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 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.
Wyndham Hotels & Resorts (NYSE: WH) will report its second quarter 2022 earnings on July 26, 2022, at approximately 4:30 p.m. ET. A conference call, hosted by CEO Geoffrey A. Ballotti and CFO Michele Allen, is scheduled for July 27, 2022, at 8:30 a.m. ET, to discuss the results and future outlook. Wyndham is the largest hotel franchising company globally, with over 8,900 hotels across 95 countries.
Wyndham Hotels & Resorts introduces RevIQ, a cloud-based revenue management system designed for franchisees to enhance revenue strategies and market share. Developed in collaboration with IDeaS, RevIQ empowers hoteliers with real-time data, automatic pricing recommendations, and a user-friendly interface. The platform prioritizes owner control, flexibility, and simplicity, enabling franchisees to optimize pricing based on market insights. RevIQ is available now for those using the Sabre SynXis Property Hub, with plans for broader adoption by 2024.
On June 21, 2022, Days Inn by Wyndham announced the launch of a limited-edition 'Complimentary Pillow' that delivers uplifting compliments at the push of a button. Voiced by Patrick Warburton, the pillow aims to enhance guests' experiences and foster a positive atmosphere during stays. It will be available at select locations in the U.S. until July 30, 2022, with five pillows per hotel offered on a first-come, first-served basis. This initiative aligns with Days Inn's commitment to guest satisfaction, celebrating over 50 years in the hospitality industry.