
Preferred Hotel Group, provider of sales, marketing, and distribution services to independent luxury hotels, reported its 2012 year-end results, which include a 19 percent increase in revenue produced for tis members, up to a total of $730 million. In the past 12 months, the company also generated a 14 percent increase in reservations and booked nearly three million room nights, an increase of 17 percent compared to the same time period in 2011.
said Lindsey Ueberroth, President of Preferred Hotel Group.Other year-end highlights include:
- Successful Revenue Management Initiatives. To support the revenue goals of its member hotels, Preferred Hotel Group diversified its online distribution channels by launching new partnerships with RoomKey.com and Trivago.com. In addition, the company introduced a new revenue account manager certification program that ensures that member hotels are benefiting from the most sophisticated rate strategies and channel management practices in the industry. While these innovations proved successful worldwide, properties in Asia Pacific, Europe, and North America were the strongest revenue producers, with country-specific growth as high as 31 percent in the United States.
- Strategic Brand Portfolio Growth. Preferred Hotel Group increased its global footprint in 2012 by launching its fifth brand, Summit Serviced Residences, and establishing a presence in previously unrepresented countries such as Georgia, Costa Rica, Iraq, and the Maldives. New hotels to join the company’s portfolio included such marquis properties as The Alpina Gstaad, Wynn Las Vegas and Encore, and The Mark.
- Enhanced Sales Presence. To support its growth in new markets and to strengthen its reach in key regions, the company opened its first sales office in Canada and a group desk in Europe. It also launched VIP desks in Brazil and Russia, enhanced the services of its Chicago VIP desk, and added resources in Beijing to complement the sales efforts of its Shanghai office.
- Increased Loyalty Program Membership. More than 100,000 travelers enrolled in the company’s I Prefer guest benefit program in 2012. To-date, nearly 1.3 million loyal guests receive rewards and special offers from more than 500 member hotels worldwide.
- New Family Website. In June 2012, Preferred Hotel Group showcased its commitment to family travel with the introduction of www.PreferredFamily.com. This comprehensive planning tool features innovative search functionality, discussions on current news and travel trends, and exciting city itineraries to match travelers with the Preferred Family certified hotel or resort that best suits their family’s specific needs.
Preferred Hotel Group represents more than 650 hotels, resorts, and serviced residences in the world though its various brands and labels: Preferred Hotels & Resorts, Preferred Boutique, Summit Hotels & Resorts, Sterling Hotels, Sterling Design, and Summit Serviced Residences.