Category Archives: Hospitality Business in Africa

Rezidor Cuts Costs in Europe, But Not in Africa!

carlson rezidor hotel group

 

 

 

Rezidor (REZT|STO) is cutting costs in Europe:

“Brussels-based Rezidor Hotel Group has unveiled as series of cost-cutting measures in an attempt to deal with what it says is still a fragile operating environment.”

But there is no cost-cutting being done in Africa!

“One area where Rezidor is hoping it can turn things around is in Africa where the company has big expansion plans.

It already operates around 8,200 rooms and has 7,500 rooms in the pipeline

‘We know there are some headwinds related to commodity prices or safety and security however we really believe in Africa as a growth market and are fully aware that this is a long-term play,’ said Neumann on a conference call with analysts.”

As we have said previously, Rezidor believes in African growth. Do you?

African Investment Report will continue to search out opportunities for investing in Africa’s growth. Be sure to subscribe on this page and get our FREE report and updates!

“Rezidor Cutting Costs to Cope With Tough European Environment”: https://skift.com/2016/10/25/rezidor-cutting-costs-to-cope-with-tough-european-environment/

 

 

 

Rezidor Heading Towards More Than 23,000 Rooms in Africa Alone!

radisson-blu-hotel   Carlson Rezidor, a company we continue to track and get excited about, is likely to achieve their goal of 23.000 rooms in Africa by 2020.

” Africa has always been close to our hearts. We were the early movers on the continent in 2000 when we established our dedicated business development base in Cape Town.”

“Today, Africa is our biggest growth market with a fully functional Area Support Office in Cape Town since 2016.”

And investing in this company does good things for the local population and for women.

“Expanding its footprint into Africa also means creating employment for the local population in each country, with an emphasis on developing women to leadership positions. “Many hotel jobs do not require tertiary education and present opportunities for locals to be trained and upskilled to fulfill particular roles…”

We found out that not only can you buy Rezidor on the Stockholm Stock Exchange (REZT.ST|STO); you can also buy it as an ADR in the U.S. (REZIF|OTC).

African Investment Report will continue to search out these types of companies. Be sure to subscribe on this page and get our FREE report and updates!

 

“Carlson Rezidor on Track to achieve More than 23,000 Rooms in Africa”: http://www.hospitalitynet.org/news/4078640.html

Hilton Intends to Double Their African Presence

hilton-logo   At a forum for investors in African hotels in Kigali, Rwanda, Hilton (HLT|NYSE) announced that it plans to expand significantly in Africa:

“…le groupe hôtelier américain a rendu publique son ambition de faire passer le nombre des hôtels qu’il exploite en Afrique de 39 à l’heure actuelle, à 80 d’ici quatre ans.”

Translation:

“…the American hotel group has made public its ambition to increase the number of hotels it operates in Africa from 39 at present to 80 in four years.”

We have reported on the hotel industry in Africa in the past, and major hotel companies remain committed to the continent:

“En dépit d’une passe économique actuellement difficile, due à la chute des cours des matières premières, le développement du secteur hôtelier en Afrique demeure solidement engagé, comme le confirment les récents et nombreux projets développés par Starwood (racheté par Marriott), d’AccorHotels, de Carlson Rezidor ou de Louvre Hôtels.”

Translation:

“Despite a difficult economic time, due to falling commodity prices, the development of the hotel sector in Africa remains firmly committed, as confirmed by numerous recent projects developed by Starwood (acquired by Marriott), by Accor Hotels, by Carlson Rezidor or by Louvre Hotels.”

African Investment Report will continue to search out these types of companies. Be sure to subscribe on this page and get our FREE report and updates!

 

“Hôtellerie : Hilton entend doubler sa présence africaine”: http://www.jeuneafrique.com/362631/economie/hilton-entend-doubler-presence-dici-4-ans-afrique/

 

Rezidor CEO Wants Hotels and Airlines to Cooperate Better Due to Africa Topping Growth in the World

carlson_rezidor_itb2014   Rezidor’s CEO, Wolfgang M. Neumann, would like the hotel industry and the airlines to cooperate better:

“As the CEO of one of the world’s leading hotel chains, he has welcomed the launch of AviaDev Africa – the inaugural conference to determine future air connectivity – and called for even closer cooperation between the hotel and airline industries.”

And he acknowledges Africa’s tremendous growth (Rezidor also has hotels in Europe, Eastern Europe, and other parts of the world):

“Neumann said that Rezidor has seen a surge in growth in Africa ‘more than anywhere else in the world,'”

We found out that not only can you buy Rezidor on the Stockholm Stock Exchange (REZT.ST|STO); you can also buy it as an ADR in the U.S. (REZIF|OTC).

African Investment Report will continue to search out these types of companies. Be sure to subscribe on this page and get our FREE report!

 

“Rezidor CEO calls for closer operation between hotels and airlines”: http://www.eturbonews.com/74442/rezidor-ceo-calls-closer-cooperation-between-hotels-and-airlines

Rezidor Hotel Group Believes in African Growth – Do You?

carlson rezidor hotel group

The Rezidor Hotel Group, part of the Carlson Rezidor Hotel Group, remains committed to Africa, with currently 80,000+ rooms and 22,000+ in the pipeline.

“We are committed to the continent and will continue to expand our network in line with our clear strategy, covering capital cities and selected hubs across Africa to drive scale and unlock value for our owners, partners, employees and guests”, commented Elie Younes.”

They own the Radisson brand and its brand extensions, among others, and it is reputed to be the largest hotel chain in Africa.

You can only buy their stock through the Stockholm Stock Exchange (STO), but it may be well worth it as a long-term investment.

They believe in the long-term growth of Africa; shouldn’t you?

“Rezidor keeps development momentum despite challenging market conditions and reaches 80,000 rooms in operation” (sic): http://www.hospitalitynet.org/news/4077192.html