Preferred Hotels & Resorts announces 2015 year-end result

Preferred Hotels & Resorts announces 2015 year-end result

Preferred Hotels & Resorts, the world’s largest global provider of sales, marketing and distribution services to independent luxury hotels, has announced phenomenal 2015 year-end results. Last year, the company marked a major milestone in its 48-year history by generating more than $1 billion ($1.011B) in reservations revenue on behalf of its member hotels worldwide, a 15% increase over the previous year. In a pivotal move, Preferred Hotels & Resorts also successfully executed a comprehensive rebranding in March 2015 that marked the onset of its new consumer-focused strategy, and also welcomed 91 new properties across 35 countries to its global portfolio.

“Preferred Hotels & Resorts successfully achieved several major milestones in 2015, and I am incredibly proud of these accomplishments that have us well positioned for significant, focused growth,” said President & CEO Lindsey Ueberroth. “With an innovative approach to hospitality, we remain steadfast in our commitment to providing curated travel experiences and innovative travel services with a continuous focus on brand integrity. We are excited to undertake the many opportunities for growth and collaboration that 2016 will bring.”, he informed.

“We are delighted to share this important announcement for Preferred Hotels & Resorts with the Indian market. These noteworthy developments are a great indicator of the company’s continuing momentum towards focused growth and creating new hospitality industry benchmarks on a global scale,” added Executive Vice President Saurabh Rai.

In 2015, the brand marked first-time presence in Israel, Ecuador, and Anguilla with the additions of The Carlton Tel Aviv, Royal Palm Hotel Galapagos, and Zemi Beach House Resort & Spa, respectively, and enhanced its footprint in markets such as Barcelona, Rio de Janeiro, Sao Paulo, Florida (USA), and Seoul.

You might also like

Latest

Abu Dhabi sees further growth in hotel guests following record-breaking year

Emirate targeting 10% rise in hotel guests in 2017 to reach 4.9 million Three quarters of a million guest arrivals in first two months of the year Following a record-breaking

Latest

flydubai and HackMania launch second Air Travel Hackathon

Airline announces boot camp webinar for young airline technology developers Dubai-based flydubai today announced its second Air Travel Hackathon in association with Hyderabad-based tech startup HackMania. The Hackathon, which is

Trending

India’s First Voice-Activated Smart hotel rooms debut at Park Inn by Radisson IP Extension, New Delhi

Voice-Enabled Technologies Simplify the Placing of Concierge Requests Efficiency of Housekeeping and Concierge Services Expected to Grow by 50 percent Advanced IoT Technology Allow Guests to Remotely Control Lights &