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Radisson Hotel Group enters 2023 with strong foundation for growth following signings, openings, and market entrances in 2022  The Group’s expansion in Asia Pacific continues to gain momentum with the launch of new brands

26 January 2023

Corporate

Radisson Hotel Group enters 2023 with strong foundation for growth following signings, openings, and market entrances in 2022 The Group’s expansion in Asia Pacific continues to gain momentum with the launch of new brands

The Group’s expansion in Asia Pacific continues to gain momentum with the launch of new brandsRadisson Hotel Group has paved the way for a strong 2023 by strengthening its foothold in Asia Pacific, doubling the number of signings in 2022, celebrating new openings, and announcing market entrances. Last year, growth in priority markets was spearheaded by highly localized strategies which included the establishment of dedicated Business Units with on-the-ground teams to enhance support for the Group’s owners and partners in their time zones and local languages. Over the course of 2022, the hospitality sector in the Asia Pacific region has grown from strength-to-strength with the region reporting USD$8.4 billion in hotel transactions from Q1 to Q31 . The tourism industry has signaled a better-than-expected recovery, with visitor numbers surpassing forecasts with global tourism arrivals poised to rise by 30% in 20232 compared to 2022. The World Travel & Tourism Council also predicted that travel revenue would contribute to overall economic growth by 71%3. "The APAC region is poised for domestic and international tourism recovery and primed for hospitality development in 2023. With our strategic plans for the region in full swing, Radisson Hotel Group is ready to capture the rebound of travel and realize significant regional growth over the course of the next year. Through our commitment, responsiveness and innovation, combined with the strength of our brands and global platforms, we will be able to support our owners and partners in driving the long-term commercial success of their properties,” commented Ramzy Fenianos, Chief Development Officer, Asia Pacific. 2022 KEY HIGHLIGHTS South Asia In 2022, Radisson Hotel Group continued to establish its extensive presence in India with 80% of the new deals signed marking entry to new leisure destinations with flagship properties signed in locations such as Goa, Jim Corbett, Nainital, Palampur, and Kasauli. The Group continues to command a leading presence in the Indian market. It is one of the country’s largest international hotel operators, with over 150 hotels in operation and development across 60+ locations. Radisson Hotel Group is the largest hotel operator in tier-1 markets like Delhi National Capital Region and has over 50% of its portfolio serving the tier-2 and 3 markets. New brands and extensions in the Indian market • Radisson Individuals Retreats - Tailored for the Indian market, the new brand extension will encompass a collection of boutique lifestyle retreats offering out-of-the-ordinary experiences to travelers while allowing the owners to retain their distinct identity and benefit from the Group’s cutting-edge technology. Since its launch in April 2022, the Group has signed three hotels across India and opened its first property, Rakkh Resort, a member of Radisson Individuals Retreats in December 2022. Located in Palampur, Himachal Pradesh, the resort is set against the pristine backdrop of the Dhauladhar snow-capped ranges and offers an immersive guest experience built on sustainability and community engagement.• Park Inn & Suites by Radisson - The launch of a new midscale brand, Park Inn & Suites by Radisson, will fuel the Group’s next phase of growth in tier 2 to 5 markets. To facilitate the growth, a strategic partnership has been signed with Ruptub Solutions Private Limited to add 150 hotels over the next decade. The first hotel has been signed in Guruvayur, Kerala, and is slated to open by 2024. Looking ahead, the Group will further expand the Park Inn & Suites by Radisson brand by way of master franchise, collaboration, and brand development agreements with high-quality hotel development partners. Southeast Asia & Pacific and the wider APAC region In 2022, Radisson Hotel Group strengthened its operations in five key markets and established local business units in Jakarta, Sydney, Bangkok and Ho Chi Minh City, that will drive its in-market development strategy and while increasing the close collaboration with its local owners and partners. New signings and openings in key destinations • Thailand – The Group signed five hotels under the Radisson Individuals and Radisson brands, including flagship properties in top leisure destinations such as Pattaya, Phuket, Hua Hin, and Bangkok. This includes the 179-room Radisson Resort & Suites Phuket, set on the west coast of Thailand’s leading island destination, which also opened in the same year. • Vietnam – The Group expanded its presence in Vietnam with the opening of Radisson Hotel Danang and Radisson Resort Phan Thiet. It also announced the signing of the 128-key Radisson Resort Mui Ne, nestled on Suoi Nuoc Beach, a popular beachside destination on the country’s southeastern coast.• Sri Lanka – 2022 marked the entry of Radisson Hotel Group into Sri Lanka with the signing and opening of three hotels. This includes the launch of the Radisson Blu resort in Galle, and two upscale Radisson hotels in Colombo, located in both the capital city and in Kandy, the cultural heart of the island. • Papua New Guinea – The Group embarked on a new chapter and entered Papua New Guinea with the opening of the 156-key Grand Papua Hotel, a member of Radisson Individuals, centrally located in Port Moresby. • China - In China, Radisson Hotel Group continues to expand rapidly through organic and master franchise agreements. The company signed and opened over 80 hotels in China under the brands Radisson RED, Park Inn by Radisson, Park Plaza, and Country Inns & Suites by Radisson. LOOKING AHEAD TO 2023This year, Radisson Hotel Group will continue to be at the forefront of delivering exceptional value to owners and partners through a tailored and highly localised approach in its key markets, while leveraging its strong presence in two of the world’s largest travel source markets, China and India, as recovery accelerates in 2023. Innovation will also take centerstage following the Group’s significant investment in state-of-the-art IT systems, through the roll-out of Hotelkit and Radisson+ that will deliver increased personalization and enhance the guest experience. In addition, the Group launched its revamped Radisson Rewards program in the last quarter of 2022 to offer the fastest route to top tier status in the industry, unique experiences & benefits, as well as the possibility for guests to make their stay carbon neutral. Radisson Rewards is one of the few loyalty programs to offer this option, making green stays even easier. 1. https://www.thehotelconversation.com.au/news/2022/10/20/asia-pacific-hotel-investment-exceed-us107-billion-2022-jll-report/16662479062. https://www.traveldailymedia.com/global-tourism-arrivals-will-increase-by-30-in-2023-eiu/#:~:text=The%20report%20finds%20that%20global,covid%20strategy%20will%20delay%20recovery3. https://www.cnbc.com/2022/10/17/when-will-asias-travel-industry-recover-maybe-as-soon-as-2023.html 

Radisson Hotel Group delivers strong growth in 2022 through its 9 relevant brands

18 January 2023

Corporate

Radisson Hotel Group delivers strong growth in 2022 through its 9 relevant brands

In 2022, Radisson Hotel Group continued to drive forward its ambitious expansion plan to be one of the top three hotel groups in the world with its strong portfolio of nine distinct brands and its growing resorts portfolio. Radisson Collection, the luxury lifestyle brand, had an exceptional year of openings in 2022, with the introduction of six new hotels in Bilbao, Pula, Tirana, Riyadh, Tallinn, and Istanbul. In 2023, the Group is looking forward to new pivotal additions, including Radisson Collection, Santa Sofia Milan, Radisson Collection Astorija Hotel, Vilnius, Radisson Collection Resort, Galle in Sri Lanka, and Cour des Loges Lyon, A Radisson Collection Hotel. Radisson RED, the vibrant and dynamic upper upscale brand, celebrated several milestone openings in 2022 in Liverpool, Madrid, Gdansk and Oslo. Radisson continues to be the fastest growing upscale brand in EMEA in the industry and added properties in Belgium, Poland, Ethiopia, Tunisia, Dubai and Turkey, as well as the Maldives and India. Radisson Blu continues to be the largest upper upscale brand in Europe for over a decade and expanded in Romania, Madagascar, UK, and Spain as well as South Sudan. Radisson Individuals expanded with over 20 properties in Italy, France, Poland, and Thailand. In India, Radisson Hotel Group launched its first Radisson Individuals Retreats with the opening of Rakkh Resort, a member of Radisson Individuals Retreats, offering guests unique opportunities to immerse themselves in out-of-the-ordinary experiences through wellness programs, cultural excursions, specialist gastronomy, and more. Following the opening of three new prizeotel properties in 2022, the Group will focus on expanding its signature midscale lifestyle brand further in 2023. Resorts have become increasingly relevant to the business, owners, and guests. The Group welcomed additions to its 130 strong Resorts portfolio, including the opening of Radisson Beach Resort Palm Jumeirah in Dubai and Radisson Blu Mosi-Oa-Tunya, Livingstone Resort near the famous Victoria Falls, as well as resorts in Skiathos and Mykonos (Greece), Pula (Croatia), Phan Thiet (Vietnam), Goa (India), Galle (Sri Lanka), Port Ghalib and Port Phoenice (Egypt), Saly (Senegal), Larnaca (Cyprus), and Saidia (Morocco). 2022 has been a strong year for Radisson Hotel Group in Asia Pacific with 40% more signings in the region compared to 2021. In China, Radisson Hotel Group signed and opened 80 hotels and anticipates further strong growth with the reopening of the market, as it aims to double its Chinese portfolio over the next five years. Elsewhere in APAC, the Group has established new, dedicated Business Units in Bangkok, Ho Chi Minh City, Jakarta, and Sydney to support owners and partners better with in-depth and on the ground expertise. Radisson Hotel Group entered a strategic alliance in India with Ruptub Solutions Private Limited to add 150 hotels to its portfolio under the midscale brand, Park Inn & Suites by Radisson and signed its first property in Q4. Elie Younes, Executive Vice President and Global Chief Development Officer at Radisson Hotel Group comments: “Thanks to the trust of our owners, the relevance of our brands and the generosity of our people, we continued to deliver remarkable growth in 2022. We remain agile, tenacious and innovative to respond to the evolving market conditions in 2023, which will bring exciting challenges and opportunities.” In the last quarter of the year, the Group also launched its revamped Radisson Rewards program, offering the fastest route to top tier status in the industry, unique experiences & benefits, as well as the possibility for guests to make their stay carbon neutral. Radisson Rewards is one of the few loyalty programs to offer this option, making green stays even easier.Watch here a video from Elie Younes: https://www.youtube.com/watch?v=aUexQrhxBSM&feature=youtu.be

prizeotel grows by 3 hotels in the DACH region and looks ahead to accelerated European expansion in 2023

10 January 2023

Corporate Prizeotel

prizeotel grows by 3 hotels in the DACH region and looks ahead to accelerated European expansion in 2023

Radisson Hotel Group’s midscale lifestyle brand – prizeotel – has continued to expand throughout 2022, with the addition of three new hotel openings representing nearly 1,000 rooms. The Group announced plans to expand the brand’s footprint with 45 new signings in select European countries with a special focus on UK and Ireland over the next five years, as it looks ahead to new openings including Dortmund and Dresden in 2023. prizeotel properties offer a lifestyle midscale experience with a unique and eclectic personality, at the investment cost of an economy hotel. The compelling design proposition brand is suitable for new-builds and conversions with high GOP margins (+50%) and a lean operating model. Each property is a unique space for travelers looking for more modern living spaces, co-working areas to “meet and mingle”, temporary homes for digital nomads, meeting places for an international community, and inspiring places to work, network, and enjoy life. All rooms radiate an eclectic mix of urban style and relaxed ambience. The first prizeotel opened in 2009 in Bremen (Germany) and presented a new concept of the novel budget design hotel. The success of combining smart lifestyle with affordable accommodation prices continued to be rolled out in Germany and Austria in 2022 with new openings in Bonn, Vienna, and Münster. More openings and signings in exciting European destinations will be announced soon. The brand is currently present in Germany, Austria, Switzerland, and Belgium, and includes 16 properties, representing more than 3,200 rooms. “We are looking forward to expanding our prizeotel in 2023 with a focus on Germany and the UK. The brand witnessed strong investor interest due to its optimized investment model, its lifestyle offering as well its sustainability programs. We aim to more than double the current portfolio in the next five years” says Elie Younes, Executive Vice President and Global Chief Development Officer Radisson Hotel Group. prizeotel Bonn-City is located directly on the River Rhine and is a short 600m walking distance from Beethoven’s former home. The new-build hotel features 214 rooms with a terrace and sky bar overlooking the scenic Rhine and has a DGNB Gold Status. prizeotel Vienna-City is located next to Vienna Central Station, in the Favoriten district, south of the historic city center. The 293-room hotel forms part of the “Quartier Belvedere”, a large development site directly surrounding the newly built train station, representing the most important infrastructure development in Vienna. prizeotel Münster-City features 195 rooms and is connected directly to Münster Central Station. The city’s rich cultural heritage dating back to the Middle Ages and today’s young, vibrant student life make Münster a key destination for business and leisure guests. Technology and sustainability play key roles in the prizeotel guest experience. Digital check-in and tech-focused rooms with wireless charging directly by the bed, a large number of power sockets to charge all devices, and free, fast Wi-Fi available throughout the hotel, are some of the many evolving technology offerings for seamless stays. All prizeotel properties are paperless and cashless, rewarding guests who choose green housekeeping service with drink tokens and donating excess food to local charities. As of 2023, all stays at any prizeotel are 100% carbon free making it the first urban design brand to offer this everywhere. All prizeotel properties keep the prizePromise, implementing Hotel Sustainability Basics, aligning them with Radisson Hotel Group’s sustainability strategy to reach Net Zero by 2050. To that aim, newly built prizeotel properties, especially leases, will be certified green buildings and each conversion hotel will have a dedicated plan to improve the building’s environmental performance. “prizeotel represents an exciting alternative to conventional hotel brands in the midscale segment for investors, by offering flexible contract solutions with lease, management, and franchise agreements. The optimized design concept is suitable both for conversions of existing hotels and for new developments. The operating concept is lean, so that GOP margins of over 50% can be achieved, depending on the market. As a result, prizeotel combines the revenue level of a midscale lifestyle hotel with the efficiency of the economy segment, which has proven a unique value proposition for hotel investors,” says Connor Ryterski, Managing Director, prizeotel.