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.
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.
Wyndham Hotels & Resorts (NYSE: WH) has launched a new all-inclusive resort brand, Wyndham Alltra, in partnership with Playa Hotels & Resorts (NYSE: PLYA). This marks Wyndham's 22nd brand, catering to the upper-midscale all-inclusive segment. The first resorts, Wyndham Alltra Cancun and Wyndham Alltra Playa del Carmen, are set to open post-renovation by December 2021. Wyndham aims to leverage its 89 million Wyndham Rewards members to enhance guest experiences and drive sales through this alliance, offering unique amenities and dining options.
Wyndham Hotels & Resorts (NYSE: WH) will announce its third quarter 2021 results on October 27, 2021 at approximately 4:30 p.m. ET. CEO Geoffrey A. Ballotti and CFO Michele Allen will discuss the results and business outlook in a conference call on October 28, 2021, at 8:30 a.m. ET. Investors can listen to the live webcast on the company's investor website. Wyndham, the largest hotel franchising company globally, operates about 9,000 hotels across 95 countries, providing a strong presence in the economy and midscale lodging segments.
Wyndham Hotels & Resorts has been recognized as one of the Best Places to Work in New Jersey for the second consecutive year by NJ Biz Magazine. This accolade highlights the company's commitment to a supportive work environment, driven by core values of integrity, inclusivity, and a focus on employee experiences. With roughly 9,000 hotels across 95 countries, Wyndham prioritizes social responsibility and employee well-being through various benefits, including paid volunteer time and career development opportunities.
Wyndham Hotels & Resorts continues to expand its footprint in China, announcing plans to open 20 new Microtel by Wyndham hotels by the end of 2022. This midscale brand, introduced to China in 2019, aims to enhance traveler experiences with modern amenities and efficient services. Key cities and emerging destinations will host the new hotels, including Huangshan and Changsha. The brand currently operates six locations in China, and this expansion reflects Wyndham's strong market presence and commitment to growth in the Asia Pacific region.
Wyndham Hotels & Resorts has launched its newest brand, Registry Collection Hotels, in Georgia with the opening of the ART Tbilisi in early 2023. This flagship 100-room property, located in Tbilisi's scenic Abanotubani district, aims to provide a unique luxury experience with modern amenities, including a rooftop wine bar and wellness facilities. Wyndham's portfolio in Georgia expands with this addition, leveraging the growing tourism sector, which contributes 18% to the country's GDP and is forecasted to increase tourism spending by 40% by 2025.
Wyndham Rewards® has been recognized as the number one hotel loyalty program by U.S. News & World Report for the sixth consecutive year. The program, which encompasses over 50,000 properties, has also received accolades from WalletHub and USA TODAY. With 89 million enrolled members, Wyndham Rewards offers guaranteed 1,000 points for every qualified stay, with free nights starting at just 7,500 points. This recognition highlights Wyndham's commitment to enriching the travel experience for everyday travelers, ensuring flexibility and value in rewards.
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