+
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

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?