News for the Hospitality Executive
exceeded 1.3 Billion USD in 2006
Mallorca, Spain ( February 5, 2007) - This November, RIU will open its
largest resort ever on the shores of the Pacific in Los Cabos, Mexico.
Named Riu Santa Fe, this all-inclusive, 5-star leisure resort will feature
902 rooms. At a price of over 135 million USD to complete, the resort represents
the single largest capital expenditure in RIU’s 54-year history.
In 2007, RIU will also re-open its resort in Aruba. Purchased two years ago, the property is currently in the midst of a complete renovation transforming it into a Riu Palace Hotel.
In total, RIU will invest over 445 million USD in Cape Verde and the Caribbean to purchase additional land, refurbish existing properties and build new flagship resorts.
RIU’s gross revenue exceeded 1,3 billion USD for the first time in 2006 and the company anticipates its income to reach 1,4 billion USD in 2007.
RIU in Mexico
In just ten years time, RIU has invested over 1.4 billion USD in building
resorts across Mexico. The new Riu Santa Fe will be RIU’s 13th hotel in
Hotel Riu Vallarta
Av. de los Cocoteros s/n
63732 - Nuevo Vallarta - Nayarit - Mexico
In 2008, RIU will complete the Riu Karamboa, its third hotel in Cape Verde (western Africa). This new resort will be RIU’s first on Boavista Island, which is located next to the Island of Sal where the ClubHotel Riu Garopa and ClubHotel Riu Funaná are already operating. These properties have gained tremendous popularity in Portugal helping to make that country one of RIU’s strongest markets in Europe.
Riu Hotel renovations
In 2007, RIU will focus the majority of its renovation efforts on four hotels: ClubHotel Riu Romántica in Mallorca, Riu Palace Tres Islas in Fuerteventura, Riu El Mansour in Tunisia and Riu Paradise Island in the Bahamas.
The opening of the Riu Palace Aruba is another big challenge for 2007.
This first Riu property in Aruba will be inaugurated in July 2007.
RIU´s global statistics (2006)
RIU operates 109 hotels in 18 countries with a total of 73.000 beds worldwide. The company employes over 18.000 individuals and had a gross revenue of 1,3 Billion USD in 2006.
Performance update for 2006 and forecasts for 2007
|Also See:||Riu Hotels Investing (US) $208 million On Three New Resorts in the Caribbean / January 2006|
|Riu Hotels & Resorts Preparing to Open its 12th Resort in Mexico, the 550 room Riu Vallarta in Puerto Vallarta / September 2006|
Home | Welcome|
News | Classifieds|
Viewpoint Forum | Ideas&Trends
Please contact Hotel.Onlinewith your comments and suggestions.