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 La Quinta Inn & Suites Santa Cruz, California, expanding its La Quinta portfolio to over 920 hotels. This new location, featuring 60 guestrooms, is strategically positioned near the Santa Cruz beach and boardwalk. The La Quinta brand continues to grow with around 180 hotels in the development pipeline across major U.S. cities. This development highlights Wyndham's strong interest from developers and solidifies its position in the economy and midscale segments.
Wyndham Hotels & Resorts has launched its economy extended-stay hotel brand, Project ECHO, aimed at enhancing owner return on investment with efficient prototypes. The company signed contracts for 50 new hotels, partnering with Sandpiper Hospitality and Gulf Coast Hotel Management. The brand targets a growing segment that saw 2021 U.S. occupancy rates surpassing 78%. Project ECHO is expected to open its first hotel in 2023, with plans for 300 hotels over the next decade across the U.S.
Wyndham Hotels & Resorts (NYSE: WH) declared a quarterly cash dividend of $0.32 per share, payable on March 31, 2022, to shareholders of record as of March 21, 2022. As the largest hotel franchising company globally, Wyndham operates around 9,000 hotels, emphasizing its strong presence in the economy and midscale lodging segments. Its Wyndham Rewards loyalty program has over 92 million enrolled members.
Wyndham Hotels & Resorts has announced the addition of two new women hoteliers as part of its "Women Own the Room" initiative, which aims to support women in the male-dominated hotel industry. The program provides financial solutions, operational support, and networking opportunities. New members include Hetal Christian, who opened a Wyndham Garden hotel in Dover, Del., and Neha Jadhav, who will launch a dual-branded La Quinta and Hawthorn Suites in Warrenton, Va. This initiative emphasizes Wyndham's commitment to increasing female representation in hotel ownership.
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Wyndham Hotels & Resorts, the largest hotel franchising company globally, continues its expansion across Europe, the Middle East, Eurasia, and Africa (EMEA). In 2021, the company signed nearly 70 new hotels and anticipates further openings in 2022, enhancing its footprint in key markets. New hotel launches include 12 resorts in Europe and expansions in Turkey, Dubai, and India. The company is also introducing several brands to new locations, including its first entries into Poland and Greece. The growth reflects Wyndham's commitment to its hotel partners amidst industry challenges.
Wyndham Hotels & Resorts (NYSE: WH) reported strong financial results for Q4 and full-year 2021. U.S. RevPAR increased 9% from 2019, with a full-year net income of $244 million or $2.60 per share, compared to a loss of $132 million in 2020. Adjusted EBITDA reached $590 million, up 76% year-over-year. The company generated $426 million in net cash from operations and announced a new dividend of $0.32 per share. For 2022, Wyndham projects RevPAR growth of 12% to 16% and adjusted EBITDA between $605 million and $625 million, reflecting its recovery and growth strategy.
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On January 25, 2022, Wyndham Hotels & Resorts (NYSE: WH) launched its "Women Own the Room" program, welcoming its first member, Trusha Patel, CEO of Platinum Holdings. This initiative aims to empower women in hotel ownership, addressing gender disparities in the industry where women comprise only 10% of hotel development roles. Patel is set to develop dual-branded La Quinta and Hawthorn Suites hotels in Austin and Georgetown, Texas, totaling 125 guestrooms. The program offers financial support, operational guidance, and networking opportunities to foster women's entrepreneurship in hospitality.
Wyndham Hotels & Resorts expands its global presence by entering Poland with the opening of the upscale Wyndham Wroclaw Old Town. The 205-room hotel, managed by Mogotel Hotel Group, is set to launch in February 2022 in Wroclaw's city center. This strategic location provides access to tourist attractions and business facilities, including 11 meeting rooms for over 400 attendees. With a growing portfolio of over 350 hotels in Europe, Wyndham sees Poland as a market with significant development potential and diverse travel opportunities.