Carlson Rezidor Hotel Group

Carlson Rezidor Hotel Group
Strategic partnership between private company (Carlson) and public company (Rezdior)
Traded as OMX: REZT
Industry Hospitality
Founded 1938 (Carlson)
1960 (Rezidor)
Headquarters Minnetonka, Minnesota, U.S., and Brussels, Belgium
Key people
 David P. Berg (CEO Carlson), Wolfgang M. Neumann (CEO Carlson Rezidor)
Services Lodging
Revenue Increase $7.3 billion (2015)
Number of employees
 88,000
Parent Carlson
Website www.carlsonrezidor.com
Footnotes / references
Annual Report The Rezidor Hotel Group 2011, Interim Reports The Rezidor Hotel Group 2013 (Q1-3), Websites

Carlson Rezidor Hotel Group is one of the world's largest hotel groups,[1] with headquarters in Minneapolis and Brussels, Belgium.[2] The Carlson Rezidor Hotel Group includes more than 1,370 hotels in operation and under development in over 110 countries, employing over 88,000 staff. The hotel brands include Quorvus Collection, Radisson Hotels, Radisson Blu, Radisson Red, Country Inns & Suites, Park Inns, and Park Plaza Hotels & Resorts..[3]

In most of the group’s hotels, guests can benefit from the loyalty program Club CarlsonSM.

Operations

The group has more than 1,370 hotels in operation and under development in 110 countries and territories. It is the world's tenth largest hotel group.

History

In 1938, Curtois L. Carlson founded the Gold Bond Stamp Company in his hometown of Minneapolis, Minnesota. Over the next 75 years, Gold Bond grew into an international travel and hospitality magnate, operating thousands of hotels, hundreds of restaurants, and the world's leading business travel management company.

Rezidor was originally the hotel section of SAS Airlines, Rezidor opened the first hotel 1960 in Denmark, the Royal Copenhagen, designed by Arne Jacobsen. The group developed from a regional player in Scandinavia to an international company. In 1980, Radisson SAS opened in Kuwait, the first to open outside of Scandinavia. In 1994, Rezidor signed the first Master Franchise Agreement with Carlson for operation and development of the Radisson brand in Europe, the Middle East and Africa. In 2002, the second Master Franchise Agreement followed for the Park Inn, Country Inn and Regent brands in Europe, the Middle East and Africa. When SAS sold the hotel business in 2006 and Rezidor went public (listed at Stockholm Stock Exchange), Carlson became the largest shareholder and is today the majority shareholder.

Carlson and Rezidor launched their strategic partnership in January 2012. Together, they target more than MUS$400 incremental revenue and a RevPAR index increase of more than 9 points by 2015. Focus areas of their global cooperation are Revenue Generation activities and alignment of their core brands Radisson Blu and Park Inn by Radisson.

Brands

References

  1. ↑ "Company Overview of Carlson Rezidor Hotel Group". investing.businessweek.com. Retrieved 21 August 2014.
  2. ↑ "Company Profile for Rezidor Hotel Group AB (REZT)". http://www.bloomberg.com/. Retrieved 21 August 2014. External link in |work= (help)
  3. ↑ "Carlson Rezidor Hotel Group - Press Releases - Carlson Rezidor Newsroom". carlsonnewsroom.com.
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