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) has partnered with Ceres Development to launch three new hotels in Indiana and Ohio, enhancing its market presence. This expansion aligns with Wyndham's robust conversion growth, achieving a 100% increase in domestic conversions compared to Q3 2019. The new properties include the Wyndham Noblesville and Wyndham Westfield in Indiana, and the Wyndham Avon in Ohio, designed for both business and leisure travelers. The hotels offer modern amenities, meeting spaces, and convenient access to local attractions, signaling Wyndham's commitment to growth in key midwestern markets.
Wyndham Rewards partners with Bakkt to allow members to convert points into cash via the Bakkt App. Starting today, members can link their accounts and convert their points for various uses including bank deposits, gift cards, and purchases through Apple Pay and Google Pay. As part of a promotional offer running until February 15, 2022, members can earn up to 3,000 bonus points for linking their accounts and completing their first cash conversion. Wyndham Rewards is recognized as a top hotel loyalty program with over 90 million members.
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Wyndham Hotels & Resorts has added The Bristol Panama, a luxury hotel, to its Registry Collection Hotels portfolio. Located in Panama City's Financial District, the hotel features 125 rooms and 48 executive residences, catering to both business and leisure travelers. Known for its refined design and extensive event space, it is recognized as one of the top hotels in the Caribbean and Central America. The addition of The Bristol Panama enhances Wyndham's offerings to independent luxury hoteliers, leveraging the company's global reach.
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Wyndham Hotels & Resorts announced the opening of its first La Quinta by Wyndham hotel in China, set to debut in late December in Weifang, Shandong province. This addition aligns with Wyndham's expansion strategy, bolstering its Asia Pacific portfolio of over 1,600 hotels. The La Quinta Weifang South offers modern amenities and extensive conference spaces, catering to both business and leisure travelers. The hotel aims to meet the growing demand for branded accommodations in emerging cities across China.
Wyndham Hotels & Resorts (NYSE: WH) has declared a quarterly cash dividend of $0.32 per share, bringing it back to its pre-pandemic level. This dividend, a 33% increase from the prior quarter's $0.24, will be paid on December 29, 2021, to shareholders on record as of December 15, 2021. This decision reflects the company's recovery momentum and commitment to returning value to shareholders.
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.