Lodging
The average daily rate at Wyndham Worldwide properties during the third quarter increased by 1.5 percent year over year to $70.59,
the company announced on Wednesday. ADR at the Wyndham brand increased by 7.7 percent to $116.22, and ADR also was up for the Wingate, Ramada, Days Inn, Travelodge, Microtel, Knights Inn, Dream and Night brands. ADR was down slightly for the Tryp, Hawthorn Suites, Baymont, Super 8 and Howard Johnson brands. Third-quarter occupancy in the Wyndham Worldwide portfolio increased by 1.1 percentage points to 59.2 percent. Net income for the quarter was $187 million, up from $159 million in the third quarter of 2012.