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Radisson CEO plays down coronavirus impact on hotels

02/27/2020| 3:07:28 PM|

Gonzalez said the outlook for 2020 was promising and the negative impact is negligible due to the limited impact of Chinese and Asian travelers on the client base.

Federico Gonzalez, the CEO of Radisson Hospitality AB, the European arm of the Radisson Hotel Group, has moved to downplay the impact of the coronavirus outbreak on the company.

In a statement alongside the company’s full-year results on Tuesday, Gonzalez said the outlook for 2020 was “promising.”

“Concerning the potential hit from the coronavirus, so far the negative impact is considered negligible due to the limited impact of Chinese and Asian travelers on our client base,” Gonzalez said.

Radisson began a pilot last year to co-brand some of its properties with the name of its new owner Jin Jiang in the hope of tapping into the growing outbound Chinese travel market.

Radisson Hospitality AB reported a 79.8 percent rise in pre-tax profit to $36.8 million (€33.8 million) for the year to the end of December 2019. Revenue during the period increased 4.2 percent to $1.1 billion (€999.3 million.)

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TAGS: Radisson Hospitality | Jin Jiang
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