Strong Earnings Growth
Reported strong earnings with comparable adjusted EBITDA and EPS growth of 7% and 10%, respectively.
System Growth and Development
Grew system by 4%, opened over 17,000 rooms in Q3, bringing year-to-date total to more than 48,000 rooms globally, up 13% compared to a year ago.
Franchise Sales and Retention
Improved global franchisee retention rate by 40 basis points year-over-year, and franchise sales teams in the U.S. signed 10% more deals than last year.
International Growth
International net rooms grew by 2% sequentially and by 8% year-over-year, with notable growth in EMEA, Latin America, and Southeast Asia.
Ancillary Revenue Growth
Ancillary revenues increased by 8%, driven by higher credit card and partnership fees as well as increased license fees.
Positive RevPAR Trends
International RevPAR increased 7% versus prior year in constant currency, with strong performance in EMEA and Latin America.