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 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.
Wyndham Rewards has been named the best hotel loyalty program for the third consecutive year by USA Today 10Best Readers' Choice Awards. Its co-branded Wyndham Rewards® Visa® Card also received the top honor as the best travel and hotel credit card. The program boasts over 84 million members, who significantly contribute to the company's revenue. New credit cards recently launched enhance point earning for everyday and travel purchases. The loyalty program offers guaranteed points per stay and flexible rewards, fostering member engagement amidst evolving travel demands post-COVID-19.
Wyndham Hotels & Resorts (NYSE: WH) will report its third quarter 2020 results on October 28, 2020, at 5:00 p.m. ET. The earnings call for investors, led by CEO Geoffrey A. Ballotti and CFO Michele Allen, will occur on October 29, 2020, at 8:30 a.m. ET. Listeners can access the live webcast via the company's investor relations website. Wyndham is the largest hotel franchising company globally, with over 9,000 hotels across approximately 90 countries and a significant presence in the economy and midscale segments.
Wyndham Hotels & Resorts and Barclays launched three credit cards tailored for road travelers: the Wyndham Rewards® Earner Card, the Earner Plus Card, and the Earner Business Card. These cards offer substantial rewards, including up to 8x points for gas and hotel purchases. The Earner Card has no annual fee and provides 30,000 bonus points; the Plus Card offers a $75 fee with 45,000 bonus points; and the Business Card has a $95 fee with similar bonuses. These offerings cater to the increasing number of travelers opting for road trips during the pandemic, aiming for cost-effective rewards and convenience.
Wyndham Hotels & Resorts announced the launch of its new mobile app, now available on iOS and Android. The app prioritizes low-contact features like mobile check-in/check-out at nearly 6,000 hotels in the U.S., addressing the demands of travelers during the pandemic. Key features include Lightning Book, Digital Room Key, and personalized offers, enhancing user experience and simplifying hotel bookings.
Wyndham Hotels & Resorts (NYSE: WH) announced a quarterly cash dividend of $0.08 per share, payable on September 30, 2020. Shareholders on record as of September 15, 2020 will receive this dividend. Wyndham is a leading hotel franchising company with over 9,000 hotels worldwide, serving 84 million loyal members in its Wyndham Rewards program. The company remains focused on its market presence amidst ongoing challenges in the hospitality sector due to the COVID-19 pandemic.
Wyndham Rewards® proudly sponsors the 81st annual Wyndham Championship at Sedgefield Country Club in Greensboro, N.C., starting August 11, 2020. Due to the COVID-19 pandemic, the tournament will be conducted without spectators, maintaining its charitable commitments through the Wyndham Championship Fore! Good initiative. Fans can enjoy virtual engagement and vacation-themed experiences. Wyndham Rewards, named the top hotel rewards program, offers over 30,000 properties worldwide, and has implemented robust health protocols to ensure safety. The tournament culminates in the Wyndham Rewards Top 10, awarding $10 million in bonuses.
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