MINNEAPOLIS—Carlson Rezidor Hotel Group has reported 2014 results which included 57 openings, 84 signings and system wide revenues of $7.8 billion, a four percent increase compared to last year.
“It was an exciting and successful year with tremendous growth, development momentum, revenue increases and the launch of two new brands,” stated David P. Berg, COO, Carlson. “Together with our partners we are growing and strengthening our portfolio and our 2014 results are evidence of that.”
The number of rooms the group opened in 2014 increased 16 percent compared to 2013 and 64 percent of new rooms opened were located in developing countries, a key focus for Carlson Rezidor. The group’s global pipeline remains strong with 271 hotels under development.
The group also launched two new brands in 2014. Quorvus Collection, catering to the luxury segment and global traveller and announced its first members: G & V Royal Mile Edinburgh, The Symphony Style Hotel Kuwait and The May Fair Hotel London. Radisson Red marked the group’s entrance into the lifestyle select category and announced its first location in Shenyang Hunnan, China which will open in 2016.