Wyndham Reports Strong H1 2023 RevPAR Growth in
Wyndham has reported strong growth momentum in
Pacific region for the half year ended 30 June 2023 (H1 2023).
The company tapped in to the continual recovery
of bleisure travel across the Asia Pacific region and successfully opened
and signed hotels including the flagship Wyndham, all-inclusive
Wyndham Alltra and TRYP by Wyndham brands.
The new openings led to an overall 6% increase in Wyndham’s
room size across the region.
Additionally, Asia Pacific achieved an
increase of 31% on revenue per available room (RevPAR) in constant
currency during the first half of 2023, with China leading the
region with a 45% jump in RevPAR.
In the first six months of 2023, Wyndham
celebrated a series of key milestones as it unveiled its
“first-hotel” of iconic brands such as Wyndham Grand, Wyndham,
Wyndham Garden and TRYP by Wyndham in popular destinations such as
Singapore, Wellington in New Zealand, and Phu Quoc in Vietnam, as
well as introducing its brands in new countries through hotel
signings and openings, including:
- Peninsula Excelsior Singapore, a Wyndham Hotel:
The signing of the first Wyndham hotel in the country with 591
rooms. The hotel debuted as the Peninsula Excelsior Singapore, a
Wyndham Hotel, during its soft opening on 6 July 2023 but will be
officially launched as the Wyndham Singapore at its grand opening
in 2024, following a multi-million-dollar renovation.
- Wyndham Alltra, Cat Ba: The signing of the first
all-inclusive resort in Asia Pacific with 300 rooms.
- Wyndham Grand Phu Quoc: The largest Wyndham
Grand globally with 1,399 rooms, making the first Wyndham in Phu
Quoc and 15th hotel in Vietnam.
- Wyndham Garden Phu Quoc: The largest Wyndham
Garden globally with 921 rooms, making the first Wyndham Garden in
Phu Quoc and 16th hotel in Vietnam.
- TRYP by Wyndham Tory Street Wellington: The
first TRYP by Wyndham in New Zealand with 77 rooms.
In Thailand, Wyndham strengthened its portfolio
with the signing and opening of Ramada by Wyndham Bangkok
Sukhumvit 11 and Ramada by Wyndham Bangkok Ten Ekamai Residences –
its 21st and 22nd hotel in Thailand, and 8th and 9th respectively
in the city of Bangkok.
In Greater China, the company continued to venture
into new deals and openings including the opening of Wyndham
Shanghai Nanxiang in April, the third Wyndham and 32nd property in
the city of Shanghai.
Wyndham’s current brand portfolio in the region
stands at a total of 14 brands with over 197,000 rooms.
“In the first half of 2023, we’ve achieved phenomenal results;
driven by three game-changing factors; the strong recovery of
bleisure travel across Asia Pacific, the combined rebound in
Greater China’s domestic and international travel demand, and
the introduction of new, exciting brands and hotels into
strategic markets across Asia Pacific,” said Joon Aun Ooi, President, Asia Pacific,
Wyndham Hotels and Resorts. “For our guests, the strong
appeal of our brands coupled with the high usability of
Wyndham Rewards kept them in the Wyndham ecosystem, whilst our
owners witnessed how we were able to leverage the strength of
our commercial and operational support to attract demand and drive
Wyndham is one of the world’s largest hotel franchising companies and
a leading provider
of management services with approximately 9,100 hotels in more
than 95 countries.
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