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Wyndham Hotels & Resorts, Inc. - WH STOCK NEWS

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.

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Wyndham Hotels & Resorts (NYSE: WH) has priced its offering of $500 million of 4.375% Senior Notes due 2028, increasing the offering size by $150 million. The offering will close on August 13, 2020, pending customary conditions. Proceeds will be used to repay existing borrowings under a revolving credit facility. Additionally, the company amended its credit agreement to eliminate the 0.50% LIBOR floor, resetting it to 0.00% at the end of the relief period. The Notes will be offered only to qualified institutional buyers.

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Wyndham Hotels & Resorts has expanded its Wyndham Direct program, initially exclusive to La Quinta hotels, to include Super 8 and Days Inn hotels in the U.S. The program streamlines corporate travel bookings using virtual credit card technology, simplifying management for businesses and increasing revenue for hotels. With access to nearly 3,900 properties, the initiative aims to attract small and medium-sized corporate bookings. Wyndham plans to further extend this program across its portfolio, enhancing value for franchisees and growing market share amid rising travel demand.

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Wyndham Hotels & Resorts (NYSE: WH) reported a net loss of $174 million for Q2 2020, with a diluted loss per share of $1.86, impacted significantly by COVID-19. Adjusted EBITDA stood at $63 million despite a 54% decline in global comparable RevPAR. Revenues fell to $258 million from $533 million year-over-year. However, approximately 85% of hotels remained open, and the company paid a quarterly cash dividend of $0.08 per share. The outlook remains cautious due to uncertainty in travel demand.

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Wyndham Hotels & Resorts announced the opening of the first Microtel® by Wyndham featuring the innovative Moda prototype in George, Washington. This 63-room hotel emphasizes smart design and efficiency, offering substantial savings to developers. The Moda prototype reduces the total footprint by nearly 30% and provides over 70% of rentable space. It aims to attract developers due to lower construction costs and enhanced guest experience. The company plans further expansion of the Microtel brand across the U.S., with additional openings in Hot Springs, Arkansas, and other key locations.

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Wyndham Hotels & Resorts (NYSE: WH) will report its second quarter 2020 results on July 28, 2020, at 5:00 p.m. ET. Executives Geoffrey A. Ballotti and Michele Allen will hold an investor call on July 29, 2020, at 8:30 a.m. ET to discuss the results and company outlook. Wyndham is the world's largest hotel franchising company, operating over 9,300 hotels across approximately 90 countries. Its Wyndham Rewards program has about 83 million enrolled members, enhancing its market presence.

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Wyndham Hotels & Resorts, the largest hotel franchising company, is expanding its La Quinta® by Wyndham brand with two new hotels in Turkey: La Quinta by Wyndham Giresun (86 rooms) and La Quinta by Wyndham Bodrum (175 rooms). Giresun's hotel features waterfront views and amenities including an outdoor pool and fitness center. Bodrum's hotel will host two restaurants and a rooftop bar, opening later this month. These additions follow the 404-room La Quinta hotel opened in Istanbul, marking significant international growth since the brand's acquisition in 2018.

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Wyndham Rewards has announced a reduction in the requirements for earning Member Levels, decreasing the needed nights by 40% in 2020. This initiative, motivated by the COVID-19 pandemic, follows earlier measures like extending the expiration of earned statuses and pausing points expiration until September 30, 2020. Members can earn 2,000 bonus points for each qualified stay through July 27, 2020. Wyndham Rewards aims to enhance travel engagement while ensuring safety protocols through its Count On Us initiative, emphasizing flexibility and support for its members during the pandemic.

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Wyndham Hotels & Resorts announced the expansion of its Ramada® by Wyndham brand in Spain with two new hotels: Ramada by Wyndham Madrid Tres Cantos and Ramada by Wyndham Valencia Almussafes. The Valencia location will open on July 1, 2020, featuring 133 rooms and amenities for business and leisure travelers. Madrid Tres Cantos, scheduled for September 2020, will include 61 rooms in a corporate area. The expansion follows the brand's entry into Spain in 2019, aiming to broaden its European portfolio and meet growing traveler demand.

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Wyndham Hotels & Resorts is expanding its footprint in Japan by converting two hotels to its Wyndham Grand and Wyndham Garden brands: the 60-suite Wyndham Grand Awashima and 95-suite Wyndham Garden Nagaizumi. These openings, marking the brand debut in Japan, enhance Wyndham's portfolio in the region, which includes over 1,700 hotels across Asia Pacific. The hotels offer unique features such as onsen facilities and proximity to natural attractions, aimed at catering to a growing demand for distinctive travel experiences.

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Wyndham Hotels & Resorts announced plans for growth in China, opening five new hotels under the Ramada brand this quarter. Three hotels are already operational: Ramada by Wyndham Luoyang Downtown with 142 rooms, Ramada by Wyndham Jianyang offering 191 rooms, and Ramada by Wyndham Changsha Wuguang with 140 rooms. Two more are set to open this month: Ramada by Wyndham Wuhan Qingshan (101 rooms) and Ramada by Wyndham Kunming Yiliang (179 rooms). This expansion comes as travel in China shows signs of recovery, reinforcing Wyndham's position as the largest international hotel franchisor in the country.

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FAQ

What is the current stock price of Wyndham Hotels & Resorts (WH)?

The current stock price of Wyndham Hotels & Resorts (WH) is $101.53 as of December 23, 2024.

What is the market cap of Wyndham Hotels & Resorts (WH)?

The market cap of Wyndham Hotels & Resorts (WH) is approximately 7.9B.

What is Wyndham Hotels & Resorts known for?

Wyndham Hotels & Resorts is known for being the world's largest hotel franchising company with a portfolio of approximately 9,200 hotels across over 95 countries.

What brands are included in Wyndham's portfolio?

Wyndham's portfolio includes well-known brands such as Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn®, Trademark Collection®, and Wyndham®.

How can I join Wyndham Rewards?

You can join Wyndham Rewards by visiting their website and signing up. The program offers members the ability to earn and redeem points at thousands of hotels globally.

Where is Wyndham Hotels & Resorts headquartered?

Wyndham Hotels & Resorts is headquartered in Parsippany, New Jersey, USA.

What recent developments have been announced by Wyndham Hotels & Resorts?

Recent developments include a strategic alliance with Decameron All Inclusive Hotels & Resorts, the launch of Project HQ Hotels & Residences, and a record development pipeline of 243,000 rooms as of March 2024.

What is Wyndham's approach to loyalty and rewards?

Wyndham Rewards, the company's loyalty program, offers approximately 108 million members the opportunity to earn and redeem points at various properties, providing personalized perks and benefits.

What is the focus of Project HQ Hotels & Residences?

Project HQ Hotels & Residences, a partnership with Sam Nazarian, aims to redefine luxury and lifestyle hospitality with innovative features and locations in Montreux, Switzerland, and Detroit, Michigan.

How does Wyndham support its franchisees?

Wyndham supports its franchisees with world-class marketing, distribution, technology investments, and a loyalty program, all designed to help owners succeed.

What is the scale of Wyndham's operations globally?

Wyndham operates approximately 9,200 hotels with over 876,000 rooms in more than 95 countries, making it one of the largest and most extensive hotel franchising companies globally.

What is the significance of the Wyndham and Decameron partnership?

The partnership with Decameron expands Wyndham's all-inclusive offerings to over 50 resorts globally, leveraging Wyndham's marketing and distribution platforms to reach more travelers.

Wyndham Hotels & Resorts, Inc.

NYSE:WH

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WH Stock Data

7.87B
76.13M
2.14%
99.34%
3.06%
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Hotels & Motels
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