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.


Anirudh Ravichander Invests in Ironhill Through Albuquerque Records

Anirudh Ravichander Invests in Ironhill Through Albuquerque Records

By Manu Vardhan Kannan

Published on August 25, 2026

Globally recognised composer and cultural entrepreneur Anirudh Ravichander has invested in Ironhill through his venture Albuquerque Records, marking his second investment in the global hospitality and F&B sector after Loca Loka Tequila.

Ironhill, formed through the merger of Ironhill India and Ironhill US, announced that Anirudh has joined the company as an investor for an undisclosed amount. The investment comes as the hospitality group begins its international chapter, bringing together its growing presence in India with Ironhill US’s craft brewing legacy and hospitality heritage.

For Ironhill, the association adds another connection between hospitality, culture and lifestyle. Anirudh’s experience in building creative ventures across markets also supports the group’s aim to develop a hospitality brand that connects with international audiences while continuing to build on its established presence in India.

For Anirudh Ravichander, the decision to invest in Ironhill is closely linked to his existing association with Sree Harsha Vadlamudi and the team. The two are also co-founders of Loca Loka Tequila, giving Anirudh an opportunity to work closely with the team before joining Ironhill as an investor.

"This is not my first collaboration with Harsha Vadlamudi. We have worked closely together as co-founders of Loca Loka Tequila which gave me a front-row view of how he and his team have built brands with strategic clarity, operational rigour, and an uncompromising commitment to quality. When the opportunity to back Ironhill presented itself, the decision required little deliberation.

Ironhill has built something rare - a hospitality brand with real soul and genuine scale to match. Beyond the trust that I have in the founding team, what drew me to Ironhill was the experience that they have successfully created for patrons across each city. As Ironhill writes its global chapter, I'm not just backing a business. I am backing a philosophy that great experiences, like great music, need no translation." said, Anirudh Ravichander, Investor - Ironhill

For Sree Harsha Vadlamudi, Co-Founder & Board Director - Ironhill India, Anirudh’s investment is significant beyond the financial aspect, particularly as the group prepares for its international expansion.

"Anirudh and I have built something together with Loca Loka that has given me enormous respect for how he thinks about brands and what makes them travel across cultures. His decision to back Ironhill at this moment as we step onto the global stage, speaks to the confidence that people who truly understand brand-building have in what we are creating. We are proud and grateful to have an absolute rockstar like him invest in the venture." added Sree Harsha Vadlamudi, Co-Founder & Board Director - Ironhill India

The investment follows the recently announced formation of Ironhill as a single international platform through the merger of Ironhill India and Ironhill US. The combined group brings together Ironhill India’s growth capital, operational scale and consumer insight with Ironhill US’s craft brewing legacy and hospitality experience. Ironhill currently operates multiple venues across India and the United States, with further expansion into international markets planned through 2026 and 2027.


IHG Hotels & Resorts to Bring voco to Karjat With 200 Plus Rooms

IHG Hotels & Resorts to Bring voco to Karjat With 200 Plus Rooms

By Manu Vardhan Kannan

Published on August 25, 2026

IHG Hotels & Resorts is set to bring its premium voco brand to Karjat, Maharashtra, after signing a management agreement with Discover Resorts Neral Pvt. Ltd. The existing property will be converted into voco Karjat and is expected to join IHG’s portfolio by early 2028, adding more than 200 rooms to its presence in India.

Located in the foothills of the Sahyadri mountain range, Karjat is becoming a popular choice for weekend breaks and leisure travel. The destination is around 62 km from Mumbai and 102 km from Pune, giving it easy access to two of Maharashtra’s major urban centres. The location also has growing potential for destination weddings, social celebrations and MICE retreats. With demand increasing for premium getaways and experience-led travel, Karjat is emerging as an attractive market for branded hospitality.

voco is positioned around the idea of offering guests the comfort and standards of a global hotel brand while allowing each property to retain its own personality. The brand gives owners flexibility to create an individual hotel experience, supported by IHG’s global distribution network, loyalty platform and commercial expertise.

Once converted, voco Karjat will feature more than 200 rooms along with three dining options. These will include a 200-seat all-day dining restaurant, a 50-seat pool bar and a 150-seat rooftop offering. The property will also include a fitness centre and spa, parking facilities, pet-friendly amenities, a kids’ zone and salon. The facilities are planned to cater to leisure travellers, families, groups and MICE guests.

Commenting on the signing, Sudeep Jain, Managing Director, South West Asia, IHG Hotels & Resorts, said: “Karjat is emerging as an exciting leisure market in Maharashtra, with its proximity to Mumbai and Pune creating a strong opportunity to serve the growing demand for weekend travel, weddings, celebrations and MICE. At IHG, our approach is to bring the right brands to the right markets, while working closely with owners to build new hotels or unlock the potential of existing assets and create compelling propositions for guests. voco is well suited to a destination like Karjat, where travelers are looking for a premium experience that feels distinctive, relaxed and connected to the character of the place. We are pleased to partner with Discover Resorts Neral Pvt. Ltd. on this conversion and look forward to bringing voco’s distinctive hospitality to Karjat.”

Naqisa Chaudhary, CEO, Discover Resorts Neral Pvt. Ltd., added: “Karjat has strong potential as a premium leisure and events destination, and we see an opportunity to build on the existing property and create a differentiated hospitality experience. Our partnership with IHG and the introduction of voco will combine the character of the property with the strength of a globally recognized brand, creating a compelling proposition for travellers, weddings and MICE.”

The Karjat signing is part of IHG’s wider strategy to grow its premium portfolio through both new-build projects and conversions. The approach allows the company to bring its brands into high-potential markets while giving owners access to IHG’s commercial expertise, distribution network, enterprise platform and loyalty ecosystem.

voco has also seen strong global growth through its conversion-friendly model, reaching 100 open hotels worldwide within seven years of its launch.

In India, IHG currently operates 53 open hotels across seven brands, including Six Senses, InterContinental Hotels and Resorts, Vignette Collection, Crowne Plaza, voco Hotels, Holiday Inn Resort and Holiday Inn Express. The company also has a pipeline of 110 hotels expected to open in India over the next 3-5 years.


Wyndham to Bring Vienna House to India with First Hotel in Vrindavan

Wyndham to Bring Vienna House to India with First Hotel in Vrindavan

By Manu Vardhan Kannan

Published on August 24, 2026

Wyndham Hotels & Resorts is set to bring its European lifestyle brand Vienna House to India with the signing of Vienna House Easy Vrindavan, the brand's first property in the country.

The 100-key hotel is expected to open in 2029 and will be developed by entrepreneur Sachin Kumar, owner and operator of Kumar Beverages Industries, in partnership with Nardev Chaudhary.

The signing comes as Indian travellers increasingly look for hotel stays that offer more than just accommodation, with greater interest in experiences, local culture and the character of a destination. While European destinations such as Switzerland, Italy and France accounted for more than 52 percent of Indian outbound travel demand to Europe last year, spiritual destinations such as Vrindavan have also seen visitor numbers reach the tens of millions. Vienna House Easy Vrindavan will bring together the brand's European-inspired design and hospitality with the traditions and character of the destination.

Commenting on the launch, Rahool Macarius, Market Managing Director, Eurasia, Wyndham Hotels & Resorts, said, "Indian travellers are increasingly choosing hotels for how they make them feel, not simply where they allow them to stay. Across Europe, Vienna House has built its reputation on creating welcoming, design-led experiences that feel connected to the communities around them. As destinations such as Vrindavan attract a broader mix of travellers seeking culture, spirituality and discovery, we see a clear opportunity to introduce a brand that combines international hospitality standards with a genuine sense of place. Together with Mr. Sachin Kumar and Mr. Nardev Chaudhary, we are excited to bring that experience to India for the first time,"

Part of the wider Vienna House brand family, Vienna House Easy offers a relaxed lifestyle experience that combines European-inspired design with the culture and identity of each destination.

The upcoming four-star, 100-key lifestyle hotel is planned to feature an all-day dining restaurant, rooftop infinity pool and poolside terrace, banquet space and a curated vegetarian dining offering inspired by local traditions.

The property will also benefit from its location near some of Vrindavan's well-known landmarks, including Banke Bihari Temple, Prem Mandir and ISKCON Vrindavan. It will also offer access from Mathura Junction, Agra and Delhi.

Speaking about the project, Sachin Kumar, Partner, Vienna House Easy Vrindavan, said, "Vrindavan is undergoing a remarkable transformation, attracting not only pilgrims but also families and travellers seeking richer cultural experiences. Together with Wyndham, we are creating a hotel that brings the warmth, character and design ethos of Vienna House Easy to India while remaining rooted in the traditions and identity of Vrindavan. We believe guests will value a hospitality experience that combines international quality, thoughtful design and an authentic connection to destination,”

The signing adds to Wyndham's plans to introduce globally recognised brands that match the changing preferences of Indian travellers. With its global presence, distribution network and Wyndham Rewards membership base of more than 126 million enrolled members worldwide, Vienna House Easy is positioned for further growth in India through partnerships with hotel owners. With the first Vienna House Easy property in India planned for Vrindavan, Wyndham is bringing a European-inspired lifestyle brand to a destination known for its strong spiritual and cultural appeal.

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