Wyndham Hotels & Resorts Inc Stock Price, News & Analysis

Wyndham Hotels & Resorts has expanded its Manufacturer Direct program to include Ramada and Microtel franchisees, in addition to Days Inn. This initiative allows hotels to save an average of 20% on renovation costs compared to traditional methods. The program aims to enhance owner engagement and transparency, enabling franchisees to manage renovations directly, potentially saving up to $50,000 on a 90-room Days Inn update.

New room designs are available, with costs ranging from $2,400 for the Days Inn Dawn package to $2,800 for the Microtel Moda package. The program has been beneficial, with hundreds of hotels participating. Wyndham plans to further extend the program to AmericInn franchisees later this year.

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.

Wyndham Hotels & Resorts has announced the success of its inaugural 'Women Own the Room' program, which aims to empower women in hotel ownership. Launched in January 2022, the program has signed over 30 hotels across the U.S. and Canada, with 10 already open. The initiative addresses the gender gap in hotel leadership, where women hold less than 10% of development roles. It offers financial solutions, reduced franchise fees, and personalized support to participants. Notable projects include the upcoming Microtel by Wyndham in New Castle, CO. The program highlights Wyndham's commitment to diversity and aims to inspire more women to join the hospitality industry.

Wyndham Hotels & Resorts announced the rapid expansion of its ECHO Suites Extended Stay brand, achieving over 200 hotels in development within its first year. The brand caters to the booming extended-stay market, surpassing initial growth expectations. Recent infrastructure investments, including the $1.2 trillion Infrastructure and Jobs Act, are expected to boost demand for long-term accommodations, potentially generating $3.3 billion in additional room revenue and $150 million in royalties for Wyndham. The new 124-room prototype focuses on optimizing owner ROI through efficient design, making it an attractive option for developers.

Wyndham Hotels & Resorts announced a collaboration with Groups360 to integrate GroupSync™, enabling real-time multi-room bookings for event planners. This initiative, set for 2023, marks a first in the economy hotel segment, allowing planners to access live rates and availability instantly. Wyndham has invested over $100 million in technology over the past three years to enhance franchisee offerings. The GroupSync platform simplifies bookings for various events, saving time for planners. This innovative partnership aims to streamline the booking process across Wyndham's 9,100 properties worldwide.

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.