Wyndham Hotels & Resorts is developing a record-high number of rooms amid its anticipation of a healthy summer season. The hotel chain released earnings Thursday (April 25) showing it has 243,000 rooms in its development pipeline, an 8% increase year-over-year, primarily at the company’s “midscale...
Airbnb announced its third-quarter earnings on Wednesday (Nov. 1), marking a profitable quarter driven by a record summer travel season and robust growth in both active listings and nights and experiences booked. According to the results, total revenue for Q3 increased 18% year over year (YoY) to...
Travel rose this summer despite ongoing economic uncertainty and inflationary pressures. PYMNTS’ data finds that consumers planned to travel just as much or more this summer than last, and personal finance considerations strongly shaped these decisions. Our data also shows that credit cards remained the...
Three in five Americans say inflation has affected their summer travel plans. But that doesn’t mean they’ve opted to forego their trips. It just means they need to be more savvy. To satisfy their travel aspirations while being budget-conscious, some are opting for road trips as...
June 10, 2024
As we recently reported, despite steady signs of inflation, about half of U.S. consumers are planning to take summer vacations in the weeks to come — and many even anticipate spending even more this summer than last. But, as PYMNTS Intelligence recently revealed in its latest edition of our “New Reality Check” report, “Paycheck-to-Paycheck Foodies […]
April 25, 2024
Wyndham Hotels & Resorts is developing a record-high number of rooms amid its anticipation of a healthy summer season. The hotel chain released earnings Thursday (April 25) showing it has 243,000 rooms in its development pipeline, an 8% increase year-over-year, primarily at the company’s “midscale and above” properties. Management said Wyndham is targeting higher-end properties […]
