zaro

Is Riu a German company?

Published in Hotel Industry 1 min read

No, Riu Hotels & Resorts is not a German company; it is a Spanish hotel chain.

Origin and Ownership of Riu Hotels & Resorts

Riu Hotels & Resorts was founded in Mallorca, Spain, in 1953 by the Riu family. What began as a small holiday firm has grown into an internationally recognized hotel brand. The company's roots are firmly established in Spain, where it originated and developed its core operations.

Key facts about Riu's heritage and ownership include:

  • Founding: Established in 1953 by the Riu family in Mallorca, Spain.
  • Historical Partnership: For a period, 49% of the company was owned by TUI, a major travel and tourism group. During this time, the Riu family's third generation continued to manage the operations.
  • Full Family Ownership: In May 2021, the Riu family retook full ownership of the company, solidifying its Spanish heritage and family-run status.

This long history and consistent family involvement underscore Riu's Spanish identity, despite past partnerships. For more information, you can refer to the RIU Hotels Wikipedia page.