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 reports developments in hotel franchising, brand expansion, loyalty, booking technology, and operating performance. Company news commonly covers its economy and midscale hotel system, Wyndham Rewards, RevPAR trends, development pipeline activity, and growth initiatives across brands such as Dolce by Wyndham and ECHO Suites Extended Stay by Wyndham.
Updates also include franchisee-focused technology, including AI-enabled discovery and booking tools, as well as property openings, partnerships that extend loyalty redemption options, and financial results tied to system size, pipeline composition, leverage, and comparable operating performance.
Wyndham Rewards has been ranked the top hotel rewards program by USA Today readers for the seventh consecutive year, while the Wyndham Rewards Earner® Card was named the best hotel credit card for the sixth consecutive year. The program, spanning over 60,000 hotels, vacation club resorts, and vacation rentals globally, was also recently recognized by U.S. News & World Report and NerdWallet.
With 110 million enrolled members worldwide, Wyndham Rewards offers a guaranteed 1,000 points with every qualified stay. Members can redeem points for free nights, starting at 7,500 points per room per night, or discounted nights from 1,500 points. The program's credit cards offer up to 8x earn on gas purchases and hotel stays, enhancing the rewards earned on everyday purchases.
Wyndham Hotels & Resorts (NYSE: WH) has declared a quarterly cash dividend of $0.38 per share on its common stock. The dividend is payable on September 27, 2024, to shareholders of record as of September 13, 2024. Wyndham is the world's largest hotel franchising company by property count, with approximately 9,200 hotels across over 95 countries on six continents. The company operates a portfolio of 25 hotel brands, including well-known names like Super 8, Days Inn, and Ramada. Wyndham's loyalty program, Wyndham Rewards, has about 110 million enrolled members who can redeem points at thousands of hotels, vacation club resorts, and vacation rentals globally.
Wyndham Hotels & Resorts has expanded its presence in South Korea with the opening of La Vie D'or Hotel and Resort, Trademark Collection by Wyndham. This marks the debut of the Trademark Collection brand in the country, bringing Wyndham's total hotel count in South Korea to over 30. Located in Hwaseong-si, the resort offers a blend of comfort and tranquility, featuring a nine-hole golf course, fine dining, and easy access to nearby attractions and business hubs.
The resort spans 330,000 square meters and includes 190 elegant rooms, various convention facilities, fitness center, saunas, and swimming pools. It caters to both business and leisure travelers, with a prime location for corporate events and MICE. This expansion aligns with South Korea's growing tourism sector, which welcomed approximately 11 million inbound visitors in 2023 and is expected to reach a market value of $13.66 billion by 2024.
The 85th annual Wyndham Championship returns to Sedgefield Country Club, transforming it into a tropical oasis. This fan-friendly PGA TOUR event offers attendees the chance to win one million Wyndham Rewards points daily, along with hundreds of other prizes. New attractions include Wyndham Rewards Putter's Paradise, featuring vacation-themed putting holes. The tournament continues its Wyndham Championship Fore! Good philanthropic efforts, donating $25,000 to each signature backpack charity. A new mural honoring The Greensboro Six was unveiled at Gillespie Golf Course, celebrating civil rights pioneers in golf. Wyndham Rewards, the title sponsor, connects Wyndham Hotels & Resorts and Club Wyndham, offering members points for stays and various redemption options.
Wyndham Rewards has unveiled a mural at Gillespie Golf Course in Greensboro, N.C., honoring The Greensboro Six, civil rights pioneers who helped desegregate golf. Created by artist Vincent Ballentine, the mural celebrates the six men's role in changing professional golf and highlights First Tee - Central Carolina, which now calls Gillespie home. The unveiling kicks off a week of activities supporting the PGA TOUR's 85th annual Wyndham Championship.
Additionally, Wyndham Rewards announced plans for a short-form documentary about The Greensboro Six and the mural's creation, directed by Emmy-nominated Eternal Polk. The film will feature interviews with surviving family members and community leaders, with a trailer available on First Tee Central Carolina's website.
Sabre Hospitality, a division of Sabre (NASDAQ: SABR), has renewed its long-term agreement with Wyndham Hotels & Resorts, the world's largest hotel franchisor. Wyndham will continue to use Sabre's SynXis Central Reservation System (CRS) for its global operations, extending a partnership that has lasted nearly two decades.
The SynXis CRS platform offers Wyndham efficient pricing and inventory management, global distribution connectivity, and integration with its Wyndham Rewards program. This renewal supports Wyndham's strategy across its 25 brands and over 9,100 hotels in 95 countries, handling nearly 70 million transactions annually.
Earlier this year, Sabre successfully migrated over 5,000 Wyndham properties to the SynXis Property Hub, including a record 550 hotels in a single month, demonstrating the platform's scalability and efficiency.
Super 8 by Wyndham is celebrating its 50th anniversary with a special promotion offering rooms at the 1974 rate of $8.88 per night. This -time offer is available for 888 room nights, bookable starting August 8, 2024, at 8:00 AM ET. The promotion reflects Super 8's growth from a single hotel in Aberdeen, South Dakota, to a global brand with over 2,600 locations.
The brand has recently undergone a $140+ million overhaul by franchisees, modernizing rooms with sleek furniture, stylish bedding, and unique local artwork. The $8.88 rate will be fulfilled as 15,000 Wyndham Rewards points, redeemable for at least one free night at hundreds of Super 8 hotels within 18 months of purchase. This promotion is available to U.S. and Canadian residents aged 18 and over, with a limit of one purchase per person.
Wyndham Hotels & Resorts (NYSE: WH) reported strong Q2 2024 results, with global RevPAR growing 2% and system-wide rooms increasing 4% year-over-year. The company raised its full-year 2024 EPS outlook and grew its development pipeline by 7% to a record 245,000 rooms. Key highlights include:
- Diluted EPS increased 30% to $1.07, adjusted diluted EPS grew 22% to $1.13
- Net income rose 23% to $86 million
- Adjusted EBITDA increased 13% to $178 million
- Returned $162 million to shareholders through share repurchases and dividends
- Awarded 33% more hotel contracts domestically
- Successfully repriced Term Loan B, reducing interest rate by 60 basis points
The company refined its 2024 outlook, projecting 3-4% room growth and approximately flat global RevPAR growth.
Travel + Leisure Co. (NYSE:TNL) reported strong second quarter 2024 results, with net income of $129 million and diluted earnings per share of $1.36 from continuing operations on net revenue of $985 million. The company achieved adjusted EBITDA of $244 million and adjusted diluted EPS of $1.52. Notable highlights include a 13% increase in tours year-over-year, with new owner tours up 22%. Based on these results, Travel + Leisure Co. is raising its full-year 2024 adjusted EBITDA guidance to $915-$935 million and expects third-quarter adjusted EBITDA of $235-$245 million. The company also returned $105 million to shareholders through dividends and share repurchases.
Wyndham has launched its first ECHO Suites Extended Stay hotel in Spartanburg, South Carolina, aimed at long-term travelers like construction workers and digital nomads. This marks a significant milestone with nearly 270 hotels in development across the U.S. and Canada. More openings are planned in Texas and Virginia.
With strategic timing amidst massive infrastructure investments, including $1.2 trillion from the 2021 Infrastructure and Jobs Act and $280 billion from the CHIPS and Science Act of 2022, Wyndham expects a $3.3 billion revenue opportunity for franchisees.
The 124-room ECHO Suites features efficient designs with kitchens, fitness centers, and 24/7 laundry facilities. Mandeep Singh joins Wyndham to bolster its extended-stay segment. The brand aims to have 75 hotels operational by 2026 and 300 by 2032.