DALLAS Wyndham International reported sharply improved operating results for the fourth quarter and full year ended December 31, 2000.
In the fourth quarter, EBITDA increased 15.4% to $144.4 million from $125.1 million in the same period a year ago, on a pro forma basis, which reflects adjustments for asset acquisitions and dispositions. RevPAR increased 4.4% in the fourth quarter on comparable owned and leased properties from the same period a year ago. Wyndham-branded comparable owned and leased hotels set the pace in the fourth quarter with a 5.7% increase in RevPAR.
For the full year 2000, pro forma EBITDA, as adjusted, was $620.5 million, an increase of 10.3% over 1999. RevPAR on comparable owned and leased hotels grew 4.1% over the prior year, exceeding expectations. (2/6/01)