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 (NYSE: WH) announced an agreement with Braun Hospitality for five new Microtel Inn & Suites by Wyndham hotels in Oregon. These properties will be located in strategic growth markets including Florence, Ashland, Salem, Bend, and Hood River. Microtel's innovative Moda prototype aims to improve brand offerings while optimizing costs and efficiency. This expansion aligns with Wyndham's strategy to enhance its portfolio, having around 300 Microtel hotels in the U.S. and more than 80 in the pipeline. The brand reported a strong RevPAR Index of 107% in 2020.
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.