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 announced the opening of its first La Quinta by Wyndham hotel in China, set to debut in late December in Weifang, Shandong province. This addition aligns with Wyndham's expansion strategy, bolstering its Asia Pacific portfolio of over 1,600 hotels. The La Quinta Weifang South offers modern amenities and extensive conference spaces, catering to both business and leisure travelers. The hotel aims to meet the growing demand for branded accommodations in emerging cities across China.
Wyndham Hotels & Resorts (NYSE: WH) has declared a quarterly cash dividend of $0.32 per share, bringing it back to its pre-pandemic level. This dividend, a 33% increase from the prior quarter's $0.24, will be paid on December 29, 2021, to shareholders on record as of December 15, 2021. This decision reflects the company's recovery momentum and commitment to returning value to shareholders.
Wyndham Hotels & Resorts (NYSE: WH) announced an agreement with Braun Hospitality for five new Microtel Inn & Suites by Wyndham hotels in Oregon. These properties will be located in strategic growth markets including Florence, Ashland, Salem, Bend, and Hood River. Microtel's innovative Moda prototype aims to improve brand offerings while optimizing costs and efficiency. This expansion aligns with Wyndham's strategy to enhance its portfolio, having around 300 Microtel hotels in the U.S. and more than 80 in the pipeline. The brand reported a strong RevPAR Index of 107% in 2020.
Wyndham Hotels & Resorts (NYSE: WH) has reached a definitive agreement with CorePoint Lodging for the termination of all remaining hotel management agreements, contingent on CPLG's upcoming merger. This termination, expected in Q1 2022, will result in Wyndham receiving approximately $84 million in termination fees. CEO Geoffrey A. Ballotti stated that this move allows Wyndham to exit the lower-margin management business and concentrate on its asset-light franchising operations, which are more profitable. Franchise agreements will remain unchanged.
Wyndham Hotels & Resorts (NYSE: WH) reported robust Q3 2021 results, with U.S. RevPAR 7% above pre-pandemic levels and 59% year-over-year growth. Diluted EPS increased to $1.09 from $0.29 in Q3 2020, with net income rising to $103 million from $27 million. Adjusted EBITDA reached $194 million, doubling from the prior year. The company announced a 33% dividend increase to pre-pandemic levels. Additionally, its development pipeline expanded, exceeding 1,450 hotels internationally, indicating strong growth momentum in the recovering travel sector.
Travel + Leisure Co. (NYSE:TNL) reported strong third quarter 2021 results, achieving a net income of $101 million, or $1.15 per diluted share, on revenues of $839 million. The company's adjusted EBITDA was $228 million, with adjusted diluted EPS of $1.19. Cash flow metrics were robust, with $435 million from operations and adjusted free cash flow of $128 million for the first nine months. The company raised its full-year adjusted EBITDA guidance to $740-$750 million and diluted EPS guidance to $3.35-$3.43. A fourth-quarter dividend of $0.35 per share is recommended, following a $1 billion credit facility renewal and a $350 million securitization.
La Quinta by Wyndham announces the launch of "Thankful for Mom", a virtual meetup series designed to support and connect moms facing increasing challenges due to the pandemic. Kicking off on November 3 and running through November 17, the series features experts sharing insights on managing family travel stress. A recent survey by La Quinta found that over 60% of vacation planning falls on moms, with 82% citing increased stress in planning family getaways. The series aims to alleviate these burdens, providing resources and community support for mothers.
Wyndham Rewards has been named the best hotel loyalty program for the fourth consecutive year in the USA TODAY 10Best Readers' Choice Awards. Additionally, the Wyndham Rewards Earner® Card has been recognized as the best travel and hotel co-branded credit card.
Wyndham Rewards, with over 89 million enrolled members, offers guaranteed 1,000 points per qualified stay, with free nights starting at just 7,500 points. The program has received high ratings from U.S. News & World Report and WalletHub earlier this year, further solidifying its market position.
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?
