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Wyndham reports strong Q4 and ’22 results

Hotel Business

Development pipeline grew 12% year-over-year, including 170 new construction projects added for the company’s ECHO Suites Extended Stay by Wyndham brand since launch in March. The increases compared to both 2021 and 2019 were driven primarily by stronger pricing power. RevPAR grew 12%. and 9% internationally.

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Wyndham grows global RevPAR by 12% in Q1

Hotel Business

Awarded 35 new-construction projects for ECHO Suites Extended Stay by Wyndham, bringing the total number to 205 since launch in March 2022. Adjusted EBITDA was $147 million compared to $159 million in first-quarter 2022, which included a $15 million contribution from the company’s select-service management business and owned hotels.

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Wyndham reports 7% global RevPAR growth in Q2

Hotel Business

Awarded 60 new construction projects for ECHO Suites Extended Stay by Wyndham in July, including its first hotels in Canada, bringing the total number of contracts to 265. The international RevPAR growth was driven equally by stronger pricing power and higher occupancy levels. .” Highlights include: System-wide rooms grew 4% YOY.

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The Ultimate Guide to Restaurant Costs

7 Shifts

Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. Construction and renovation costs differ by location and contractor. Build relationships with multiple suppliers to find the best market price for ingredients.

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Virtual Acceleration, Raising the Bar and Insult Monitor

Modern Restaurant Management

US Foods will finance the acquisition primarily with $700 million in fully committed financing from Citigroup and Bank of America and will fund the balance of the purchase price through its existing liquidity resources. Toast Flex adjusts in three ways and is constructed to withstand the rigors of the restaurant industry.