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.
News and disclosures about Wyndham Hotels & Resorts, Inc. (NYSE: WH) focus on its role as a global hotel franchising company and on developments across its portfolio of 25 brands. The company describes itself as the world's largest hotel franchising business by number of franchised properties, with approximately 8,300 hotels and over 855,000 rooms in about 100 countries on six continents. Its news flow reflects brand expansion, loyalty program initiatives, financial updates and corporate governance changes.
Brand and development announcements highlight how Wyndham grows its system and enters new markets. Recent examples include Balfour Miami Beach joining Registry Collection Hotels as an independent property in Miami Beach, the opening of Wyndham Grand Udaipur Fatehsagar Lake in India as part of the Wyndham Grand portfolio, and the Asia-Pacific debut of Baymont by Wyndham with Baymont Kunming Wuhua in Kunming, China. These stories illustrate the company’s emphasis on economy and midscale lodging, extended stay, lifestyle and independent collections under its franchising model.
Investors and followers of WH stock will also see regular updates on Wyndham Rewards, the company’s loyalty program with approximately 121 million enrolled members. News items may cover promotions such as limited-time status upgrades, bonus point offers and partnerships designed to drive member engagement across thousands of participating hotels, vacation club resorts and vacation rentals globally.
Corporate and financial news includes quarterly earnings releases, which discuss system-wide room growth, development pipeline metrics, revenue per available room (RevPAR), fee-related revenues, adjusted EBITDA and capital allocation through share repurchases and dividends. Additional items cover changes to the company’s credit facilities, board appointments such as the addition of Alexandra A. Jung as an independent director, and executive transitions like the appointment of an interim chief financial officer.
By following this news stream, readers can monitor how Wyndham expands its franchised hotel system, manages its loyalty platform and reports on financial and governance developments that may be relevant to WH shareholders and observers of the global lodging industry.
Wyndham Hotels & Resorts announced that its Wyndham Rewards® Earner Cards received multiple accolades in Forbes Advisor's "Best of 2021" lists. The Wyndham Rewards Earner Business Card was highlighted as "Best for Road Warriors" in two categories, while the no-annual-fee Wyndham Rewards Earner Card earned recognition as "Best for Road Trips." The Business Card offers 8 points per $1 on gas and hotel stays, and the no-annual-fee card offers 5 points. The company emphasizes its commitment to guest safety and flexible policies as travel resumes.
Wyndham Hotels & Resorts has partnered with Rover to offer U.S. guests $30 off their first Rover pet service when booking a stay at any By Wyndham hotel. This collaboration responds to the increasing trend of dog adoptions during the COVID-19 pandemic, with polls indicating nearly half of recent pet owners acquired dogs during this time. The partnership aims to ease travel for pet parents by providing affordable pet care solutions, enhancing the experience for those traveling with or without their pets.
Wyndham Hotels & Resorts has announced seven new hotel franchise agreements for its Wyndham brand in the U.S. These hotels will be managed by Charlestowne Hotels and include five lifestyle hotels from The Thrash Group's Origin Hotel Collection. The new properties will contribute to Wyndham's expansive portfolio of approximately 9,000 hotels worldwide. This growth is aimed at enhancing operational efficiency and connecting to the acclaimed Wyndham Rewards loyalty program, benefiting both guests and hotel owners.
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.
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