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) will announce its fourth quarter and full-year 2020 results on February 10, 2021, at approximately 5:00 p.m. ET. Following this, CEO Geoffrey A. Ballotti and CFO Michele Allen will host an investor call on February 11, 2021, at 8:30 a.m. ET to discuss the results and outlook. Wyndham operates around 9,000 hotels globally and has a leading presence in the economy and midscale segments of the lodging industry, with a loyalty program boasting 85 million members.
Wyndham Hotels & Resorts (NYSE: WH) announced the departure of Chief Administrative Officer Mary R. Falvey, effective March 1, 2021, after a 22-year career with the company. CEO Geoffrey A. Ballotti expressed gratitude for Falvey's contributions, highlighting her role in building the company's culture. The company also named Monica Melancon, formerly its human resource leader for managed hotel operations in North America, as the new Chief Human Resource Officer, effective the same day. Melancon has extensive experience, including a significant role at Target.
Wyndham Hotels & Resorts announced the opening of two new properties in Dubai, enhancing its presence in the UAE. The upscale Wyndham Dubai Deira features 290 rooms and suites, while the budget-friendly Super 8 by Wyndham Dubai Deira marks the brand's debut in the UAE. Both hotels are part of the Deira Enrichment Project, aiming to cater to varying accommodation needs in the region. Wyndham now operates 16 hotels in the UAE and is set to open another property, Days Hotel by Wyndham Dubai Deira, in 2021.
Wyndham Hotels & Resorts is set to open the Wyndham Grand® Adelaide in 2024, marking its first venture into Australia. This landmark hotel will rise 120 meters in Adelaide's Central Business District and is estimated to cost AUD150 million. Featuring 347 rooms, the hotel will provide luxury facilities including a rooftop restaurant, an infinity pool, and a day spa. This development aligns with the ongoing investment surge in South Australia, enhancing Wyndham's portfolio in the region, which currently includes nearly 30 hotels across major cities.
Wyndham Hotels & Resorts (NYSE: WH) has declared a quarterly cash dividend of $0.08 per share, payable on December 30, 2020, to shareholders of record by December 15, 2020. This decision reiterates the company's commitment to returning value to shareholders amidst ongoing challenges in the hospitality industry.
Operating approximately 9,000 hotels globally, Wyndham commands significant market presence in the economy and midscale segments.
Wyndham Grand is launching a 'Roam for the Holidays' package, offering a 10% discount on stays and unique amenities at select U.S. locations. This initiative includes a new 'Connection Concierge' service to assist guests in connecting virtually with loved ones during their stay. Available through the end of the year, the service supports video calls and recommends scenic spots on-property. Enhanced health and safety protocols are being implemented due to COVID-19, and Wyndham Rewards members can book these packages to enjoy added benefits.
Wyndham Hotels & Resorts is launching its TRYP® by Wyndham brand in New Zealand with two new hotels: the 212-room TRYP by Wyndham Remarkables Park Queenstown and the 76-room TRYP by Wyndham Tory Street Wellington. Developed by Safari Group, these hotels aim to enhance Wyndham's lifestyle offerings. The Queenstown hotel is set to open in 2023, offering modern amenities and scenic views, while the Wellington hotel, designed in a 1920s art deco style, is expected to open in March 2022. This expansion signifies Wyndham's commitment to growth in key markets.
Wyndham Hotels & Resorts (NYSE: WH) reported a net income of $27 million for Q3 2020, down from $45 million in Q3 2019. Diluted EPS was $0.29, while adjusted EPS hit $0.36. Revenue dropped to $337 million, a 40% decline year-over-year, correlating with a 35% fall in global comparable RevPAR. Despite challenges, the company generated $101 million of adjusted EBITDA and $92 million in free cash flow, while over 99% of its domestic portfolio remained open. The firm announced a quarterly dividend of $0.08 per share and issued $500 million in senior unsecured notes to enhance liquidity.
Wyndham Hotels & Resorts has announced a partnership with Amperity to enhance its global marketing through a new customer data platform. This platform consolidates data from various sources to create a comprehensive view of guests, enabling targeted marketing strategies. The initiative is part of Wyndham's ongoing digital transformation, aimed at improving customer engagement and operational efficiency. The deployment of the platform took less than four months, marking a significant step in Wyndham's technology investments during the COVID-19 pandemic.
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