Wyndham Hotels & Resorts Inc Stock Price, News & Analysis

Wyndham Hotels & Resorts expands its presence in Gujarat with the opening of the Wyndham Ahmedabad Shela, adding to its portfolio of over 4,000 hotel rooms in India. The new hotel features 65,000 square feet of meeting space, accommodating up to 3,500 guests, alongside various amenities like pools and a spa. Wyndham has executed 18 new franchise agreements and is developing 11 new hotels in India, enhancing its market position. The company was recognized for its strong hospitality development at the South Asian Travel Awards.

Wyndham Hotels & Resorts has expanded into Nepal with the opening of the Ramada Encore by Wyndham Kathmandu-Thamel, adding 90 rooms to its portfolio. This new hotel is part of a revitalization project in Kathmandu's commercial hub, near key attractions including the base camp for Mount Everest and the Garden of Dreams. With over 50 operational properties in the Indian subcontinent, Wyndham plans to develop 30 more in India, Bhutan, Bangladesh, and Pakistan by 2025. The hotel features modern amenities such as a rooftop pool, spa, and versatile meeting space.

Wyndham Hotels & Resorts (NYSE: WH) will announce its fourth quarter and full-year 2020 results on February 10, 2021, at approximately 5:00 p.m. ET. Following this, CEO Geoffrey A. Ballotti and CFO Michele Allen will host an investor call on February 11, 2021, at 8:30 a.m. ET to discuss the results and outlook. Wyndham operates around 9,000 hotels globally and has a leading presence in the economy and midscale segments of the lodging industry, with a loyalty program boasting 85 million members.

Wyndham Hotels & Resorts (NYSE: WH) announced the departure of Chief Administrative Officer Mary R. Falvey, effective March 1, 2021, after a 22-year career with the company. CEO Geoffrey A. Ballotti expressed gratitude for Falvey's contributions, highlighting her role in building the company's culture. The company also named Monica Melancon, formerly its human resource leader for managed hotel operations in North America, as the new Chief Human Resource Officer, effective the same day. Melancon has extensive experience, including a significant role at Target.

Wyndham Hotels & Resorts announced the opening of two new properties in Dubai, enhancing its presence in the UAE. The upscale Wyndham Dubai Deira features 290 rooms and suites, while the budget-friendly Super 8 by Wyndham Dubai Deira marks the brand's debut in the UAE. Both hotels are part of the Deira Enrichment Project, aiming to cater to varying accommodation needs in the region. Wyndham now operates 16 hotels in the UAE and is set to open another property, Days Hotel by Wyndham Dubai Deira, in 2021.

Wyndham Hotels & Resorts is set to open the Wyndham Grand® Adelaide in 2024, marking its first venture into Australia. This landmark hotel will rise 120 meters in Adelaide's Central Business District and is estimated to cost AUD150 million. Featuring 347 rooms, the hotel will provide luxury facilities including a rooftop restaurant, an infinity pool, and a day spa. This development aligns with the ongoing investment surge in South Australia, enhancing Wyndham's portfolio in the region, which currently includes nearly 30 hotels across major cities.

Wyndham Hotels & Resorts (NYSE: WH) has declared a quarterly cash dividend of $0.08 per share, payable on December 30, 2020, to shareholders of record by December 15, 2020. This decision reiterates the company's commitment to returning value to shareholders amidst ongoing challenges in the hospitality industry.

Operating approximately 9,000 hotels globally, Wyndham commands significant market presence in the economy and midscale segments.

Wyndham Grand is launching a 'Roam for the Holidays' package, offering a 10% discount on stays and unique amenities at select U.S. locations. This initiative includes a new 'Connection Concierge' service to assist guests in connecting virtually with loved ones during their stay. Available through the end of the year, the service supports video calls and recommends scenic spots on-property. Enhanced health and safety protocols are being implemented due to COVID-19, and Wyndham Rewards members can book these packages to enjoy added benefits.

Wyndham Hotels & Resorts is launching its TRYP^® by Wyndham brand in New Zealand with two new hotels: the 212-room TRYP by Wyndham Remarkables Park Queenstown and the 76-room TRYP by Wyndham Tory Street Wellington. Developed by Safari Group, these hotels aim to enhance Wyndham's lifestyle offerings. The Queenstown hotel is set to open in 2023, offering modern amenities and scenic views, while the Wellington hotel, designed in a 1920s art deco style, is expected to open in March 2022. This expansion signifies Wyndham's commitment to growth in key markets.