Carlson Rezidor Hotel Group Announces Strong Hotel Growth and Development Momentum in 2014

February 26, 2015 // // MINNEAPOLIS - Carlson Rezidor Hotel Group, one of the world's largest and most dynamic hotel groups reported strong 2014 results with 57 openings, 84 signings and system wide revenues of $7.8 billion, a four percent increase compared to last year.

"It was an exciting and successful year with tremendous growth, development momentum, revenue increases and the launch of two new brands," said David P. Berg, chief operating officer, Carlson. "Together with our partners we are growing and strengthening our portfolio and our 2014 results are evidence of that."

The number of rooms the group opened in 2014 increased 16 percent compared to 2013 and 64 percent of new rooms opened were located in developing countries, a key focus for Carlson Rezidor. The group's global pipeline remains strong with 271 hotels under development and continues to hold the largest pipeline in Africa, India, Russia and Turkey. In 2014, Carlson Rezidor expanded into new territories with hotels opening in Trinidad and Tobago, Sierra Leone, Gabon, and Serbia. The group also signed its first hotels in the Dominican Republic, Ghana, Moldova and Uganda.

The group also launched two new brands in 2014. Quorvus Collection, catering to the luxury segment and global traveller and announced its first members: G & V Royal Mile Edinburgh, The Symphony Style Hotel Kuwait and The May Fair Hotel London. Radisson Red marked the group's entrance into the lifestyle select category and announced its first location in Shenyang Hunnan, China which will open in 2016.

The company's iconic Radisson® brand, which is now one of the most refreshed hotel brands in North America, is in the final stages of a brand-wide renovation of its more than 150 hotels. The brand is on track to have the entire portfolio completed during the first part of 2015. Together with its franchise partners, Carlson has invested more than $600 million over the past five years into refreshing the Radisson portfolio. As a result, Radisson has moved up four spots on J.D. Power and Associates ranking of full service hotels, making it the most improved hotel chain in its category. Radisson is the largest international operator of upscale hotels in Brazil and Radisson Blu® remains Europe's largest upper upscale hotel brand – both in number of hotels and number of rooms in operation.

In 2014, Park Plaza® opened two new hotels, Park Plaza Belvedere Medulin in Istria, Croatia and Park Plaza Zirakpur in India. The group also opened 11 Park Inn by Radisson® locations and its first dual branded hotel, the Radisson Blu Hotel Oslo Alna and Park Inn by Radisson Hotel & Conference Centre Olso Alna, Norway.

Country Inns & Suites By CarlsonSM announced a three-year sponsorship agreement with Top Ten World Ranked PGA TOUR Professional, Zach Johnson and opened 12 hotels in the U.S. and three hotels in India. Over 30 percent of Country Inns & Suites more than 470 locations are currently under active renovation to the brand's newest design.

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SOURCE Carlson Rezidor Hotel Group


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