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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. Awarded 229 development contracts globally, an increase of 40% year-over-year. Development pipeline grew 1% sequentially and 5% year-over-year to a record 255,000 rooms. per share. “We 6% pipeline growth in the U.S.

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

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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 continues to expect marketing fund revenues to equal expenses during full-year 2024. and growth of 14% internationally.

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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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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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Hospitality Horizons 2024: Navigating the Top Trends

eZee Absolute

Table of Content Sustainable Practices Technology Integration Health and Safety Food and Beverage Trends Wellness and Well-being Marketing and Branding Revenue Strategies Sustainable Practices According to a survey conducted by Trip.com, 69% of travellers actively seek out sustainable travel options. Let’s take a look at it one by one.