The leading and highly revered luxury hospitality consortium, The Leading Hotels of the World, Ltd. (LHW) has now released its 2011 business reports with quite encouraging figures. Despite the current global economic downturn, this amalgamation of some 430 luxury hotels and resorts worldwide has stated that the company has experienced a significant 13% jump in its annual sales with a year ending figure of $614 million. Of its entire portfolio, 391 hotels in the consortium remained with the organization as full-time members in both 2010 and 2011. These LHW hotels were able to provide impressive performance figures despite numerous concerns such as the Japan earthquake, the Arab Spring etc. The LHW hotels for the year 2011 contributed a revenue of $570 million, which turned out to be better than their contribution in the year 2010, which stood at $479 million, thereby showing a 19% increase. With a successful year 2011 and increased revenue percentage, LHW has been able to establish that the luxury seekers are very much capable of opening their wallets, provided they are catered to the expectations of luxury, quality and value.
One of the primary and most successful elements of the LHW proved to be the Leading Golf program, which contributed an significantly in the enhanced sales figures. This luxury program experience of 41% increase for the year 2011 and was the driving factor for increased revenues reported by 50 participating resorts. The success of the Leading Golf program has led to the creation of the prestigious The Golf Society, which was launched earlier this year. The Gold Society essentially combines the privileges and perks of both the Leaders Club and Leading Golf program. Some of the most profitable regions across the globe for the LHW consortium proved to be the United States, the United Kingdom, Germany, Brazil, and Russian Federation.