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Wyndham Hotels & Resorts , for the first quarter ended March 31, reported that global RevPAR grew 1% in constant currency and ancillaryrevenues grew 8% compared to the first quarter of 2023. The company’s development pipeline consists of nearly 2,000 hotels and approximately 243,000 rooms, an all-time record for the latter.
increase in occupancy. ” As for the remainder of the year, Bojanowski is seeing a slowing of year-over-year growth in occupancy, primarily driven by a flattening of leisure transient demand and continued slow growth in business transient demand. ” Meliker expects RevPAR growth to end the year up 1.8%, driven by a 2.6%
“Our teams around the world once again delivered exceptional results, executing our long-term growth strategy and achieving 7% growth in comparable adjusted EBITDA fueled by continued system expansion, higher royalty rates and growth in our ancillaryrevenues,” said Geoff Ballotti, president/CEO. “We which increased 10% YOY.
Ancillaryrevenues increased 6% compared to second quarter 2023. RevPAR results were driven by growth of 90 basis points in occupancy, partially offset by a decline of 50 basis points in ADR. APAC occupancy declined 7% and ADR declined 5%. Awarded 180 development contracts globally, including 96 contracts in the U.S.,
Our teams focus on expanding into higher FeePAR markets, growing our extended-stay footprint and unlocking new ancillaryrevenue streams underscore the diverse growth opportunities inherent in our asset-light, resilient business model. Key highlights include: 7% growth in the U.S.
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