WYNDHAM HOTELS & RESORTS DECLARES QUARTERLY CASH DIVIDEND

Rhea-AI Summary

Wyndham Hotels & Resorts (NYSE: WH) declared a quarterly cash dividend of $0.35 per share, an increase of 9% from $0.32 in 2022. This dividend is payable on March 29, 2023, to shareholders on record as of March 15, 2023. With approximately 9,100 hotels in over 95 countries, Wyndham maintains its leadership in the economy and midscale lodging segments. The company's portfolio includes 24 hotel brands and a loyalty program with 99 million members, providing access to numerous global accommodations.

Positive

• Quarterly cash dividend increased by 9% to $0.35 per share.
• Strong brand portfolio with 24 hotel brands.
• Loyalty program boasts 99 million members.

Negative

• Risks include potential impacts from economic conditions like inflation and recession.
• Ongoing challenges from the COVID-19 pandemic and other health crises.

PARSIPPANY, N.J., March 2, 2023 /PRNewswire/ -- Wyndham Hotels & Resorts, Inc. (NYSE: WH) announced today its Board of Directors declared a quarterly cash dividend of $0.35 per share on its common stock, payable March 29, 2023 to shareholders of record as of March 15, 2023.  The cash dividend represents a 9% increase from the $0.32 per share quarterly dividend paid during 2022.

About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world's largest hotel franchising company by the number of properties, with approximately 9,100 hotels across over 95 countries on six continents.  Through its network of approximately 843,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry.  The Company operates a portfolio of 24 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. The Company's award-winning Wyndham Rewards loyalty program offers approximately 99 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally.  For more information, visit www.wyndhamhotels.com.  The Company may use its website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.  Disclosures of this nature will be included on the Company's website in the Investors section, which can currently be accessed at https://investor.wyndhamhotels.com.  Accordingly, investors should monitor this section of the Company's website in addition to following the Company's press releases, filings submitted with the Securities and Exchange Commission and any public conference calls or webcasts.

Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the federal securities laws, including statements related to the Company's quarterly dividend.  Forward-looking statements include those that convey management's expectations as to the future based on plans, estimates and projections at the time the Company makes the statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. 

Factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, general economic conditions, including inflation, higher interest rates and potential recessionary pressures; the worsening of the effects from the coronavirus pandemic ("COVID-19"); COVID-19's scope, duration, resurgence and impact on the Company's business operations, financial results, cash flows and liquidity, as well as the impact on the Company's franchisees, guests and team members, the hospitality industry and overall demand for and restrictions on travel the Company's continued performance during the recovery from COVID-19 and any resurgence or mutations of the virus concerns with or threats of other pandemics, contagious diseases or health epidemics, including the effects of COVID-19; the performance of the financial and credit markets; the economic environment for the hospitality industry; operating risks associated with the hotel franchising businesses; the Company's relationships with franchisees; the impact of war, terrorist activity, political instability or political strife, including the ongoing conflict between Russia and Ukraine; the Company's ability to satisfy obligations and agreements under its outstanding indebtedness, including the payment of principal and interest and compliance with the covenants thereunder; risks related to the Company's ability to obtain financing and the terms of such financing, including access to liquidity and capital; and the Company's ability to make or pay, plans for and the timing and amount of any future share repurchases and/or dividends, as well as the risks described in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequent reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise.

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SOURCE Wyndham Hotels & Resorts

FAQ

What is the dividend amount declared by Wyndham Hotels & Resorts?

Wyndham Hotels & Resorts declared a quarterly cash dividend of $0.35 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on March 29, 2023, to shareholders of record as of March 15, 2023.

What is the percentage increase of the latest dividend compared to 2022?

The latest dividend represents a 9% increase from the $0.32 per share dividend paid in 2022.

How many hotels does Wyndham operate worldwide?

Wyndham operates approximately 9,100 hotels across over 95 countries.

What are the potential risks affecting Wyndham's performance?

Wyndham faces risks from economic conditions, inflation, recession, and impacts from the COVID-19 pandemic.