Northstar

www.travelweeklyweb.com www.travelweeklyweb.com 12 | ■ TRAVELWeekly AsiA | FEBRUARY 2014 HOTELS Preferred Hotel Group announces 2013 results Revenue on behalf of member hotels saw a 14% increase over 2012. SINGAPORE – Preferred Hotel Group™, a global provider of sales, marketing, and distribution services to independent hotels, has announced its year-end results. In 2013, the company generated $834 million in revenue on behalf of member hotels, an increase of 14% over 2012, and welcomed 126 new properties. Preferred Hotel Group also made monumental enhancements to its portfolio of products and services including the launches of iPrefer and China Ready, announced several strategic hires, and increased visibility for its partners among the online and travel trade communities. "I am proud that we successfully executed on every initiative we set out to accomplish in 2013, from the expansion of our global footprint to the introduction of groundbreaking programs," said President Lindsey Ueberroth. "Preferred Hotel Group is entering 2014 well positioned for continued growth as a preferred partner for independent hotels and resorts worldwide. We are building on the momentum of last year and have many exciting developments in the pipeline." Highlights of the company's accomplishments over the past 12 months include: • Driving Revenue to Member Hotels: In addition to strong reservations revenue, Preferred Hotel Group produced increases of 17% in bookings, 20% in room nights, and 6% in ADR on behalf of its portfolio in 2013, compared to 2012. Member hotels in Mexico and France saw the greatest increases in ADR, up 16% and 15%, respectively, over 2012. Harbour Grand Hong Kong, Hong Kong SAR, China

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