Wyndham Hotels & Resorts Inc - WH STOCK NEWS

Wyndham Hotels & Resorts (NYSE: WH) reported strong Q4 2024 results with significant growth metrics. Global RevPAR increased 5% in Q4, with U.S. RevPAR growing 5% and international RevPAR up 6%. The company achieved record system growth with global rooms increasing 4% year-over-year to 903,000 rooms.

Key financial highlights include: Q4 diluted EPS up 80% to $1.08, net income increased 70% to $85 million, and adjusted EBITDA grew 9% to $168 million. The development pipeline reached a record 252,000 rooms, up 5% year-over-year. The company maintained a strong 95.7% global retention rate.

For shareholders, Wyndham returned $430 million through share repurchases ($308 million) and dividends in 2024. The Board authorized an 8% increase in quarterly dividend to $0.41 per share for 2025. The company provided 2025 guidance projecting 3.6-4.6% rooms growth and 2-3% global RevPAR growth.

Barclays US Consumer Bank and Wyndham Hotels & Resorts (NYSE: WH) have announced a long-term renewal of their co-branded credit card partnership that began in 2010. Barclays will remain the exclusive issuer of Wyndham's three credit card products: the Wyndham Rewards Earner® Plus Card, Earner® Card, and Earner® Business Card.

The cards offer generous rewards including up to 8x points on gas and Wyndham stays, up to 5x on marketing and utilities for business cards, and up to 4x on restaurant and grocery purchases. Wyndham's loyalty program, rated #1 by USA Today and U.S. News & World Report, serves approximately 112 million members worldwide, offering guaranteed 1,000 points per qualified stay with free nights starting at 7,500 points.

Wyndham maintains its position as the world's largest hotel franchisor with approximately 9,200 hotels across more than 95 countries, managing about 893,000 rooms primarily in the economy and midscale segments.

Wyndham Hotels & Resorts (NYSE: WH) has scheduled its fourth quarter and full-year 2024 earnings release for February 12, 2025, at approximately 4:30 p.m. ET. The company will host a conference call and webcast on February 13, 2025, at 8:30 a.m. ET, featuring CEO Geoff Ballotti and CFO Michele Allen.

As the world's largest hotel franchising company by property count, Wyndham operates approximately 9,200 hotels across 95+ countries on six continents. The company's portfolio includes 25 hotel brands and approximately 893,000 rooms, primarily in the economy and midscale segments. Their Wyndham Rewards loyalty program serves about 112 million enrolled members.

Wyndham Hotels & Resorts reported significant achievements in 2024 and outlined growth plans for 2025. The company expanded its portfolio by launching its 25th brand, WaterWalk Extended Stay, and opened its first ECHO Suites locations, which achieved up to 80% occupancy within weeks. The company strengthened its presence in key markets including the UK, India, Türkiye, and Mexico, while introducing 12 brands into 22 new markets.

Wyndham introduced several technological innovations, including Wyndham Connect, an AI-powered platform for personalized guest experiences, and refreshed its Wyndham Business platform. The company expanded its Wyndham Rewards program to include over 60,000 redemption locations globally and launched Wyndham Travel Packages for comprehensive travel booking.

These developments align with positive industry trends, as travel spending reached its highest level since 1960, with projected growth of 4% to $1.35 trillion in 2025. Global air travel is expected to reach 5.2 billion passengers in 2025, a 7% increase from 2024.

HQ Hotels & Residences, in partnership with Wyndham Hotels & Resorts and Marc Anthony, announced the opening of its first luxury resort at Hodges Bay Resort and Spa in Antigua. This launch marks the beginning of HQ's ambitious plan to establish 50 lifestyle hotels and residences by 2031 through Wyndham's Registry Collection Hotels brand.

The resort features 79 luxury accommodations and will introduce acclaimed dining concepts including Katsuya Beach by Chef Katsuya Uechi, Hecho Libre by Chef Wes Avila, and the XIV Beach Club. Located on Antigua's north shore, the property spans eight acres of tropical gardens and pristine beaches.

The partnership aims to transform Hodges Bay into a global destination, offering Wyndham's 110 million loyalty members access to world-class dining, wellness offerings, and entertainment experiences. The property includes various accommodation options from spacious suites to oceanfront villas, with opportunities for residence ownership.

Travel + Leisure Co. (NYSE:TNL) announced that Chief Financial Officer Mike Hug will retire by June 1, 2025, after more than 25 years with the company. The company has initiated a search for his replacement, considering both internal and external candidates.

Hug, who has served as CFO since the company's spin-off from Wyndham Hotels & Resorts in 2018, played a key role in the company's evolution to Wyndham Destinations and later in acquiring the Travel + Leisure brand in 2021. He previously led financial services teams, IT operations, and Wyndham Consumer Finance operations. He will continue in his role until a successor is identified or until his retirement date, ensuring an orderly transition.

Playa Hotels & Resorts (NASDAQ: PLYA) announced the opening of Wyndham Alltra Punta Cana, accepting reservations for stays beginning April 1, 2025. The transformed property, formerly Jewel Punta Cana, features 620 suites and represents the brand's second all-inclusive resort in the Dominican Republic.

The resort offers extensive amenities including 20+ food and beverage venues, private swim-out pools, a new water park, and the Aura Spa with 12 treatment rooms. Located on Uvero Alto Beach, the property showcases tropical colonial-inspired design and includes nine renovated dining outlets, one of the country's largest freeform swimming pools, and Camp Alltra for children. Grand opening rates start at $125 per person per night.

Wyndham Hotels & Resorts has launched a new holiday campaign called 'Stay Close,' offering a humorous take on holiday travel and family gatherings. The campaign encourages travelers to stay near, but not with, their loved ones during the holiday season. Running through the end of the year, the campaign includes 6- and 15-second ads across digital platforms.

As part of the promotion, guests can earn 7,500 bonus Wyndham Rewards points when staying two nights through January 20, 2025. This bonus is enough for a free night at thousands of Wyndham properties. Members can use this promotion twice, earning up to 15,000 bonus points. The nights don't need to be consecutive.

Wyndham Hotels & Resorts (NYSE: WH) has announced a quarterly cash dividend of $0.38 per share on its common stock. The dividend will be payable on December 27, 2024 to shareholders of record as of December 13, 2024. The company is the world's largest hotel franchising company with approximately 9,200 hotels across over 95 countries, operating a portfolio of 25 hotel brands and managing approximately 893,000 rooms. Their Wyndham Rewards loyalty program serves approximately 112 million enrolled members.