Wyndham Occupancy, ADR Decline in Q2

Wyndham Hotel Group reported year-over-year decreases in both average daily rate and occupancy across its portfolio during the second quarter. Occupancy dipped to 57.2 percent from 57.4 percent last year, while ADR decreased 1.5 percent to $68.30. Wyndham's U.S. revenue per available room, up 2 percent year over year, continued to suffer from poor performance in oil-producing markets, where RevPAR was down 16 percent from last year. "Remember that RevPAR in these regions was down 28 percent in the first quarter," said CFO Thomas Conforti, "so we're happy to see some sequential improvement." The group's development pipeline is 128,000, a 10 percent year-over-year increase, with significant focus on its higher-end brands, including the Wyndham brand. Revenue held flat year over year at $334 million.