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 Rewards is the title sponsor of the 83rd Wyndham Championship, offering fans a chance to win over 100 million Wyndham Rewards points. Fans attending the event can earn points through various interactive activities, and those watching from home can participate in a contest for a chance to win one million points. Participants must be members of the free Wyndham Rewards program. The tournament also features charitable initiatives, including donations for golfers' achievements. The event runs through August 7, 2022, at Sedgefield Country Club in Greensboro, N.C.
Wyndham Hotels & Resorts announced the addition of Greensboro's Grandover Resort & Spa to its Wyndham Grand brand portfolio. The resort, set on 1,600 wooded acres, features 244 rooms, two championship golf courses, and is recognized as a top destination in North Carolina. It will join Wyndham Rewards, allowing guests to earn points on stays. This partnership enhances Wyndham's presence in luxury hospitality and targets the thriving golf tourism market, especially during the Wyndham Championship event.
Wyndham Hotels & Resorts (NYSE: WH) reported a strong Q2 2022, with global RevPAR up 23% year-over-year. Hotel franchising revenues grew 18% to $335 million, while adjusted EBITDA increased 4% to $175 million. The company raised its full-year 2022 outlook, forecasting adjusted EBITDA of $611 - $631 million. The development pipeline grew by 9% to 208,000 rooms, with 187 new contracts signed. However, hotel management revenues fell 59% due to the sale of owned hotels. The company returned $171 million to shareholders through buybacks and dividends.
Wyndham Hotels & Resorts has formed a strategic alliance with Palladium Hotel Group, enhancing its Registry Collection with over 6,500 rooms across 14 all-inclusive resorts. This collaboration extends Wyndham's reach into luxury hospitality in key Caribbean destinations including Mexico, the Dominican Republic, Jamaica, and Brazil, now totaling 26 all-inclusive hotels. The partnership aims to leverage Wyndham's distribution network and Palladium's expertise in the all-inclusive sector, enhancing guest experiences and loyalty program benefits with Wyndham Rewards.
AmericInn by Wyndham has launched a search for a travel-ready family to explore the best Midwest state fairs this summer. The selected family will visit at least three fairs, capturing their experiences on social media. The role includes a $15,000 payment, consisting of a $10,000 travel stipend and $5,000 cash, along with a Wyndham Rewards Diamond membership. Applications are open until August 3, 2022, with winners announced the following week. This initiative aims to connect families with iconic summer traditions while promoting the brand's hospitality.
Wyndham Hotels & Resorts launched BOLD by Wyndham, a program aimed at supporting Black entrepreneurs in hotel ownership. The initiative addresses development challenges unique to the Black community, leveraging Wyndham's resources for greater access to capital and operational support. The inaugural member, Vaughn Irons, revealed plans for a 110-room TRYP by Wyndham hotel in Stonecrest, Atlanta. The program seeks to increase the representation of Black hotel owners, who currently account for less than 2% of the industry, despite high interest in entrepreneurship among Black Americans.
Wyndham Hotels & Resorts (NYSE: WH) will report its second quarter 2022 earnings on July 26, 2022, at approximately 4:30 p.m. ET. A conference call, hosted by CEO Geoffrey A. Ballotti and CFO Michele Allen, is scheduled for July 27, 2022, at 8:30 a.m. ET, to discuss the results and future outlook. Wyndham is the largest hotel franchising company globally, with over 8,900 hotels across 95 countries.
Wyndham Hotels & Resorts introduces RevIQ, a cloud-based revenue management system designed for franchisees to enhance revenue strategies and market share. Developed in collaboration with IDeaS, RevIQ empowers hoteliers with real-time data, automatic pricing recommendations, and a user-friendly interface. The platform prioritizes owner control, flexibility, and simplicity, enabling franchisees to optimize pricing based on market insights. RevIQ is available now for those using the Sabre SynXis Property Hub, with plans for broader adoption by 2024.
On June 21, 2022, Days Inn by Wyndham announced the launch of a limited-edition 'Complimentary Pillow' that delivers uplifting compliments at the push of a button. Voiced by Patrick Warburton, the pillow aims to enhance guests' experiences and foster a positive atmosphere during stays. It will be available at select locations in the U.S. until July 30, 2022, with five pillows per hotel offered on a first-come, first-served basis. This initiative aligns with Days Inn's commitment to guest satisfaction, celebrating over 50 years in the hospitality industry.
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