The company, which now has close to 1,400 properties in operation and under development, reported system-wide revenues of USD7.3 billion for 2015, signalling a 4.6 percent year-on-year improvement.

The Rezidor Hotel Group alone entered into 41 agreements for some 7,900 purely fee-based rooms and launched 24 new properties, further fuelling its long-term strategy of asset-light and sustainable growth in the Middle East and Africa region as well as in Europe with a particular focus on emerging markets and selected key countries.