DUBAI, UAE, 17 October 2024: UAE-headquartered Global Hotel Alliance reports a powerful Q3, with double-digit growth achieved across all performance metrics.<\/p>\n\n\n\n
Total hotel revenues rose 15% to reach USD689 million in Q3, with year-to-date revenues now at USD2 billion. Q3 growth was fuelled by a 16% increase in room nights and a slight uptick in average rate.<\/p>\n\n\n
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One of the key drivers behind GHA’s ongoing success is its GHA Discovery loyalty programme, which now boasts a membership of 28.3 million. In Q3, 66.2% of member revenue was generated by international stays: the US, UK, Germany, Australia, and China led as top feeder markets, together contributing 26% of total international room revenue.<\/p>\n\n\n\n
Redemptions of GHA Discovery\u2019s rewards currency, Discovery Dollars (D$), rocketed by an impressive 95% year-on-year in Q3. Since members can earn and redeem D$ at any property operated by a GHA brand, this activity benefited all 800-plus hotels, evidenced by total cross-brand revenues jumping 31% to USD100.7 million in Q3, bringing total cross-brand revenue for the year to USD276 million. This reflects members\u2019 growing engagement with the loyalty programme\u2019s rich choice of over 40 independent hotel brands, which continue to gain in popularity.<\/p>\n\n\n\n
Q3 highlights <\/strong><\/p>\n\n\n\n
Spain hotels at the top:<\/strong> GHA\u2019s hotel brand properties in Spain achieved the highest total room revenues across domestic and international stays in Q3, followed by those in Thailand, Italy, Singapore, and the UAE, respectively. Thailand hotels led the international room revenue rankings, with 93% of the country\u2019s room revenue in Q3 generated by international stays, totalling USD34.7 million. Italy followed with USD29 million, and Singapore with USD25.4 million.<\/p>\n\n\n\n
Portugal a Q3 favourite:<\/strong> Looking at the most popular destinations for GHA DISCOVERY\u2019s members over the summer months, Portugal came out on top, with members from the UK and Spain being the biggest spenders there. US members favoured Italy, while Australians chose Fiji, Germans preferred the Netherlands, and members from China opted for Singapore.<\/p>\n\n\n\n
More hotels, more choice:<\/strong> GHA\u2019s robust Q3 performance was supported by portfolio growth in key global markets. Four new regional brands in Norway, Greece, the UAE and Malaysia, with 32 hotels recently joined the alliance, while existing hotel brands continue to open new properties in key destinations worldwide.<\/p>\n\n\n\n
Global Hotel Alliance CEO Chris Hartley commented: \u201cThe double-digit revenue growth and the sharp rise in direct bookings and Discovery Dollar redemptions show that our expanding global presence, our diverse choice of hotel brands and an innovative loyalty programme continue to appeal to international travellers. As we build on this momentum, we are well-positioned to finish 2024 on a high note, with even more brands and new hotels to be announced before the end of the year.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
DUBAI, UAE, 17 October 2024: UAE-headquartered Global Hotel Alliance reports a powerful Q3, with double-digit growth achieved across all performance metrics. Total hotel revenues rose 15% to reach USD689 million in Q3, with year-to-date revenues now at USD2 billion. Q3 growth was fuelled by a 16% increase in room nights and a slight uptick in […]<\/p>\n","protected":false},"author":22,"featured_media":243393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[640,447],"tags":[],"class_list":{"0":"post-243370","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hotels","8":"category-middle-east"},"yoast_head":"\n
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