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 officially opened the 120th La Quinta hotel in Selma, NC, featuring the modern Del Sol prototype. With over 8,900 hotels globally, Wyndham is expanding its La Quinta portfolio, which now includes 175 hotels in development across key U.S. markets and international locations such as the Dominican Republic and China. The La Quinta brand has shown strong performance during the pandemic, evidenced by a 490 basis point increase in RevPAR Index. Wyndham's strategy includes enhancing developer interest through contemporary designs and increased brand presence.
Travelodge by Wyndham announced a $25,000 challenge grant to the National Parks Conservation Association (NPCA) as part of its commitment to national parks. This initiative aims to raise a total of $50,000 through donations, reflecting increased visitation to parks post-pandemic, which saw over 237 million visitors last year. The grant underscores Travelodge's ongoing partnership with NPCA, having donated over $750,000 since 2016. The donation deadline is April 25, 2021, inviting travelers to contribute at www.travelodge.com/npca.
Wyndham Hotels & Resorts announced its continued growth in the Asia Pacific region, having successfully opened over 125 hotels and signed 140 new properties in 2020. The company anticipates a further 40% increase in openings in 2021, aiming to reach 2,000 hotels in the region within three years. Key markets include Greater China, Vietnam, Thailand, and South Korea, where multiple new hotels are expected to open this year. Wyndham remains focused on leveraging strong partnerships with owners to capitalize on pent-up travel demand as restrictions ease.
Wyndham Hotels & Resorts announced the appointment of Marcus Banks, Senior Vice President of Litigation and Employment Law, to the Board of Directors of the International Franchise Association (IFA). This decision is part of a strategic move to bolster leadership with seasoned professionals as the franchise community rebounds from the global pandemic. Banks brings extensive legal and industry experience to the board, enhancing its ability to advocate for the franchise sector. Wyndham, as the world’s largest hotel franchiser, operates over 8,900 hotels across 95 countries, serving a market with significant economic impact.
Wyndham Hotels & Resorts has opened the Turtle Island Beach Resort, part of the Trademark Collection, in Belize, marking the third Wyndham hotel in the country. This beachfront resort features eight beach houses and five villas, all offering stunning views and luxury amenities. With this addition, Trademark Collection continues to expand globally, currently comprising approximately 115 hotels in various countries. The resort aims to enhance the travel experience with unique accommodations and activities like kayaking and snorkeling.
Wyndham Hotels & Resorts, the largest hotel franchising company globally, announced robust growth in the EMEA region despite the challenges faced in 2020. The company signed 38 new hotels in the region and opened notable locations, including multiple Ramada by Wyndham hotels across Europe and the debut of La Quinta in Dubai. Looking ahead, Wyndham plans to launch over 20 new hotels in 2021, contributing to a development pipeline of 16,000 rooms. The brand's resilience and commitment to partners and guests are underscored by the expansion across various markets, including Cyprus and the UAE.
Wyndham Hotels & Resorts (NYSE: WH) announced it will redeem $500 million of its 5.375% senior notes on April 15, 2021, at a redemption price of 102.688% plus accrued interest. This action is expected to reduce annual cash interest expenses by approximately $27 million and return the company to pre-pandemic debt levels. The company primarily plans to use existing cash for this redemption, extending the maturity of $500 million by about 2.5 years while lowering interest rates by 100 basis points.
On March 31, 2021, Super 8 by Wyndham launched the reimagined #JourneySafe campaign featuring actor Oliver Hudson. The campaign emphasizes safe travel and the importance of health protocols as more travelers plan trips. A recent study indicates that 90% of Americans have travel plans within six months. Super 8 is implementing enhanced safety measures and flexible booking policies. The campaign includes a digital presence and offers guests the chance to earn free nights through Wyndham Rewards. The initiative reflects the evolving travel landscape post-COVID-19.
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