• Preferred progresses

Preferred Hotel Group saw revenues up 14% in 2013 to USD834m, as the marketing umbrella added 126 new properties. Member hotels saw better day rates, with Mexico up 16% and French properties improving 15%.

Preferred added new markets Vietnam and Myanmar, and expanded its portfolio in Spain and Colombia. Eleven properties joined Preferred after deflagging from a hard brand.
Read the full story here:
http://www.preferredhotelgroup.com/press/preferred-hotel-group-announces-2013-results

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