Radisson Hotel Group accelerates growth in India with 21 signings in 2023
economictimes.indiatimes.comRadisson Hotel Group said on Wednesday it has 'accelerated' its growth in India by signing 21 hotels in 2023, under its portfolio of nine brands.
The chain said it has marked its foray into the South Asian luxury market by signing the first Radisson Collection in India.
The group also announced the signing and opening of the first internationally branded hotel in Ayodhya, the Park Inn by Radisson Ayodhya.
The company said globally, Radisson Hotel Group achieved 'remarkable' growth in 2023 setting a new record by adding over 30,000 keys to its international portfolio through openings and signings, marking a nearly 50% increase since the launch of its 2018 transformation plan.
The company said the Radisson Blu brand maintained its position as the largest upper upscale brand in Europe for the 12th consecutive year while the Radisson brand remains the fastest-growing brand in the industry.
The chain said it will soon introduce branded hotels in Vrindavan and Ujjain.
Radisson said Radisson Collection, the luxury lifestyle brand, had an 'exceptional' year of signings in 2023, with the debut of two new hotels in Hyderabad (to be operational by 2026) and Srinagar (to be operational by 2024).
The company stated Radisson continues to be the fastest-growing upscale brand in the portfolio in the country and has signed 10 new properties over the year, targeting strategic expansion in tier-II and tier-III cities of India including Raipur, Sonamarg, Sonipat, Vrindavan, Navi Mumbai, Dera Bassi and Kevadia, along with Jhansi,
