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Wyndham China’s RevPAR plunges 17% in the second quarter

08/06/2024| 2:27:25 PM|

APAC region declined 12%.

During the second quarter of 2024, Wyndham's adjusted net income was $91 million, a 14% increase over the prior-year quarter.

Global RevPAR grew 2% in constant currency. However, RevPAR for the Company's APAC region declined 12% and ADR declined 5%, primarily due to a difficult year-over-year comparison resulting from that region's COVID recovery timing in the second quarter of 2023.

The RevPAR in Greater China was only $14.51, a sharp decrease of 17% year-on-year.

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TAGS: Wyndham | Greater China | financial report
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