The Following Normal: Hotel Benchmarking Post-pandemic
During third quarter 2023, the Company awarded 172 new contracts for its legacy manufacturers, an increase of 4% year-over-year. Additionally, the Company awarded 60 additional new contracts for its ECHO Suites Extended Stay by Wyndham brand and, as of September 30, 2023, the total number of contracts awarded for the brand was 265, or nearly 33,000 rooms. Deutsche Hospitality is rebranding to H World International to drive the growth of its ownership group, H World, outside of China. All of H World International’s brands shall be a half of the H Rewards international loyalty program and on-line booking platform. Depending…
