RIU Hotels & Resorts is a Spanish family-owned hotel chain specialising in all-inclusive resorts and urban hotels. It was founded in 1953 by the Riu family in Mallorca and is headquartered in Palma de Mallorca, Balearic Islands, Spain.
The company operates primarily in sun-and-beach destinations and, since the 1990s, has maintained a strategic alliance with the German tour operator TUI Group through an operating joint venture called Riusa II.[1]
History
RIU was founded in 1953 when Juan Riu Masmitjà and María Bertran Espigulé, together with their son Luis Riu Bertrán, acquired the Hotel San Francisco in Mallorca, which became the chain's first property.[2] During the 1960s and 1970s, the company expanded across the Balearic Islands, and in 1977 formalised a commercial partnership agreement with the German tour operator TUI (Touristik Union International).
In 1985, RIU opened its first hotel on Gran Canaria—the Riu Palmeras—marking the beginning of its expansion beyond the Balearics.