest international hotel operators, with over 150 hotels in operation and development across 60+ locations. Radisson Hotel Group is the largest hotel operator in tier-1 markets like Delhi National Capital Region and has over 50% of its portfolio serving the tier-2 and 3 markets. <\/p>\n

New brands and extensions in the Indian market<\/b><\/p>\n