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 (NYSE: WH) has reached a definitive agreement with CorePoint Lodging for the termination of all remaining hotel management agreements, contingent on CPLG's upcoming merger. This termination, expected in Q1 2022, will result in Wyndham receiving approximately $84 million in termination fees. CEO Geoffrey A. Ballotti stated that this move allows Wyndham to exit the lower-margin management business and concentrate on its asset-light franchising operations, which are more profitable. Franchise agreements will remain unchanged.
Wyndham Hotels & Resorts (NYSE: WH) reported robust Q3 2021 results, with U.S. RevPAR 7% above pre-pandemic levels and 59% year-over-year growth. Diluted EPS increased to $1.09 from $0.29 in Q3 2020, with net income rising to $103 million from $27 million. Adjusted EBITDA reached $194 million, doubling from the prior year. The company announced a 33% dividend increase to pre-pandemic levels. Additionally, its development pipeline expanded, exceeding 1,450 hotels internationally, indicating strong growth momentum in the recovering travel sector.
Travel + Leisure Co. (NYSE:TNL) reported strong third quarter 2021 results, achieving a net income of $101 million, or $1.15 per diluted share, on revenues of $839 million. The company's adjusted EBITDA was $228 million, with adjusted diluted EPS of $1.19. Cash flow metrics were robust, with $435 million from operations and adjusted free cash flow of $128 million for the first nine months. The company raised its full-year adjusted EBITDA guidance to $740-$750 million and diluted EPS guidance to $3.35-$3.43. A fourth-quarter dividend of $0.35 per share is recommended, following a $1 billion credit facility renewal and a $350 million securitization.
La Quinta by Wyndham announces the launch of "Thankful for Mom", a virtual meetup series designed to support and connect moms facing increasing challenges due to the pandemic. Kicking off on November 3 and running through November 17, the series features experts sharing insights on managing family travel stress. A recent survey by La Quinta found that over 60% of vacation planning falls on moms, with 82% citing increased stress in planning family getaways. The series aims to alleviate these burdens, providing resources and community support for mothers.
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Wyndham Rewards has been named the best hotel loyalty program for the fourth consecutive year in the USA TODAY 10Best Readers' Choice Awards. Additionally, the Wyndham Rewards Earner® Card has been recognized as the best travel and hotel co-branded credit card.
Wyndham Rewards, with over 89 million enrolled members, offers guaranteed 1,000 points per qualified stay, with free nights starting at just 7,500 points. The program has received high ratings from U.S. News & World Report and WalletHub earlier this year, further solidifying its market position.
Wyndham Hotels & Resorts (NYSE: WH) has launched a new all-inclusive resort brand, Wyndham Alltra, in partnership with Playa Hotels & Resorts (NYSE: PLYA). This marks Wyndham's 22nd brand, catering to the upper-midscale all-inclusive segment. The first resorts, Wyndham Alltra Cancun and Wyndham Alltra Playa del Carmen, are set to open post-renovation by December 2021. Wyndham aims to leverage its 89 million Wyndham Rewards members to enhance guest experiences and drive sales through this alliance, offering unique amenities and dining options.
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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.