Significant Growth for WORLDHOTELS in 2005

WORLDHOTELS has reported significant growth in its year-end figures for 2005. Global room revenue, generated for hotels appearing in both the 2004 and 2005 WORLDHOTELS portfolio increased by 16%, up to 194 million US$. From a geographic point of view the generated room revenue increased in EMEA by 9%, in the Americas by 19% and in Asia Pacific by 17%.

2005 saw global room night production for ‘same store hotels’ increase by 14%, up to 1.1 million room nights. Of this figure, EMEA increased by 8%, the Americas by 18% and Asia Pacific by 12%.

The average room rate increased by a total of 2% year on year, reaching US$175 in 2005.

WORLDHOTELS' portfolio increased by 17% over the course of the year, having reached a total of 525 members by end of 2005, 357 of which are based in the EMEA region, 87 in the Americas, and 81 hotels in Asia Pacific. This was an addition of 27 hotels in the Deluxe collection, 43 in First Class and 9 in the Comfort collection.

In total, WORLDHOTELS generated a global room revenue of US$ 248 million in 2005, the global room night production was 1.4 million.

Commenting on the company’s success, WORLDHOTELS’ Chief Executive Officer, Michael Ball said, “2005 was one of the most important years in our 35 year history. WORLDHOTELS has achieved some incredible results for our members in respect of room night production and generated room revenue. In an increasingly complex and interconnected world we need to offer our member hotels much more than just reservations services in order to help them grow their business. Therefore we constantly seek to improve and broaden our product and service offering for our members.”

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