Preferred Hotel Group Announces 2013 Results
Tuesday January 14th, 2014 - 10:10AM X
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
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 •
For the past few years, the talk of The Lodging Conference in Phoenix had been focused on the economic recovery, solid industry projections and “cautious optimism.” With the word cautious no longer necessary, the economic outlook took a backseat this year to the seemingly unending parade of new lifestyle brands.