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Strong first quarter of 2008 for LHW

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Published on 05/05/08 - Updated on 17/03/22

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Continuing a solid trend through the first three months of the year, the company has generated hotel revenue USD 200 million. Internet sales are robust, producing hotel revenue of USD 36.8 million. In the meetings and groups segment, Leading Group Sales has registered USD 22.5 million thus far for the year. Average daily rate is also up across all three sectors over the previous year. ADR for The Leading Hotels of the World, Ltd. was USD 478 at the end of the first quarter, up USD 32 over last year. Through Leading Interactive Reservations, it has risen to USD 530, an increase of USD 51 over 2007. At the same time, roomnight sales totaled 329,379 for the first three months, while Leading Interactive Reservations posted an increase of 28%.

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