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Accor, Hilton and Wyndham back to pre-pandemic levels

Accor, Hilton and Wyndham back to pre-pandemic levels

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For all three international hotel groups, third quarter 2022 results exceed pre-covid levels.

 

With the virtual disappearance of sanitary rules in the world, tourism and travel have picked up again. And this has benefited the major hotel groups such as Accor, Hilton or Wyndham between June and September.

 

Hilton Group CEO Chris Nassetta reported diluted earnings per share of $1.26 and net income of $346 million, exceeding the group’s forecasts. Adjusted EBITDA was $732 million, also exceeding the high end of forecasts.

 

At the same time, RevPar (Revenue Per Available Room) was up 29.9 percent compared to the same period in 2021 and up 5 percent compared to the third quarter of 2019.

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Wyndham Hotel Group also had a strong quarter, generating $407 million in revenue. It also raised its 2022 EBITDA outlook by $19 million. The positive quarterly results were driven in part by the acquisition of its 23rd brand, Vienna House.

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