Radisson adds over 30,000 keys to its international portfolio in 2023

Radisson Hotel Group has celebrated a new company record in 2023 with the addition of its largest number of keys to its portfolio, amounting to over 30,000 keys through openings and signings.

The group has grown its business by nearly 50% since the launch of its transformation plan in 2018.

The Group’s flagship Radisson Blu brand continued to be the “largest” upper upscale brand in Europe for the 12th consecutive year.
2023 successes across the group’s portfolio and key destinations include: Hotel Berlin, which was the group’s very first Radisson Individuals property in the German capital, opened its doors as the fourth largest hotel in the city with more than 700 rooms and suites. The brand also made its debut in Paris and Thailand.
Meanwhile, in India, the group opened two new Radisson Individuals properties in Navsari and Manali.

In 2023, the Radisson Collection brand made several market debuts with key signings and openings in India, Nigeria, Egypt, and Lithuania, as well as additional properties in existing markets such as Belgium and Italy.

Additionally, following the initial announcement in May 2022, Radisson Hotel Group accelerated its global growth of the “premium” lifestyle art’otel brand in 2023 in partnership with PPHE. Following the opening of art’otel London Battersea Power Station and the most recent art’otel opening in Zagreb, the brand’s pipeline consists of upcoming openings in Rome and London Hoxton.

The Radisson brand remains the “fastest” growing brand in the industry. In 2023, Radisson added nearly 40 properties to its portfolio through openings and signings. In Switzerland, the group opened the biggest hotel in Zurich. New properties were added in the UK, and the brand also made its debut in new destinations such as the tropical island of Réunion, Budapest and the “City of Winds”, Baku.

The group also stated that resorts continued to be increasingly relevant to its business,
owners, and guests, and looking ahead to 2024, resorts will continue to play an “important role in the group’s strategic growth plan”.

Elie Younes, executive vice president and global chief development officer at Radisson Hotel Group, said: “We are grateful to our owners and colleagues who helped us achieve a strong 2023 with more than 250 signings and openings worldwide and over 30,000 keys added to our portfolio, our highest ever. We expect 2024 to be a continuation of 2023, with slower inflation and continued investor appetite in our sector. We will continue to innovate and respond to the ever-changing environment to create more opportunities for our owners and possibilities for our guests.”