The average third-quarter daily rate at Wyndham Worldwide increased 2.5 percent year over year to $72.34,
according to the company. Systemwide occupancy increased 1.2 percentage points to 60.4 percent. The company's total system as of Sept. 30 consisted of 7,590 properties and 655,300 rooms, a 2.7 percent room increase compared with the end of the third quarter of 2013. The current development pipeline stands at more than 960 hotels and more than 116,000 rooms, the latter of which is 57 percent international and 66 percent new construction. The company reported net income of $206 million for the quarter, up from $187 million in the third quarter of 2013.
American Airlines on Thursday reported a third-quarter profit of $942 million,
compared with a combined net income of $505 million in the third quarter of 2013 from standalone AA and US Airways Group. Consolidated passenger revenue per available seat mile increased 1 percent year over year, and operating costs increased 1.6 percent. Passenger yield increased 2.6 percent. Traffic measured in revenue passenger miles increased 0.3 percent and capacity measured in available seat miles increased 2 percent, contributing to a load factor decline of 1.3 percentage points to 83.4 percent.
The average daily rate at La Quinta Inns & Suites increased 4.6 percent year over year to $85.91 during the third quarter,
the company reported Wednesday. Systemwide occupancy increased 2.8 percentage points to 71.7 percent, and the brand opened seven franchised hotels, including the company's 500th franchise property, according to La Quinta president and CEO Wayne Goldberg. As of Sept. 30, the company had a pipeline of 196 franchised hotels that totaled more than 16,000 rooms. The company reported a net income of $18.2 million for the quarter, down from $22.6 million in the third quarter of 2013, inclusive of a voluntary prepayment of $75 million on its senior secured term loan facility.