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 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.
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.