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Radisson Suspends New Partnerships, Investments In Russia

Published on Mar 22 2022 2:21 PM in Hotel tagged: radisson / Radisson Hotel Group / Ukrainian Hotel and Resort Association / State Agency for Tourism Development of Ukraine

Radisson Suspends New Partnerships, Investments In Russia

Radisson Hotel Group has said that it has suspended new partnerships and new investments in Russia, in the wake of Moscow's invasion of Ukraine.

The company is the latest hotel chain and western company to scale back plans or halt business in Russia.

Statement By Radisson

"We continue to operate in some capacity as we play a key role in supporting employees and local communities," the company said in a statement.

Urged To Pause All Operations In Russia

Two agencies - the Ukrainian Hotel and Resort Association and the State Agency for Tourism Development of Ukraine - sent Radisson and six other global hotel chains an open letter on 14 March urging them to pause all operations in Russia as well as exit franchise and license agreements regardless of cost.

Additional Statement By Radisson

All Radisson Hotel Group properties in Russia are owned by third parties, the company added.

38 Hotels In Russia

There are 38 Radisson Hotels in Russia listed on the company's booking site.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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