Wyndham Hotels & Resorts Inc Stock Price, News & Analysis

Wyndham Hotels & Resorts launched its 21st brand, Registry Collection Hotels, on June 2, 2021, enhancing its portfolio with a luxury offering. This brand caters to independent luxury hotel owners, allowing them to maintain individuality while benefiting from Wyndham's global presence and resources. The flagship property, Grand Residences Riviera Cancun, features 144 luxury suites and premium amenities. The initiative responds to increased demand from hotel owners seeking recovery post-pandemic, supported by Wyndham’s award-winning Wyndham Rewards loyalty program.

Wyndham Hotels & Resorts (NYSE: WH) announced that CEO Geoffrey A. Ballotti and CFO Michele Allen will speak at the Goldman Sachs Travel and Leisure Conference on June 7, 2021, at 1:45 p.m. ET. A live audio webcast of the event will be available on the company's investor relations website. Wyndham is the world's largest hotel franchising company, with over 8,900 hotels in nearly 95 countries and more than 797,000 rooms. The company operates a portfolio of 20 brands and offers the Wyndham Rewards loyalty program with 87 million members.

Wyndham Hotels & Resorts is expanding its presence in Turkey, with the upcoming opening of Days Hotel by Wyndham Istanbul Maltepe, its first property under the economy brand. This 80-room hotel, located near Maltepe's business district, is set to open later this summer. Alongside it, Days Hotel by Wyndham Istanbul Esenyurt, a 176-room hotel, will also debut later this year. Wyndham currently operates 80 hotels in Turkey and has a development pipeline of over 2,000 rooms. This expansion is part of Wyndham's strategy to cater to growing travel demand in the region.

Wyndham Hotels & Resorts has announced the global rollout of Oracle's OPERA Cloud Property Management System (PMS), making it the first major hotel company to implement this technology. Following successful trials at nearly 50 hotels, about 20% of Wyndham's full-service portfolio is expected to adopt the new PMS within the next year. This move is part of a broader digital transformation aimed at enhancing guest experiences and operational efficiencies. The cloud-based system allows for mobile access, streamlined operations, and reduced costs, fostering a competitive edge for Wyndham's franchisees.

Wyndham Hotels & Resorts (NYSE: WH) announced a quarterly cash dividend of $0.16 per share, payable on June 30, 2021, to shareholders recorded by June 16, 2021. This action reflects the company's commitment to returning value to shareholders despite ongoing challenges in the hospitality industry, especially amid the effects of COVID-19. Wyndham operates over 8,900 hotels globally, catering to everyday travelers with a portfolio of 20 brands including Super 8® and Days Inn®.

Wyndham Hotels & Resorts continues to expand despite industry challenges, converting 52 hotels to its brands in Q1 2021, representing over 70% of global room additions. The development pipeline now includes approximately 1,400 hotels and 187,000 rooms. The company awarded 112 new franchise contracts and reported growth in RevPAR and domestic market share gains. Recent conversions span across regions including the Americas, Europe, and Asia Pacific, showcasing the brand's strong market presence. Wyndham's diverse portfolio caters to increasing leisure travel demand.

Days Inn by Wyndham announces the return of its popular Sunternship program, inviting applicants to explore the U.S. for two weeks. The initiative targets travel enthusiasts, offering a $10,000 paycheck, daily travel stipend of $250, and hotel accommodations. Applications are open until June 1, 2021, in a bid to inspire summer travel and engage youth after the pandemic. The selected Suntern will create content highlighting top destinations, enhancing brand visibility across social media platforms. Interested candidates must be 21 or older and U.S. residents.

On April 28, 2021, Wyndham Hotels & Resorts (NYSE: WH) reported Q1 2021 results, reflecting diluted EPS of $0.26 and adjusted EPS of $0.36. Net income reached $24 million, while revenues fell to $303 million due to an 11% drop in RevPAR. The company generated $64 million in net cash from operations and $59 million in free cash flow. Despite a decline in global RevPAR of 31% from Q1 2019, leisure travel demand showed early recovery. Wyndham redeemed $500 million in senior notes to lower annual interest expenses by $27 million.