Carlson Expands Portfolio, Sees Big RevPAR Gains
Carlson Hotels Worldwide announces the addition of 16 new locations to its portfolio of brands between the months of August and October. The new hotels include one Radisson SAS property in Dublin; one Radisson Edwardian property in London; three Radisson Hotels & Resorts® hotels in the United States; seven Country Inn & Suites By Carlson hotels in the United States; and four Park Inn®hotels, two in Germany, one in Glasgow, Scotland and one in Vancouver, British Columbia.
"I'm delighted with the global development progress of our brands this year," says Jay Witzel, president and CEO of Carlson Hotels Worldwide and CEO of Regent, another brand within the Carlson portfolio. "Since January 1, we've added more than 56 hotels, and have over 125 new property signings globally. We anticipate reaching the landmark milestone of 1,000 hotels across all five hotel brands of Carlson Hotels Worldwide by mid 2008."
Carlson Hotels also reports significant RevPAR gains resulting from the roll-out of a new revenue optimization program that focuses on revenue management and forecasting. As of September 2007, the company's most prominent brand, Radisson, achieved a RevPAR growth of 6.7 percent in the United States which outperformed the Smith Travel Research Upscale chain segment by 1.8 points as published in their monthly U.S. Lodging Review report.
"I'm delighted with the global development progress of our brands this year," says Jay Witzel, president and CEO of Carlson Hotels Worldwide and CEO of Regent, another brand within the Carlson portfolio. "Since January 1, we've added more than 56 hotels, and have over 125 new property signings globally. We anticipate reaching the landmark milestone of 1,000 hotels across all five hotel brands of Carlson Hotels Worldwide by mid 2008."
Carlson Hotels also reports significant RevPAR gains resulting from the roll-out of a new revenue optimization program that focuses on revenue management and forecasting. As of September 2007, the company's most prominent brand, Radisson, achieved a RevPAR growth of 6.7 percent in the United States which outperformed the Smith Travel Research Upscale chain segment by 1.8 points as published in their monthly U.S. Lodging Review report.