Big ambition: RIU CEO Luis Riu outlines bold plans for Spanish hotel chain in 2019 [Video]
Record $982 million investment brought RIU’s portfolio to 93 hotels in 19 countries with almost 30,000 members of staff, says CEO Luis Riu
Spanish hotel chain RIU had a big year in 2018, and the group’s CEO Luis Riu went back over the last year’s events with a fine tooth comb, totting up the chain’s successes over the past twelve months.
The groundwork was laid in 2018 for a big year ahead. We take a look at what’s in store for 2019.
A look back at 2018
RIU Hotels made huge strides in 2018, opening properties in some new cities, laying the groundwork for new openings in the coming year and cementing their presence in existing regions.
All of this development was the result of a record investment of 870 million euros ($982 million), which brought RIU’s portfolio to 93 hotels in 19 countries with almost 30,000 members of staff.
Some of 2018’s biggest developments saw RIU putting plans in action to open a number of new-build hotels, including properties in Madrid and New York, where they are building their second hotel.
RIU also concreted their line of vacation properties as part of the RIU Palace brand in Mexico and Africa, as well as a new signing in Zanzibar last April.
2018 saw a number of extensive renovations takes place at RIU properties in Gran Canaria and Formentera.
Riu said of the renovations: “During 2018, we reopened five hotels after deep renovations. Big renovations are exciting for me. I love the challenge of taking a hotel with tradition and study all the options to take advantage of the best of what exists, while introducing new services and a completely new interior design.”
A look ahead to 2019
If 2018 was a big year for RIU, 2019 seems set to be even bigger.
On the agenda for the next 12 months, Luis Riu has big plans in his native Spain, as well as launching the RIU brand further afield.
The RIU Plaza España will find a new home in the historic Edificio España in the heart of Madrid, where guests can head up to the Sky Bar to take in the panoramic vistas of the Spanish capital.
The Riu Playa Park will see the chain going back to its roots in Mallorca, while Bulgaria will see the opening of Riu Astoria and Riu Palace Sunny Beach in May and June, and Morocco will welcome the Riu Palace Taghazout.
Here’s a video (in Spanish) summarising the group’s history and future plans.
Here are some RIU projects currently underway around the world:
Riu Resort Deira Island
Riu Plaza London
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