Portfolio of managed hotels surpasses results of competitors with 15.6 percent higher growth in revenue per available room for the Quarter. Year to Date results exceeded competitive market by 38.8 percent in revenue per available room.
Raleigh, NC (AllianceHospitality.com) November 16, 2011 – Alliance Hospitality, a hotel management company based in Raleigh, North Carolina, today reported operating results for the third quarter 2011. Ryan Gosdin, Vice President of Sales & Marketing commented, “For the third consecutive quarter in 2011, we have exceeded the results of our competitors in year over year growth in revenue per available room. This growth is attributed to our industry-leading sales, revenue management, and ecommerce program at Alliance Hospitality.”
For the three month period ending September 2011, the Alliance Hospitality portfolio of hotels outperformed competitive set hotels by 15.6 percent in guestroom revenue growth compared to the same period in 2010 according to data released by Smith Travel Research.
Year to date as of September 2011, Alliance Hospitality reported guestroom revenue growth 38.8 percent higher than competitive set hotels and 12.0 percent higher than the national average. This strong performance is expected to continue throughout the remainder of 2011 based on current occupancy levels versus the competitive set indicated by our enterprise demand reporting via TravelClick.
Regarding the financial results for the Alliance Hospitality portfolio of hotels, Rolf Tweeten, Chairman and CEO said, “Our strong results for Q3 2011 further illustrate our commitment to delivering superior financial results for the assets that we manage. Many of our competitors continue to offer a lower cost hospitality management program that provides lower value and return on investment. Our comprehensive program combines industry-leading revenue management and sales support with operations and accounting controls to deliver higher gross operating profits across the board.”