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Radisson to Double Indian Ocean Portfolio by 2022

Radisson Hotel Group has identified the Indian Ocean as a key market in its African development strategy and plans to double its hotel and resort portfolio in Indian Ocean by 2022.

Radisson Hotel Group in partnership with JLL co-hosted the 2019 Indian Ocean Hotel Investment Forum (IOHIF) event in Mauritius on May 28. The summit dedicated to hotel investment in Indian Ocean brought together owners, developers, banks, investment funds and hotel groups, for in-depth discussions with industry leaders on hotel investment topics in the Indian Ocean market.

During the summit, Radisson Hotel Group shared their Indian Ocean development strategy and market insight, the region in which the group currently has six hotels in operation and under development. The group’s African portfolio consists of 99 hotels in operation and under development across 32 African markets.

Erwan Garnier, director, development, French and Portuguese speaking Africa, Radisson Hotel Group, said, “As part of our aggressive five-year development plan, we aim to add a further 50 hotels to Africa, of which 65 percent of our future hotel supply will come from our newer brands, specifically Radisson, which is positioned in the full-service upscale segment, and Radisson Collection in the affordable luxury segment. We also aim to grow on the successful opening of RED Radisson in Cape Town in the lifestyle upscale segment of the market. Finally, we will leverage the success of Radisson Blu, our upper upscale brand, that remains the fastest growing hotel brand on the continent.”