Worldhotels Reports 29% Revenue Increase for Q3 2011

Travel News Asia Latest Travel News Podcasts Videos Friday, 11 November 2011

Worldhotels has reported a year-on-year increase of 29% on revenue and a 21% increase on its room night bookings for the third quarter of 2011.

The group attributes this growth largely to increased distribution in all electronic channels, particularly via its products OTA360 and Spider by Worldhotels tools designed to drive indirect and direct online bookings. The introduction of these management tools provides properties with the opportunity to enhance international visibility, maximise internet bookings and ultimately increase profit margins.

2011 already promised to be a successful year with first quarter results showing an increase of 20% on the groups room night bookings. This continued growth goes a long way in helping Worldhotels achieve its key objectives this year.

2011 continues to be a great year for Worldhotels; such growth in the current economic climate is excellent news for the group and all of its partners, said Worldhotels Asia Pacific Vice President, Roland Jegge. Besides growth and ongoing recovery in our GDS channels, we have seen a particular increase in bookings through our internet booking engine Resmaster as well as OTAs. 

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