With two path brands; Radisson SAS and Park Inn, and three evolution brands; Regent, Hotel Missoni and Country Inn,in the world of hotel companies, Rezidor Hotel Group is one of the firmly growing among them.In hotel management Rezidor has a remarkable performance and all its hotel properties has desprive. Prevalently, hotels in portfolio of Rezidor's all are either managed by Rezidor itself under a lease or a management agreement, or by a discrete operator using the Rezidor brands under a franchise agreement. Of the 237 hotels in operation as of December 31 2007, 65 were leased, 104 were under management agreements and 68 under franchise agreements.The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, announces the extension of the Radisson Blu Royal Hotel, Bergen in Norway. The 273 rooms-property will fully be renovated and get 71 additional rooms. Works are scheduled to begin in early 2010, the new rooms will be available in 2013. During this period, the hotel will remain operational.The "new" hotel will feature 344 guest rooms. Food and beverage outlets include an all day dining restaurant, Madam Felle, Beffen Bar, and Engelen Night Club. The revitalised meeting space will include an expanded ballroom and 17 state-of-the art meeting rooms.Formerly a subsidiary of SAS, Rezidor Hotel Group was listed on the Stockholm Stock Exchange in November 2006 with its US based, long-time partner Carlson Companies becoming its largest shareholder. In May 2007, SAS divested its remaining shareholding (6.7%) in the Group to Carlson, which increased its stake up to 41.7%.In 2007, Rezidor opened 5,027 rooms for trade and added 8,937 rooms to its growing pipeline. As of December 31st 2007, Rezidor had 237 hotels in operation and 85 hotels under development, mainly located in the EMEA area. This corresponds to 65,840 rooms, including 16,544 under development. The aim is to grow by adding 20,000 new hotel rooms in operation during the three-year period from 2007 through 2009.
With more than 200 hotels in operation or signed in the EMEA markets, Radisson SAS is now No. 2 in sheer numbers. In Europe, Radisson SAS has improved its brand recognition faster than any competitor. A survey by leading global market researchcompany J.D. Power and Associates also ranked Radisson SAS as No. 1 for Guest Satisfaction in the "upper upscale" segment in Europe.The Rezidor Hotel Group reported earnings results for the fourth quarter and full year ended December 2009. For the quarter, the company reported revenue decreased by 3.9% or EUR 7.6 million to EUR 186.0 million compared to EUR 193.6 million for the same period a year ago. EBITDA was EUR 9.7 million compared to EUR 13.6 million for the same period a year ago. EBITDA margin was 5.2% compared to 7.0% for the same period a year ago. Loss after tax amounted to EUR 0.3 million compared to profit after tax of EUR 1.2 million for the same period a year ago. Basic and diluted Earnings Per Share amounted to EUR 0.00 compared to EUR 0.01 for the same period a year ago. EBIT was EUR 2.0 million compared to EUR 5.3 million for the same period a year ago. For the full year, the company reported revenue decreased by 13.7% or EUR 107.7 million to EUR 677.2 million compared to EUR 784.9 million for the same period a year ago.EBITDA was EUR 4.9 million compared to EUR 70.9 million for the same period a year ago. EBITDA margin was 0.7% compared to 9.0% for the same period a year ago. Loss after tax amounted to EUR 28.2 million compared to profit after tax of EUR 26.1 million for the same period a year ago. Basic and diluted Earnings Per Share amounted to EUR 0.19 compared to EUR 0.18 for the same period a year ago. Cash flow used in operating activities amounted to EUR 6.1 million. EBIT negative was EUR 25.0 million compared to EBIT positive of EUR 42.9 million for the same period a year ago.
Comparetively Park Plaza Hotels Limited is owner, operator and franchisor of hotels in Europe, the Middle East and Africa. The majority of the group's hotels operate under the Park Plaza Hotels & Resorts brand (part of Carlson Hotels Worldwide), over which the Group has exclusive rights in 56 countries in EMEA, or art'otel, a brand which the company fully owns. Park Plaza Hotels also manage the luxury all-suite Plaza on the River- Club and Residence, London.Through it strategic partnership with Carlson, one of the world's largest travel and hospitality companies, Park Plaza Hotels has access to Carlson's powerful reservation and distribution system, airline partnerships with 20 airlines, loyalty programmes such as goldpointsplusSM for guests and Look To Book® for travel agents and cross-selling opportunities. There are currently over 35 hotels and aparthotels and nearly 7,000 rooms in the Group's portfolio. By the end of 2012, the Group's committed projects and territorial franchise agreements are expected to increase the number of rooms to over 13,000. Projects under development include Park Plaza Marrakech (2010), art'otel marrakech (2010), Park Plaza Nuremberg (2011), art'otel amsterdam (2011) and art'otel london hoxton (2012). Park Plaza Hotels' shares are admitted for trading on London's AIM Stock Market.over all savings include.Park Plaza Hotels Ltd. reported revenue results for the year 2009. The company said that Group hotel revenue for the year declined by approximately 14.0%. This was primarily a result of the difficult economic and trading environments across markets (the United Kingdom, The Netherlands, Germany and Hungary). In addition, given the very large proportion of revenue generated in the UK (approximately 40%), this result was affected by the 10% reduction in the average Sterling to Euro exchange rate for the year. Group RevPAR for the year was €77.40 million against €90.30 million in 2008.The Group's management and holdings operation revenue was €7.0 million against €9.3 million in 2008 and was primarily affected by the weakness of Sterling and the difficult trading environment. The Group announced that after more than two years of construction, the Park Plaza Westminster Bridge London will launch its soft opening on 4 February 2010.According to me the rezidor company has performed well and hope the same in future as, Rezidor Hotel Group AB engages in operating, leasing, managing, and franchising hotels worldwide. The company operates under the Radisson Blu Hotels & Resorts, Regent International Hotels, Park Inn, and Country Inns & Suites brand names. As of December 31, 2008, it had operated or under developed approximately 361 hotels in 55 countries. The company was formerly known as Rezidor SAS Hospitality Group AB and changed its name to Rezidor Hotel Group AB in November 2006. Rezidor Hotel Group was founded in 1960 and is headquartered in Brussels, Belgium. Where as Park Plaza Hotels Limited, through its subsidiaries, owns, develops, constructs, operates, franchises, and manages hotels in Europe, the Middle East, and Africa. The company operates hotels under two brand names, Park Plaza Hotels & Resorts and art'otel in Croatia, the United Kingdom, Belgium, the Netherlands, Germany, Hungary, Ireland, and Israel. Its portfolio comprises 39 properties and 7,300 rooms. The company was founded in 1989 and is based in Amsterdam, the Netherlands.
