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By Nithyakala Neelakandan
Published on October 28, 2024
Wyndham Hotels & Resorts, a global leader in hospitality, reported a strong performance for the third quarter of 2024, highlighting significant growth in its development pipeline and system-wide room expansion. The company’s results underscored its strategy to expand the brand's footprint and enhance shareholder value, even amidst a complex economic environment.
System-wide rooms increased by 4% from the previous year, with more than 17,000 rooms opened globally, including a 15% year-over-year increase in the U.S. The company awarded 197 development contracts this quarter, bringing its pipeline to a record 248,000 rooms across 2,100 hotels—a 5% year-over-year growth. CEO Geoff Ballotti emphasized, "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.”
Wyndham’s ECHO Suites Extended Stay brand contributed significantly to growth, now representing 14% of the development pipeline. This brand has achieved strong market reception since its 2022 launch, with over 280 contracts awarded to date. The extended-stay segment maintained a robust 63% occupancy rate and average guest stays of 55 nights, signaling sustained demand.
Internationally, Wyndham saw a 7% increase in RevPAR driven by pricing power and increased occupancy. The EMEA, Latin America, and Canada regions together posted a 13% RevPAR growth, while the U.S. market maintained consistent occupancy, reflecting resilient demand in the select-service sector. However, Asia-Pacific (APAC) RevPAR dropped by 7%, though it showed sequential improvement.
Financially, Wyndham posted a net income of $102 million for Q3, with adjusted EBITDA up by 4% to $208 million. Diluted earnings per share rose to $1.29, up 7% from last year, supported by the company’s share buyback efforts. Wyndham returned $126 million to shareholders through share repurchases and quarterly dividends of $0.38 per share.
With a healthy balance sheet, Wyndham ended Q3 with $72 million in cash and $750 million in total liquidity. The company strategically expanded its share repurchase program, buying back 1.3 million shares this quarter. Ballotti concluded, “Stabilizing RevPAR trends and improving comparisons, coupled with increased infrastructure demand, are expected to pave the way for improved results in the coming quarters. We remain steadfast in our long-term strategy, aimed at delivering outstanding value to our guests, franchisees, and shareholders.”
Key Metrics and Outlook:
System-wide room growth: 4% year-over-year
Development pipeline: 5% increase, totaling 248,000 rooms
Q3 diluted EPS: Increased by 7% to $1.29
RevPAR: Up 1% globally, with 7% international growth
Total liquidity: $750 million, with a net debt leverage ratio of 3.5x
Wyndham’s forward momentum, marked by continued brand expansion, international growth, and focus on shareholder returns, places the company on a steady path toward achieving its full-year 2024 outlook.
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By Manu Vardhan Kannan
Published on November 11, 2026
Accor has announced the signing of Novotel Jim Corbett Chhoi, marking the hospitality group's entry into Uttarakhand. Scheduled to open in 2029, the 150-key hotel will bring the Novotel brand to the Kumaon region, adding to Accor's presence across India's leisure destinations.
Located at the foothills of the Himalayas, the property will introduce Novotel's Longevity Everyday philosophy, which encourages guests to make small, positive choices that support longer, fuller and happier lives. Designed for families and business travellers, the hotel aims to combine wellbeing, meaningful connections and contemporary hospitality in the natural surroundings of Jim Corbett.
The hotel will feature elegantly appointed rooms and suites, each with a balcony overlooking the surrounding landscapes. Its facilities will include an all-day dining restaurant, a specialty restaurant and a bar. The property will also offer 600 square metres of banquet and meeting space for social occasions and corporate gatherings.
Additional facilities will include a spa, fitness centre and swimming pool, along with versatile spaces for family holidays, leisure getaways and group gatherings.
Jim Corbett is known for its rich biodiversity and outdoor activities, including jeep safaris, bird watching, nature trails, river rafting and forest camping. Nearby attractions include the Kosi River, Corbett Falls and Garjiya Devi Temple, along with wildlife zones such as Bijrani, Jhirna and Dhela. The destination's mix of nature, adventure and relaxation makes it a popular setting for leisure travel.
Ranju Alex, CEO, India & South Asia, Accor, said, “We are pleased to bring Accor to Jim Corbett, home to India’s iconic national park. Novotel is a natural fit for this destination, particularly for families and travellers looking to reconnect in nature and spend quality time together. Through its Longevity Everyday philosophy, the brand encourages small, meaningful choices that support long-term wellbeing, from eating well and staying active to enjoying restorative sleep and meaningful connections. We look forward to bringing this philosophy to life in a setting that naturally lends itself to relaxation, discovery and shared experiences.”
Alok Goel, Founder & Promoter, Shri Sankatamochanaya Hospitality Pvt. Ltd., said, “We are delighted to partner with Accor to bring Novotel Jim Corbett Chhoi to life. Our vision is to create a leading hospitality destination in the region, offering guests distinctive experiences that complement the natural appeal of Jim Corbett. With Novotel’s established brand strength and focus on family-friendly hospitality and well-being, we look forward to welcoming leisure travellers and hosting memorable gatherings.”
The signing marks another step in Accor's expansion across India's leisure markets. With its planned opening in 2029, Novotel Jim Corbett Chhoi will add a new hospitality destination to Uttarakhand's Kumaon region, bringing together accommodation, wellness, dining and event facilities.
Published on November 10, 2026
Tivoli Hospitality Group is set to expand its presence in Chhatarpur, South Delhi, with the launch of Midori by Tivoli on November 13, 2026. Located in the same vicinity as its existing property, The Tivoli Hotel, the new luxury destination will feature premium accommodation, large banquet venues, landscaped outdoor spaces and leisure facilities.
Spread across approximately three acres, Midori has been designed to cater to the growing demand for destination-style weddings, social celebrations, MICE, corporate events and leisure stays across Delhi-NCR. The property will bring together event spaces, luxury rooms and personalised hospitality services, with a focus on offering a hotel-led approach to celebrations.
The launch is part of Tivoli's strategy to strengthen its position in the luxury leisure, accommodation and events segment. Chhatarpur offers a strategic location for this expansion, supported by its established wedding market, premium catchment across South Delhi, Gurugram and Noida, and connectivity through MG Road and the airport.
Commenting on the launch, Akshay Gupta, Executive Director, Tivoli Hospitality Group, said, "Chhatarpur has emerged as one of Delhi-NCR's prominent luxury wedding and hospitality destinations. Our successful presence through The Tivoli Hotel has given us a strong understanding of the market's potential. With Midori, we are taking our presence forward through a distinctly different proposition.
It is also the vision of my father, Rohit Gupta, Chairman of Tivoli Hospitality Group, to continually build differentiated hospitality destinations that evolve with changing consumer expectations. Midori reflects that vision by bringing together luxury accommodation, expansive celebration spaces, leisure experiences and hotel-led services. Our aim is to create a destination that caters to the growing appetite for larger, more elaborate celebrations while offering guests a premium hospitality experience."
The property features two main event venues designed for celebrations of different scales. Avalon, spread across 15,000 sq. ft., is an indoor venue suited to weddings, receptions, social functions and corporate gatherings. The Glass House, spanning 27,000 sq. ft., includes a 19,000 sq. ft. landscaped lawn, bringing together indoor and outdoor spaces for large-scale celebrations.
Both venues feature triple-height ceilings, allowing space for elaborate décor, lighting concepts and event installations. The Glass House also offers climate-controlled interiors, enhanced acoustics, natural light and all-season functionality, making it suitable for different event formats.
Speaking about the property's design and event infrastructure, Mr Ishan Gupta, Director, Tivoli Hospitality Group, said, "We wanted Midori to offer more than conventional banquet infrastructure. Avalon and the Glass House have been designed with distinct architectural identities and celebration experiences. Avalon offers the grandeur of a premium indoor event space, while the Glass House brings together expansive indoor and outdoor settings. The triple-height ceilings and flexible layouts allow event planners to explore elaborate décor concepts, bespoke installations and large-format celebrations. We have also reimagined the glass-house format with climate-controlled interiors and all-season functionality, ensuring that aesthetics and practicality go hand in hand."
Midori will also feature premium rooms and bridal suites for wedding parties and leisure guests. While the property has been developed with a strong focus on celebrations, it will also cater to travellers looking for an upscale stay. Although located close to The Tivoli Hotel, Midori will operate as a distinct property with its own accommodation and event facilities.
Its architectural and interior design will follow a contemporary luxury approach, with clean lines, natural light, greenery, warm neutral tones and timeless detailing. The design aims to balance aesthetics and functionality while offering a comfortable setting for different occasions.
Food and beverage services will be an important part of the property's event offerings. Midori will provide dedicated catering arrangements, customised menus and curated culinary experiences for weddings, social celebrations and corporate gatherings. Rather than operating as a standalone restaurant destination, its food and beverage services will be integrated into the overall event experience.
Aryaman Gupta, Director, Tivoli Hospitality Group, added, "Today's wedding and events market is increasingly looking for destinations that deliver an integrated experience, from accommodation and food to event design and hospitality. Midori has been developed keeping these evolving expectations in mind. Our focus is on customised culinary experiences, flexible event formats and personalised services that can cater to everything from intimate social functions to elaborate weddings and corporate gatherings. We want to offer event organisers and guests the flexibility to create celebrations that reflect their individual preferences, supported by well-designed spaces and professional hospitality."
The launch of Midori by Tivoli marks another step in Tivoli Hospitality Group's expansion across North India. With 15 operational projects and another 10 in its development pipeline, the group continues to strengthen its presence in luxury hospitality, weddings, MICE and large-format celebrations. Scheduled to open on November 13, 2026, Midori by Tivoli will add another luxury hospitality destination to Chhatarpur's growing wedding and events market.
Express Inn Hotels & Resorts has launched Express Inn Heritage, a five-star hotel in Chhatrapati Sambhajinagar, Maharashtra. Designed to offer comfort, elegance and modern facilities, the property brings together accommodation, dining, celebrations and business event spaces under one roof.
The hotel features 155 spacious rooms, including a Presidential Suite and exclusive Enclave Suites. The accommodation options are designed to offer guests a comfortable stay with modern facilities. Dining experiences at the property include Aster, the all-day dining restaurant, LBS, the Lounge Bar, and Boulangerie, a café. These outlets offer guests different settings to enjoy meals, drinks and relaxed moments during their stay.
For weddings, receptions and corporate gatherings, Express Inn Heritage offers six banquet and conference halls. The hotel's event spaces are designed to cater to different celebration and business requirements, including grand weddings and other social functions. The property also features a range of lifestyle and recreational facilities, including a spa, salon, gymnasium, game zone and swimming pool. These amenities add to the overall guest experience, offering options for relaxation, fitness and recreation.
With its accommodation, multiple dining outlets, banquet facilities and lifestyle amenities, Express Inn Heritage adds a new hospitality offering to Chhatrapati Sambhajinagar, catering to leisure travellers, business guests and those planning weddings and events.
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