Wyndham Hotels & Resorts Posts Strong Q3, Raises Full-Year EPS Outlook

Wyndham Hotels & Resorts Posts Strong Q3, Raises Full-Year EPS Outlook

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.

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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.


Courtyard by Marriott Opens First Hotel in Ghaziabad, Strengthening Delhi NCR Presence

Courtyard by Marriott Opens First Hotel in Ghaziabad, Strengthening Delhi NCR Presence

By Hariharan U

Published on August 18, 2026

Courtyard by Marriott has opened its first hotel in Ghaziabad, marking the brand's debut in the city and expanding Marriott International's presence across the Delhi NCR region.

Located in Rajnagar Extension, one of Ghaziabad's growing commercial and residential corridors, Courtyard by Marriott Ghaziabad brings the brand's focus on comfort, functionality and flexible spaces to the destination. The property is designed to cater to business travellers, families, wedding groups and leisure guests.

The hotel features 106 contemporary rooms and suites, equipped with modern amenities, plush bedding, ergonomic workspaces and high-speed connectivity. Flexible layouts are designed to support both productivity and relaxation, allowing guests to adapt their rooms to different stages of their stay.

Connectivity is a key advantage of the property. The hotel provides access to Delhi, Noida, Greater Noida and Meerut through major expressways, national highways and the Delhi–Meerut Rapid Rail Transit System. It is approximately one hour from Indira Gandhi International Airport, around 15 minutes from Anand Vihar Bus Terminal and 20 minutes from Ghaziabad Railway Station.

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The hotel also offers convenient access to corporate offices, industrial hubs, educational institutions and healthcare facilities across Ghaziabad, along with attractions including Akshardham Temple and India Expo Mart and shopping destinations across East Delhi and Noida.

Dining

Courtyard by Marriott Ghaziabad features two dining venues designed for different occasions.

L3 Kitchen, the all-day dining restaurant, offers global favourites, wholesome dishes and regional Indian cuisine in a contemporary setting.

The Yard & Brew lobby lounge and bar provides handcrafted beverages and globally inspired small plates, creating a relaxed setting for informal meetings, after-work gatherings and evening conversations.

Wellness and Recreation

Guests can access a range of wellness facilities, including an outdoor swimming pool with Jacuzzi, fully equipped fitness centre and spa. The facilities are designed to provide opportunities for relaxation and recovery for both business and leisure travellers.

Meetings, Weddings and Events

The hotel offers more than 8,000 sq. ft. of indoor event space, including the 5,100 sq. ft. Grand Ballroom. Supported by audiovisual technology and dedicated event planning services, the venues are designed for corporate conferences, meetings, weddings and social celebrations.

Commenting on the opening, Kiran Andicot, Senior Vice President, South Asia, Marriott International, said Ghaziabad's growing role as a commercial and residential destination presents an opportunity for Courtyard by Marriott to expand its offering across the region and provide travellers with additional accommodation choices in Delhi NCR.

Praveen Sharma, Hotel Manager, Courtyard by Marriott Ghaziabad, said the property has been designed around the changing needs of modern travellers, whether they are visiting for business, family occasions or leisure. He added that the hotel aims to become a gathering place for travellers and the local community.

Courtyard by Marriott Ghaziabad participates in Marriott Bonvoy, enabling members to earn and redeem points during stays at the property and across Marriott International's participating portfolio.


Sterling Holiday Resorts Launches Sterling Quinta Jim Corbett, Expanding Wildlife Portfolio

Sterling Holiday Resorts Launches Sterling Quinta Jim Corbett, Expanding Wildlife Portfolio

By Hariharan U

Published on August 18, 2026

Sterling Holiday Resorts has strengthened its presence in India's wildlife hospitality segment with the launch of Sterling Quinta Jim Corbett, its second resort in the Corbett landscape and 11th property in Uttarakhand.

Located in the Bail Parao–Kaladhungi belt of Ramnagar, the new resort expands Sterling's curated wildlife portfolio to 13 resorts with more than 480 rooms and suites, reinforcing the company's strategy of building destination clusters across India's leading nature and wildlife destinations.

The launch comes as wildlife tourism increasingly evolves beyond conventional safari-led holidays, with travellers seeking immersive experiences, longer stays and deeper connections with nature and local communities. Sterling's growing portfolio across India's forests and wildlife regions reflects this shift towards experience-led travel.

Sterling Quinta Jim Corbett offers access to the wider Corbett landscape while providing a quieter alternative to some of the destination's busier tourism zones. The property complements Sterling's existing Corbett presence and gives travellers additional opportunities to explore different areas of the region.

The resort features 46 rooms across five categories, including accommodation options with private sit-outs, balconies and exclusive plunge pools. Facilities include a swimming pool, spa and Nectar, the property's all-day dining restaurant.

Designed for families, couples, celebration-led travellers and corporate groups, the resort also expands Sterling's leisure and events offering. A 2,800 sq. ft. banquet hall and two landscaped lawns provide spaces for destination weddings, social celebrations, corporate offsites and incentive programmes.

Beyond the resort, guests can explore the Corbett region through safaris across forest zones including Phato and Sitabani, along with birdwatching trails and plantation walks. Local attractions such as Chhoi Village, Shri Hanuman Dham, the Jim Corbett Museum and Corbett Falls further broaden the destination experience.

Sterling's wider wildlife portfolio now spans diverse ecosystems and destinations including Corbett, Gir, Kanha, Pench, Ranthambore, Sariska, Thekkady, Wayanad, Anaikatti and Tipeshwar, covering tiger reserves, lion habitats, rainforests and Himalayan forests.

Commenting on the launch, Vikram Lalvani, Managing Director & CEO, Sterling Holiday Resorts Ltd, said wildlife tourism in India is undergoing a transformation as travellers increasingly seek experiences extending beyond the safari. He added that Sterling's destination-cluster strategy aims to provide guests with richer ways to experience iconic wildlife regions while maintaining consistency in hospitality.

Shailendra Goswami and Amit Aggarwal, Partners at Shreena Hospitalities Pvt Limited, said Sterling Quinta Jim Corbett was envisioned as a peaceful, nature-connected retreat complementing the wider Corbett experience. They added that the partnership combines the resort's location and design with Sterling's hospitality expertise and scale.

With the addition of Sterling Quinta Jim Corbett, Sterling Holiday Resorts continues to strengthen its presence in Uttarakhand while expanding its focus on experiential travel segments including wildlife, mountains, wellness, pilgrimage and heritage


Lemon Tree Hotels Signs 110-Key Lemon Tree Premier in Visakhapatnam

Lemon Tree Hotels Signs 110-Key Lemon Tree Premier in Visakhapatnam

By Hariharan U

Published on August 16, 2026

Lemon Tree Hotels has announced the signing of Lemon Tree Premier, Visakhapatnam, a new 110-key upscale hotel that will expand the group's presence in Andhra Pradesh.

The property will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited. The signing takes the group's Andhra Pradesh portfolio to six operational hotels and seven upcoming properties.

The new hotel will complement Lemon Tree Hotels' existing presence in Visakhapatnam, which currently includes Keys Select by Lemon Tree Hotels in Daba Gardens and Keys Lite by Lemon Tree Hotels in Gajuwaka.

Located in Visakhapatnam, a major commercial, industrial and leisure destination in Andhra Pradesh, Lemon Tree Premier will feature 110 well-appointed rooms along with a restaurant, banquet hall and meeting/conference room.

The property will also offer a fitness centre, swimming pool and spa, positioning it to cater to both business and leisure travellers as well as meetings, events and MICE demand.

Commenting on the signing, Vishvapreet Singh Cheema, President, Lemon Tree Hotels Ltd., said that Visakhapatnam is an important economic and tourism centre, generating demand across corporate, leisure and MICE segments.

He added that the group's existing hotels in the city operate in the midscale and economy segments under the KEYS portfolio, while the new Lemon Tree Premier will allow the company to address a broader range of demand and strengthen its presence in the market.

The hotel is expected to benefit from connectivity to key transportation infrastructure. Visakhapatnam International Airport is approximately 39 km from the property, with the journey taking around one hour and 25 minutes. The destination is also connected by road with major cities across India through public and private transportation.

The signing forms part of Lemon Tree Hotels' continued expansion across emerging Indian markets, with the company strengthening its portfolio across different hospitality segments.

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