During Wyndham Hotels & Resorts Inc Q2 2021 Earnings Call on Jul 30, 2021, Geoff Ballotti, President and CEO, shared that the company was “very pleased” with its second quarter performance. According to Ballotti, global RevPAR increased 110 percent versus last year and domestic economy RevPAR exceeded 2019 levels by nearly 4 percent.
Additionally, occupancy in the U.S. improved nearly 600 basis points in June compared to May. While June domestic RevPAR grew nearly 80 percent to 2020 and was up 1 percent to 2019. June was also the third consecutive month that Wyndham’s economy brands exceeded 2019 levels with a 7 percent RevPAR increase versus 2019.
“The week leading into July is our busiest independent holiday week on record and for the past three weeks domestic Rev Par is up 75% month-to-date versus last year and upper remarkable 7% versus 2019,” Ballotti said.
As so many hotels are reporting, leisure demand is driving much of the recovery for Wyndham with nine out of 10 of guests driving to their hotel this quarter. Ballotti also noted that booking windows continue to expand and average rates of stay once again grew.