Preferred Hotel Group Announces Second Quarter Results
CHICAGO - July 22, 2014 - Preferred Hotel Group ™, a global provider of sales, marketing, and distribution services to independent luxury hotels, today announced second quarter results. Over the past three months, the company generated 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 (Region 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).
About Preferred Hotel Group™
Preferred Hotel Group represents more than 650 of the finest hotels, resorts, and serviced residences in the world. Preferred Hotel Group's brands include Preferred Hotels® & Resorts, Summit Hotels & Resorts™, Sterling Hotels™, Summit Serviced Residences™, Sterling Design, and Preferred Boutique™. Travelers gain valuable benefits through branded programs iPrefer™, Preferred Family, Preferred Pride, Preferred Golf™, and Preferred Residences™. For more information, visit www.PreferredHotelGroup.com.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
