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Preferred Hotel Group announces second quarter results

July 23, 2014 Hotel News No Comments Email Email

Preferred Hotel Group™, a global provider of sales, marketing, and distribution services to independent luxury hotels, today announced second quarter results.

Over the past three months, the company generated year-to-date increases of 23 percent in reservations revenue, 18 percent in room nights, and 20 percent in bookings for its member hotels, compared to the same time period in 2013. The company also continued its growth campaign, welcoming new hotels across 12 different countries.

I’m very pleased with what we were able to accomplish over the past three months,” said  Lindsey Ueberroth, President & CEO of Preferred Hotel Group. “We expect this momentum to continue heading into the fall, with to-date bookings for our hotels in September already 21 percent higher than this time last year and several exciting development partnerships in the pipeline.”

The 12 new hotels and resorts that joined Preferred Hotel Group during the second quarter include Belle Monte Farm (Saint Kitts); Blue Doors Celebrities Suites & Apartments (Cundinamarca, Colombia); Discovery Primea, Manila (National Capital Region, Philippines); Grand Excelsior Hotel, Sharjah (United Arab Emirates); Hotel Palafitte (Neuchâtel, Switzerland); Hotel Royal Palm Tower Indaiatuba (São Paulo, Brazil); Le Chatelain Boutique Hotel (Région de Bruxelles-Capitale, Belgium); The Landings St. Lucia (Castries, Saint Lucia); My Fortune Hotel, Bengaluru (Karnātaka, India); Pacific Gateway Hotel at Vancouver Airport (British Columbia, Canada); Savoy Resort and Spa (Grand Anse Mahe, Seychelles); and Shilla Stay Yeoksam (Seoul Teugbyeolsi, South Korea), a 350-room contemporary business hotel scheduled to open in the city’s thriving Gangnam district in October 2014

In the third quarter, Preferred Hotel Group will celebrate the opening of its newest hotel in Singapore, One Farrer Hotel & Spa, which will welcome its first guests in September. Situated in the heart of one of Singapore’s historic neighbourhoods, this 250-room luxury hotel offers three distinct types of accommodation under one roof, ranging from standard rooms and private villas to serviced apartments. It is strategically located adjacent to the new Farrer Park Hospital and will set a new benchmark as an integrated hospitality and medical experience – a first for Asia Pacific.

For more information on Preferred Hotel Group, please visit www.PreferredHotelGroup.com.

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