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Rezidor Hotels Points to Terrorism and Oil Prices as Earnings Wane

Patrick Whyte

Photo Credit: The Damman Park Inn by Radisson. Parent company Rezidor Hotel Group is evaluating a takeover offer from major shareholder HNA Group.  Carlson Rezidor Hotel Group / Soren Dam Thomsen

Skift Take

While Rezidor is still suffering from the impact of terrorism, its outlook is likely to improve if and when it is taken over by Chinese conglomerate HNA Group, which would undoubtedly help it capture a bigger slice of the tourism market.

The lasting impact of terrorist attacks in France and Belgium is continuing to hamper the performance of Brussels-based Rezidor Hotel Group. Chief Executive Wolfgang Neumann said that external factors, which also included lower oil prices, were still hurting the company. Neumann’s comments came as Rezidor released its full year results for 2016. Profit for the period fell by 22.8 percent to $28.1 million (€26.4 million).

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