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 Inc (NYSE: WH), the world's largest hotel franchisor, provides investors and industry professionals with timely updates through this centralized news hub. Track official announcements spanning strategic partnerships, property expansions, and operational innovations across its 90+ country network.
This resource delivers essential updates for monitoring WH's performance in the economy/midscale lodging sector, including quarterly earnings, franchise development milestones, and technology initiatives like next-generation property management systems. Users gain insights into the company's asset-light growth strategy and award-winning loyalty programs driving its 9,000+ property portfolio.
Key content categories include mergers & acquisitions, brand development across flags like La Quinta and Ramada, sustainability efforts, and market expansion in high-growth regions. The curated feed supports analysis of WH's owner-first franchising model and competitive positioning against hospitality industry trends.
Bookmark this page for streamlined access to WH's latest regulatory filings, leadership updates, and data-driven performance metrics. Check regularly for developments impacting one of the lodging sector's most geographically diversified investment opportunities.
Wyndham Hotels & Resorts (NYSE: WH) reported a net income of $27 million for Q3 2020, down from $45 million in Q3 2019. Diluted EPS was $0.29, while adjusted EPS hit $0.36. Revenue dropped to $337 million, a 40% decline year-over-year, correlating with a 35% fall in global comparable RevPAR. Despite challenges, the company generated $101 million of adjusted EBITDA and $92 million in free cash flow, while over 99% of its domestic portfolio remained open. The firm announced a quarterly dividend of $0.08 per share and issued $500 million in senior unsecured notes to enhance liquidity.
Wyndham Hotels & Resorts has announced a partnership with Amperity to enhance its global marketing through a new customer data platform. This platform consolidates data from various sources to create a comprehensive view of guests, enabling targeted marketing strategies. The initiative is part of Wyndham's ongoing digital transformation, aimed at improving customer engagement and operational efficiency. The deployment of the platform took less than four months, marking a significant step in Wyndham's technology investments during the COVID-19 pandemic.
Wyndham Rewards has been named the best hotel loyalty program for the third consecutive year by USA Today 10Best Readers' Choice Awards. Its co-branded Wyndham Rewards® Visa® Card also received the top honor as the best travel and hotel credit card. The program boasts over 84 million members, who significantly contribute to the company's revenue. New credit cards recently launched enhance point earning for everyday and travel purchases. The loyalty program offers guaranteed points per stay and flexible rewards, fostering member engagement amidst evolving travel demands post-COVID-19.
Wyndham Hotels & Resorts (NYSE: WH) will report its third quarter 2020 results on October 28, 2020, at 5:00 p.m. ET. The earnings call for investors, led by CEO Geoffrey A. Ballotti and CFO Michele Allen, will occur on October 29, 2020, at 8:30 a.m. ET. Listeners can access the live webcast via the company's investor relations website. Wyndham is the largest hotel franchising company globally, with over 9,000 hotels across approximately 90 countries and a significant presence in the economy and midscale segments.
Wyndham Hotels & Resorts and Barclays launched three credit cards tailored for road travelers: the Wyndham Rewards® Earner Card, the Earner Plus Card, and the Earner Business Card. These cards offer substantial rewards, including up to 8x points for gas and hotel purchases. The Earner Card has no annual fee and provides 30,000 bonus points; the Plus Card offers a $75 fee with 45,000 bonus points; and the Business Card has a $95 fee with similar bonuses. These offerings cater to the increasing number of travelers opting for road trips during the pandemic, aiming for cost-effective rewards and convenience.
Wyndham Hotels & Resorts announced the launch of its new mobile app, now available on iOS and Android. The app prioritizes low-contact features like mobile check-in/check-out at nearly 6,000 hotels in the U.S., addressing the demands of travelers during the pandemic. Key features include Lightning Book, Digital Room Key, and personalized offers, enhancing user experience and simplifying hotel bookings.
Wyndham Hotels & Resorts (NYSE: WH) announced a quarterly cash dividend of $0.08 per share, payable on September 30, 2020. Shareholders on record as of September 15, 2020 will receive this dividend. Wyndham is a leading hotel franchising company with over 9,000 hotels worldwide, serving 84 million loyal members in its Wyndham Rewards program. The company remains focused on its market presence amidst ongoing challenges in the hospitality sector due to the COVID-19 pandemic.
Wyndham Rewards® proudly sponsors the 81st annual Wyndham Championship at Sedgefield Country Club in Greensboro, N.C., starting August 11, 2020. Due to the COVID-19 pandemic, the tournament will be conducted without spectators, maintaining its charitable commitments through the Wyndham Championship Fore! Good initiative. Fans can enjoy virtual engagement and vacation-themed experiences. Wyndham Rewards, named the top hotel rewards program, offers over 30,000 properties worldwide, and has implemented robust health protocols to ensure safety. The tournament culminates in the Wyndham Rewards Top 10, awarding $10 million in bonuses.
Wyndham Hotels & Resorts (NYSE: WH) has priced its offering of $500 million of 4.375% Senior Notes due 2028, increasing the offering size by $150 million. The offering will close on August 13, 2020, pending customary conditions. Proceeds will be used to repay existing borrowings under a revolving credit facility. Additionally, the company amended its credit agreement to eliminate the 0.50% LIBOR floor, resetting it to 0.00% at the end of the relief period. The Notes will be offered only to qualified institutional buyers.
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