Wyndham Hotels & Resorts, Inc. - WH STOCK NEWS

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.

Wyndham Hotels & Resorts has partnered with Lafayette Square investment firm to provide up to $100 million in financing opportunities for diverse hotel owners. The initiative supports Wyndham's BOLD (Black Owners and Lodging Developers) and Women Own the Room programs, which have already resulted in over 100 hotel deals with Black and women hoteliers. Dr. Amina James became the first Wyndham franchisee to receive financing through this partnership, enabling her to acquire and upgrade the Wyndham Lake Charles property in Louisiana. The collaboration aims to address financing inequities in hospitality by providing capital access to qualified diverse hoteliers.

Wyndham Hotels & Resorts has launched Wyndham Travel Packages, an all-in-one booking platform allowing Wyndham Rewards members to book hotels, flights, car rentals, airport transfers, and activities in one place. The platform offers 10 points per dollar spent on hotels and activities, and 1 point per dollar on airfare, car rentals, and airport transfers. Through December 31, 2024, members can earn double points on all travel packages, with travel completion required by December 31, 2025. Members can enjoy up to 10% off travel package bundles and can use points to cover hotel costs. The platform currently requires package modifications within 24 hours of booking.

Wyndham Hotels & Resorts has achieved a significant milestone in China, signing nearly 600 direct franchise agreements across the country in five years. As China's largest U.S.-based hotel company, Wyndham operates more than 1,600 hotels and 180,000 rooms across 13 brands. The company's growth includes over 70 new direct franchise agreements in key markets during H1 2024, and nearly 300 direct franchised hotel openings since 2019. This expansion aligns with China's trajectory to become the world's largest travel and tourism market by 2035. The company has also introduced new brands like Hawthorn by Wyndham and La Quinta by Wyndham to the Chinese market.

Wyndham Hotels & Resorts has entered a 10-year development relationship with Reside to introduce Wyndham Residences in the U.S. The partnership brings five residence-style hotels that are open or under development, targeting top 50 U.S. markets. Two locations are currently open: Reside Seattle Downtown (55 rooms) and Reside Houston Downtown (79 rooms). Future locations include properties in New Orleans (22 rooms) and two in Washington D.C. (81 and 67 rooms). The properties offer upscale amenities including fully equipped kitchens, in-unit laundry, and WiFi, catering to both long-term stays and shorter getaways.

Wyndham Hotels & Resorts (NYSE: WH) reported strong Q3 2024 results with system-wide rooms growing 4% year-over-year. Global RevPAR increased 1% in constant currency. The company achieved diluted EPS of $1.29, up 7%, and adjusted diluted EPS of $1.39, growing 6%. Net income was $102 million, slightly down 1% from prior year. Adjusted EBITDA increased 4% to $208 million.

The company's development pipeline grew 5% year-over-year to a record 248,000 rooms, with 197 new development contracts awarded globally. Wyndham returned $126 million to shareholders through share repurchases and dividends. The company raised its full-year 2024 EPS outlook while reaffirming other guidance metrics.

Travel + Leisure Co. (NYSE:TNL) reported strong third quarter 2024 results with net income of $97 million and net revenue of $993 million. The company achieved $1.39 diluted earnings per share from continuing operations and adjusted EBITDA of $242 million. Volume per guest remained above $3,000 with a 4% increase in tours year-over-year and new owner tours up 9%. The company returned $105 million to shareholders through dividends and share repurchases. Management expects fourth quarter adjusted EBITDA between $240-260 million and reaffirmed full-year guidance.