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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. Development pipeline grew 1% sequentially and 8% YOY to a record 243,000 rooms. and growth of 14% internationally. In the U.S.,
Wyndham Hotels & Resorts reported its second quarter results, including growing its development pipeline by 7% and system size by 4% in the period. Development pipeline grew 1% sequentially and 7% year-over-year to a record 245,000 rooms. Ancillaryrevenues increased 6% compared to second quarter 2023.
. “In 2024, we also successfully relaunched four brands, substantially expanded our partnerships business, significantly increased our international footprint, achieved record organic rewards program growth and unlocked new value through additional ancillaryrevenue opportunities. Global pipeline as of Dec.
Wyndham Hotels & Resorts , for the three months ended Sept. We awarded 10% more franchise contracts domestically this quarter, driving 5% growth in our development pipeline. The growth in fee-related and other revenues reflects higher royalties and franchise fees and ancillaryrevenues. which increased 10% YOY.
Arigo, who brings 35 years of industry experience to LuxUrban, will be primarily responsible for the day-to-day operations of the company’s hotel portfolio, with a focus on enhancing property-level operations, optimizing supply chain relationships, elevating the customer experience and pursuing ancillaryrevenue opportunities across the portfolio.
By entering a basic query into the chatbot (like a search for bookings, average daily rate, or revenuepipeline), anyone – from a marketing manager to operations manager – can instantly receive an answer in supported languages, removing the need for a manual search.
In the meantime, a dedicated eCommerce platform for hotels and resorts, LiBi, launched earlier this year. A recent Knight Frank report supports this idea, revealing that ancillaryrevenues have increased in 2022 with the contribution to total revenue rising by 1.5 percentage points.
Wyndham Hotels & Resorts ‘ board of directors, following a comprehensive review with its outside financial and legal advisors, has unanimously determined the unsolicited exchange offer from Choice Hotels International Inc. to acquire all outstanding shares of Wyndham is not in the best interests of Wyndham and its shareholders.
Wyndham Hotels & Resorts revealed results for the three months and year ended Dec. 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.
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