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Two new Radisson SAS to open in Ukraine and UAE
Thursday, January 25, 2007
The Rezidor Hotel Group, the Brussels-based hotel management company, revealed international management agreements to develop and operate two new Radisson SAS Hotels & Resorts properties in Kiev, Ukraine and Fajairah, United Arab Emirates (UAE).

The Radisson SAS Airport Hotel Kiev, currently slated to open in 2009, will be the second Radisson SAS Hotel to open in the city, along with the Radisson SAS Hotel Kiev, located in the downtown Kiev business district.

“We are looking forward to a partnership with V.I. Center LLC, the hotel’s owner”, said Kurt Ritter, president & CEO of The Rezidor Hotel Group. “This new project emphasizes the importance of the Ukrainian market to The Rezidor Hotel Group, and we see great potential for expansion in the Commonwealth of Independent States (CIS) and Russia.”

Along with Russia and the CIS, the United Arab Emirates is another very important market for The Rezidor Hotel Group. The Radisson Al Agah Beach Resort is slated to open at the end of 2009 in the Emirate of Fujairah. The new resort will be built on a private stretch of the Al Aqah Beach and will offer extensive water sport facilities.
Rania Deimezi - Thursday, January 25, 2007
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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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