Wyndham Worldwide’s profit increased by 7% to $78m during the fourth quarter of 2010, compared with the $73m profit reported during the corresponding quarter in 2009.

The US-based hotel group’s revenue for 2010 rose to $937m, a 3% increase on the same period in 2009.

The company’s yearly profit for 2010 jumped 29% to $379m from $293m in 2009, while its revenue increased by 3% to $3.85bn.

The increase in profit is driven by higher revenue per available room (revPAR), strong operational performance by the company’s holiday ownership business, contributions from acquisitions in the exchange and rentals and lodging businesses, and a lower tax rate.