Wyndham Hotel Group and Choice Hotels International both
reported stable revenue per available room but declining rates in the second
quarter.
Wyndham on Wednesday reported that average daily rate
decreased by 2.9 percent during the quarter compared with the second quarter of
2009. Rates were steady at its upscale flagship brand but decreased across
several of its midprice and economy brands.
Taking foreign currency fluctuations into consideration,
Wyndham's year-over-year systemwide RevPAR was about flat. The company,
however, raised its RevPAR expectations for the full year. It now expects
systemwide RevPAR to range from flat to a 3 percent increase compared with
2009, whereas its earlier expectations were that RevPAR would range from flat
to down 3 percent.
Choice, meanwhile, reported on Tuesday that second-quarter
RevPAR was up 0.3 percent compared with the previous year. Occupancy was up 1.3
percentage points, but rates were down by 2.2 percent, according to Choice.
"We're pleased to report positive domestic RevPAR for
the first time since the second quarter of 2008, due in large part to gains in
occupancy and a gradually improving average daily rate environment from this
year's first quarter," Choice president and CEO Stephen Joyce said in a
statement.
Choice expects RevPAR to increase by 6 percent in the third
quarter and range from flat to up 2 percent for the full year.