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Global Hotel Alliance reports strong Q2 performance

Global Hotel Alliance reports strong Q2 performance

Kanchan Nath

- July 18, 2024

 

Global Hotel Alliance has reported robust Q2 results across all key performance indicators positioning the world’s largest alliance of independent hotels brands for a positive second half of the year.

Strong growth in hotel revenues, room nights, GHA DISCOVERY membership enrolments and redemptions of the loyalty programme’s DISCOVERY Dollars (D$) all took centre stage in Q2, reflecting increased appetite for stays and experiences across GHA’s diverse portfolio.

Room nights and hotel revenues surge
Driven by the growing number of travel-hungry GHA DISCOVERY loyalty programme members, room nights surged 13.4% in Q2, with H1 growth of 17.3% compared to 2023. At the same time, room revenue shot up 10% in Q2 versus Q2 2023.

Room revenues driven by international stays
Total H1 room revenues reached $1.3 billion compared to $1.1 billion in H1 2023. Turning the spotlight on Q2, 67% of room revenues, generated by GHA DISCOVERY members, were driven by international stays, dominated by the Maldives (99% of member revenues from international stays), Thailand (92%) and Portugal (89%).

The UK and US deliver most business
In terms of feeder markets for international stays, the UK and US continue to dominate. GHA DISCOVERY members in the US delivered more total room revenue than any other market ($110 million) with 72% of that attributed to overseas trips, while UK members generated the second highest total room revenue ($69 million), 87% of which was international.

Most popular destinations revealed
The UAE came out on top as the most preferred international destination for GHA DISCOVERY members in H1 when measured by room revenue, with Italy, the UK and Russia as its top feeder markets. Singapore was the second most popular destination, driven by members in China and Australia.

GHA DISCOVERY membership and D$ spend hit new heights
A stand-out performer in Q2 was enrolments in GHA DISCOVERY – swelling some 19.5%, with total membership hitting a record high of more than 27 million by the end of H1.

As membership and stays both rise at a rapid rate and with more D$ in circulation than ever before, redemption of the programme’s digital currency rocketed 85% in Q2 2024 compared to the same period last year.

Cross-brand revenues and direct bookings continue to rise
Growth across the entire GHA and GHA DISCOVERY ecosystem delivered incremental benefits to the alliance’s hotel brands, as cross-brand revenue gains have revealed. They picked up 31% to reach $176 million in H1 2024 versus $135 million in H1 2023.

GHA direct website and app bookings increased by 40% versus H1 2023, with average spend per member 57% higher on GHA DISCOVERY’s direct channels compared to other third-party channels.

These results clearly demonstrate how GHA hotels are receiving incremental revenue from GHA DISCOVERY members earning D$ at one property and redeeming them as part of their stay at another.

Chris Hartley

 

“Our stellar H1 numbers reflect the huge demand for leisure travel and the strength of our expanding portfolio. We are now entering a phase of sustained growth, buoyed by our unique multi-brand loyalty programme that continues to diversify its offering of new hotels and destinations,” said GHA CEO Chris Hartley.

“This performance also demonstrates the value we bring to our hotel brands and the strong engagement of our loyal members. We look forward to building on this momentum as we move into the second half of the year with July and August already looking very strong.”

GHA’s Q2 and H1 success marks another milestone in the year the alliance celebrates its 20th anniversary. Since GHA was launched in 2004, it has grown exponentially to represent a collection of 40 brands with more than 800 hotels, resorts and palaces in 100 countries, while the 27 million members of its GHA DISCOVERY loyalty programme, first launched in 2010, generated $2.3 billion in revenue and 10 million room nights in 2023.

 

 

May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
The prestigious IWTA Awards 2024 Award Winners are listed below:

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We can also organise a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

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Global Hotel Alliance reports strong Q2 performance

Kanchan Nath

- July 18, 2024

No posts found.

May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
The prestigious IWTA Awards 2024 Award Winners are listed below:

content studio box

…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign.

We can also organise a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

x Studio

Connect with your clients by working with our in-house brand studio, using our expertise and media reach to help you create and craft your message in video and podcast, native content and whitepapers, webinars and event formats