Wyndham Hotels & Resorts Inc Stock Price, News & Analysis

Wyndham Hotels & Resorts announced the appointment of Marcus Banks, Senior Vice President of Litigation and Employment Law, to the Board of Directors of the International Franchise Association (IFA). This decision is part of a strategic move to bolster leadership with seasoned professionals as the franchise community rebounds from the global pandemic. Banks brings extensive legal and industry experience to the board, enhancing its ability to advocate for the franchise sector. Wyndham, as the world’s largest hotel franchiser, operates over 8,900 hotels across 95 countries, serving a market with significant economic impact.

Wyndham Hotels & Resorts has opened the Turtle Island Beach Resort, part of the Trademark Collection, in Belize, marking the third Wyndham hotel in the country. This beachfront resort features eight beach houses and five villas, all offering stunning views and luxury amenities. With this addition, Trademark Collection continues to expand globally, currently comprising approximately 115 hotels in various countries. The resort aims to enhance the travel experience with unique accommodations and activities like kayaking and snorkeling.

Wyndham Hotels & Resorts, the largest hotel franchising company globally, announced robust growth in the EMEA region despite the challenges faced in 2020. The company signed 38 new hotels in the region and opened notable locations, including multiple Ramada by Wyndham hotels across Europe and the debut of La Quinta in Dubai. Looking ahead, Wyndham plans to launch over 20 new hotels in 2021, contributing to a development pipeline of 16,000 rooms. The brand's resilience and commitment to partners and guests are underscored by the expansion across various markets, including Cyprus and the UAE.

Wyndham Hotels & Resorts (NYSE: WH) announced it will redeem $500 million of its 5.375% senior notes on April 15, 2021, at a redemption price of 102.688% plus accrued interest. This action is expected to reduce annual cash interest expenses by approximately $27 million and return the company to pre-pandemic debt levels. The company primarily plans to use existing cash for this redemption, extending the maturity of $500 million by about 2.5 years while lowering interest rates by 100 basis points.

On March 31, 2021, Super 8 by Wyndham launched the reimagined #JourneySafe campaign featuring actor Oliver Hudson. The campaign emphasizes safe travel and the importance of health protocols as more travelers plan trips. A recent study indicates that 90% of Americans have travel plans within six months. Super 8 is implementing enhanced safety measures and flexible booking policies. The campaign includes a digital presence and offers guests the chance to earn free nights through Wyndham Rewards. The initiative reflects the evolving travel landscape post-COVID-19.

Wyndham Hotels & Resorts (NYSE: WH) will report its first quarter 2021 results on April 28, 2021, at 4:30 p.m. ET. CEO Geoffrey A. Ballotti and CFO Michele Allen will discuss the company's performance and outlook during a conference call on April 29, 2021, at 8:30 a.m. ET. Investors can access the call via the company's website or by calling in. Wyndham is the largest hotel franchising company globally, with over 8,900 properties and 796,000 rooms across 95 countries, significantly impacting the economy and midscale lodging segments.

Wyndham Hotels & Resorts announces the opening of Hotel Avenue Louise Brussels, the first Trademark Collection hotel in Belgium. Located in central Brussels, the hotel underwent a $3.1 million refurbishment and features 78 guest rooms, a rooftop business center, and local dining options. This opening continues the brand's international expansion, which includes future properties in Budapest and San Francisco. The Trademark Collection by Wyndham offers distinctive accommodations, reinforcing Wyndham's commitment to independent hoteliers and growing its global presence in the hospitality sector.

Wyndham Hotels & Resorts is launching 'Operation Out of Office,' aimed at recognizing one deserving American with two weeks of vacation and a $5,000 paycheck. Nominations are open until April 6, 2021, where the winner will share their travel experiences on social media. The initiative highlights that U.S. workers left an average of 33% of their paid time off unused last year. The winner will receive accommodations at Wyndham hotels and a $250 daily travel stipend, promoting the importance of taking time off for relaxation.