Wyndham released the official performance numbers for the first quarter of 2019. The March 31st report had some amazing highlights for the recently acquired La Quinta Hotels & Resorts. Some of the major milestones include year over year growth for the Wyndham Hotels & Resorts from La Quinta assets with a significant increase in both revenue and EBITDA.
“Our first quarter results were consistent with our expectations and included double-digit growth in adjusted EBITDA despite our decision to incur a higher proportion of our 2019 marketing expenses in the early part of the year.”
Geoffrey A. Ballotti – CEO Wyndham Group
In what was a brilliant first quarter for La Quinta Hotels & resorts, compared to 2018 Wyndham’s revenues grew by a remarkable $468 million, recording 55% growth over the past year. Net income also surpassed expectations courtesy La Quinta’s massive brand equity, with $21 million recorded at the end of Q1.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) were also comparably better by 21% than 2018, increasing to $111. Following is a summary of some more brilliant La Quinta’s Q1 performance metrics:
- Global RevPAR increased 7% year-over-year, and 1% in constant currency and excluding our 2018 acquisitions and
- U.S. RevPAR increased 13% year-over-year, and 1% excluding our 2018 acquisitions and divestitures.
- System-wide rooms grew 12% year-over-year, and 3% excluding our 2018 acquisitions and divestitures.
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In what are slow times before the summer holidays, Wyndham’s revenue only grew 4% without the support from La Quinta. Wyndham CFO, David Wyshner, has already established that “virtually all projected synergies are cost savings,” with the company ready to achieve the target by Q3 2019.
These synergies as Wyshner mentioned include La Quinta’s conversion & integration with Wyndham’s central reservation, property management, loyalty, digital and call-center systems. CEO Geoff Ballotti has already termed the technology migration as “the last major milestone of the integration.”
As La Quinta shows massive potential in both global and US markets, the technology conversions or synergies as their CFO terms it, should provide breakthrough results for Wyndham by year end.
News Source: corporate.wyndhamhotels.com
La Quinta by Wyndham Technology Integration with Advanced Hospitality
Both the Wyndham CEO and CFO have emphasized the importance of La Quinta technology migration time and time again. The very obvious results of the acquisition and now integrations is showing massive success for La Quinta assets under Wyndham technologies.
At Advanced Hospitality we understand the importance of technical compliance and already know the Wyndham technology infrastructure. As one of the oldest managed hospitality technology companies in the US, we have already migrated several La Quinta hotels to the latest franchise benchmarks.
While our expertise lies in managing technology for world-class renovations and leading-edge hotel new builds, our vast services available to La Quinta hotel owners include:
- 24/7 Guest Internet Support
- Technology Budgeting & Planning
- Enhanced Brand Visibility Managed by a Professional Team
- Hotel New Builds & Renovations
- On-site Installation & Configuration
- Back Office & Front Office Management
- Security, Risk & Business Assessment
- Guest Technology Experience Management
- PCI Compliance, Solutions & Training
- Technology Vendor Management
For more information, visit our website and contact us immediately to schedule a La Quinta technology migration to Wyndham benchmarks.