 Raleigh,
NC (AllianceHospitality.com)
October 31, 2012 - Alliance
Hospitality, a leading 3rd party hotel management company
based in Raleigh,
North Carolina, today announced very strong fiscal results for last
quarter.
According to data released by Smith Travel Research, Alliance
Hospitality
revenue per available room increased 6.4-‐percent compared to last
year,
surpassing both the U.S. hotel market average growth of
5.2-‐percent and the
competitive sets growth of 0.9-‐percent for the quarter. The
revenue growth of
Alliance Hospitality hotels was fueled by a 1.4-‐percent rise in
occupancy
coupled with a 5.0-‐percent lift in average daily rates.
The increase in revenue occurred across multiple vertical and geographic markets, however a significant portion of the increase is attributed to an 18.7% increase in revenue from transient negotiated accounts and a 17.2% increase in revenue from group business at the hotels. These two segments combined represent more than one-‐third of the revenue generated for the quarter. Ryan Gosdin, Vice President of Sales & Marketing commented, “We are very pleased to report our exceptionally strong operating results generated through solid rate growth and aggressive targeting of business travelers and group business at our hotels. The power of our industry-‐leading sales platform at Alliance Hospitality is evident by our increases in market share and through our persistent strength in group booking pace.” 
Remarking on the third-‐quarter fiscal performance of the Alliance Hospitality portfolio of hotels, Rolf Tweeten, Chairman and CEO said, “As the economy continues along its prolonged recovery path and demand from business and leisure travelers grows, we recognize the importance of strategic revenue management combined with a knowledgeable and competent sales and operations teams. I am confident that my team will continue to push our hotels to exceed industry benchmarks and surpass the expectations of our owners and investors.” For more information on Alliance Hospitality, please email [email protected]. About Alliance Hospitality Alliance Hospitality is an innovative next-‐generation hospitality management company, headquartered in Raleigh, North Carolina. Alliance was founded in 2003 to manage lodging assets for institutional investment groups, individual owners and lenders. Alliance Hospitality provides value by developing the highest caliber hospitality professionals, and through implementing proprietary tools and unique processes to create a comprehensive hospitality management system. The Alliance portfolio of full-‐service, extended stay, all-‐suite, and select service hotels includes hotels operating under agreements with Marriott, Hilton, IHG, Carlson, Wyndham, Choice, and Starwood as well as Independent hotels. This press release contains "forward-‐looking statements" that involves risks, uncertainties and assumptions. Forward-‐looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. These forward-‐looking statements include the quotations from management in this press release, as well as any statements regarding Alliance Hospitality's strategic plans and future guidance. Forward-‐looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Since forward-‐looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-‐looking statements. Important factors that could cause actual results to differ materially from those in the forward-‐looking statements include regional, national or global political, economic, business, competitive, market and regulatory conditions. Any forward-‐looking statement made by us in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-‐looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. 2012 Alliance Hospitality Mgt. LLC. All rights reserved. © |