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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. Awarded 180 development contracts globally, including 96 contracts in the U.S., which represented an increase of 33% year-over-year. Development pipeline grew 1% sequentially and 7% year-over-year to a record 245,000 rooms. Key highlights include: 5% growth in the U.S.

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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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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. It’s a societal shift with profound implications on hotel and multifamily development.

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Hotel loyalty programs transform into sophisticated platforms

Hotelier Magazine

“Loyalty programs need to respond to this growing desire among consumers for a more personalized experience or risk becoming irrelevant,” says Danielle Brown, Chief Marketing Officer at Montreal-based Plusgrade, a provider of ancillary revenue solutions for the global travel industry.

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Midyear Outlook: Despite challenging first half, experts highlight opportunities

Hotel Business

“Our focus on profit per reservation is higher than it has ever been, distribution channel management is critical, as well as bundling to drive ancillary revenues and pricing for perceived value to the guest versus a solely demand-based pricing model,” he added. “On the other hand, U.S.

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Hospitality Horizons 2024: Navigating the Top Trends

eZee Absolute

Hotels are increasingly switching to eco-friendly materials and practices in construction, room amenities, and daily operations. The approach of dynamic pricing ensures that pricing aligns with market dynamics, maximising revenue potential. Here are sustainable hotel practices that you can adopt at your property!