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 (NYSE: WH) is presenting at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum today at 10:15 a.m. ET. CEO Geoffrey A. Ballotti and CFO Michele Allen will represent the company. Investors can access a live audio webcast on the company's investor relations website, which will also host a replay for 30 days thereafter. Wyndham is the largest hotel franchising company globally with over 8,900 hotels, and 796,000 rooms across nearly 95 countries, showcasing a strong presence in the economy and midscale lodging sectors.
Wyndham Hotels & Resorts (NYSE: WH) announced that CEO Geoffrey A. Ballotti and CFO Michele Allen will present at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on March 11, 2021, at 10:15 a.m. ET.
A live audio webcast of the presentation will be available on the company's investor relations website, with a replay accessible for 30 days.
Wyndham is the largest hotel franchising company globally, with over 8,900 hotels and approximately 796,000 rooms across nearly 95 countries.
Wyndham Hotels & Resorts (NYSE: WH) has declared a quarterly cash dividend of $0.16 per share, a 100% increase from the previous $0.08 dividend paid in 2020. The dividend is payable on March 31, 2021, to shareholders of record as of March 17, 2021. Wyndham, the world's largest hotel franchising company with over 8,900 properties, continues to demonstrate its commitment to shareholder returns amid ongoing industry challenges.
Wyndham Hotels & Resorts announces the launch of its La Quinta by Wyndham brand in the Middle East with a new 100-room hotel in Dubai, set to open in March 2021. This location marks the 75th La Quinta property since its acquisition in 2018. The hotel will be situated in Bur Dubai, near major attractions and business hubs. It will feature modern guest amenities, including an outdoor pool, spa, fitness center, and meeting space. Wyndham continues to expand globally, with La Quinta now present in nine countries and plans for eight more hotels in the Dominican Republic.
Wyndham Hotels & Resorts has opened its first hotel in Cambodia, the Howard Johnson Plaza by Wyndham Blue Bay Sihanoukville, marking a milestone in its expansion in Southeast Asia. The 522-key upscale hotel features luxurious amenities, including a spa, fitness center, and multiple dining options, situated at Independence Beach. Wyndham aims to leverage its robust pipeline for further growth, anticipating over 100 new openings in Southeast Asia within the next 3-5 years, enhancing its brand presence and value for Wyndham Rewards members.
Wyndham Hotels & Resorts (NYSE: WH) reported Q4 2020 results showing a diluted loss per share of $0.08 and a net loss of $7 million. Full-year losses reached $132 million, with adjusted net income of $96 million. Global RevPAR declined 33% for Q4 and 35% for the year. Revenues fell from $492 million in Q4 2019 to $296 million in Q4 2020, primarily due to COVID-19 impacts. The company has a cash balance of $493 million and increased its quarterly dividend by 100% to $0.16, highlighting strong adjusted EBITDA and free cash flow despite challenges.
Wyndham Hotels & Resorts announced that its Wyndham Rewards® Earner Cards received multiple accolades in Forbes Advisor's "Best of 2021" lists. The Wyndham Rewards Earner Business Card was highlighted as "Best for Road Warriors" in two categories, while the no-annual-fee Wyndham Rewards Earner Card earned recognition as "Best for Road Trips." The Business Card offers 8 points per $1 on gas and hotel stays, and the no-annual-fee card offers 5 points. The company emphasizes its commitment to guest safety and flexible policies as travel resumes.
Wyndham Hotels & Resorts has partnered with Rover to offer U.S. guests $30 off their first Rover pet service when booking a stay at any By Wyndham hotel. This collaboration responds to the increasing trend of dog adoptions during the COVID-19 pandemic, with polls indicating nearly half of recent pet owners acquired dogs during this time. The partnership aims to ease travel for pet parents by providing affordable pet care solutions, enhancing the experience for those traveling with or without their pets.
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