Restaurant News Resource - Rezidor SAS Hospitality Restaurant Industry News

The global recession continues to impact the hotel market and industry RevPAR in Europe fell more than 20% in the first six months of the year compared to the same period in 2008. During the second quarter, the market showed signs of stabilisation in occupancy decline, while room rates continued to drop further. Rezidor has seen a less adverse impact in Norway, Sweden, the UK and South Africa than in the rest of the EMEA, says Kurt Ritter, President and CEO of The Rezidor Hotel Group.

The Rezidor Hotel Group (STO:REZT) announces the Radisson Resort & Spa, Tangier in Morocco - the property with 155 rooms is scheduled to open in Q4 2010. It is Rezidor's second resort in the country: in June this year the company signed the Radisson Resort & Spa, Saïdia (384 rooms and 97 villas, to open in Q3 2010).

The Rezidor Hotel Group has launched two new bar and restaurant concepts - Sure Bar and Brasserie de Verres en Vers.