Wyndham sets record with 68,700 room openings in 2024
U.S. RevPAR rose 5 percent in Q4 but stayed flat for the year
Wyndham Hotels & Resorts opened a record 68,700 rooms in 2024, including 28,000 in the U.S., achieving 4 percent year-over-year growth, while its global pipeline grew 5 percent to 2,100 hotels and 252,000 rooms. Pictured is the Wyndham hotel in Las Vegas.
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By Vishnu Rageev RFeb 15, 2025
Wyndham Hotels Sets Record Growth in 2024 with 68,700 New Rooms Worldwide
WYNDHAM HOTELS & RESORTS reported strong development growth in 2024, opening a record 68,700 rooms globally, including 28,000 in the U.S., achieving 4 percent year-over-year growth. The company’s global development pipeline reached approximately 2,100 hotels and 252,000 rooms at year-end, a record high and a 5 percent year-over-year increase.
Wyndham’s global RevPAR grew 5 percent in the fourth quarter and 2 percent year-over-year, while U.S. RevPAR increased 5 percent in the fourth quarter and remained flat for the full year, the company said in a statement.
“We’re proud to report a very strong finish to 2024 with net rooms growth of 4 percent and comparable adjusted EBITDA growth of 7 percent,” said Geoff Ballotti, Wyndham’s president and CEO. “Our team’s focus on expanding into higher FeePAR markets, growing our extended-stay footprint and unlocking new ancillary revenue streams underscores the diverse growth opportunities inherent in our asset-light, resilient business model.”
The company’s net income rose 70 percent to $85 million in the fourth quarter, while full-year 2024 net income reached $289 million.
Key highlights
Global RevPAR grew 5 percent in the fourth quarter compared to 2023 in constant currency, a 400-basis-point sequential improvement. Full-year global RevPAR rose 2 percent year-over-year in constant currency.
S. RevPAR increased 5 percent in the fourth quarter, a 600-basis-point sequential improvement, while full-year U.S. RevPAR remained flat.
Systemwide rooms grew 4 percent year-over-year, including 4 percent growth in the U.S. midscale and above segments and a combined 7 percent increase in EMEA and Latin America.
Opened a record 68,700 rooms globally, a 4 percent year-over-year increase, including nearly 28,000 in the U.S.
Global retention rate reached a record 95.7 percent, rising 10 basis points year-over-year.
Development pipeline grew 2 percent sequentially and 5 percent year-over-year to a record 252,000 rooms.
Fourth-quarter net income rose 70 percent to $85 million, while adjusted net income grew 9 percent to $82 million, or approximately 13 percent on a comparable basis. Full-year 2024 net income was $289 million, flat year-over-year, while adjusted net income increased 2 percent to $347 million, or approximately 4 percent on a comparable basis.
Fourth-quarter adjusted EBITDA rose 9 percent to $168 million, or approximately 12 percent on a comparable basis. Full-year 2024 adjusted EBITDA increased 5 percent to $694 million, or approximately 7 percent on a comparable basis.
Development trends
U.S. pipeline grew 7 percent, while the international pipeline increased 4 percent.
Eighteenth consecutive quarter of sequential pipeline growth.
About 70 percent of the pipeline is in midscale and above segments, which grew 5 percent year-over-year.
Extended-stay segment accounts for approximately 17 percent of the pipeline.
About 58 percent of the pipeline is international.
Nearly 78 percent of the pipeline is new construction, with approximately 35 percent of these projects underway.
RevPAR analysis
Fourth-quarter global RevPAR rose 5 percent in constant currency from 2023, with 5 percent growth in the U.S., which strengthened throughout the quarter, and 6 percent growth internationally, the statement said. Full-year global RevPAR was flat on a reported basis, aligning with the company’s outlook, but grew 2 percent in constant currency, reflecting flat U.S. growth and 8 percent international growth.
In the U.S., fourth-quarter results included a 140-basis-point boost from hurricanes; excluding this, RevPAR grew 4 percent year-over-year, driven by strong weekday business bookings and weekend leisure demand. U.S. RevPAR improved 620 basis points sequentially from the third quarter, or 480 basis points excluding hurricane impacts.
International RevPAR growth was driven by a 6 percent ADR increase in constant currency, while occupancy remained flat. EMEA and Latin America saw the strongest gains, rising 15 percent collectively in the fourth quarter. In contrast, China’s RevPAR fell 11 percent, driven by a 10 percent ADR decline.
2025 outlook
Wyndham targets 2025 room growth of 3.6 to 4.6 percent and expects global RevPAR to rise 2 to 3 percent, driven by leisure demand and infrastructure-related bookings. The company projects adjusted EBITDA of $745 million to $755 million and adjusted net income of $369 million to $379 million.
“What excites us most about our future is the developer interest in and demand for our brands both here and overseas, reflected in a pipeline that grew another 5 percent to a record quarter of a million rooms that will open in the coming years with significant FeePAR premiums compared to our existing system,” Ballotti said. “This, when coupled with improving customer demand we’re seeing across both our leisure and infrastructure segments, lays a solid foundation for sustained momentum and meaningful value creation for our shareholders, guests, franchisees and team members for many years to come.”
Wyndham plans to expand its economy and midscale brands while adding upscale and lifestyle offerings in 2025, alongside enhancing technology and digital capabilities to improve owner and guest experiences.
Peachtree recognized by Inc. and the Atlanta Business Chronicle.
Named to the 2025 Inc. 5000 list for the third year.
Chronicle’s Pacesetter Awards recognize metro Atlanta’s fastest-growing companies.
PEACHTREE GROUP ENTERED the 2025 Inc. 5000 list for the third consecutive year. The company also won the Atlanta Business Chronicle Pacesetter Awards as one of the city’s fastest-growing private companies.
The Inc. 5000 list provides a data-driven look at independent businesses with sustained success nationwide, while the Business Chronicle’s Pacesetter Awards recognize metro Atlanta’s fastest-growing privately held companies, Peachtree said in a statement.
“We are in the business of identifying and capitalizing on mispriced risk, and in today’s environment of disruption and dislocation, that has created strong tailwinds for our growth,” said Greg Friedman, managing principal and CEO. “These recognitions validate our ability to execute in complex markets, and we see significant opportunity ahead as we continue to scale our platform.”
The Atlanta-based investment firm, led by Friedman; Jatin Desai, managing principal and CFO and Mitul Patel, principal, oversees a diversified portfolio of more than $8 billion.
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AHLA Foundation is partnering with ICHRIE and ACPHA to support hospitality education.
The collaborations align academic programs with industry workforce needs.
It will provide data, faculty development, and student engagement opportunities.
THE AHLA FOUNDATION, International Council on Hotel, Restaurant and Institutional Education and the Accreditation Commission for Programs in Hospitality Administration work to expand education opportunities for students pursuing hospitality careers. The alliances aim to provide data, faculty development and student engagement opportunities.
Their efforts build on the foundation’s scholarships and link academics to workforce needs, AHLA said in a statement.
"We're not just funding education—we're investing in the alignment between academic learning and professional readiness," said Kevin Carey, AHLA Foundation president and CEO. "These partnerships give us the insights needed to support students and programs that effectively prepare graduates to enter the evolving hospitality industry."
ACPHA will provide annual reports on participating schools’ performance, enabling the Foundation to direct resources to programs with curricula aligned to industry needs, the Foundation said.
Thomas Kube, incoming ACPHA executive director, said the partnership shows academia and industry working together for hospitality students. The collaboration with ICHRIE includes program analysis, engagement through more than 40 Eta Sigma Delta Honor Society chapters and faculty development.
“Together, we are strengthening pathways to academic excellence, professional development and industry engagement,” said Donna Albano, chair of the ICHRIE Eta Sigma Delta Board of Governors.
U.S. holiday travel is down to 44 percent, led by Millennials and Gen Z.
Younger consumers are cost-conscious while older generations show steadier travel intent.
76 percent of Millennials are likely to use AI for travel recommendations.
NEARLY 44 PERCENT of U.S. consumers plan to travel during the 2025 holiday season, down from 46 percent last year, according to PwC. Millennials and Gen Z lead travel intent at 55 percent each, while Gen X sits at 39 percent and Baby Boomers at 26 percent.
PwC’s “Holiday Outlook 2025” survey found that among those not traveling, about half prefer to celebrate at home and cost concerns affect 43 percent, rising to 50 percent for Gen Z non-travelers. Visiting friends and relatives remains the main reason for holiday travel, cited by roughly 48 percent of those planning trips.
Younger consumers are more cost-conscious, while older generations show steadier travel intent. This split influences travel operators’ planning: younger travelers may require clear value, bundled perks and flexible options, whereas older travelers respond to reliability and convenience. Despite overall spending pressure, travel remains a key priority, reflecting its social and emotional importance during the holidays.
PwC surveyed 4,000 U.S. consumers from June 26 to July 9, with 1,000 each from Gen Z, Millennials, Gen X and Boomers, balanced by gender and region.
Generational spending patterns
Gen Z plans a 23 percent reduction in spending after last year’s 37 percent surge, while Boomers expect a 5 percent increase. Millennials are largely flat, down 1 percent and Gen X edges up 2 percent. Overall holiday spending is down 5 percent, with gift spending falling 11 percent, while travel and entertainment budgets remain stable, increasing 1 percent.
Households with children under 18 plan to spend more than twice as much as households without, averaging $2,349 compared to $1,089, highlighting the focus on family-centered experiences.
For travel and hospitality operators, these patterns suggest stronger conversion potential among older cohorts with steadier budgets and the need for clear value and cost transparency for younger travelers. Consumers are prioritizing experiences and togetherness over material gifts. Flexible fares, transparent pricing and bundled benefits such as Wi-Fi, breakfast, or late checkout can reinforce value and encourage bookings, especially among younger demographics. Gen Z’s pullback makes price-to-experience ratios decisive.
AI, timing and travel strategy
About 76 percent of Millennials say they are likely to use AI agents for recommendations, signaling a shift to “assistant-first” travel discovery. Operators must provide structured, AI-readable content, including route maps, fees, loyalty policies and inventory availability. Brands that do not may be invisible in AI-driven search and recommendation systems.
This year’s late Thanksgiving on Nov. 27 compresses the holiday booking window. Short-haul visiting-friends-and-relatives trips may see bunched reservations, increasing demand for early inventory visibility, simple cancellation policies and accurate last-minute availability. Operators should hold a portion of inventory for late bookings, streamline mobile checkouts and maintain flexible policies to capture last-minute travelers.
Strategies should be generationally targeted. Boomers and Gen X respond to comfort, reliability and multi-generational options, while Millennials and Gen Z require clear value and AI-optimized offers. Focusing on VFR travel through “home for the holidays” packages, flexible dates, partner transport and easy add-on nights can capture demand in key residential hubs.
Despite overall spending declines, travel remains a priority. Operators that deliver transparent value, AI-ready content and offers tailored to each generation can maintain bookings, convert last-minute demand and meet consumers’ evolving holiday expectations.
A TravelBoom Hotel Marketing report found that Americans continue to prioritize travel despite inflation and economic uncertainty, but with greater financial caution. About 74.5 percent plan a summer vacation and 17.5 percent are considering one, showing strong demand linked to careful budgeting.
Global hotel RevPAR is projected to grow 3 to 5 percent in 2025, JLL reports.
Hotel RevPAR rose 4 percent in 2024, with demand at 4.8 billion room nights.
London, New York and Tokyo are expected to lead investor interest in 2025.
GLOBAL HOTEL REVPAR is projected to grow 3 to 5 percent in 2025, with investment volume up 15 to 25 percent, driven by loan maturities, deferred capital spending and private equity fund expirations, according to JLL. Leisure travel is expected to decline as consumer savings tighten, while group, corporate and international travel increase, supporting RevPAR growth.
Major cities continue to attract strong demand and investor interest, particularly London, New York and Tokyo. APAC is likely to post the strongest growth, fueled by recovering Chinese travel, while urban markets remain poised for continued momentum.
Lifestyle hotels are emerging as the new “third place,” blending living, working and leisure. The trend is fueling expansion into branded residences and alternative accommodations. JLL said investors must weigh regional performance differences, asset types and lifestyle trends when evaluating opportunities.
Separately, a Hapi and Revinate survey found fragmented systems, inaccurate data and limited integration remain barriers for hotels seeking better data access to improve guest experience and revenue.
Fragmented systems, poor integration limit hotels’ data access, according to a survey.
Most hotel professionals use data daily but struggle to access it for revenue and operations.
AI and automation could provide dynamic pricing, personalization and efficiency.
FRAGMENTED SYSTEMS, INACCURATE information and limited integration remain barriers to hotels seeking better data access to improve guest experiences and revenue, according to a newly released survey. Although most hotel professionals use data daily, the survey found 49 percent struggle to access what they need for revenue and operational decisions.
“The Future of Hotel Data” report, published by hospitality data platform Hapi and direct booking platform Revinate, found that 40 percent of hoteliers cite disconnected systems as their biggest obstacle. Nearly one in five said poor data quality prevents personalization, limiting satisfaction, loyalty and upsell opportunities.
“Data is the foundation for every company, but most hotels still struggle to access and connect it effectively,” said Luis Segredo, Hapi’s cofounder and CEO. “This report shows there’s a clear path forward: integrate systems, improve data accuracy and embrace AI to unlock real-time insights. Hotels that can remove these technology barriers will operate more efficiently, drive loyalty, boost revenue and ultimately gain a competitive edge in a tight market.”
AI and automation could transform hospitality through dynamic pricing, real-time personalization and operational efficiency, but require standardized, integrated and reliable data to succeed, the report said.
Around 19 percent of respondents cited communication delays as a major issue, while 18 percent pointed to ineffective marketing, the survey found. About 10 percent reported challenges with enterprise initiatives and 15 percent said they struggled to understand guest needs. Nearly 46 percent identified CRM and loyalty systems as the top priority for data quality improvements, followed by sales and upselling at 17 percent, operations at 10 percent and customer service at 7 percent.
Meanwhile, hotels see opportunities in stronger CRM and loyalty systems, integrated platforms and AI, the report said. Priorities include improving data quality for personalized engagement, using integrated systems for real-time insights, applying AI for offers, marketing and service and leveraging dynamic pricing and automation to boost efficiency, conversion and profitability.
“Clean, connected data is the key to truly understanding the needs of guests, driving amazing marketing campaigns and delivering direct booking revenue,” said Bryson Koehler, Revinate's CEO. “Looking ahead, hotels that transform fragmented data into connected data systems will be able to leverage guest intelligence data and gain a significant advantage. With the right technology, they can personalize every interaction, shift share to direct channels and drive profitability in ways that weren’t possible before. The future belongs to hotels that harness their data to operate smarter, delight guests and grow revenue.”
In June, The State of Distribution 2025 reported a widening gap between technology potential and operational readiness, with many hotel teams still early in using AI and developing training, systems, and workflows.