In the second quarter of 2017, The Rezidor Hotel Group continued its growth with eight new hotel openings and four signings, representing 1,397 rooms and 1,666 rooms, respectively.
Development continued with more than 100 hotels and 26,000 rooms in the pipeline across Europe, the Middle East & Africa. This includes the world's largest Radisson Blu Hotel and Park Inn by Radisson in Makkah, Saudi Arabia.
"While we continue our focus on asset light strategy in emerging markets, we are currently reviewing our approach and will launch an adjusted expansion plan in the coming months that is tailored to the current business environment and investment cycle," said Rezidor executive vice president and chief development office Elie Younes, in a statement.
The operator's mid-scale brand, Park Inn by Radisson, dominated the openings in Q2 2017. "Our mid-scale brand continues on a rapid growth trajectory," added Younes. "Seven of the eight newly opened hotels in Q2 2017 are Park Inn by Radisson hotels."
Africa continues to be an important growth market for Rezidor. Q2 2017 brought new openings of Park Inn by Radisson hotels in Nairobi Westlands, Kenya, and Kigali, Rwanda. The portfolio additions rolled in Eastern Europe with a new Park Inn by Radisson Izmailovo in Moscow, and in the Middle East with a 459-room hotel in the holy city of Makkah, Saudi Arabia.
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Rezidor continues to build on its European presence by signing a new Park Inn by Radisson in Liège, Belgium, and a new prizeotel near Munich Airport in the Hallbergmoos municipality, continuing the expansion of the economy brand through a joint venture between Rezidor and prizeotel. The group also opened its second hotel in Hasselt, Belgium - right next to the existing Radisson Blu Hotel, Hasselt, complementing the March opening of Park Inn by Radisson Brussels Airport.
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