Wyndham Hotels & Resorts, Inc. - WH STOCK NEWS

Wyndham Hotels & Resorts (NYSE: WH) declared a quarterly cash dividend of $0.24 per share, marking a 50% increase from the previous $0.16 per share. The dividend is payable on September 29, 2021, to shareholders of record as of September 15, 2021. This strategic move reflects the company's commitment to returning value to its investors amid the ongoing recovery from the COVID-19 pandemic.

Amazon Web Services (AWS) has partnered with Wyndham Hotels & Resorts (NYSE: WH) to enhance its technology infrastructure and improve guest services across its 21 brands. The collaboration aims to reduce operating costs by 45% and transition 90% of Wyndham’s infrastructure to the cloud. AWS’s machine learning will optimize pricing for over 9,000 hotels, enhancing occupancy rates. Wyndham has previously utilized AWS technologies for operational flexibility during COVID-19, launching applications to support franchisees and improve guest experiences, thus positioning itself for growth in the post-pandemic environment.

The 82nd Annual Wyndham Championship, sponsored by Wyndham Rewards, returns to Sedgefield Country Club, welcoming fans for the first time since 2019. The event features a total of 100 million Wyndham Rewards points available for attendees, with opportunities to earn up to 15,000 points each. Interactive experiences include a digital scavenger hunt and a watch-and-win game for at-home fans to earn points. Wyndham Rewards, recognized as the top hotel rewards program, now has 89 million members. The tournament runs from August 11 to August 15, aiming to create a positive community impact.

Wyndham Hotels & Resorts launched the "Women Own the Room" program to empower female entrepreneurs in hotel ownership. This initiative aims to address barriers women face in hotel development, offering tailored financial solutions, operational guidance, and a supportive community. Starting this fall, Wyndham will host events covering site selection, financing tips, and success stories from female developers. The program also includes a development incentive to provide financing and operational support for women-led hotels, reinforcing Wyndham's commitment to diversity and inclusion.

Wyndham Hotels & Resorts announced the launch of its Microtel Lift Incentive Program, committing over $40 million for hotel renovations over the next three years. This program, designed for Microtel franchisees in the U.S., offers forgivable funding of up to $2,000 per room to support renovations that reflect the brand's new Moda design prototype. This investment follows the successful LQUp Incentive Program for La Quinta, aiming to enhance guest experiences and franchisee success.

Wyndham Hotels & Resorts (NYSE: WH) reported its Q2 2021 results, showing significant recovery from the pandemic. Diluted EPS reached $0.73, up from a loss of $1.86 in Q2 2020, with adjusted EPS at $0.95. Net income surged to $68 million, compared to a net loss of $174 million last year. Adjusted EBITDA increased to $168 million, reflecting a 155% rise. The company also saw a 67% increase in fee-related revenues. A 50% dividend increase to $0.24 per share was approved, signaling strong cash flow with $104 million in free cash flow generated. RevPAR increased 110% over 2020 but declined 17% compared to 2019.

Wyndham Hotels & Resorts has opened the La Quinta Inn & Suites by Wyndham Nashville Downtown/Stadium, featuring the new Del Sol prototype. The hotel includes 205 guest rooms, event space, and modern amenities aimed at both business and leisure travelers. Wyndham's La Quinta brand is experiencing growth, with 175 hotels in the development pipeline, including locations in Austin, Brooklyn, and Denver. The brand reported a 490 basis point increase in RevPAR Index in 2020, reflecting strong market performance.

Wyndham Hotels & Resorts has announced the opening of the H2 Hotel Budapest, the first Trademark Collection property in Hungary. This addition expands Wyndham's presence in Europe and enhances its portfolio in the region. The hotel features 157 rooms and is strategically located near key attractions in Budapest. This development aligns with Wyndham's growth strategy for the Trademark Collection brand, which now encompasses 115 hotels worldwide. The collaboration with H-Hotels.com is pivotal for this expansion, highlighting Wyndham's commitment to unique hospitality experiences.

Wyndham Hotels & Resorts (NYSE: WH) will report its second quarter 2021 financial results on July 28, 2021, at approximately 4:30 p.m. ET. A conference call featuring CEO Geoffrey A. Ballotti and CFO Michele Allen is scheduled for July 29, 2021, at 8:30 a.m. ET to discuss the results and explore the company's business outlook. Investors can access the call through the company's website or by calling 877-876-9173. Wyndham, the largest hotel franchising company with over 8,900 hotels worldwide, emphasizes its growth and expansion in the economy and midscale segments.