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Radisson suspends new partnerships, investments in Russia -Breaking


© Reuters. FILE PHOTO – The Radisson Hotel Group logo is seen above its main entrance, in central Brussels on August 4, 2017. REUTERS/Francois Lenoir


(Reuters] Radisson Hotel Group stated Friday it had stopped new partnership and investment in Russia in light of Moscow’s invasion in Ukraine.

It is the latest Western-owned hotel chain, and Western companies to reduce or stop business in Russia.

In a statement, the company claimed that they will still be operating as we continue to play an important role in supporting local communities and employees.

Radisson and six global hotels chains were sent an open letter by two agencies, the Ukrainian Hotel and Resort Association and State Agency for Tourism Development of Ukraine on March 14, asking them to stop all Russian operations and exit license and franchise agreements.

According to the company, all Radisson Hotel Group property in Russia is owned by third parties.

On the booking website of Radisson Hotels Russia, there are 38 hotels.

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