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The Rezidor Hotel Group maintained its growth in the second quarter of this year, with eight new hotel openings and four new signings, representing 1,397 keys and 1,666 rooms, respectively.

“While we continue our focus on asset light strategy in emerging markets, we are currently reviewing our approach and will launch an adjusted expansion plan in the coming months that is tailored to the current business environment and investment cycle,” said Elie Younes, executive vice president, The Rezidor Hotel Group.

Meanwhile, development continues at a brisk pace with more than 100 hotels and 26,000 rooms in the pipeline across Europe, the Middle East and Africa.