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 (NYSE: WH) has launched the first dual-brand hotel concept featuring La Quinta and Hawthorn Suites in Pflugerville, Texas, enhancing extended-stay options with a combined 103 rooms. This innovative pairing aims to attract both long-term and transient guests while simplifying operational costs. The new property contributes to Wyndham's development pipeline, which now includes over 1,500 hotels nationwide. This dual-brand model showcases modern amenities, shared spaces, and a focus on providing exceptional guest experiences.
Wyndham Hotels & Resorts has launched the Road Trip Planner, a new feature in its mobile app aimed at facilitating easy planning and booking for travelers. With over 80% of U.S. travelers planning road trips, this first-of-its-kind tool allows users to create customizable itineraries, view multiple reservations, and pay using various methods, including rewards points. The initiative aims to streamline the travel experience, catering to diverse traveler needs while enhancing direct bookings for hotel owners, thereby improving overall business value.
Wyndham Hotels & Resorts (NYSE: WH) has declared a quarterly cash dividend of $0.32 per share on its common stock. This dividend is payable on June 29, 2022, to shareholders who are on record by June 15, 2022. As the world’s largest hotel franchising company, Wyndham operates over 8,900 hotels across more than 95 countries, with a focus on economy and midscale segments. The company offers a loyalty program with approximately 94 million members, further enhancing its market presence.
Tishman Realty and Cross Lake Partners have acquired the Wyndham Grand Orlando Bonnet Creek, a 400-room hotel located near Walt Disney World, from Wyndham Hotels & Resorts (NYSE: WH) for an undisclosed amount. HEI Hotels & Resorts will manage the hotel, enhancing its operational performance. The acquisition aligns with Tishman's long-term strategy in Orlando, boosting their hotel count to over 4,100 rooms. The Orlando market is poised for recovery post-pandemic, benefiting from increased tourist demand and infrastructure investments.
Wyndham Hotels & Resorts (WH) reported strong Q1 2022 results, with Global RevPAR rising 39% year-over-year in constant currency. Diluted EPS increased to $1.14 from $0.26, and net income soared to $106 million compared to $24 million a year prior. The company's development pipeline expanded by 9%, reaching 204,000 rooms, and free cash flow reached $125 million. Notably, Wyndham exited its select-service management business, bolstering its financial position. The outlook for 2022 remains stable, with RevPAR growth projected at 12%-16% and adjusted EBITDA around $605-$625 million.
Wyndham Hotels & Resorts (NYSE: WH) has released a consumer study indicating high demand for all-inclusive resorts, with 75% of travelers favoring all-inclusive trips. The brand launched Wyndham Alltra to meet this demand, featuring the family-friendly Wyndham Alltra Cancun and adults-only Wyndham Alltra Playa del Carmen in Mexico. With a strategic alliance with Playa Hotels & Resorts, Wyndham aims to offer affordable, upscale vacation experiences. The study also noted that 65% plan working vacations, with beaches and Mexico as top choices.
On April 11, 2022, Baymont by Wyndham initiated a nationwide search for the best pup-friendly travel tips to celebrate National Pet Day. The initiative invites pet parents to submit their tips, with 10 winners receiving a complimentary hotel stay and a year-long Wyndham Rewards Diamond membership. This move aims to ease travel experiences for first-time pet owners, as over 23 million households adopted pets during the pandemic. The selected tips will be featured in a travel planner set to launch later this year, demonstrating Baymont's commitment to pet-friendly hospitality.
Wyndham Hotels & Resorts (NYSE: WH) will report its first quarter 2022 earnings on April 26, 2022, at approximately 4:30 p.m. ET. A conference call hosted by CEO Geoffrey A. Ballotti and CFO Michele Allen will take place on April 27, 2022, at 8:30 a.m. ET, where they will discuss the financial results and business outlook. Investors can access the live webcast on the company's investor website. Wyndham operates around 9,000 hotels globally and offers a comprehensive loyalty program with over 92 million members.
Wyndham Hotels & Resorts has announced the opening of La Quinta Inn & Suites Santa Cruz, California, expanding its La Quinta portfolio to over 920 hotels. This new location, featuring 60 guestrooms, is strategically positioned near the Santa Cruz beach and boardwalk. The La Quinta brand continues to grow with around 180 hotels in the development pipeline across major U.S. cities. This development highlights Wyndham's strong interest from developers and solidifies its position in the economy and midscale segments.
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