The Leading Hotels of the World, Ltd. Achieves Sales and Production Records in 2007
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The Leading Hotels of the World, Ltd. Achieves Sales and Production Records in 2007
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Category: Worldwide -
This is a press release selected by our editorial committee and published online for free on 2008-02-05
Luxury leader excels in revenue and roomnights
The Leading Hotels of the World, Ltd. enjoyed its most successful year
ever in 2007, setting new records in sales and revenue.
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.”
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