Radisson continues its strategy to reinforce capacity in China.
Radisson Hospitality Inc. is setting up a plan to triple capacity in China over 5 years, despite a potential trade war with the United States that may put a damper on travel demand in China.
The brand declares having 15 hotels in the country representing 4,147 rooms with 16 properties under development.
Trade tensions between the U.S. and China could put pressure on room occupancy and average daily rates for several months, especially affecting corporate travel, according to John Kidd, chief executive officer of Minnesota-based Radisson Hospitality, a former president and chief operating officer of HNA Hospitality Group.
He maintains that China is a “critically important market for us, particularly as our owners are HNA and they are able to provide us support, guidance and connections to the market,”.
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