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Rezidor Cutting Costs to Cope With Tough European Environment

Patrick Whyte

Photo Credit: The Radisson Blu, Riga. Rezidor Hotel Group, which owns the brand, suffered a tough third quarter. Skift / Hanna Sörensson

Skift Take

Like other global hotel companies with a high exposure in Europe, Rezidor continues to struggle in part because of continued security concerns. Those running the company will be hoping that the likes of France and Turkey bounce back soon.

Brussels-based Rezidor Hotel Group has unveiled as series of cost-cutting measures in an attempt to deal with what it says is still a fragile operating environment. The company, which is 50.3 percent owned by Carlson Hotels and operates brands such as Radisson Blu, wants to save $10.9 million (€10 million) a year from 2017 onwards. Planned targets include the renegotiation of procurement contracts and re-organizing its head office. Included in its third quarter results is $4.4 million (€4 million) of restructuring costs related mainly to redundancy payme

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