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 launched its economy extended-stay hotel brand, Project ECHO, aimed at enhancing owner return on investment with efficient prototypes. The company signed contracts for 50 new hotels, partnering with Sandpiper Hospitality and Gulf Coast Hotel Management. The brand targets a growing segment that saw 2021 U.S. occupancy rates surpassing 78%. Project ECHO is expected to open its first hotel in 2023, with plans for 300 hotels over the next decade across the U.S.
Wyndham Hotels & Resorts (NYSE: WH) declared a quarterly cash dividend of $0.32 per share, payable on March 31, 2022, to shareholders of record as of March 21, 2022. As the largest hotel franchising company globally, Wyndham operates around 9,000 hotels, emphasizing its strong presence in the economy and midscale lodging segments. Its Wyndham Rewards loyalty program has over 92 million enrolled members.
Wyndham Hotels & Resorts has announced the addition of two new women hoteliers as part of its "Women Own the Room" initiative, which aims to support women in the male-dominated hotel industry. The program provides financial solutions, operational support, and networking opportunities. New members include Hetal Christian, who opened a Wyndham Garden hotel in Dover, Del., and Neha Jadhav, who will launch a dual-branded La Quinta and Hawthorn Suites in Warrenton, Va. This initiative emphasizes Wyndham's commitment to increasing female representation in hotel ownership.
Wyndham Hotels & Resorts, the largest hotel franchising company globally, continues its expansion across Europe, the Middle East, Eurasia, and Africa (EMEA). In 2021, the company signed nearly 70 new hotels and anticipates further openings in 2022, enhancing its footprint in key markets. New hotel launches include 12 resorts in Europe and expansions in Turkey, Dubai, and India. The company is also introducing several brands to new locations, including its first entries into Poland and Greece. The growth reflects Wyndham's commitment to its hotel partners amidst industry challenges.
Wyndham Hotels & Resorts (NYSE: WH) reported strong financial results for Q4 and full-year 2021. U.S. RevPAR increased 9% from 2019, with a full-year net income of $244 million or $2.60 per share, compared to a loss of $132 million in 2020. Adjusted EBITDA reached $590 million, up 76% year-over-year. The company generated $426 million in net cash from operations and announced a new dividend of $0.32 per share. For 2022, Wyndham projects RevPAR growth of 12% to 16% and adjusted EBITDA between $605 million and $625 million, reflecting its recovery and growth strategy.
On January 25, 2022, Wyndham Hotels & Resorts (NYSE: WH) launched its "Women Own the Room" program, welcoming its first member, Trusha Patel, CEO of Platinum Holdings. This initiative aims to empower women in hotel ownership, addressing gender disparities in the industry where women comprise only 10% of hotel development roles. Patel is set to develop dual-branded La Quinta and Hawthorn Suites hotels in Austin and Georgetown, Texas, totaling 125 guestrooms. The program offers financial support, operational guidance, and networking opportunities to foster women's entrepreneurship in hospitality.
Wyndham Hotels & Resorts expands its global presence by entering Poland with the opening of the upscale Wyndham Wroclaw Old Town. The 205-room hotel, managed by Mogotel Hotel Group, is set to launch in February 2022 in Wroclaw's city center. This strategic location provides access to tourist attractions and business facilities, including 11 meeting rooms for over 400 attendees. With a growing portfolio of over 350 hotels in Europe, Wyndham sees Poland as a market with significant development potential and diverse travel opportunities.
Wyndham Hotels & Resorts (NYSE: WH) has partnered with Ceres Development to launch three new hotels in Indiana and Ohio, enhancing its market presence. This expansion aligns with Wyndham's robust conversion growth, achieving a 100% increase in domestic conversions compared to Q3 2019. The new properties include the Wyndham Noblesville and Wyndham Westfield in Indiana, and the Wyndham Avon in Ohio, designed for both business and leisure travelers. The hotels offer modern amenities, meeting spaces, and convenient access to local attractions, signaling Wyndham's commitment to growth in key midwestern markets.
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