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La Quinta Inns & Suites Announces Results for the First Half of 2012

La Quinta’s Mid-Year Numbers Demonstrate Outstanding Year over Year
Growth and Business Performance


 
DALLAS (July 24, 2012) – La Quinta Inns & Suites announced results for the first half of 2012, which include continued outstanding growth in franchise development, openings and brand performance.

In the first half of 2012:
  • La Quinta awarded 21 new franchises, an increase of more than 30% over the same period in 2011.
  • The brand opened 11 properties, close to double the number opened in the first half of last year.
  • RevPAR at La Quinta franchised hotels was up more than 9.4 % over the same period in the previous year.
  • Guest satisfaction at those hotels continues at record levels, with numbers rising in every measurement – Satisfied Intent to Return, Product Quality, and Service Quality.
  • La Quinta’s system wide mobile revenues increased more than 124% over the first half of 2011.
  • Member revenue and member room nights generated from the brand’s La Quinta Returns loyalty program both increased by more than 20%.
  • La Quinta Returns member revenue accounted for more than 40% of total revenues into the La Quinta system in the first half of 2012.
Rajiv Trivedi, La Quinta’s Executive Vice President and Chief Development Officer said, “We are proud to share these first half 2012 results, which exceed expectations across many important metrics, and demonstrate the continued strength of our brand, throughout the U.S. and internationally.” Trivedi concluded, “By every measure and on every street corner, La Quinta continues to solidify its position as the premier brand in select service. We look forward to updating the industry on our continuing success in all areas in the second half of 2012.”

La Quinta now has more than 820 hotels across the United States, Mexico and Canada. The brand signed an agreement to bring La Quinta to Colombia earlier this year. It expects continued rapid growth in Mexico, and anticipates announcements of additional international expansion before the end of the year.

“Our first half 2012 results are a source of tremendous pride to everyone at La Quinta,” said Wayne Goldberg, La Quinta’s President and Chief Executive Officer. He concluded, “From franchise growth to technology innovations and new revenue streams, the La Quinta brand is firing on all cylinders. We look forward to sharing much more good news in the months ahead.”

Among other highlights, in the first half of 2012, La Quinta introduced a new feature called “LQ Instant Hold,” which allows travelers to reserve a room for a same night’s stay, using just the user’s mobile telephone number. The company also introduced a new mobile app for the iPhone and Android.  LQ Instant Hold can be accessed through the new mobile app. La Quinta achieved a first-half increase of more than 124% in mobile revenues compared with 2011.

La Quinta continues to receive recognition as one of the most innovative brands in the industry, winning awards in training, franchise communications and technology.

About La Quinta
LQ Management L.L.C. is one of the largest operators of limited-service hotels in the United States.  Based in Dallas, Texas, the Company operates and provides franchise services to more than 800 hotels in 46 states, Canada and Mexico under the La Quinta Inn® and La Quinta Inn & Suites® brands. For reservations or more information about La Quinta, please visit www.LQ.com or call 1-800-SLEEPLQ.    Follow La Quinta Inns & Suites on Twitter at http://twitter.com/LQ or become a Facebook fan at http://www.facebook.com/laquinta.
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Contact: 

Teresa Ferguson
212-492-6937
teresa.ferguson@laquinta.com

Michael Frenkel
(212) 808-6559
michael@mfcpr.com 
 
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Also See: La Quinta Inns & Suites Expands Franchise Team, Promotes Key Executives; La Quinta Further Enhances its Commitment to its Franchise Partners, and their Access to the Support Team / July 2012

La Quinta Inns & Suites Named a 2012 Technology Visionary; La Quinta Wins Industrywide Award for Use of Cloud Technology to Improve Efficiency and Reduce Costs / May 2012

La Quinta Inns & Suites Announces Thomas Busch As Director Of Development For The Midwest; Hospitality Development Executive Joins the Hotel Industry’s Premier Franchise Sales Team to Lead La Quinta’s Expansion in the Heartland / May 2012

La Quinta is the Decade's Fastest Growing Select Service; According to Smith Travel Research, La Quinta's Worldwide Growth Exceeds its Nearest Competitor by More than 250% in the last ten years -- and in domestic growth by more than 25% in the last five years / February 2012

La Quinta Inns & Suites Opens in Puebla Palmas, Mexico / December 2011

La Quinta Inns & Suites Announces Edgar Garin as Director of Franchise Development for Central and South America; La Quinta Continues to Invest in Latin American Growth with a Burgeoning Pipeline of more than 1,100 Rooms and an Enhanced Infrastructure to Promote Rapid Expansion / November 2011

La Quinta Inns & Suites Announce Year-End Results; 2010 Numbers Exceed Expectations in Quality, Service, Guest Satisfaction and Growth Position the Brand for an Even Brighter 2011 / February 2011

La Quinta Inns & Suites Announces Mark Heisler as Director of Development for the Midwest / January 2011

La Quinta Inns & Suites Adds Three Hotels in Idaho; Agreement with AmeriTel Inns, Brings La Quinta Brand to Boise, Idaho Falls and Twin Falls / July 2010

Ameritel Planning Two Hotels in Twin Falls, Idaho / July 2006
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