HotelRez reports huge 2023 growth, ranks as world’s 15th largest hotel company

HotelRez reports huge 2023 growth, ranks as world’s 15th largest hotel company
Edited by Travel Weekly

    HotelREZ Hotels & Resorts has outpaced the market with 52 per cent revenue growth with reservations up by over 42 per cent in the past 12-months.

    Now with over 2,500 independent hotels, apartments and hotel groups across 100 countries, the HotelREZ Hotels & Resorts portfolio has grown more than 20 per cent in 2023.

    Furthermore, HotelREZ Hotels & Resorts’ reach has expanded to new markets including Australia, South Africa and UAE – making it the 15th largest hotel company worldwide.

    With new customers including The Social Hub, World Hospitality Solutions, Countrywide Hotels, Ethiopian Airlines Group, Danat Hotels & Resorts and Roomzzz Aparthotels, the consultancy services and technology business has been enjoying huge success as hoteliers and accommodation providers look to diversify their distribution mix and simultaneously reduce their cost of sales. As a result, the British company has expanded its team in the UK and Europe.

    “We’re ecstatic to see such phenomenal growth results, we’ve totally exceeded our expectations this past year,” CCO, HotelRez Hotels & Resorts, Daniel Simmons, said.

    “Not only are hotels joining us to represent them with third party channels, but they’ve been adopting our Web Services products to drive more direct business – this is a real testament to the investment we’re making in our consultancy team twinned with our technology.”

    In the past year, HotelREZ Hotels & Resorts has launched a number of new products as part of its Web Services portfolio including digital advertising for Paid Ads and Metasearch, website design, and a number of tools and widgets for its booking engine to boost conversion.

    “Independent hotels and accommodation providers recognise the value and benefits of working with an experienced team to better enable their sales and revenue performance,” CEO, HotelREZ Hotels & Resorts, Mark Lewis, said.

    “It’s allowing them to focus on the hospitality experience and operations to service their guests without being distracted by the day-to-day need to source business.

    “We live and breathe hotels to produce high-rated revenue from the most suitable target markets at an attractive cost of sale that allow our customers to truly thrive.”

    (Featured image: HotelREZ Hotels & Resorts team, 2024. Supplied) 

    Latest News