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WYN » Topics » OPERATING STATISTICS

This excerpt taken from the WYN 10-K filed Feb 27, 2009.
OPERATING STATISTICS
 
The following table presents our operating statistics for the years ended December 31, 2007 and 2006. See Results of Operations section for a discussion as to how these operating statistics affected our business for the periods presented.
 
                         
    Year Ended December 31,
    2007   2006   % Change
 
Lodging
                       
Number of rooms (a)
    550,600       543,200       1  
RevPAR (b)
  $ 36.48     $ 34.95       4  
Royalty, marketing and reservation revenue (in 000s) (c)
  $ 489,041     $ 471,039       4  
Vacation Exchange and Rentals
                       
Average number of members (in 000s) (d)
    3,526       3,356       5  
Annual dues and exchange revenues per member (e)
  $ 135.85     $ 135.62       —  
Vacation rental transactions (in 000s) (f)
    1,376       1,344       2  
Average net price per vacation rental (g)
  $ 422.83     $ 370.93       14  
Vacation Ownership
                       
Gross VOI sales (in 000s) (h)
  $ 1,993,000     $ 1,743,000       14  
Tours (i)
    1,144,000       1,046,000       9  
Volume Per Guest (“VPG”) (j)
  $ 1,606     $ 1,486       8  
 
 
(a) Represents the number of rooms at lodging properties at the end of the year which are either (i) under franchise and/or management agreements, (ii) properties affiliated with the Wyndham Hotels and Resorts brand for which we receive a fee for reservation and other services provided and (iii) properties managed under the CHI Limited joint venture. The amounts in 2007 and 2006 include 6,856 and 4,993 affiliated rooms, respectively.
(b) Represents revenue per available room and is calculated by multiplying the percentage of available rooms occupied during the year by the average rate charged for renting a lodging room for one day.
(c) Royalty, marketing and reservation revenue are typically based on a percentage of the gross room revenues of each franchised hotel. Royalty revenue is generally a fee charged to each franchised hotel for the use of one of our trade names, while marketing and reservation revenues are fees that we collect and are contractually obligated to spend to support marketing and reservation activities.
(d) Represents members in our vacation exchange programs who pay annual membership dues. For additional fees, such participants are entitled to exchange intervals for intervals at other properties affiliated with our vacation exchange business. In addition, certain members may exchange intervals for other leisure-related products and services.
(e) Represents total revenues from annual membership dues and exchange fees generated for the year divided by the average number of vacation exchange members during the year.
(f) Represents the number of transactions that are generated in connection with customers booking their vacation rental stays through us. In our European vacation rentals businesses, one rental transaction is recorded each time a standard one-week rental is booked; however, in the United States, one rental transaction is recorded each time a vacation rental stay is booked, regardless of whether it is less than or more than one week.
(g) Represents the net rental price generated from renting vacation properties to customers divided by the number of rental transactions. On a comparable basis (excluding the impact of foreign exchange movements), such increase was 6%.
(h) Represents gross sales of VOIs (including tele-sales upgrades, which are a component of upgrade sales) before deferred sales and loan loss provisions.
(i) Represents the number of tours taken by guests in our efforts to sell VOIs.
(j) Represents revenue per guest and is calculated by dividing the gross VOI sales, excluding tele-sales upgrades, which are a component of upgrade sales, by the number of tours.


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