Radisson Hospitality AB : Full-year results a shade below expectations – Withdrawal and delisting of shares
>Full-year results a shade below expectations - Radisson Hospitality this morning reported its full-year results: they were a shade below expectations. The group’s revenues came in at € 959m, down -1% y-o-y (hit by the scope and forex effects) and were -3% below our estimates. RevPAR growth reached +3.3% in Q4 at group level, well below the Q3 performance of +8.9%. By region, we note persistently solid growth in the Nordics at +8.3% whilst the rest of Europe marked ti...Rezidor Hotel Group is an international hospitality company managing hotels, brands and assets owned by third parties. Co. operates two main brands, Radisson Blu and Park Inn by Radisson, as well as two more brands, Radisson Red and the Quorvus Collection targeting the luxury segment. All brands are developed and licensed by Co. in Europe, the Middle East and Africa under Master Franchise Agreements with Carlson, a privately held hospitality and travel company. As of Dec 31 2013, Co.'s existing portfolio consisted of 429 hotels with 94,800 rooms in operation and under development in 69 countries across Europe, the Middle East and Africa.
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