Leading Hotels of the World, Ltd. Achieves Sales and Production Records in 2007
Luxury leader excels in revenue and roomnights
NEW YORK, NY, February 4, 2008. The Leading Hotels of the World, Ltd. enjoyed its most successful year ever in 2007, setting new records in sales and revenue.
Roomnight sales production of nearly 1.65 million surpassed the previous record level reached in 2005. This impressive achievement was the result of two major influences: the robust travel industry and the strength of client loyalty to the Leading Hotels brand among hoteliers and consumers. Website initiatives at lhw.com helped boost the growth of the Internet distribution channel, with production growing by 12% over the preceding year, from 220,884 room nights in 2006, to 247,269 in 2007.
The average room rate continued its strong upward trend from USD 412 to USD 470, marking the highest ADR ever achieved by the company in its 80-year history. Once again, The Leading Hotels of the World, Ltd. delivered the highest average rate in the luxury hotel sector.
Company president and chief executive officer Paul M. McManus, commented, "Despite some uncertainty in the economy and volatility on the international geopolitical scene toward the end of 2007, Leading Hotels marked its strongest year ever. Indeed, these factors continue to fuel interest in membership in our organization, as hotels look to us for the exceptional value and revenues we deliver, and for our unrivalled brand recognition."
He concluded by saying, "We are encouraged by the continuing vibrancy in luxury travel, despite recent market fluctuations, and we remain committed to ensuring that our member hotels are always best positioned to sustain the advantage in their markets, through innovative customer-directed initiatives."
About The Leading Hotels of the World, Ltd.
The Leading Hotels of the World, Ltd. is the prestigious luxury hospitality organization representing nearly 450 of the world's finest hotels, resorts and spas, and is the operator of www.lhw.com and www.lhwspas.com - the online sources for your luxury lifestyle. As the largest international luxury hotel brand, the firm maintains offices in 26 major markets across the globe.
Since 1928, the company's reputation for excellence derives from the exacting levels of quality it demands of its members, each of which must pass a rigorous, anonymous inspection covering 1,500 separate criteria.
High resolution images and press information on individual member hotels are available for downloading at www.lhw.com/press. For reservations and information, visit www.lhw.com or telephone toll-free from the USA, Canada, Puerto Rico and the US Virgin Islands, (800) 223-6800.
Media Contact: Karen Preston
Public Relations Manager
(212) 515-5631
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