Global System Growth and Net Room Growth
Reported a strong quarter with global system growth of 4% and sequential net room growth across every region of operation. Opened over 16,000 rooms in Q2, with June year-to-date new additions reaching over 30,000 rooms, a record first half for the company and 3% higher than last year.
Increase in Revenue Streams
Comparable adjusted EBITDA grew by 5% and EPS by 11% despite the challenging RevPAR environment. Ancillary fee streams increased nearly 20%, and international royalty rates expanded. Year-to-date, about $170 million of adjusted free cash flow was produced, with nearly $220 million returned to shareholders.
Development Pipeline Growth
Contract signings increased by 40%, driving a 5% growth in the global development pipeline to a record 255,000 rooms. This is the 20th consecutive quarter of pipeline growth.
Successful Launch of New Initiatives
Introduced several new technology-driven tools, including Wyndham Gateway and Wyndham Connect PLUS, enhancing guest experience and improving hotel operations. Over 1,100 hotels enrolled in Wyndham Connect PLUS since its launch.