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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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Sabre Hospitality, a division of Sabre (NASDAQ: SABR), renewed its multi-year partnership with Wyndham Hotels & Resorts, migrating over 5,000 hotels to SynXis Property Hub ahead of schedule. The migration increased operational efficiency, reduced transition downtime by 34%, and set a new industry standard. The collaboration showcased groundbreaking efficiencies and improved guest experiences.

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Wyndham Hotels & Resorts reported strong first quarter results with global RevPAR growth, increased development pipeline, and expanded share repurchase authorization. The company saw a 1% growth in global RevPAR, 8% increase in ancillary revenues, and a 4% growth in system size. The development pipeline grew by 8% year-over-year to a record 243,000 rooms. Despite a decline in net income, the company remains optimistic about its outlook for the full year 2024.
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Travel + Leisure Co. (TNL) reported strong first quarter 2024 financial results with a net income of $66 million, $0.92 diluted earnings per share, on net revenue of $916 million. Additionally, the company achieved adjusted EBITDA of $191 million and adjusted diluted earnings per share of $0.97. The company expects second quarter adjusted EBITDA of $235 million to $245 million and reaffirms expectations for full year adjusted EBITDA of $910 million to $930 million. The Vacation Ownership segment saw a 6% increase in revenue to $725 million, driven by higher VOI sales and gross VOI sales. The Travel and Membership segment revenue decreased by 4% to $193 million due to a 6% decrease in transactions offset by a 1% increase in revenue per transaction. The company's balance sheet remains strong with a leverage ratio of 3.5x, $479 million in cash and cash equivalents, and $1.2 billion of liquidity. Share repurchases and dividend payments were also highlights of the quarter.
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Wyndham Rewards has unveiled the three finalists for the Gillespie Wall Mural honoring The Greensboro Six civil rights pioneers. The finalists, Vincent Ballentine, Raman Bhardwaj, and Abel Jackson, bring diverse artistic backgrounds and experiences to the project. The mural will be installed at the historic Gillespie Golf Course in Greensboro, N.C., commemorating the legacy of The Greensboro Six and their pivotal role in desegregating the course and paving the way for diversity in golf.
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Wyndham introduces the Wyndham Business program, offering rewards and benefits for businesses of all sizes. The program includes points on qualified business spend, employee status gifting, room discounts, direct billing, group bookings, and more. Businesses can earn a future free hotel night by joining Wyndham Rewards Business and completing a qualified stay by June 30.
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Wyndham Alltra opens its newest resort on the coast of the Dominican's Samaná Peninsula, with plans to expand its all-inclusive footprint by signing a new resort in Punta Cana. The newly opened Wyndham Alltra Samaná offers a stress-free, family-friendly getaway with ocean views, white sands, and all-day entertainment. Managed by Playa Hotels & Resorts, this marks Wyndham Alltra's first resort in the Dominican Republic, with another one expected to open in Punta Cana later this year.
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Wyndham Hotels & Resorts appoints Scott Strickland as Chief Commercial Officer to lead a newly unified, technology-driven commercial organization. Strickland will oversee global sales, revenue generation, marketing, communications, and Wyndham Rewards loyalty program. Lisa Checchio, EVP and Chief Marketing Officer, will depart Wyndham Hotels & Resorts.
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Wyndham Hotels & Resorts partners with WaterWalk to rebrand 11 hotels into WaterWalk Extended Stay by Wyndham, expanding into the upscale extended stay segment. WaterWalk's unique LIVE|STAY model offers flexibility and a fresh take on extended stay experiences. The addition of WaterWalk complements Wyndham's existing extended stay brands, enhancing the Company's portfolio for various guest needs.
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Wyndham Hotels & Resorts (WH) will host a conference call and webcast on April 25, 2024, to discuss their first quarter 2024 results and business outlook.
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Wyndham Hotels & Resorts partners with Minor League Baseball to offer rich Wyndham Rewards redemptions, including tickets for 2 at 2,500 points and unique experiences for 5,500 points. Members earn 1,000 points per qualified hotel stay or 10 points per dollar spent, making rewards easily attainable.
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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 $101.98 as of December 24, 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.

Nasdaq:WH

WH Rankings

WH Stock Data

7.93B
76.11M
2.14%
99.34%
3.06%
Lodging
Hotels & Motels
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United States of America
PARSIPPANY