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MODEL PORTFOLIO THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
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2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
Frick collection with palm trees 
Economic Updates
Policy Rate Updates: Closer to BSP’s Goldilocks moment
October 9, 2025 DOWNLOAD
economy-ss-9
Economic Updates
Inflation Update: Speeds up but remains below target
October 7, 2025 DOWNLOAD
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Monthly Economic Update: Fed back on track   
October 3, 2025 DOWNLOAD
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Fine Living 2 MIN READ

Radisson Hotel Group plans Asia-Pacific expansion as travel restrictions ease

April 21, 2022By Reuters
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MANILA, April 21 (Reuters) – Radisson Hotel Group plans to add 150 hotels in Asia-Pacific this year as it banks on travel, tourism, and economic recovery in the region, its CEO said on Thursday.

Radisson, one of the world’s largest hotel groups, is in the midst of a five-year plan to double its properties to 3,200 hotels in 120 countries by 2025.

“Overall, Asia plays a significant role in our business plans because of the significant presence that we can build in the future,” Radisson CEO Federico Gonzalez told reporters.

Radisson last year signed deals to put up 200 hotels worldwide, of which 137 are in Asia-Pacific. It takes three to five years for hotel deals to reach operation stage.

Radisson sees its China and India portfolios increasing to 1,000 and 200 hotels, respectively, by 2025, Gonzalez said, adding that around 150 deals will be signed this year. But China’s stringent lockdown measures could impact the completion of new hotels, he said.

Travel in Asia-Pacific is trailing the rest of the world and should expect a bumpy recovery, because of slower border reopenings, a Booking.com executive said in March. nL3N2VA2Y0

At the end of the company’s expansion programme, Asia-Pacific will account for most of Radisson’s hotel rooms though much of revenues will still come from Europe.

Revenues and profits are expected to return to pre-pandemic levels by next year, Gonzalez said, as COVID-19 restrictions are lifted around the world.

(Reporting by Neil Jerome Morales; Editing by Kanupriya Kapoor)

((neiljerome.morales@thomsonreuters.com; +632 8841 8914;))

This article originally appeared on reuters.com

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