Finance

Preferred Hotels & Resorts reveal revenue of $1.35 billion in 2017

Preferred Hotels & Resorts, has announced its 2017 year-end results. In 2017, the company generated $1.35 billion in reservations revenue on behalf of its member properties worldwide, a 22% increase over 2016; welcomed 103 new properties; and enriched its points-based I Prefer hotel rewards program by launching a mobile app and members-only rates.