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Dive Brief:
Wyndham Hotels & Resorts posted a strong year for development, opening a record 68,700 rooms globally and 28,000 in the U.S., or 4% year-over-year rooms growth, in 2024, the company announced in an earnings report Wednesday.
U.S. RevPAR, meanwhile, was flat in 2024 compared to the prior year, though the fourth quarter brought 5% growth compared to the prior year quarter, due in part to “favorable” impacts from hurricane season, according to Wyndham.
Despite a “soft RevPAR environment” in 2024, Wyndham expects its openings to fuel further RevPAR growth in the U.S., particularly as properties open near infrastructure projects and data centers, CFO Michele Allen said on a Thursday earnings call.