Preferred Hotel Group Announces 2013 Results
Tuesday January 14th, 2014 - 10:10AM X
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CHICAGO—Preferred Hotel Group generated $834 million in revenue on behalf of member hotels, an increase of 14% over 2012, and welcomed 126 new properties, according to the company’s year-end results released today.
In 2013, Preferred Hotel Group, a global provider of sales, marketing and distribution services to independent hotels, also made enhancements to its portfolio of products and services including the launches of iPrefer and China Ready, announced several strategic hires, and increased visibility for its partners among the online and travel trade communities.
“I am proud that we successfully executed on every initiative we set out to accomplish in 2013, from the expansion of our global footprint to the introduction of groundbreaking programs,” stated Lindsey Ueberroth, president of Preferred Hotel Group. “Preferred Hotel Group is entering 2014 well positioned for continued growth as a preferred partner for independent hotels and resorts worldwide. We are building on the momentum of last year and have many exciting developments in the pipeline.”
Tags: Preferred Hotel Group • Hospitality • Quarterly Results •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.