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 signed an exclusive development agreement with NILE Hospitality LLP to introduce its Microtel by Wyndham brand to India, marking the eighth Wyndham brand in the country. The partnership aims to open 40 Microtel hotels by 2031, targeting key Tier II, III, and IV cities. This strategic move aligns with India's infrastructure development and growing hospitality market.
Microtel by Wyndham, known for its efficiency and modern design, will debut in India with the first hotels opening in 2025. Each property will have a minimum of 50 keys and feature amenities tailored to regional needs. This expansion is part of Wyndham's robust growth strategy in India, where it currently has 60 hotels and expects 25% growth in the next 18 months.
The agreement leverages Wyndham's global presence and NILE's regional expertise to tap into India's expanding economy lodging segment. Franchisees will benefit from the Wyndham Advantage, including access to innovative technology and the Wyndham Rewards program with approximately 110 million enrolled members.
Wyndham Hotels & Resorts has launched Accelerator Circle, a new initiative to enhance its BOLD (Black Owners and Lodging Developers) and Women Own the Room programs. This initiative provides exclusive access to Wyndham's network of existing owners and industry experts through quarterly, small-group virtual meetups. The Accelerator Circle aims to fast-track hotel openings and maximize performance for diverse hoteliers.
The BOLD and Women Own the Room programs have already resulted in over 90 hotel deals with Black and women hoteliers, with more than 20 hotels now open. The Accelerator Circle will focus on topics such as securing financing, hotel renovations, development, and operations. The first session will be led by WaterWalk CEO Mimi Oliver, discussing how to optimize relationships with franchisors.
BGL Real Estate Advisors has successfully completed the brand conversion and financial restructuring of three new Wyndham hotels, totaling 397 keys, for owners Ceres Enterprises and The Orlean Company. The properties include the 113-key Wyndham Avon (OH), 132-key Wyndham Noblesville (IN), and 152-key Wyndham Westfield (IN). BGL's team advised on the conversion process, sourced fresh capital, and negotiated with lenders to optimize operations.
The restructuring involved retiring previous brand Mezzanine loans, negotiating CMBS loan payoffs, refinancing with a bridge loan, raising preferred equity, and modifying existing loans. Amit Sripathi, CDO of Wyndham Hotels & Resorts, emphasized the benefits of joining the Wyndham brand, including global marketing and access to Wyndham Rewards. David Crisafi, President of Ceres Enterprises, noted a significant boost in top and bottom lines after switching to the Wyndham flag.
Ramada by Wyndham is launching a search for a Chief Eats Officer (CEO) to embark on a global journey, exploring local cuisines and experiences across up to seven countries in three weeks. The selected candidate will receive a $15,000 compensation package, including a $10,000 travel stipend, $5,000 cash, and up to 21 nights of paid accommodations.
The CEO will visit Ramada hotels across multiple continents, capturing content to be showcased on the brand's website and social media channels. Potential destinations include cities in Asia, Europe, the Middle East, Africa, Latin America, the Caribbean, and North America.
To apply, candidates must post a public video on TikTok or email their submission, explaining why they are ideal for the role. The application deadline is October 22, 2024, and the winner will be selected around November 14, 2024. Applicants must be at least 21 years old, have a valid passport, and be available to travel between April 1, 2025, and June 30, 2025.
Wyndham Rewards has become the Proud Hotel Rewards Partner of Penn State Athletics through a multi-year sponsorship. This partnership offers exclusive access to special ticket packages for football and men's basketball, redeemable with Wyndham Rewards points starting at 35,000 points. Members can also redeem points for VIP experiences such as sideline passes and tunnel access.
The partnership includes Wyndham signage in Penn State facilities like Beaver Stadium and Bryce Jordan Center. With approximately 110 million enrolled members worldwide, Wyndham Rewards offers guaranteed 1,000 points with every qualified stay. Free nights start at 7,500 points per bedroom per night, while discounted nights start at 1,500 points.
Until October 21, 2024, members can get a 25% discount when buying 3,000+ Wyndham Rewards points, which can be used for Penn State football experiences and free nights at hotels worldwide.
Wyndham Hotels & Resorts (NYSE: WH) has announced it will report its third quarter 2024 earnings on Wednesday, October 23, 2024 at approximately 4:30 p.m. ET. The company will host a conference call and webcast for investors on October 24, 2024 at 8:30 a.m. ET to discuss the results and business outlook.
Investors can access the webcast through the company's website or join the conference call by phone. A telephone replay will be available for about ten days after the call. Wyndham Hotels & Resorts is the world's largest hotel franchising company by property count, with approximately 9,200 hotels across over 95 countries. The company operates a portfolio of 25 hotel brands and has a loyalty program with about 110 million enrolled members.
Super 8 by Wyndham has unveiled INNOV8TE 2.0, a new guestroom design package for its hotels in the U.S. and Canada. Starting at $1,850 per key, this upgrade combines stylish improvements with operational efficiency. Key features include:
- Sleek furniture with integrated appliances
- Vibrant accent pieces in Super 8's iconic colors
- Modern window treatments
- Durable flooring options
- Compact, easy-to-maintain seating
- Signature black-and-white headboard art
The design aims to enhance guest satisfaction while maximizing owner savings through efficient maintenance and durable materials. Owners can implement the upgrade all at once or gradually, with support available through Wyndham's Manufacturer Direct program or Procurement Service Providers.
Wyndham Hotels & Resorts has debuted its first Registry Collection Hotel in the United States with the newly renovated The Mining Exchange in Colorado Springs. The 128-room hotel, located in downtown Colorado Springs, offers guests a blend of rich history and modern luxuries. The Registry Collection Hotels portfolio, introduced in 2021, now includes over 20 world-class hotels globally with nearly 10 more in the pipeline.
The Mining Exchange features multiple culinary outlets, a full-service spa, and an on-site art gallery. Guests can earn double Wyndham Rewards points and receive a $25 nightly in-stay credit for bookings made by December 31, 2024, with stays completed by May 31, 2025. This addition marks a significant expansion for Wyndham's luxury brand in the U.S. market.
Wyndham Rewards has been ranked the top hotel rewards program by USA Today readers for the seventh consecutive year, while the Wyndham Rewards Earner® Card was named the best hotel credit card for the sixth consecutive year. The program, spanning over 60,000 hotels, vacation club resorts, and vacation rentals globally, was also recently recognized by U.S. News & World Report and NerdWallet.
With 110 million enrolled members worldwide, Wyndham Rewards offers a guaranteed 1,000 points with every qualified stay. Members can redeem points for free nights, starting at 7,500 points per room per night, or discounted nights from 1,500 points. The program's credit cards offer up to 8x earn on gas purchases and hotel stays, enhancing the rewards earned on everyday purchases.
Wyndham Hotels & Resorts (NYSE: WH) has declared a quarterly cash dividend of $0.38 per share on its common stock. The dividend is payable on September 27, 2024, to shareholders of record as of September 13, 2024. Wyndham is the world's largest hotel franchising company by property count, with approximately 9,200 hotels across over 95 countries on six continents. The company operates a portfolio of 25 hotel brands, including well-known names like Super 8, Days Inn, and Ramada. Wyndham's loyalty program, Wyndham Rewards, has about 110 million enrolled members who can redeem points at thousands of hotels, vacation club resorts, and vacation rentals globally.
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