Monday , July 16 2018

Radisson to triple rooms in China despite trade war

Bloomberg

Radisson Hospitality Inc. is plunging ahead with a plan to triple capacity in China over five years, despite its expectation that a looming trade war with the US will damp travel demand in the country.
The chain controlled by China’s HNA Group Co., the aviation-to-hotels conglomerate, has 15 hotels in the country for a total 4,147 rooms, with 16 new properties under development, John Kidd, chief executive officer of Minnesota-based Radisson Hospitality, said in an interview in Singapore.
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,” Kidd said. He was president and chief operating officer of HNA Hospitality Group before moving to Radisson.

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