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Wyndham reports 5% increase in pipeline in Q2

Hotel Business

Ancillary revenues increased 19% compared to second quarter 2024 and 13% on a year-to date basis. With consistent development, royalty rate and ancillary fee growth, we remain very confident in our ability to create long-term value for our shareholders, franchisees, and team members through the enduring appeal of our iconic brands.”

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Hotel costs: How to reduce expenses and boost revenue

SiteMinder

For hoteliers, hotel costs encompass everything from the cost of construction, to the cost of insurance, to the everyday operational costs of establishing, running and ultimately growing a hotel business.  The three main types are construction costs, insurance costs, and operating costs.  What are hotel costs?

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Wellness Residential growth lessons for hotels from THE WELL Founders

eHotelier

Whether in the guestroom, residence, spa, fitness center, restaurant, pool or on demand, adding wellness features can augment nightly rates or ancillary revenues for hotels as well as unit price per square foot for apartments or houses. Have you thought about collaborating with any luxury or longevity-oriented hotel brands?

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Wyndham reaches pipeline room record in Q1

Hotel Business

Wyndham Hotels & Resorts , for the first quarter ended March 31, reported that global RevPAR grew 1% in constant currency and ancillary revenues 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.

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Wyndham grows development pipeline by 7% in Q2

Hotel Business

Ancillary revenues increased 6% compared to second quarter 2023. economy brands. Compared to 2019, which neutralizes the impact of COVID recovery timing, the company grew RevPAR for its economy and midscale brands by 9% and 8%, respectively, while RevPAR for its upscale and above brands continued to lag 2019 by 2%.

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International gains spark Wyndham’s Q3 RevPAR growth

Hotel Business

“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 ancillary revenues,” said Geoff Ballotti, president/CEO. “We which increased 10% YOY.

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Hotel loyalty programs transform into sophisticated platforms

Hotelier Magazine

This versatility enhances the perceived value of the loyalty program and encourages members to engage with a brand across various touchpoints. Consumers’ attitudes towards brands have changed, and they expect the companies they transact with to take the time to understand their needs.