Wyndham Hotels & Resorts Inc Stock Price, News & Analysis

Wyndham Hotels & Resorts (NYSE: WH) will announce its third quarter 2021 results on October 27, 2021 at approximately 4:30 p.m. ET. CEO Geoffrey A. Ballotti and CFO Michele Allen will discuss the results and business outlook in a conference call on October 28, 2021, at 8:30 a.m. ET. Investors can listen to the live webcast on the company's investor website. Wyndham, the largest hotel franchising company globally, operates about 9,000 hotels across 95 countries, providing a strong presence in the economy and midscale lodging segments.

Wyndham Hotels & Resorts has been recognized as one of the Best Places to Work in New Jersey for the second consecutive year by NJ Biz Magazine. This accolade highlights the company's commitment to a supportive work environment, driven by core values of integrity, inclusivity, and a focus on employee experiences. With roughly 9,000 hotels across 95 countries, Wyndham prioritizes social responsibility and employee well-being through various benefits, including paid volunteer time and career development opportunities.

Wyndham Hotels & Resorts continues to expand its footprint in China, announcing plans to open 20 new Microtel by Wyndham hotels by the end of 2022. This midscale brand, introduced to China in 2019, aims to enhance traveler experiences with modern amenities and efficient services. Key cities and emerging destinations will host the new hotels, including Huangshan and Changsha. The brand currently operates six locations in China, and this expansion reflects Wyndham's strong market presence and commitment to growth in the Asia Pacific region.

Wyndham Hotels & Resorts has launched its newest brand, Registry Collection Hotels, in Georgia with the opening of the ART Tbilisi in early 2023. This flagship 100-room property, located in Tbilisi's scenic Abanotubani district, aims to provide a unique luxury experience with modern amenities, including a rooftop wine bar and wellness facilities. Wyndham's portfolio in Georgia expands with this addition, leveraging the growing tourism sector, which contributes 18% to the country's GDP and is forecasted to increase tourism spending by 40% by 2025.

Wyndham Rewards® has been recognized as the number one hotel loyalty program by U.S. News & World Report for the sixth consecutive year. The program, which encompasses over 50,000 properties, has also received accolades from WalletHub and USA TODAY. With 89 million enrolled members, Wyndham Rewards offers guaranteed 1,000 points for every qualified stay, with free nights starting at just 7,500 points. This recognition highlights Wyndham's commitment to enriching the travel experience for everyday travelers, ensuring flexibility and value in rewards.

Wyndham Hotels & Resorts (NYSE: WH) has resumed its share repurchase program, with $191 million available for acquisitions. This decision reflects the Board's confidence in the company's strong cash flow and its resilient business model, which is positioned for recovery post-pandemic. The share buybacks will occur based on market conditions and may be paused or stopped at any time. Wyndham is the largest hotel franchising company globally, operating around 9,000 properties across 95 countries.

Wyndham Hotels & Resorts (NYSE: WH) declared a quarterly cash dividend of $0.24 per share, marking a 50% increase from the previous $0.16 per share. The dividend is payable on September 29, 2021, to shareholders of record as of September 15, 2021. This strategic move reflects the company's commitment to returning value to its investors amid the ongoing recovery from the COVID-19 pandemic.

Amazon Web Services (AWS) has partnered with Wyndham Hotels & Resorts (NYSE: WH) to enhance its technology infrastructure and improve guest services across its 21 brands. The collaboration aims to reduce operating costs by 45% and transition 90% of Wyndham’s infrastructure to the cloud. AWS’s machine learning will optimize pricing for over 9,000 hotels, enhancing occupancy rates. Wyndham has previously utilized AWS technologies for operational flexibility during COVID-19, launching applications to support franchisees and improve guest experiences, thus positioning itself for growth in the post-pandemic environment.

The 82nd Annual Wyndham Championship, sponsored by Wyndham Rewards, returns to Sedgefield Country Club, welcoming fans for the first time since 2019. The event features a total of 100 million Wyndham Rewards points available for attendees, with opportunities to earn up to 15,000 points each. Interactive experiences include a digital scavenger hunt and a watch-and-win game for at-home fans to earn points. Wyndham Rewards, recognized as the top hotel rewards program, now has 89 million members. The tournament runs from August 11 to August 15, aiming to create a positive community impact.