Radisson Hotel Group announces its outlook for 2023 as it looks towards robust expansion plans following success in the Middle East. The group currently operates 56 hotels and resorts in the region and manages 15,230 keys.
The brand plans to add over 5,000 keys to its portfolio in the next five years with 39 hotels currently in the pipeline.
Within the UAE alone, Radisson Hotel Group has over 16 hotels in operation. Dubai has been named the most popular destination in the world, the city continues to solidify its position as a leading hub for travel.
“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,” said Elie Milky, Vice President, Development, Middle East, Pakistan, Greece and Cyprus, Radisson Hotel Group.
“At Radisson Hotel Group, we remain agile and creative to respond to ever-changing market conditions and ensure our offering continues to be diverse to cater to several investor profiles,” he added.
Saudi Arabia is the fastest-growing market currently in the Middle East, in line with Vision 2030. The group also saw the launch of properties in the kingdom.
“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,” concluded Milky.
Radisson Hotel Group aims to reach 100 hotels in Saudi Arabia by 2030.
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