Uptick in reservations revenue highlights Preferred Hotels' Q2

Preferred Hotel Group, which provides sales, marketing and distribution services to independent luxury hotels, reported its second-quarter results, highlighted by a 23-percent increase in reservations revenue, an 18-percent increase in room nights, and a 20-percent increase 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).