Wyndham Hotels & Resorts Inc Stock Price, News & Analysis

Wyndham Hotels & Resorts has celebrated the groundbreaking of its new extended-stay brand in Plano, Texas, marking a significant milestone. The brand, currently referred to as 'Project ECHO', has 72 hotels in development. This new hotel will feature 124 rooms, designed for both leisure and business travelers, and is strategically located near Dallas. Anticipated to open in the second half of 2023, the project emphasizes cost-effectiveness and competitive space utilization. Wyndham's leadership highlights the surge in demand for extended-stay accommodations as a driving force behind this development.

Wyndham Hotels & Resorts (NYSE: WH) has declared a quarterly cash dividend of $0.32 per share on its common stock. This dividend will be payable on September 28, 2022 to shareholders of record as of September 14, 2022. Wyndham Hotels operates the world's largest hotel franchising business with approximately 9,000 hotels globally, targeting the economy and midscale segments. The company’s loyalty program boasts over 95 million enrolled members, enhancing customer engagement and incentivizing repeat business.

Wyndham Hotels & Resorts has announced the opening of the Wyndham Grand Cancun All-Inclusive Resort & Villas, the first of its kind in Mexico. Located in Cancun's Hotel Zone, the resort will open on November 1, 2022, and is already accepting reservations. This development expands the company's portfolio to over 65 hotels in Mexico, enhancing its presence in the region. The resort will feature 364 guest rooms, multiple dining options, pools, and recreational activities, and will also join the Wyndham Rewards loyalty program.

Wyndham Rewards is the title sponsor of the 83rd Wyndham Championship, offering fans a chance to win over 100 million Wyndham Rewards points. Fans attending the event can earn points through various interactive activities, and those watching from home can participate in a contest for a chance to win one million points. Participants must be members of the free Wyndham Rewards program. The tournament also features charitable initiatives, including donations for golfers' achievements. The event runs through August 7, 2022, at Sedgefield Country Club in Greensboro, N.C.

Wyndham Hotels & Resorts announced the addition of Greensboro's Grandover Resort & Spa to its Wyndham Grand brand portfolio. The resort, set on 1,600 wooded acres, features 244 rooms, two championship golf courses, and is recognized as a top destination in North Carolina. It will join Wyndham Rewards, allowing guests to earn points on stays. This partnership enhances Wyndham's presence in luxury hospitality and targets the thriving golf tourism market, especially during the Wyndham Championship event.

Wyndham Hotels & Resorts (NYSE: WH) reported a strong Q2 2022, with global RevPAR up 23% year-over-year. Hotel franchising revenues grew 18% to $335 million, while adjusted EBITDA increased 4% to $175 million. The company raised its full-year 2022 outlook, forecasting adjusted EBITDA of $611 - $631 million. The development pipeline grew by 9% to 208,000 rooms, with 187 new contracts signed. However, hotel management revenues fell 59% due to the sale of owned hotels. The company returned $171 million to shareholders through buybacks and dividends.

Wyndham Hotels & Resorts has formed a strategic alliance with Palladium Hotel Group, enhancing its Registry Collection with over 6,500 rooms across 14 all-inclusive resorts. This collaboration extends Wyndham's reach into luxury hospitality in key Caribbean destinations including Mexico, the Dominican Republic, Jamaica, and Brazil, now totaling 26 all-inclusive hotels. The partnership aims to leverage Wyndham's distribution network and Palladium's expertise in the all-inclusive sector, enhancing guest experiences and loyalty program benefits with Wyndham Rewards.

AmericInn by Wyndham has launched a search for a travel-ready family to explore the best Midwest state fairs this summer. The selected family will visit at least three fairs, capturing their experiences on social media. The role includes a $15,000 payment, consisting of a $10,000 travel stipend and $5,000 cash, along with a Wyndham Rewards Diamond membership. Applications are open until August 3, 2022, with winners announced the following week. This initiative aims to connect families with iconic summer traditions while promoting the brand's hospitality.

Wyndham Hotels & Resorts launched BOLD by Wyndham, a program aimed at supporting Black entrepreneurs in hotel ownership. The initiative addresses development challenges unique to the Black community, leveraging Wyndham's resources for greater access to capital and operational support. The inaugural member, Vaughn Irons, revealed plans for a 110-room TRYP by Wyndham hotel in Stonecrest, Atlanta. The program seeks to increase the representation of Black hotel owners, who currently account for less than 2% of the industry, despite high interest in entrepreneurship among Black Americans.