Lodging
Wyndham Hotel Group reported an 11 percent increase in third-quarter revenues
, to $203 million, thanks to higher revenue per available room, franchise fees and ancillary service fees from its 7,150 hotels. For the quarter, RevPAR was up 6.7 percent compared with last year. Parent company Wyndham Worldwide's CEO Stephen Holmes told investors that the RevPAR improvement resulted from "broad-based occupancy gains," but added that rates also began to stabilize during the quarter. Wyndham Worldwide's third-quarter earnings rose to $156 million from $104 million a year earlier.