The Rezidor Hotel Group announces its 5-Year operating plan at the Investors Day
Today, at its 2018 Investors Day in Frankfurt, Germany, Federico J. González, President & CEO of The Rezidor Hotel Group AB (publ) (REZT:STO) & Chairman of the Global Hotel Steering Committee of the Carlson Rezidor Hotel Group, together with his Executive Committee, will provide a detailed overview of the company's business strategy and operating plan over the next 5 years.
Rezidor, currently the sixth-largest hotel group in Europe, will build on its already strong competitive position in the EMEA region, while leveraging its strategic partnership with Carlson Hotels to further strengthen its powerful brands. It also aims to align its global brand portfolio around its leading brand, Radisson, to drive the expansion plans, and marketing, commercial and operational initiatives.
"Over the next five years, we'll will build on our unique service heritage of making every moment matter for our guests, owners, shareholders and employees by being a true host and best partner," says Mr. González. "Success of our 5-year operating plan means that whenever a guest plans a trip, whenever an investor or owner thinks of a partner, whenever a person wants to work in hospitality - they will all think of our company first."
On 17th January, Rezidor's Executive Committee will present an insight-based concrete operating plan build up on 25 business initiatives focused on Portfolio Management; Brand & Product; Marketing, Sales & Revenue Management; Organization, Talent & Reputation; Best Systems; Cost Advantage and Scale.
Based on a thorough diagnostic and analysis of the current performance and future upside of the business, Rezidor aims to deliver Revenue Growth of 6-7% on an annual basis. The EBITDA Margin is expected to reach 13-15% by the end of 2022. As investments are needed to successfully achieve these targets, the performance will be modest over Phase 1 of the operating plan (2018 - 2020) where basics of growth will be put in place. Higher growth can be expected between year 2021 - 2022.
As part of the new global brand architecture launch, Rezidor will reposition 30-35 of its hotels with a total Capex of €140-150 million. The company will also invest €75-€80 million in fixtures, furniture and equipment (FF&E) and key money in new hotels. The business development strategy will focus on net opening of 13,000 new rooms. As part of a renewed asset-right growth strategy, Rezidor will also focus on entering new lease agreements in mature markets.
Rezidor's Investors Day will include presentations from Knut Kleiven, Deputy President & Chief Financial Officer; Chema Basterrechea, Executive Vice President & Chief Operating Officer; Eric de Neef, Executive Vice President & Global Chief Commercial Officer; Elie Younes, Executive Vice President & Chief Development Officer; and Iñigo Capell, Executive Vice President & Executive Vice President & Global Chief Resources Officer.
All presentations of the Investor Day will be available on the company website:
http://www.investor.rezidor.com/phoenix.zhtml?c=205430&p=irol-irhome
About Radisson Hotel Group
Radisson Hotel Group is one of the world's largest hotel groups with nine distinctive hotel brands, and more than 1,600 hotels in operation and under development in 120 countries. The Group's overarching brand promise is Every Moment Matters with a signature Yes I Can! service ethos.
The Radisson Hotel Group portfolio includes Radisson Collection, Radisson Blu, Radisson, Radisson RED, Radisson Individuals, Park Plaza, Park Inn by Radisson, Country Inn & Suites by Radisson, and prizeotel brought together under one commercial umbrella brand Radisson Hotels.
Radisson Rewards is our international rewards program that delivers unique and personalized ways to create memorable moments that matter to our guests. Radisson Rewards offers an exceptional experience for our guests, meeting planners, and travel agents at over 550 hotels in Europe, Middle East, Africa and Asia Pacific.
Radisson Meetings provides tailored solutions for any event or meeting, including hybrid solutions placing guests and their needs at the heart of its offer. Radisson Meetings is built around three strong service commitments: Personal, Professional and Memorable, while delivering on the brilliant basics and being uniquely 100% Carbon Neutral.
The health and safety of guests and team members remain a top priority for Radisson Hotel Group. All properties across the Group's portfolio are subject to stringent health and safety requirements, as outlined in the Radisson Hotels Safety Protocol.
More than 100,000 team members work at Radisson Hotel Group and at the hotels licensed to operate in its systems. For more information, visit our corporate website. Or connect with Radisson Hotels on:
