Remove Ancillary Revenue Remove Construction Remove Operations
article thumbnail

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.”

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Net cash provided by operating activities of $76 million and adjusted free cash flow of $102 million. and 8% internationally.

article thumbnail

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.

article thumbnail

Midyear Outlook: Despite challenging first half, experts highlight opportunities

Hotel Business

Operating costs are expected to rise further. Roughly two-thirds of the top 25 markets have realized YTD TRevPAR (total revenue per available room) increases in 2024. ” How operators see it The feelings about the first half of the year was similar on the operational side. “On the other hand, U.S.

article thumbnail

Hotel loyalty programs transform into sophisticated platforms

Hotelier Magazine

Now, hotel operators are constantly seeking innovative ways to enhance customer loyalty and set themselves apart in a crowded market. Our ability to leverage data and analytics to deliver innovative promotional constructs and greater personalization has resulted in strong results for our partners,” says Brown. “We

article thumbnail

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. Additionally, advanced revenue management systems enable dynamic pricing strategies, optimising revenue in real-time. Here are sustainable hotel practices that you can adopt at your property!