RIU Hotels
Spanish hotel chain
From Wikipedia, the free encyclopedia
RIU Hotels & Resorts is a Spanish hospitality company based in Mallorca, Spain. Founded in 1953 as a family holiday business by the Riu family, the company specialises in holiday accommodation and over 74% of its establishments are all-inclusive resorts.[4]
 | |
| Company type | Private |
|---|---|
| Industry | Tourism industry |
| Founded | 1953 |
| Headquarters | Mallorca, Spain |
Number of locations | 98[1] (2024) |
Key people |
|
| Products | hotels |
| Revenue | €4.082 billion[2] |
Number of employees | 38.055[3] (2024) |
| Website | riu |
History
RIU was founded by Juan Riu and Maria Bertrán in 1953 when they purchased the San Francisco hotel in Mallorca, together with their son Luis Riu Bertrán. The company gained strength in the Balearic Islands during the 1960s and 1970s thanks to a partnership with TUI (Touristik Union International) in 1977. Some years later in 1985, they opened the hotel Riu Palmeras, which was their first hotel in Gran Canaria. The company began to grow in the international arena with the opening of the hotel Riu Taino in Punta Cana in 1991. RIU now has 45 hotels in the Americas.[citation needed]
In 1993 the Riu family strengthened its relationship with TUI by creating the company RIUSA II SA, which operated all the RIU brand hotels. Following the death of Luis Riu Bertrán in 1998, his children Carmen Riu Guell and Luis Riu Guell took over the management of the company. In 2010, RIU launched its RIU Plaza urban line, opening hotels in some major cities such as New York or Madrid. The chain next into Asia expanded, a process that began in 2016 with the opening of the Riu Sri Lanka.[citation needed]