Wyndham reports strong second quarter results
U.S. RevPAR grew 2%, system size 4%, and net income rose 17%, with full-year outlook raised.
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Global hotel franchising and management company
wyndhamhotels.comLast updated
In short: Wyndham reported strong second-quarter results, raised its full-year outlook, and expanded its AI capabilities with a new ChatGPT app.
U.S. RevPAR grew 2%, system size 4%, and net income rose 17%, with full-year outlook raised.
The suite includes a new Premier Card with complimentary Insider membership and no points expiration, plus expanded earning up to 8X points on stays.
The app allows travelers to explore hotels via conversational AI and intuitive map-based navigation, driving bookings and owner ROI.
System-wide rooms grew 4% and development pipeline reached over 2,200 hotels. Adjusted EBITDA rose 8% and net income remained $61 million, diluted EPS was $0.80.
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