DALLAS— Wyndham International today announced that earnings before interest, taxes, depreciation and amortization (EBITDA) for the three months ending Mar. 31, 2002, would be significantly higher than anticipated. Specifically, EBITDA guidance for first quarter 2002 was projected to be between $100 million to $105 million and now is expected to be from $112 million to $114 million. “We are extremely pleased to announce that first quarter results will exceed our expectations,” stated Wyndham Chairman and CEO Fred Kleisner. “Our focused efforts produced better than anticipated operating margins in all key areas. Additionally we saw improving demand with each month in the quarter.” Wyndham remains confident with the RevPAR guidance as previously stated in the range of negative 15% to negative 18% versus prior year. The company will release full earnings on Tuesday, May 6, with a conference call scheduled for 10:00 a.m. CST the same day.
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