Radisson Hotel Group has concluded 2023 on a remarkable note, achieving unprecedented growth by incorporating over 30,000 keys into its international portfolio. Since the initiation of its transformation plan in 2018, the group has expanded its business by nearly 50%, marking a significant milestone.

2023 saw Radisson Hotel Group setting a new company record by adding the largest number of keys to its portfolio through openings and signings. The flagship Radisson Blu brand retained its position as Europe's largest upper-upscale brand for the 12th consecutive year, showcasing the brand's enduring appeal.

Elie Younes, Executive Vice President and Global Chief Development Officer at Radisson Hotel Group, expressed gratitude to owners and colleagues for their contribution to a strong 2023. He highlighted the addition of over 30,000 keys, the highest ever for the group. Looking ahead to 2024, Younes anticipates a continuation of the positive trends, emphasizing a focus on innovation and responsiveness to the evolving business environment.

Key Highlights of Radisson Hotel Group's Success in 2023:

Radisson Blu Dominance: Radisson Blu solidified its dominance, securing its position as Europe's largest upper-upscale brand for the 12th consecutive year.

Strategic Growth: Radisson Hotel Group strategically accelerated its global growth by partnering with PPHE to integrate the premium lifestyle art'otel brand into its portfolio. This move increased the Group’s brand portfolio to ten distinct brands, offering a unique blend of art and lifestyle.

Radisson RED Expansion: The vibrant and bold Radisson RED brand expanded its footprint, making notable entries into Serbia, Helsinki, and Georgia, introducing its social and hyper-connected hospitality to diverse destinations.

Resort Portfolio: Resorts played an increasingly relevant role in the group's business, with additions like Radisson Blu Resort, Mani in Greece, Radisson Blu Resort, Kumbhalgarh in India, and Fridays Boracay, A Radisson Collection Resort in the Philippines. Looking ahead to 2024, resorts will continue to be a crucial part of the group's strategic growth plan.

Recognition and Awards: Radisson Hotel Group received prestigious awards, including being recognized as the third-best employer worldwide in the Travel and Leisure industry by Forbes Magazine. The Group’s commitment to responsible travel earned it the Sustainable Business Award at the Global Travel Hall of Fame and the Environmental Impact Award at A World for Travel.

Outlook for 2024: Radisson Hotel Group anticipates a continuation of its successful trajectory into 2024, with a focus on slower inflation, sustained investor appetite, and a commitment to innovation in response to an ever-changing environment.

Radisson Hotel Group's 2023 achievements reflect its commitment to growth, innovation, and the creation of unique opportunities for owners and guests. The addition of over 30,000 keys and the strategic expansion of key brands position the group as a key player in the global hospitality industry. With an optimistic outlook for 2024, Radisson Hotel Group remains dedicated to shaping the future of the hospitality landscape.