Wyndham Increases 1Q Expectations

DALLAS— Wyndham International reports that its first-quarter earnings will be higher than expected due to stronger than anticipated operating margins and improving demand. The company expects EBITDA to come in between $112 million to $114 million, up from a previous forecast of $100 million to $105 million. Wyndham, which will release its results on May 6, also said it remains confident in its forecast of a 15% to 18% decline in RevPAR from the year-earlier quarter. Marriott International last week reported that its first-quarter earnings came in higher than expected, thanks to cost-cutting measures and a stronger than expected leisure and group market.