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.
News and disclosures about Wyndham Hotels & Resorts, Inc. (NYSE: WH) focus on its role as a global hotel franchising company and on developments across its portfolio of 25 brands. The company describes itself as the world's largest hotel franchising business by number of franchised properties, with approximately 8,300 hotels and over 855,000 rooms in about 100 countries on six continents. Its news flow reflects brand expansion, loyalty program initiatives, financial updates and corporate governance changes.
Brand and development announcements highlight how Wyndham grows its system and enters new markets. Recent examples include Balfour Miami Beach joining Registry Collection Hotels as an independent property in Miami Beach, the opening of Wyndham Grand Udaipur Fatehsagar Lake in India as part of the Wyndham Grand portfolio, and the Asia-Pacific debut of Baymont by Wyndham with Baymont Kunming Wuhua in Kunming, China. These stories illustrate the company’s emphasis on economy and midscale lodging, extended stay, lifestyle and independent collections under its franchising model.
Investors and followers of WH stock will also see regular updates on Wyndham Rewards, the company’s loyalty program with approximately 121 million enrolled members. News items may cover promotions such as limited-time status upgrades, bonus point offers and partnerships designed to drive member engagement across thousands of participating hotels, vacation club resorts and vacation rentals globally.
Corporate and financial news includes quarterly earnings releases, which discuss system-wide room growth, development pipeline metrics, revenue per available room (RevPAR), fee-related revenues, adjusted EBITDA and capital allocation through share repurchases and dividends. Additional items cover changes to the company’s credit facilities, board appointments such as the addition of Alexandra A. Jung as an independent director, and executive transitions like the appointment of an interim chief financial officer.
By following this news stream, readers can monitor how Wyndham expands its franchised hotel system, manages its loyalty platform and reports on financial and governance developments that may be relevant to WH shareholders and observers of the global lodging industry.
Wyndham Hotels & Resorts has announced the rapid expansion of its BOLDSM program to empower Black entrepreneurs in hospitality, signing deals for 18 hotels in just over six months. Among these, 10 are under the new ECHO SuitesSM Extended Stay brand. The initiative addresses disparities in Black ownership within the industry, where less than 2% of hotel owners are Black despite 20% of hotel employees being Black. This program aims to promote hotel ownership as a wealth creation vehicle and streamline the path to ownership.
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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Wyndham Hotels & Resorts (NYSE: WH) is set to report its fourth quarter and full-year 2022 earnings on February 15, 2023 at 4:30 p.m. ET. A conference call will follow on February 16, 2023, at 8:00 a.m. ET, hosted by CEO Geoffrey A. Ballotti and CFO Michele Allen. Wyndham is a leading hotel franchising company with approximately 9,100 hotels across over 95 countries and a rewards program boasting over 97 million members. Investors can access the call via the company's website or through a dedicated phone line.
Super 8 by Wyndham launches a limited-edition candle collection called Scents of the Open Road, available starting December 1, 2022. The collection features eight unique scents inspired by road trips, retailing for $19.74, referencing the brand's origins in 1974. Each candle, hand-poured in the US, evokes experiences like gas station stops and morning coffee. A select number of candle sets come with a voucher for 30,000 Wyndham Rewards points. This initiative aims to celebrate the spirit of travel and enhance the customer experience associated with the Super 8 brand.
Lowe's has partnered with Wyndham Hotels to provide stranded travelers a cozy holiday experience on one of the busiest travel days, Nov. 23. This initiative, called the Holiday Home Layover, will offer 50 specially decorated hotel rooms equipped with Lowe's products at five airports across the U.S. Customers can also shop these festive products online. This collaboration aims to ease the stress of travel disruptions by creating a warm atmosphere for those unable to reach home during the holidays. For more information, visit LowesHomeLayover.com.
Wyndham Hotels & Resorts announced the launch of ECHO Suites Extended Stay, its 24th brand and fastest-growing segment, with 120 hotels in its pipeline as of September 30. The brand is expected to excel in the budget-friendly, extended-stay market, breaking ground on its second and third hotels in Virginia. Designed for cost efficiency, ECHO Suites aims to deliver a superior guest experience, appealing to long-term travelers. The company anticipates the first ECHO Suites hotels to open in 2023, reinforcing its position as a leader in the economy and midscale lodging segments.
Wyndham Hotels & Resorts (NYSE: WH) declared a quarterly cash dividend of $0.32 per share, payable on December 28, 2022, to shareholders recorded by December 14, 2022. The company operates approximately 9,100 hotels across over 95 countries and is the largest hotel franchising firm globally. Its Wyndham Rewards loyalty program boasts over 97 million members. This dividend declaration reflects the company's commitment to returning value to shareholders as it navigates the recovery phase from the impacts of COVID-19.