Turismo
Rezidor Hotel Group: INTERIM REPORT January-September 2015
Strong RevPAR growth, solid margin improvements and 100,000 rooms milestone reached
"The third quarter was marked by continued strong RevPAR development, positively influencing revenue and profitability. The EBITDA margin increased by 2.7 percentage points, underlining solid progress in the turnaround programme.
During the quarter we made further progress in pursuit of our focused growth strategy reaching the milestone of 100,000 rooms in operation and under development. Signings continued to see strong momentum: we contracted 2,300 rooms during the quarter and 7,100 rooms year-to-date, which is well above last year. Also openings were ahead of last year and included market entries in Congo and Mauritius as well as two openings in Russia, further solidifying our leading position in Eastern Europe.
The development of our new lifestyle select brand Radisson Red gained further momentum. Following the signing in Cape Town, South Africa, we contracted Europe's first new built Radisson Red in Glasgow, UK, and Europe's first conversion in Brussels, Belgium, is on track for an opening in April 2016. The brand has now ten hotels globally under development, two of which were signed after the end of the reporting period.
We continued to strengthen our organisation, reallocating resources for the creation of an expanded dedicated Africa area structure, underlining our commitment to this growth region. Rezidor has the largest pipeline on the continent and steadily delivers openings: three African hotels were opened in Q3 and eight year-to-date.
I am pleased with the performance of the business despite the fragile economic recovery. We continue to optimise our performance while facing uncertainties in some markets."
Wolfgang M. Neumann, President & CEO
On October 22, 2015 at 10:00 (Central European Time) a combined telephone conference and live webcast (in English) concerning the report will be presented by the President & CEO, Wolfgang M. Neumann and Deputy President & CFO, Knut Kleiven. To follow the webcast, please visit www.investor.rezidor.com .
To access the telephone conference, please dial:
Confirmation code: 7472788. For a replay of the conference call please visit www.investor.rezidor.com .
Q4 2015 results: February 16, 2016
Q1 2016 results: April 21, 2016
AGM 2016: April 21, 2016
Knut Kleiven
Deputy President & CFO
Tel: +32 2 702 9244
Fax: +32 2 702 9330
knut.kleiven@carlsonrezidor.com
Andrea Brandenberger
Senior Director
Business Development Strategy & Investor Relations
Tel: +32 2 702 9237
andrea.brandenberger@carlsonrezidor.com
The Rezidor Hotel Group Corporate Office
Avenue du Bourget 44
B-1130 Brussels
Belgium
Tel: +32 2 702 9200
Fax: +32 2 702 9300
Website: www.rezidor.com
The Rezidor Hotel Group is focused on hotel management and operates the core brands Radisson Blu and Park Inn by Radisson. In February 2014, Rezidor announced together with Carlson the launch of two additional brands; Radisson Red, an upscale "lifestyle select" brand inspired by the millennial lifestyle, and Quorvus Collection, a new generation of distinctive five star hotels.
The portfolio consists of 457 hotels with over 100,000 rooms in operation and under development in 80 countries across Europe, the Middle East and Africa.
Rezidor's strategy is to grow with management and franchise contracts and only selectively with leases. The strategy is also to further expand in the emerging markets.
Rezidor is a member of the Carlson Rezidor Hotel Group.
For more information, visit www.rezidor.com .
The full report with tables can be downloaded from the following link:
Copyright GlobeNewswire
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