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Wyndham Hotels & Resorts, Inc. (NYSE: WH) is the world's largest hotel franchising company, renowned for its expansive portfolio of approximately 9,200 hotels across over 95 countries. Headquartered in Parsippany, New Jersey, Wyndham is a global leader with a commanding presence in the economy and midscale segments of the hospitality industry. The company's network includes more than 876,000 rooms designed to cater to the needs of the everyday traveler.
Wyndham's impressive collection of 25 brands features household names such as Super 8®, Days Inn®, Ramada®, Microtel®, Baymont®, and Wingate®. The company's flagship brand, Wyndham Hotels and Resorts®, represents the upper-upscale segment, while other well-known brands like La Quinta®, AmericInn®, Hawthorn Suites®, Trademark Collection®, and more offer diverse lodging choices tailored to various customer preferences.
Wyndham's business model extends beyond traditional hotel franchising to include comprehensive hotel management services. The company employs over 9,000 associates worldwide, with offices in strategic locations such as London, Shanghai, and Dubai. This extensive network allows Wyndham to deliver exceptional customer service and great value to its guests and franchisees.
Wyndham Rewards®, the company's award-winning loyalty program, boasts approximately 108 million enrolled members. This program provides members with the opportunity to earn and redeem points at thousands of hotels, vacation club resorts, and vacation rentals globally, making it a top choice for travelers seeking rewards and personalized perks.
Recent noteworthy developments include Wyndham's strategic alliance with Decameron All Inclusive Hotels & Resorts, significantly expanding its all-inclusive offerings to over 50 resorts worldwide. Additionally, the launch of Project HQ Hotels & Residences in partnership with Sam Nazarian aims to redefine luxury and lifestyle hospitality with upcoming locations in Montreux, Switzerland, and Detroit, Michigan.
Wyndham remains committed to innovation and growth, as evidenced by its continuous investment in technology and strategic acquisitions. The company's development pipeline reached a record 243,000 rooms in March 2024, reflecting robust interest from hotel owners and a strong balance sheet that supports significant shareholder returns through share repurchases and dividends.
By consistently delivering high-quality experiences and maintaining a focus on growth and innovation, Wyndham Hotels & Resorts continues to solidify its position as a leader in the global hospitality industry.
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
Wyndham Hotels & Resorts has announced the success of its inaugural 'Women Own the Room' program, which aims to empower women in hotel ownership. Launched in January 2022, the program has signed over 30 hotels across the U.S. and Canada, with 10 already open. The initiative addresses the gender gap in hotel leadership, where women hold less than 10% of development roles. It offers financial solutions, reduced franchise fees, and personalized support to participants. Notable projects include the upcoming Microtel by Wyndham in New Castle, CO. The program highlights Wyndham's commitment to diversity and aims to inspire more women to join the hospitality industry.
Wyndham Hotels & Resorts announced the rapid expansion of its ECHO Suites Extended Stay brand, achieving over 200 hotels in development within its first year. The brand caters to the booming extended-stay market, surpassing initial growth expectations. Recent infrastructure investments, including the $1.2 trillion Infrastructure and Jobs Act, are expected to boost demand for long-term accommodations, potentially generating $3.3 billion in additional room revenue and $150 million in royalties for Wyndham. The new 124-room prototype focuses on optimizing owner ROI through efficient design, making it an attractive option for developers.
Wyndham Hotels & Resorts announced a collaboration with Groups360 to integrate GroupSync™, enabling real-time multi-room bookings for event planners. This initiative, set for 2023, marks a first in the economy hotel segment, allowing planners to access live rates and availability instantly. Wyndham has invested over $100 million in technology over the past three years to enhance franchisee offerings. The GroupSync platform simplifies bookings for various events, saving time for planners. This innovative partnership aims to streamline the booking process across Wyndham's 9,100 properties worldwide.