12
Kurt Ritter
president and CEO, The Rezidor Hotel Group
Rezidor’s president and CEO Kurt Ritter — the longest serving president and CEO in the hospitality industry at present — moves up eleven places in this year’s Power 50, as his company continues its Middle East expansion.
Over the past 12 months, Rezidor has opened five hotels in the region: two at Yas Island in Abu Dhabi, its first ever cluster of Radisson Blu and Park Inn by Radisson; and one each in Tripoli, Madinah and Cairo.
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In total, the firm now operates 25 hotels comprising 6585 rooms in the Middle East, and has 15 hotels and 4225 rooms under development. Two of the most notable of these are the designer hotels Missoni Kuwait and Missoni Siffah in Oman.
Also in Oman, Rezidor has become the first hotel company to achieve Green Globe status for one of its properties, Park Inn Muscat, closely followed by certification for Radisson Blu Hotel, Dubai Deira Creek.
Meanwhile, as Rezidor celebrates its 50th anniversary, Ritter revealed cost savings of EUR 36 million (US $49.2 million) across the group in 2009.
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