DALLAS Wyndham International reported improved results for the quarter ended March 31, 2001, which were driven by a 3.2% total improvement in RevPAR on its comparable owned and leased hotels, reflecting an increase in both occupancy and ADR. Performance was led by Wyndham Hotels & Resorts, which achieved comparable RevPAR growth of 6.1%, with occupancy up 1.4 points to 71.6% and ADR up 4% to $159.98. Summerfield Suites by Wyndham posted a comparable RevPAR gain of 4.6% in the quarter, with occupancy up 0.2 points to 78.1% and ADR up 4.4% to $128.48.
The company reported EBITDA of $175.7 million in the first quarter 2001, up from $175.2 million in the same period a year ago. Net income for the quarter was $12.9 million, compared to net income of $5.1 million in the first quarter of 2000. The company reported a loss of $0.08 per diluted share for the quarter, compared to a loss of $0.12 per diluted share for the same quarter last year. (5/8/01)