Wyndham Hotels & Resorts, Inc. - WH STOCK NEWS

Wyndham Hotels & Resorts (NYSE: WH) reported a strong first quarter for 2023, with Global RevPAR increasing by 12% compared to Q1 2022, and a 4% growth in U.S. RevPAR. The development pipeline has grown by 11%, totaling 226,000 rooms. The company awarded 35 new construction projects for ECHO Suites, bringing the total since launch to 205. Financially, the net income was $67 million with diluted EPS at $0.77. The company returned $87 million to shareholders through buybacks and dividends. Wyndham raised its full-year 2023 outlook, reflecting confidence in continued growth.

This aligns with a projected 2-4% growth in rooms and 4-6% growth in global RevPAR for the year. The solid cash flow positions the company well as it navigates the market.

Travel + Leisure Co. (NYSE:TNL) reported a strong first quarter for 2023, with a net income of $64 million and $879 million in net revenue, marking a 9% year-over-year increase. Adjusted EBITDA reached $184 million, contributing to a 29% increase in adjusted EPS to $0.89. The company has raised its full-year adjusted EBITDA guidance to $925-$945 million, driven by robust consumer travel demand. Vacation Ownership revenue increased 12% to $685 million, with gross VOI sales up $75 million due to more tours conducted. However, Travel and Membership revenue was flat at $200 million, with adjusted EBITDA declining by 13%. The company maintained a leverage ratio of 3.7x and repurchased 2.5 million shares for $102 million.

Wyndham Hotels & Resorts has expanded its Manufacturer Direct program to include Ramada and Microtel franchisees, in addition to Days Inn. This initiative allows hotels to save an average of 20% on renovation costs compared to traditional methods. The program aims to enhance owner engagement and transparency, enabling franchisees to manage renovations directly, potentially saving up to $50,000 on a 90-room Days Inn update.

New room designs are available, with costs ranging from $2,400 for the Days Inn Dawn package to $2,800 for the Microtel Moda package. The program has been beneficial, with hundreds of hotels participating. Wyndham plans to further extend the program to AmericInn franchisees later this year.

Wyndham Hotels & Resorts (NYSE: WH) has signed a multi-season partnership with Minor League Baseball (MiLB), becoming the Official Hotel Partner and bringing its Wyndham Rewards program into 120 ballparks. This deal aims to enhance hotel stays and provide unique experiences for rewards members, such as game tickets and behind-the-scenes access. Wyndham was drawn to MiLB due to its popularity and alignment with their guest demographics. As part of the initiative, Wyndham will have a significant presence at over 8,000 MiLB games, further increasing brand visibility and travel convenience for fans and franchisees.

Wyndham Hotels & Resorts (NYSE: WH) will report its first quarter 2023 results on April 26, 2023 at approximately 4:30 p.m. ET. A conference call with investors will follow on April 27, 2023, at 8:30 a.m. ET, hosted by CEO Geoffrey A. Ballotti and CFO Michele Allen to discuss results and business outlook. The conference can be accessed via the company's website or by calling 800 267-6316. Wyndham is the largest hotel franchising company globally, boasting around 9,100 hotels across over 95 countries, with about 843,000 rooms, appealing primarily to midscale and economy travelers.