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.
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.
Wyndham Hotels & Resorts has expanded its Wyndham Alltra brand by opening the Wyndham Alltra Riviera Nayarit in Nuevo Vallarta, Mexico. This addition follows the brand's previous launches in Cancun and Playa del Carmen, targeting the growing all-inclusive resort market. The new resort features 229 rooms with family-friendly amenities, including pools, dining options, and activities. A special opening rate starts at $179 per person per night for stays through December 2023. Wyndham aims to provide accessible all-inclusive travel experiences, enhancing partnerships with Playa Hotels & Resorts.
Wyndham Hotels & Resorts has announced that its new extended-stay brand, known as 'Project ECHO,' has surpassed its year-end goal by signing 100 hotels across the United States. This rapid growth, attributed to an efficient design that lowers operational costs, positions Project ECHO as Wyndham's fastest growing brand. Recent signings include 25 hotels in the Midwest by Holladay Properties and 10 hotels in South Florida and New Jersey by Gold Coast Premier Properties. The first Project ECHO hotel is set to open in 2023.
Wyndham Hotels & Resorts has launched a mobile tipping solution, in partnership with Béné, for its U.S. and Canadian franchisees, marking it as one of the first major hotel chains to adopt such technology. This digital platform allows guests to tip hotel staff conveniently via QR codes, enhancing the guest experience and encouraging digital payments. The initiative aligns with growing consumer preferences for cashless transactions, as 82% of Americans now opt for digital payments. The system is designed for easy implementation at virtually no cost to franchisees.
Wyndham Hotels & Resorts announced its acquisition of the Vienna House brand for €44 million, enhancing its upscale and midscale portfolio with around 40 hotels and over 6,000 rooms across Europe. This acquisition, the 23rd brand in Wyndham's collection, strengthens its position in Germany, adding 28 hotels and solidifying its presence in one of its largest European markets with 120 franchised hotels. The integration will enable Wyndham to utilize its marketing expertise to grow the brand further while allowing HR Group to concentrate on core operations. The new brand will be known as Vienna House by Wyndham.
Wyndham Hotels & Resorts has celebrated the groundbreaking of its new extended-stay brand in Plano, Texas, marking a significant milestone. The brand, currently referred to as 'Project ECHO', has 72 hotels in development. This new hotel will feature 124 rooms, designed for both leisure and business travelers, and is strategically located near Dallas. Anticipated to open in the second half of 2023, the project emphasizes cost-effectiveness and competitive space utilization. Wyndham's leadership highlights the surge in demand for extended-stay accommodations as a driving force behind this development.
Wyndham Hotels & Resorts (NYSE: WH) has declared a quarterly cash dividend of $0.32 per share on its common stock. This dividend will be payable on September 28, 2022 to shareholders of record as of September 14, 2022. Wyndham Hotels operates the world's largest hotel franchising business with approximately 9,000 hotels globally, targeting the economy and midscale segments. The company’s loyalty program boasts over 95 million enrolled members, enhancing customer engagement and incentivizing repeat business.
Wyndham Hotels & Resorts has announced the opening of the Wyndham Grand Cancun All-Inclusive Resort & Villas, the first of its kind in Mexico. Located in Cancun's Hotel Zone, the resort will open on November 1, 2022, and is already accepting reservations. This development expands the company's portfolio to over 65 hotels in Mexico, enhancing its presence in the region. The resort will feature 364 guest rooms, multiple dining options, pools, and recreational activities, and will also join the Wyndham Rewards loyalty program.
FAQ
What is the current stock price of Wyndham Hotels & Resorts (WH)?
What is the market cap of Wyndham Hotels & Resorts (WH)?
What is Wyndham Hotels & Resorts known for?
What brands are included in Wyndham's portfolio?
How can I join Wyndham Rewards?
Where is Wyndham Hotels & Resorts headquartered?
What recent developments have been announced by Wyndham Hotels & Resorts?
What is Wyndham's approach to loyalty and rewards?
What is the focus of Project HQ Hotels & Residences?
How does Wyndham support its franchisees?
What is the scale of Wyndham's operations globally?
What is the significance of the Wyndham and Decameron partnership?
