Travel + Leisure Co. reports developments in leisure travel, vacation ownership and membership-based travel brands. The company develops, markets and sells vacation ownership interests, provides consumer financing tied to VOI sales, manages resort properties and operates travel club and exchange businesses through brands that include Club Wyndham, WorldMark, RCI, Margaritaville Vacation Club, Accor Vacation Club, Eddie Bauer Adventure Club and Sports Illustrated Resorts.
Recurring news centers on quarterly operating results, gross VOI sales, tour activity, resort optimization, brand expansion and partnerships. Company updates also cover capital-structure actions such as secured note offerings, credit facilities and term securitizations backed by notes receivable.
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Wyndham Hotels & Resorts (NYSE: WH) has signed a multi-season partnership with Minor League Baseball (MiLB), becoming the Official Hotel Partner and bringing its Wyndham Rewards program into 120 ballparks. This deal aims to enhance hotel stays and provide unique experiences for rewards members, such as game tickets and behind-the-scenes access. Wyndham was drawn to MiLB due to its popularity and alignment with their guest demographics. As part of the initiative, Wyndham will have a significant presence at over 8,000 MiLB games, further increasing brand visibility and travel convenience for fans and franchisees.
Wyndham Hotels & Resorts (NYSE: WH) will report its first quarter 2023 results on April 26, 2023 at approximately 4:30 p.m. ET. A conference call with investors will follow on April 27, 2023, at 8:30 a.m. ET, hosted by CEO Geoffrey A. Ballotti and CFO Michele Allen to discuss results and business outlook. The conference can be accessed via the company's website or by calling 800 267-6316. Wyndham is the largest hotel franchising company globally, boasting around 9,100 hotels across over 95 countries, with about 843,000 rooms, appealing primarily to midscale and economy travelers.
The board of directors of Travel + Leisure Co. (NYSE:TNL) announced an increase in its quarterly cash dividend from $0.40 to $0.45 per share, payable on March 31, 2023, to shareholders of record as of March 15, 2023. This raises the annualized dividend to $1.80 per share, marking a growth of over 12% from $1.60 in the previous year. CFO Mike Hug indicated optimism regarding leisure travel momentum and the company’s ability to generate earnings and free cash flow to benefit shareholders.
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.
Wyndham Rewards is set to welcome its 100 millionth enrolled member this March, celebrating by giving away 100 limited-edition minibars stocked with snacks and drinks at selected hotels in North America. Each minibar includes 30,000 Wyndham Rewards points, while one winner will receive 1 million points. Members can enter by booking directly or emailing their details. Additionally, March marks the launch of 'Member Month', featuring discounts and bonus point offers, starting with 15,000 bonus points for stays through May 14, 2023. Wyndham Rewards is recognized as the world's most generous hotel rewards program, supporting nearly 100 million members worldwide.
Travel + Leisure Co. (NYSE:TNL) reported robust financial results for Q4 and full-year 2022, revealing a net income of $357 million and $3.6 billion in net revenue. Q4 net income stood at $90 million, with diluted EPS at $1.12 and adjusted EBITDA at $225 million. The company returned $486 million to shareholders through stock repurchases. Looking ahead, for 2023, TNL expects adjusted EBITDA between $920 million and $940 million and plans to propose a dividend increase to $0.45 per share. CEO Michael D. Brown highlighted the strong leisure travel market and promising reservations for 2023.
Wyndham Hotels & Resorts (NYSE: WH) has been honored by Forbes and Newsweek for its exemplary corporate culture and commitment to inclusivity. For the second consecutive year, Forbes recognized Wyndham as one of America's Best Large Employers, while Newsweek highlighted it as one of America's Greatest Workplaces for Diversity. With approximately 9,100 hotels across 95 countries, Wyndham emphasizes the importance of employee development, diversity, equity, and inclusion (DEI), offering educational programs, comprehensive benefits, and a supportive workplace environment. These accolades underscore Wyndham's commitment to fostering a welcoming atmosphere for its team members.
Wyndham Hotels & Resorts (NYSE: WH) reported robust financial results for Q4 and full-year 2022, exceeding its expectations. Key highlights include a 15% increase in global RevPAR year-over-year and a 20% increase for the full year in constant currency. The company expanded its development pipeline by 12%, adding 170 new construction projects for its ECHO Suites brand. Full-year net income reached $355 million, with diluted EPS of $3.91. The Board authorized a 9% increase in the quarterly dividend to $0.35 per share. Looking ahead, the company anticipates 2-4% growth in room supply and 4-6% growth in global RevPAR for 2023.
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