The announcement follows 2022’s strong year-on-year growth in the Middle East
Radisson Hotel Group has announced its outlook for the coming year as it continues to move towards its goal of becoming one of the top three hotel groups in the world.
In 2022, Radisson Hotel Group added five properties to its development portfolio and launched more than 1,250 keys. For 2023, the Group is looking to further expand its footprint in the region, with eight new openings in the coming months.
Currently operating 56 hotels and resorts in the Middle East region, the Group manages 15,230 keys across nine brands. With a vision to add over 5,000 keys to its expansive portfolio in the next five years, Radisson Hotel Group has 39 hotels in the pipeline, further expanding its portfolio in the region.
Speaking about the Group’s growth plans, Radisson Hotel Group vice president, development, Middle East, Pakistan, Greece and Cyprus, Elie Milky said: “The past year has been tremendously positive across key markets with a strong comeback of both leisure and business travel.
"The UAE has been leading the path to global recovery, with Saudi Arabia leading the region and the world in terms of development and investment activity. Both countries are set to continue paving the way to becoming established hubs for the travel and tourism industry.
"At Radisson Hotel Group, we remain agile to respond to ever-changing market conditions and ensure our offering continues to be diverse to cater to several investor profiles.”
Further solidifying its presence in Saudi Arabia, Radisson Hotel Group has a robust pipeline in place, including Radisson Blu Hotel, Riyadh Convention and Exhibition Center, the Group’s eighth hotel in the capital, and a Park Inn by Radisson hotel in Makkah’s Thakher City Development. In Jeddah, the Group expanded its presence by signing Radisson Hotel Jeddah, and the first Radisson RED hotel in the capital’s Diriyah Gate area.
As religious tourism is expected to return to pre-pandemic levels in 2023, the Group is set to operate more than 5,000 keys in the Holy Cities of Makkah and Madinah in the coming years.
Milky added: “We remain optimistic about the future of hospitality, and we are on track to reach our goal of having 100 properties in the region in the next three years, and 150 hotels, resorts and serviced apartments by 2030. We will continue driving significant growth and further expanding our footprint across key markets, most notably KSA and the UAE, to positively contribute to the region’s thriving tourism and travel sectors.”
With more than 45 hotels and 8,000 rooms in operation and under development, Radisson Hotel Group aims to reach 100 hotels in Saudi Arabia by 2030 after announcing the opening of a regional office in Riyadh in 2022 to support this growth.
For more information, visit www.radissonhotels.com