4Hoteliers
SEARCH
SHARE THIS PAGE
NEWSLETTERS
CONTACT US
SUBMIT CONTENT
ADVERTISING
Leading Hotels 2007 record year.
Tuesday, 5th February 2008
Source : Leading Hotels of the World, Ltd.
In 2007 new records in sales and revenue were archieved for the The Leading Hotels of the World, which enjoyed its most successful year ever.

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."
 Latest News  (Click title to read article)




 Latest Articles  (Click title to read)




 Most Read Articles  (Click title to read)




~ Important Notice ~
Articles appearing on 4Hoteliers contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.
© Copyright 4Hoteliers 2001-2025 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here
Use of this web site is subject to our
terms & conditions of service and privacy policy