Hotel amenities supplier, hotel supply company, hotel logistics company, luxury hotel rental and lodging services company, and hotel accommodations services company have reported record earnings and revenues for the past five years.
Hotel accommodations supply company Konami Holdings Inc. reported $1.7 billion in revenue in its fourth quarter, a year-to-date increase of 27%.
Hotels amenities supplier Aurora Group Inc. reported revenue of $865 million in the fourth quarter and is forecasting annual revenue growth of 15% to 15% this year.
A hotel amenities supplier called Mortgage Brokers Inc. reported $826 million in revenue for the fourth quarter and is predicting annual revenue gains of 7% to 10% this year.
Korean luxury hotel resort Jyjae Hotels Ltd. announced $2.1 billion in fourth quarter revenue from the sale of property. The hotel restaurant chain Kobe Co. is expected to post $936 million in revenues this year and $1 billion by 2020.
According to data from KPMG, Korea is the top source of revenue for luxury hotels.
In terms of hotel amenities supply, JYJae Hoters Ltd.
reported $924 million in revenues in the quarter.
South Korea is the second most-expensive country for hotel accommodation in the world.
For more information on luxury hotel supply companies, please visit KPMG’s Luxury Hotel Supply and Lodging Services (LHS) blog.