Carlson Rezidor optimistic about ME region
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The Rezidor Hotel Group’s financial r
eport for Q1 showed a like-for-like RevPAR increase of 10.8% for the Middle East region, driven by a growth in occupancy. Saudi Arabia and the UAE reported strong RevPAR growth numbers, with Egypt recording a strong recovery in the quarter of 30.0%.
With sustained growth, the Group has strategic plans for the region with new developments. The first off the block is Radisson Blu, Riyadh and Park Inn by Radisson Jeddah. Saudi Arabia continues to be a strong priority market for the Rezidor Hotel Group. In addition to the Park Inn by Radisson, Jeddah property, announced in April, Radisson Blu Hotel, Riyadh is planned to welcome its first guests in Q1 of 2015.
Kurt Ritter, CEO and President, Carlson Rezidor said: “We are pleased to report a RevPAR growth of almost of 6% in the first quarter of the year, an increase well above the market. Eastern Europe remained the best performing region followed by the Middle East and Africa, where we see a return to more normalised trading.”
The prominence of the region is combined with back-end support with the launch of an Arabic website for Hotel Missoni in Kuwait.
