Radisson Plans to Triple Rooms in China Despite U.S. Trade War
- CEO says U.S.-China tension likely to cut demand in short-term
- HNA-controlled chain focusing on second-, third-tier cities
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Radisson Hospitality Inc. is plunging ahead with a plan to triple capacity in China over five years, despite its expectation that a looming trade war with the U.S. will damp travel demand in the country.
The chain controlled by China’s HNA Group Co., the aviation-to-hotels conglomerate, has 15 hotels in the country for a total 4,147 rooms, with 16 new properties under development, John Kidd, chief executive officer of Minnesota-based Radisson Hospitality, said in an interview Monday in Singapore.