Travel
15:47, 29-Jun-2018
Radisson plans to triple rooms in China despite US trade war
Updated
15:10, 02-Jul-2018
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Radisson Hospitality Inc. is now rolling out a plan to expand to triple capacity in China over five years, despite the fact that a recent trade tensions between the US and China would probably put pressure on room occupancy and affect the travel demand in the Chinese market.
John Kidd, chief executive officer of Radisson Hospitality which based in Minnesota, the US, said in an interview on June 25 in Singapore that the chain, which is demanded by NHA Group CO. in China, has 15 hotels with a total of 4,147 rooms. Among them, 16 new properties are now under construction.
According to Kidd, China is an important partner with US because its market has great potential. Their owners HNA could offer support, guides for them to develop and grow the market. The trade tensions between US and China might be an influential problem for the tourism, especially damping the corporate travel.
However, Kidd added that the future could be brighter. The main focus now is to expand its Radisson and Park Inn economical accommodations brands in tier-2 or tier-3 cities in China, like Ningbo and Wuhan.