Radisson Hotel Groupon Wednesday announced that it has accelerated its growth in India by signing 21 hotels in 2023, under its portfolio of nine brands. In addition, the Group also announced the signing and opening of the first internationally branded hotel in Ayodhya – Park Inn by Radisson Ayodhya. “Set to welcome guests in 2024, the hotel group has marked its foray into the South Asian luxury market by signing the first Radisson Collection in India. This strategic move reaffirms Radisson Hotel Group’s commitment to delivering unparalleled experiences to its guests,” it said in a statement.
Globally, in 2023, Radisson Hotel Group set a record by adding over 30,000 keys to its international portfolio through openings and signings, marking a nearly 50 per cent increase since the launch of its 2018 transformation plan. The Radisson Blu brand maintained its position as the largest upper upscale brand in Europe for the 12th consecutive year while the Radisson brand remains the fastest-growing brand in the industry, it added.
In the Indian market, Radisson Hotel Group has over 165 hotels in operation and development. The Group has plans to soon introduce branded hotels in Vrindavan and Ujjain. Radisson Collection had an “exceptional year of signings” in 2023, with the debut of two new hotels in Hyderabad (to be operational by 2026) and Srinagar (to be operational by 2024). Radisson has signed 10 new properties over the year, targeting strategic expansion in tier-II and tier-III cities of India including Raipur, Sonamarg, Sonipat, Vrindavan, Navi Mumbai, Dera Bassi and Kevadia, along with Jhansi, Ujjain, and Vizag. It has more than 50 per cent of its portfolio in tier-II and tier-III markets.
“Thanks to the trust of our owners and the loyalty of our guests, we continued to fuel our growth in 2023. We will remain agile and nimble to stay relevant to our business stakeholders. We are committed to deepening our presence in the vibrant and booming Indian market where we currently have over 165 hotels in operation and under development,” said Elie Younes, Executive Vice President and Global Chief Development Officer at Radisson Hotel Group.
In India, the Radisson Hotel Group operates under brands, including Radisson Blu, Radisson, Radisson RED, Park Inn by Radisson, Park Plaza, Park Inn & Suites by Radisson, Country Inn & Suites by Radisson and Radisson Individuals and its extension Radisson Individuals Retreats.
“Our milestones in 2023 have carved a strong growth trajectory for us in 2024. Our strategic focus includes expanding our roots and fortifying our presence in untapped markets. Radisson Hotel Group’s countrywide hotel network takes the forefront backed by the steadfast commitment of our teams to provide an exceptional experience to our guests,” said K.B. Kachru, Chairman Emeritus & Principal Advisor, Radisson Hotel Group, South Asia.
