You might also like:
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 the region by 2022.
The company, in partnership with JLL, hosted the Indian Ocean Hotel Investment Forum in Mauritius earlier.
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 per cent 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.”
He added: “Our development strategy in the Indian Ocean focuses on both leisure and business segments for resorts, hotels, serviced apartments and mixed-use developments across our five hotel brands.
“Mauritius is a key market for the group’s expansion in the region.
“In addition, we also have a pro-active strategy for Seychelles, Madagascar and Reunion Island.”
Mauritius
Mauritius remains a key strategic market for Radisson Hotel Group, with plans to expand their five brands on the island which currently has two Radisson Blu hotels in operation and one Park Inn by Radisson under development.
“We plan to introduce our international affordable luxury brand, Radisson Collection; our upscale full-service brand, Radisson and our unique upscale lifestyle Radisson Red brand for both leisure and business segments.
“In terms of the international midscale market, we will expand it with our Park Inn by Radisson brand.
“Building on our current portfolio in the East Coast, we are aiming to establish a presence on the West Coast, in areas such as Le Morne, Flic-en-Flac and Grand Baie.
“In addition, we are targeting the business segments of the islands business hubs, particularly, Port Louis and Ebène,” added Garnier.
Seychelles
Commenting on the Group’s plans in Seychelles, Garnier continued: “Seychelles is an important resort destination for Radisson Hotel Group.
“We’re aiming to introduce our Radisson Collection and Radisson Blu brands with world-class resort products, primarily on the islands of Mahé and Praslin.”
Madagascar
Radisson Hotel Group recently entered its second Indian Ocean territory, Madagascar, with the signing of a portfolio deal of three hotels and a total of 254 rooms.
The agreement consists of two hotel conversions and one hotel under construction in the capital city of Antananarivo, with all three hotels scheduled to open in 2020.
Garnier added: “Our next step in Madagascar would be to enter Nosy Be with our upper upscale brand Radisson Blu as well as our upscale brand Radisson.”
Antananarivo is the capital city of Madagascar and is a hub in Francophone Africa.
The portfolio of hotels will spearhead the upper upscale and upscale hotel markets in the city.
The Radisson Blu Hotel Antananarivo Waterfront and the Radisson Hotel Antananarivo Waterfront will be ideally positioned in a central location at the crossroads of the city centre in the main business and commercial district.
With three entrance gates, the hotels will have unrivalled access to Antananarivo International Airport, less than 30 minutes away.
Located in the Waterfront, a quiet compound which is secured (24-hour manned CCTV system) and surrounded by a large lake and multiple outlets including restaurants, a mall and cinema.
The third property, Radisson Serviced Apartments Antananarivo City Centre, is located in a vibrant area within the city centre, surrounded by bars, restaurants as well as major banks, ministries and the ancient Presidential Palace.
Reunion Island
“We are keen to enter Reunion Island’s capital city, Saint-Denis with Africa’s fastest growing hotel brand, Radisson Blu, as well as Radisson and Park Inn by Radisson.” concluded Garnier.
Source: breakingtravelnews.com