A new Radisson property slated for Fujairah, part of the chain’s 15 hotels signed across EMEA in Q2 2020
It will be the Group’s second Radisson hotel in the Emirate, bringing its UAE portfolio to 24 hotels in operation and under development.
Joint projects will aim at developing the hotel business in Uzbekistan as well as improving the quality of services and management standards.
HN Meets: Ramsay Rankoussi, VP business development – Middle East, North Africa & Turkey of Radisson Hotels
The growth is continued as those economies haven’t reached their maturity yet. Risks resides in the improper balance of demand and supply.
The four countries head the top ten by numbers of rooms in the internationally-branded hotel development pipeline, with Egypt showing 15,158 rooms in 51 new hotels.
This brand will be made up of a curated portfolio of hotels in the most desirable urban destinations throughout Europe, the Americas, the Middle East and Asia Pacific.
Although a relatively small market facing political instability, Lebanon offers unique investment opportunities in establishing new hotel concepts that would cater to various untapped segments.
It is important to develop brands that meet the diverse spectrum of needs and aspirations of travelers.