Radisson Signs Deal to Expand in the Philippines
Skift Take
- Radisson Hotel Group announced the latest phase of their expansion strategy in the Philippines with the signing of a deal with SM Hotels & Conventions Corp.
- Las Vegas Sands’ Marina Bay Sands in Singapore has completed the renovations on over 850 hotels rooms.
- Millennium Hotels announced the launch of M Social in Suzhou, the maiden property for the brand in China.
STR reported China hotel RevPAR was up 143.8% year over year for the week ended April 22. Results were up against an easy comparison of down -47.7%. When compared with the same week in 2019, RevPAR was up 1.9%.
Radisson Hotel Group announced the latest phase of their expansion strategy in the Philippines with the signing of a deal with SM Hotels & Conventions Corp for the development of 14 new hotels in the country. The master development agreement with SMHCC is for its Park Inn by Radisson brand with 14 of the Park Inn by Radisson hotels to be built under the agreement over the next five years. That would bring Radisson Hotel Group’s total portfolio in the Philippines to 20 hotels by 2028. SMHCC is the developer and manager of SM Prime Holdings’ hotels and convention business. They first partnered with RHG in November 2010 with the launch of Radisson Blu Cebu. They opened five Park Inn by Radisson hotels over the past decade. The strategic alliance also calls for the expansion of the Radisson Blu and Radisson brands in the Philippines, plus the Park Inn by Radisson expansion. The hotels are expected to be built alongside integrated property developments with SM Malls. Under current development is the 516-room, dual-branded property in Cebu City under the Radisson and Park Inn by Radisson brands, scheduled to open its doors in 2027. The properties will be part of an integrated development adjacent to the SMX convention centre and SM Seaside Arena as well as the SM Seaside City Cebu Mall.
