Preferred Hotel Group’s year-end revenue grew in double digits in 2013 on the back of a significant amount of new hotels joining the group.
In 2013, the company generated USD$834 million in revenue on behalf of member hotels, an increase of 14% over 2012, and welcomed 126 new properties.
“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 Preferred Hotel Group President, Lindsey Ueberroth.
“Preferred Hotel Group is entering 2014 well positioned for continued growth [and] we are building on the momentum of last year and have many exciting developments in the pipeline.”
Ueberroth said the company made some “monumental enhancements” to its portfolio of products and services during 2013, 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.