CHICAGO – January 23, 2013 – Preferred Hotel Group™, a global provider of sales, marketing, and distribution services to independent luxury hotels, reported today its 2012 year-end results, which include a 19 percent increase in revenue produced for its members hotels, up to a total of $730 million. In the past 12 months, the company also generated a 14 percent increase in reservations via its diverse distribution channels and booked nearly three million room nights, an increase of 17 percent compared to the same time period in 2011.
“Despite the ongoing challenges of the global economy, we successfully fulfilled our goals of increasing revenue opportunities for member hotels and growing our portfolio in strategic destinations,” said Lindsey Ueberroth, President of Preferred Hotel Group. “In 2013, we will continue our growth campaign and establish a footprint in destinations that are desired by our guests and beneficial to our brands. Moreover, we will be focused on rolling out new and innovative consumer marketing initiatives for our member hotels.”
Other year-end highlights include:
For more information on Preferred Hotel Group, please visit PreferredHotelGroup.com.
About Preferred Hotel Group™
With a global reach extending into more than 85 countries, Preferred Hotel Group represents more than 650 of the finest hotels, resorts, and serviced residences in the world. Preferred Hotel Group’s brands include Preferred Hotels® & Resorts, Preferred Boutique™, Summit Hotels & Resorts™, Sterling Hotels™, Sterling Design, and Summit Serviced Residences™. Travelers gain valuable benefits through branded programs that include Preferred Residences™; Preferred Golf ™; the I Prefer™ Guest Benefit Program; Preferred Pride, a collection of TAG-approved or IGLTA-member hotels; and Preferred Family, a collection of hotels and resorts certified to provide a rich experience for travelers of all ages. For more information, visit PreferredHotelGroup.com and follow the brands on Facebook and Twitter.
Senior Manager, Media Relations - Americas
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