+
Radisson to hit 200 hotels by FY24
Real Estate

Radisson to hit 200 hotels by FY24

With travel and tourism picking up after the pandemi, Radisson Hotel Group plans to expand its portfolio from 140 to 200 hotels by FY24. The company is on track to close FY23 with a 15% occupancy rate above pre-covid levels, indicating that business is back on track.

Radisson Group has 150 hotels in operation or development in 60+ locations. Radisson Collection, Radisson Blu, Radisson, Radisson RED, Radisson Individuals, Park Plaza, Park Inn by Radisson, Country Inn & Suites by Radisson, and prizeotel are all part of the Radisson portfolio.

“We continue to expand and strengthen our footprint across the country. We also sign around 12-14 hotels every year. So we aim to get to 200 hotels by FY24,” said Zubin Saxena, Managing Director and Vice-President Operations, South Asia, Radisson Hotel Group.

According to him, most opportunities in India for Radisson will be defined through Radisson Red whereas Park Inn will lead the mid-market group story, the hospitality firm.

Also Read
Airtel’s Nextra begins work on Kolkata hyper-scale centre
Mumbai Urja Marg project brought under Pragati portal

With travel and tourism picking up after the pandemi, Radisson Hotel Group plans to expand its portfolio from 140 to 200 hotels by FY24. The company is on track to close FY23 with a 15% occupancy rate above pre-covid levels, indicating that business is back on track. Radisson Group has 150 hotels in operation or development in 60+ locations. Radisson Collection, Radisson Blu, Radisson, Radisson RED, Radisson Individuals, Park Plaza, Park Inn by Radisson, Country Inn & Suites by Radisson, and prizeotel are all part of the Radisson portfolio. “We continue to expand and strengthen our footprint across the country. We also sign around 12-14 hotels every year. So we aim to get to 200 hotels by FY24,” said Zubin Saxena, Managing Director and Vice-President Operations, South Asia, Radisson Hotel Group. According to him, most opportunities in India for Radisson will be defined through Radisson Red whereas Park Inn will lead the mid-market group story, the hospitality firm. Also Read Airtel’s Nextra begins work on Kolkata hyper-scale centre Mumbai Urja Marg project brought under Pragati portal

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code