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Rezidor SAS opens first Park Inn in Azerbaijan
Monday, February 20, 2006
Rezidor SAS Hospitality, the Brussels-based multi-brand hospitality company, announces the opening of its first Park Inn hotel in the Commonwealth of Independent States (CIS), Park Inn Azerbaijan, located in the city of Baku.

The hotel’s architect is Kazim Ispahani, who had worked previously with Rezidor SAS on other projects including the Radisson SAS Royal Hotel in St. Petersburg and the Radisson SAS Stad Hotel in Ankara. Ispahani’s design includes a blend of marble, wood and glass-work throughout the hotel, giving it a bright and vibrant interior unlike the traditional oriental style found in many hotels in the area.

The Park Inn Azerbaijan joins its sister hotel in Baku, the Radisson SAS Plaza Hotel. “We are very excited about the new addition to the growing portfolio of Rezidor SAS. The company plans to expand very fast in Russia and CIS and open 50 hotels under various brands, including Radisson SAS, Park Inn and our latest addition - Missoni hotels,” says Marko Hytonen, area vice president, Rezidor SAS.

The property is owned by Qlobal Invest Kompani Ltd., a member of ISR Holding.
Rania Deimezi - Monday, February 20, 2006
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How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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