Welcome to our dedicated page for Wyndham Hotels & Resorts news (Ticker: WH), a resource for investors and traders seeking the latest updates and insights on Wyndham Hotels & Resorts stock.
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.
Lowe's has partnered with Wyndham Hotels to provide stranded travelers a cozy holiday experience on one of the busiest travel days, Nov. 23. This initiative, called the Holiday Home Layover, will offer 50 specially decorated hotel rooms equipped with Lowe's products at five airports across the U.S. Customers can also shop these festive products online. This collaboration aims to ease the stress of travel disruptions by creating a warm atmosphere for those unable to reach home during the holidays. For more information, visit LowesHomeLayover.com.
Wyndham Hotels & Resorts announced the launch of ECHO Suites Extended Stay, its 24th brand and fastest-growing segment, with 120 hotels in its pipeline as of September 30. The brand is expected to excel in the budget-friendly, extended-stay market, breaking ground on its second and third hotels in Virginia. Designed for cost efficiency, ECHO Suites aims to deliver a superior guest experience, appealing to long-term travelers. The company anticipates the first ECHO Suites hotels to open in 2023, reinforcing its position as a leader in the economy and midscale lodging segments.
Wyndham Hotels & Resorts (NYSE: WH) declared a quarterly cash dividend of $0.32 per share, payable on December 28, 2022, to shareholders recorded by December 14, 2022. The company operates approximately 9,100 hotels across over 95 countries and is the largest hotel franchising firm globally. Its Wyndham Rewards loyalty program boasts over 97 million members. This dividend declaration reflects the company's commitment to returning value to shareholders as it navigates the recovery phase from the impacts of COVID-19.
Wyndham Hotels & Resorts (WH) has reported strong third-quarter results for 2022, raising its full-year outlook. Global RevPAR increased by 12% year-over-year, with U.S. RevPAR at 110% of 2019 levels. The company grew system-wide rooms by 4% and expanded its development pipeline by 10% to 212,000 rooms. Adjusted EBITDA reached $191 million, reflecting a 4% increase. Despite a decline in hotel management revenues, net income was $101 million. The board authorized an additional $400 million for share repurchases, showing confidence in future growth and shareholder returns.
Ramada by Wyndham is launching a global search for its first-ever Chief Eats Officer (CEO), offering a unique opportunity for a foodie to explore international cuisines. This new role involves traveling to eight countries over three weeks, documenting culinary experiences for the brand's social media. The selected candidate will receive a $10,000 payday, a $150 daily travel stipend, and paid accommodations. Applications are open until November 14, 2022, with the winner announced around December 19, 2022.
Wyndham Hotels & Resorts has been recognized as a top employer, receiving notable accolades including the Top 100 Most Loved Workplaces by Newsweek and World's Best Employers by Forbes. The company emphasizes inclusivity and flexibility, offering comprehensive benefits and professional development opportunities to its employees. This recognition marks the second consecutive year on Newsweek's list and the third year as one of New Jersey's Best Places to Work. Wyndham operates approximately 9,000 hotels globally and offers a popular Wyndham Rewards loyalty program with over 95 million members.
Wyndham Hotels & Resorts has announced the promotions of Shilpan Patel to executive vice president of North America Franchise Operations and Gustavo Viescas to president of the LATAMC region. With nearly 45 years of combined experience, both executives will focus on enhancing franchise operations and driving success for hotel owners. Shilpan will manage various operational aspects across North America, while Gustavo will oversee approximately 250 hotels in Latin America, aiming to grow the region further. This reflects Wyndham's commitment to leveraging internal talent.
Wyndham Hotels & Resorts announced the global expansion of The Meetings Collection, now featuring over 160 hotels across the Americas, Asia, Europe, the Middle East, and Africa. This initiative aims to support planners in organizing multi-meeting events, offering benefits like multi-meeting discounts of up to 5% off total value, enhanced flexibility with 30% attrition, and double Wyndham Rewards points. The expansion is timely, coinciding with the recovery of group travel and enhanced meeting opportunities in sought-after destinations.
Wyndham Hotels & Resorts (NYSE: WH) will report its third quarter 2022 earnings on October 25, 2022, at approximately 4:30 p.m. ET. CEO Geoffrey A. Ballotti and CFO Michele Allen will host a conference call on October 26, 2022, at 8:30 a.m. ET to discuss the company's results and outlook. Investors can listen live via the company's website. Wyndham is the largest hotel franchising company, with about 9,000 hotels globally. The company operates 23 brands and has a loyalty program with over 95 million members.
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