Radisson Hotel Group looking to expand portfolio

Global hospitality firm Radisson Hotel Group Wednesday said it is planning to double its portfolio of hotels in India to 200 by 2022. It has 94 properties operational with 49 in pipeline at present. India is a very important market for us. It is the biggest single country within our portfolio... There is a lot of growth in India. It is a very high growth potential market," Radisson Hotel Group President Asia Pacific Katerina Giannouka told reporters here. The company, which enjoys an occupancy rate of over 67 percent, said it signs 12-15 hotels every year and opens around 7-10 hotels each year. She added that the company is on track to have 100 hotels operational by later this year. The company's mid and up-scale brands include Country Inn and Suites by Radisson, Park Inn by Radisson and recently launched Radisson Collection. Other brands operated by the group are Radisson Blu, Radisson Red and Park Plaza. In India, it has 5 brands and will be launching its first Radisson Red hotel targeted at the millennials, in the next 12 months. The 160 room hotel is under construction at Mohali which will be its flagship Radisson Red and will later add a 350 room hotel in Noida under the same brand. The company sees potential for the brand in Mumbai, Bengaluru, Hyderabad and Delhi NCR.