Wyndham Hotel Group has announced that its revenues for Q2 2012 were up 23% from the same period in 2011, to US $233 million.
Adjusted EBITDA for the group was US $74 million, constituting a 12% increase from last year, while RevPAR across the markets was up 5%, including an increase of 8% in its domestic US territory.
Currently, the company’s hotel portfolio consists of more than 7,170 properties, with a total of around 608,300 rooms, including 30 properties in the Middle East, mainly under its Ramada brand.
Its pipeline includes around 900 hotels, of which 53% are in international markets, including 20 budget Super 8 hotels in Saudi Arabia.
Wyndham Worldwide chairman and CEO Stephen P. Holmes said: "In the first half of 2012 we achieved back-to-back 36% increases in quarterly adjusted EPS growth in an economic environment that remains uncertain.
"Underlying this growth is strong execution from each of our businesses and diversified product offerings well positioned to capitalize on consumers' desire to travel. In addition, we benefited from capital allocation that included the return of capital to shareholders."
Wyndham Worldwide Corp., which also includes a vacations ownership and rental groups, also reported that its net income for Q2 2012 increased to US $128 million, up from US $114 in the same quarter of 2011.
The New Jersey-based group's total revenue was up 4% though the same comparison, to US $1.1 billion.
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