World Hotels sees double digit growth

Independent property group World Hotels saw double digit growth last year on both revenue and room nights. Like-for-like turnover for the portfolio increased by 17 percent, up to £117m, while comparative room night fulfillment climbed 18% in 2006, up to 1.3 million nights. The average room rate achieved in 2006 came in at £91. Across the whole portfolio, World Hotels generated £140m in room revenue last year, and the total room nights was 1.5 million. The average rate achieved was £94. Meanwhile, 82 independent hotels joined the group, taking it to 548 hotels by the end of last year – 43 hotels in the EMEA region, 27 in the Americas and 12 in Asia Pacific. "The financial results achieved in 2006, combined with the increase of independent hotels within the portfolio, proves that our business model has been well received, both by travellers and hoteliers alike,” said World Hotels chief executive Michael Ball.

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