Rezidor: Economic Slowdown in Europe Impacts 3rd Quarter
“Although some new openings are likely to witness delays as a result of the credit crunch, 2008 will be another record year for Rezidor in terms of new signings. The long term strategy remains to grow our portfolio and focus on fee based high margin management and franchise contracts with limited or no down side. We have a contracted pipeline of close to 23,000 rooms out of which circa 85% are fee based and over 60% are in emerging markets,” concludes Kurt Ritter.
About the Rezidor Hotel Group | The Rezidor Hotel Group is one of the fastest growing hotel companies in the world. The group features a portfolio of 352 hotels in operation and under development, with approximately 75,000 rooms in 53 countries.
Rezidor operates the brands Radisson SAS Hotels & Resorts, Regent Hotels & Resorts, Park Inn and Country Inns & Suites in Europe, the Middle East and Africa, along with the goldpoints plusSM loyalty programme for frequent hotel guests. Rezidor has signed a worldwide license agreement with the Italian fashion house Missoni, in order to develop and operate a lifestyle hotel brand of the same name: Hotel Missoni.
In November 2006, Rezidor was listed on the Stockholm Stock Exchange. With 42%, Carlson Companies is the main shareholder.
The Corporate Office of the Rezidor Hotel Group is based in Brussels, Belgium.
For more information on Rezidor, visit .