Latest news with #travelgrowth
Zawya
14 hours ago
- Business
- Zawya
Wyndham surpasses 700 hotels across EMEA, as growth accelerates
Dubai, United Arab Emirates: Wyndham Hotels & Resorts has marked significant growth in its EMEA footprint, with more than 720 hotels now operating across Europe, the Middle East, Eurasia, and Africa. In the first half of 2025 alone, the company added over 4,700 rooms through more than 60 new hotel openings, driving year-over-year organic system growth of 5% in EMEA, alongside 27 new deal signings in the region, reinforcing its focus on high-growth markets and expanding access to quality, branded accommodations to travellers across the region. Standout additions include the Dolce by Wyndham Siracusa, Monasteri Golf and Spa in Sicily and the Signature Cave Cappadocia, Trademark Collection by Wyndham in Türkiye; offering distinctive stays in one the region's most captivating destinations. Wyndham also opened new destinations across Eastern Europe and Central Asia, with launches in Georgia, Romania, and Kazakhstan, and accelerated its momentum in Eurasia with 21 new openings in the first half of the year, expanding the regional portfolio to over 90 hotels - primarily located in India, one of the world's most dynamic and fastest-growing hospitality markets. Wyndham's strategic development partnerships also played a key role in driving brand growth, bringing its globally recognized Super 8® by Wyndham brand to two high-demand markets: the Kingdom of Saudi Arabia and Iberia. 'With more than 720 hotels now open across EMEA, we're seeing incredible momentum. Travel is thriving and we're meeting that demand with a growing portfolio that reflects the energy and diversity of this region. From stunning resorts in Sicily to one-of-a-kind cave stays in Cappadocia, we're adding experiences that truly inspire. And with new signings in markets like Iberia and Saudi Arabia, we're not just growing - we're creating new opportunities for our partners and giving travellers even more great places to stay across the region.' Dimitris Manikis, President EMEA, Wyndham Hotels & Resorts This regional growth contributed to 4% year-over-year global organic net room growth and Wyndham's 20th consecutive quarter of sequential developmental pipeline growth, reaching a record 255,000 rooms. Wyndham's EMEA region also delivered robust constant currency RevPAR growth of 7%. Backed by its Owner First™ approach to franchising, Wyndham's continued expansion highlights the strength of its reputation and its long-term commitment to the success of franchisees and owners. Highlights from H1 2025 include: Continued expansion in Türkiye, where Wyndham is the largest hotel group, is now home to over 125 Wyndham-branded hotels, including landmark additions such as Cappadocia Cave Hotel by Wyndham, Wyndham Tarsus St. Paul and Wyndham Alanya. Robust development in Eurasia with 21 new hotel openings in the first half of the year, including Ramada Encore By Wyndham Lucknow Airport, Ramada by Wyndham Cox's Bazar Kolatoli Beach and Wyndham Garden Jim Corbett Chhoi. Strategic growth across Europe, reinforcing Wyndham's strong and established presence in key markets such as Germany, Greece, Portugal, Italy and Denmark, with further openings expected this year – a clear reflection of Europe's continued popularity with travellers. New destinations in Eastern Europe include the introduction of new brands such as La Quinta By Wyndham Batumi into Georgia and the addition of unique locations such as Tor're Astana, Trademark Collection and Wyndham Residences Aqkol in Kazakhstan. Landmark deals to bring Super 8® by Wyndham brand Saudi Arabia and Iberia, with plans for 100 hotels in the Kingdom and 40 across Spain and Portugal over the next decade - meeting the accelerating demand for trusted, value-driven accommodations in these dynamic markets. Wyndham's continued growth in EMEA is powered by Wyndham Advantage; a suite of industry-leading marketing, distribution, and technology solutions to help hotel owners succeed. These include nearly $350 million invested in digital transformation over six years and access to a growing base of approximately 120 million Wyndham Rewards® members worldwide. For more information, including development opportunities, visit: -Ends- About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world's largest hotel franchising company by the number of franchised properties, with approximately 8,300 hotels across approximately 100 countries on six continents. Through its network of approximately 847,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 25 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, ECHO Suites®, Registry Collection Hotels®, Trademark Collection® and Wyndham®. The Company's award-winning Wyndham Rewards loyalty program offers approximately 120 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit The Company may use its website and social media channels as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Disclosures of this nature will be included on the Company's website in the Investors section, which can currently be accessed at or on the Company's social media channels, including the Company's LinkedIn account which can currently be accessed at Accordingly, investors should monitor this section of the Company's website and the Company's social media channels in addition to following the Company's press releases, filings submitted with the Securities and Exchange Commission and any public conference calls or webcasts. Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the federal securities laws, including statements related to Wyndham's current views and expectations with respect to its future performance and operations, including revenues, earnings, cash flow and other financial and operating measures, share repurchases and dividends and restructuring charges. Forward-looking statements are any statements other than statements of historical fact, including those that convey management's expectations as to the future based on plans, estimates and projections at the time Wyndham makes the statements and may be identified by words such as 'will,' 'expect,' 'believe,' 'plan,' 'anticipate,' 'predict,' 'intend,' 'goal,' 'future,' 'forward,' 'remain,' 'confident,' 'outlook,' 'guidance,' 'target,' 'objective,' 'estimate,' 'projection' and similar words or expressions, including the negative version of such words and expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Wyndham to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, general economic conditions, including inflation, higher interest rates and potential recessionary pressures, which may impact decisions by consumers and businesses to use travel accommodations; global trade disputes, including with China; the performance of the financial and credit markets; the economic environment for the hospitality industry; operating risks associated with the hotel franchising business; Wyndham's relationships with franchisees; the impact of war, terrorist activity, political instability or political strife, including the ongoing conflicts between Russia and Ukraine and conflicts in the Middle East, respectively; global or regional health crises or pandemics including the resulting impact on Wyndham's business, operations, financial results, cash flows and liquidity, as well as the impact on its franchisees, guests and team members, the hospitality industry and overall demand for and restrictions on travel; Wyndham's ability to satisfy obligations and agreements under its outstanding indebtedness, including the payment of principal and interest and compliance with the covenants thereunder; risks related to Wyndham's ability to obtain financing and the terms of such financing, including access to liquidity and capital; and Wyndham's ability to make or pay, plans for and the timing and amount of any future share repurchases and/or dividends, as well as the risks described in Wyndham's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequent reports filed with the Securities and Exchange Commission. These risks and uncertainties are not the only ones Wyndham may face and additional risks may arise or become material in the future. Wyndham undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise, except as required by law. Media Contact For more information, please contact The Alto Agency | Wyndham@
Khaleej Times
5 days ago
- Business
- Khaleej Times
Etihad Airways sees 2025 profits surpassing Dh1.7 billion, to announce H1 results soon
Etihad Airways is expected to surpass its record Dh1.7 billion 2024 profit this year, the airline's CEO Antonoaldo Neves told Khaleej Times in an interview. The company maintained its record profit growth this year, reaching Dh685 million in the first quarter of 2025, an increase of 30 per cent year-on-year. 'We already revealed second-quarter results to our board. So the first half numbers are good. We keep generating cash. The airline is doing well, and forward bookings are looking good. We're confident as a lot of new aircraft will arrive by the end of the year,' Neves said. 'In terms of profitability, we don't give guidance, but we expect it to be better than last year,' he said in reply to expectations about this year's profits. 'We're excited and confident. But this is an industry that is very volatile. So we need to be really paying attention to everything. It's only over when it's over.' In terms of passengers, Neves said Etihad Airways is expected to reach 20 million passengers this year. Last year, it carried 17.5 million. 'We're probably going to end up at 21.5 million,' he said. The UAE national airline carried 5 million passengers during the first quarter, with load factor improving to 87 per cent. Record profits Many UAE airlines have been reporting record profits on the back of strong growth in the travel and tourism sector. In May, the UAE flag carrier Emirates hit a new record profit after tax of Dh19.1 billion, outstripping last year's Dh17.2 billion. This was the best performance in the airline's history and the airline industry for the reporting year 2024-25. Similarly, flydubai announced record-breaking annual results for its financial year ending December 21, 2024. The Dubai-based carrier marks its strongest-ever financial performance in its 15-year history, reporting a pre-tax profit of Dh2.5 billion, a 16 per cent growth compared to the previous financial year with a total revenue of Dh12.8 billion ($3.5 billion), marking an increase of 15% compared to Dh11.2 billion ($3 billion) in 2023. The new milestone was driven by the strength of flydubai's diverse network as well as its strong and agile business model.
Zawya
03-07-2025
- Business
- Zawya
International visitors spend nearly $13.33bln in Saudi Arabia during 1Q 2025
RIYADH — Saudi Arabia has achieved record growth in spending by international visitors, reaching SR49.4 billion during the first quarter of 2025. This figure represents 9.7 percent growth compared to the same period in 2024, according to travel item data in the balance of payments for the month of May, published by the Ministry of Tourism. The Kingdom achieved a surplus in the travel item of the balance of payments estimated at SR 26.8 billion during the period, a growth rate of approximately 11.7 percent compared to the same period in 2024. The ministry explained that the significant growth in the travel surplus in the balance of payments during the first quarter of 2025 is the result of the efforts made by the ministry and other components of the Saudi tourism system to enhance the tourism sector and its contribution to the growth of the national economy. It also underscores the development witnessed by the tourism sector in the Kingdom. This growth underscores the effectiveness of the efforts exerted by the tourism system to position the sector as a global leader, through the application of best tourism development practices, the advancement of tourism services and products, and the ongoing cooperation with all government agencies to support the development of the tourism sector in the Kingdom and achieve the goals of Saudi Vision 2030. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Arabian Business
04-06-2025
- Business
- Arabian Business
Middle East tourism spend to hit $350bn by 2030 amid luxury, sports, and business travel boom
Middle East tourism spending is projected to surge by 50 per cent to reach $350bn by 2030, according to the new ATM Travel Trends Report 2025, compiled by Tourism Economics for Arabian Travel Market (ATM). The report highlights the region's exceptional post-pandemic rebound and long-term growth potential, driven by luxury travel, business events, and sports tourism. Spending on tourism across the Middle East is already on track to exceed pre-pandemic levels by 54 per cent this year. Middle East tourism spending From 2025 to 2030, the market is expected to grow at more than 7 per cent annually. Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: 'The report's findings confirm that travel growth in the Middle East is incredibly strong, with annual growth averaging more than 7 per cent through 2030. 'Bold national visions, game-changing developments, and enhanced connectivity are some of the key factors driving this momentum.' Key insights from the report include: Inbound travel to the Middle East is set to grow 13 per cent annually, with India, the UK, and China among the top source markets Chinese leisure spending alone is forecast to grow 130 per cent by 2030 Tourism nights from Asia Pacific and Africa will more than double Business travel in the region is expected to grow 1.5 times faster than the global average, positioning the Middle East as a top global 'bleisure' hub Luxury travel is booming, with nearly 60 per cent of visitors choosing premium experiences. Over 170 luxury hotels already operate in the region, with dozens more in development in the UAE and Saudi Arabia Sports tourism is forecast to grow 63 per cent, fuelled by major events such as the 2034 FIFA World Cup in Saudi Arabia and a surge in interest in motorsports, golf, cycling, and esports Airlines are scaling up rapidly to meet demand: Emirates, Etihad, Qatar Airways, and Saudia have placed nearly 780 new aircraft orders with Boeing and Airbus, solidifying the region's role as a global aviation hub As the Middle East continues to attract high-spending tourists and host world-class events, it is cementing its position as one of the fastest-growing and most dynamic tourism regions on the planet.
