Preferred Hotel Group, a global provider of sales, marketing and distribution services to independent hotels, has announced its third quarter results.
Compared to this time last year, Preferred Hotel Group generated year-to-date increases of 15% in reservations revenue, 11% in room nights and 4% in ADR for its member hotels in Europe. In addition, year-to-date increases of 26% were generated in reservation revenue, 21% in room nights and 4% in ADR on behalf of the group’s total worldwide portfolio.
The company has also welcomed 13 new hotels to its Europe portfolio over the past three months, bringing its year-to-date growth in Europe to 22 new properties.
“It is a very exciting time for Preferred Hotel Group in Europe, and I am pleased with the strong results we have been able to produce for our member hotels in the region,” says Susan Devine, executive vice president of Europe at Preferred Hotel Group.
“The enhancement of our member portfolio in particular provides great momentum as we head into the final months of 2013, with to-date bookings for our hotels in Europe for the months of November and December already 25% and 18% higher, respectively, than this time last year.”
