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 strong Q3 2024 results with system-wide rooms growing 4% year-over-year. Global RevPAR increased 1% in constant currency. The company achieved diluted EPS of $1.29, up 7%, and adjusted diluted EPS of $1.39, growing 6%. Net income was $102 million, slightly down 1% from prior year. Adjusted EBITDA increased 4% to $208 million.
The company's development pipeline grew 5% year-over-year to a record 248,000 rooms, with 197 new development contracts awarded globally. Wyndham returned $126 million to shareholders through share repurchases and dividends. The company raised its full-year 2024 EPS outlook while reaffirming other guidance metrics.
Travel + Leisure Co. (NYSE:TNL) reported strong third quarter 2024 results with net income of $97 million and net revenue of $993 million. The company achieved $1.39 diluted earnings per share from continuing operations and adjusted EBITDA of $242 million. Volume per guest remained above $3,000 with a 4% increase in tours year-over-year and new owner tours up 9%. The company returned $105 million to shareholders through dividends and share repurchases. Management expects fourth quarter adjusted EBITDA between $240-260 million and reaffirmed full-year guidance.
Wyndham Hotels & Resorts has signed an exclusive development agreement with NILE Hospitality LLP to introduce its Microtel by Wyndham brand to India, marking the eighth Wyndham brand in the country. The partnership aims to open 40 Microtel hotels by 2031, targeting key Tier II, III, and IV cities. This strategic move aligns with India's infrastructure development and growing hospitality market.
Microtel by Wyndham, known for its efficiency and modern design, will debut in India with the first hotels opening in 2025. Each property will have a minimum of 50 keys and feature amenities tailored to regional needs. This expansion is part of Wyndham's robust growth strategy in India, where it currently has 60 hotels and expects 25% growth in the next 18 months.
The agreement leverages Wyndham's global presence and NILE's regional expertise to tap into India's expanding economy lodging segment. Franchisees will benefit from the Wyndham Advantage, including access to innovative technology and the Wyndham Rewards program with approximately 110 million enrolled members.
Wyndham Hotels & Resorts has launched Accelerator Circle, a new initiative to enhance its BOLD (Black Owners and Lodging Developers) and Women Own the Room programs. This initiative provides exclusive access to Wyndham's network of existing owners and industry experts through quarterly, small-group virtual meetups. The Accelerator Circle aims to fast-track hotel openings and maximize performance for diverse hoteliers.
The BOLD and Women Own the Room programs have already resulted in over 90 hotel deals with Black and women hoteliers, with more than 20 hotels now open. The Accelerator Circle will focus on topics such as securing financing, hotel renovations, development, and operations. The first session will be led by WaterWalk CEO Mimi Oliver, discussing how to optimize relationships with franchisors.
BGL Real Estate Advisors has successfully completed the brand conversion and financial restructuring of three new Wyndham hotels, totaling 397 keys, for owners Ceres Enterprises and The Orlean Company. The properties include the 113-key Wyndham Avon (OH), 132-key Wyndham Noblesville (IN), and 152-key Wyndham Westfield (IN). BGL's team advised on the conversion process, sourced fresh capital, and negotiated with lenders to optimize operations.
The restructuring involved retiring previous brand Mezzanine loans, negotiating CMBS loan payoffs, refinancing with a bridge loan, raising preferred equity, and modifying existing loans. Amit Sripathi, CDO of Wyndham Hotels & Resorts, emphasized the benefits of joining the Wyndham brand, including global marketing and access to Wyndham Rewards. David Crisafi, President of Ceres Enterprises, noted a significant boost in top and bottom lines after switching to the Wyndham flag.
Ramada by Wyndham is launching a search for a Chief Eats Officer (CEO) to embark on a global journey, exploring local cuisines and experiences across up to seven countries in three weeks. The selected candidate will receive a $15,000 compensation package, including a $10,000 travel stipend, $5,000 cash, and up to 21 nights of paid accommodations.
The CEO will visit Ramada hotels across multiple continents, capturing content to be showcased on the brand's website and social media channels. Potential destinations include cities in Asia, Europe, the Middle East, Africa, Latin America, the Caribbean, and North America.
To apply, candidates must post a public video on TikTok or email their submission, explaining why they are ideal for the role. The application deadline is October 22, 2024, and the winner will be selected around November 14, 2024. Applicants must be at least 21 years old, have a valid passport, and be available to travel between April 1, 2025, and June 30, 2025.
Wyndham Rewards has become the Proud Hotel Rewards Partner of Penn State Athletics through a multi-year sponsorship. This partnership offers exclusive access to special ticket packages for football and men's basketball, redeemable with Wyndham Rewards points starting at 35,000 points. Members can also redeem points for VIP experiences such as sideline passes and tunnel access.
The partnership includes Wyndham signage in Penn State facilities like Beaver Stadium and Bryce Jordan Center. With approximately 110 million enrolled members worldwide, Wyndham Rewards offers guaranteed 1,000 points with every qualified stay. Free nights start at 7,500 points per bedroom per night, while discounted nights start at 1,500 points.
Until October 21, 2024, members can get a 25% discount when buying 3,000+ Wyndham Rewards points, which can be used for Penn State football experiences and free nights at hotels worldwide.
Wyndham Hotels & Resorts (NYSE: WH) has announced it will report its third quarter 2024 earnings on Wednesday, October 23, 2024 at approximately 4:30 p.m. ET. The company will host a conference call and webcast for investors on October 24, 2024 at 8:30 a.m. ET to discuss the results and business outlook.
Investors can access the webcast through the company's website or join the conference call by phone. A telephone replay will be available for about ten days after the call. Wyndham Hotels & Resorts is the world's largest hotel franchising company by property count, with approximately 9,200 hotels across over 95 countries. The company operates a portfolio of 25 hotel brands and has a loyalty program with about 110 million enrolled members.
Super 8 by Wyndham has unveiled INNOV8TE 2.0, a new guestroom design package for its hotels in the U.S. and Canada. Starting at $1,850 per key, this upgrade combines stylish improvements with operational efficiency. Key features include:
- Sleek furniture with integrated appliances
- Vibrant accent pieces in Super 8's iconic colors
- Modern window treatments
- Durable flooring options
- Compact, easy-to-maintain seating
- Signature black-and-white headboard art
The design aims to enhance guest satisfaction while maximizing owner savings through efficient maintenance and durable materials. Owners can implement the upgrade all at once or gradually, with support available through Wyndham's Manufacturer Direct program or Procurement Service Providers.
Wyndham Hotels & Resorts has debuted its first Registry Collection Hotel in the United States with the newly renovated The Mining Exchange in Colorado Springs. The 128-room hotel, located in downtown Colorado Springs, offers guests a blend of rich history and modern luxuries. The Registry Collection Hotels portfolio, introduced in 2021, now includes over 20 world-class hotels globally with nearly 10 more in the pipeline.
The Mining Exchange features multiple culinary outlets, a full-service spa, and an on-site art gallery. Guests can earn double Wyndham Rewards points and receive a $25 nightly in-stay credit for bookings made by December 31, 2024, with stays completed by May 31, 2025. This addition marks a significant expansion for Wyndham's luxury brand in the U.S. market.
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