Wyndham Hotels & Resorts Inc Stock Price, News & Analysis

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.

Wyndham Rewards has been ranked the top hotel rewards program by USA Today readers for the seventh consecutive year, while the Wyndham Rewards Earner® Card was named the best hotel credit card for the sixth consecutive year. The program, spanning over 60,000 hotels, vacation club resorts, and vacation rentals globally, was also recently recognized by U.S. News & World Report and NerdWallet.

With 110 million enrolled members worldwide, Wyndham Rewards offers a guaranteed 1,000 points with every qualified stay. Members can redeem points for free nights, starting at 7,500 points per room per night, or discounted nights from 1,500 points. The program's credit cards offer up to 8x earn on gas purchases and hotel stays, enhancing the rewards earned on everyday purchases.

Wyndham Hotels & Resorts (NYSE: WH) has declared a quarterly cash dividend of $0.38 per share on its common stock. The dividend is payable on September 27, 2024, to shareholders of record as of September 13, 2024. Wyndham is the world's largest hotel franchising company by property count, with approximately 9,200 hotels across over 95 countries on six continents. The company operates a portfolio of 25 hotel brands, including well-known names like Super 8, Days Inn, and Ramada. Wyndham's loyalty program, Wyndham Rewards, has about 110 million enrolled members who can redeem points at thousands of hotels, vacation club resorts, and vacation rentals globally.

Wyndham Hotels & Resorts has expanded its presence in South Korea with the opening of La Vie D'or Hotel and Resort, Trademark Collection by Wyndham. This marks the debut of the Trademark Collection brand in the country, bringing Wyndham's total hotel count in South Korea to over 30. Located in Hwaseong-si, the resort offers a blend of comfort and tranquility, featuring a nine-hole golf course, fine dining, and easy access to nearby attractions and business hubs.

The resort spans 330,000 square meters and includes 190 elegant rooms, various convention facilities, fitness center, saunas, and swimming pools. It caters to both business and leisure travelers, with a prime location for corporate events and MICE. This expansion aligns with South Korea's growing tourism sector, which welcomed approximately 11 million inbound visitors in 2023 and is expected to reach a market value of $13.66 billion by 2024.

The 85th annual Wyndham Championship returns to Sedgefield Country Club, transforming it into a tropical oasis. This fan-friendly PGA TOUR event offers attendees the chance to win one million Wyndham Rewards points daily, along with hundreds of other prizes. New attractions include Wyndham Rewards Putter's Paradise, featuring vacation-themed putting holes. The tournament continues its Wyndham Championship Fore! Good philanthropic efforts, donating $25,000 to each signature backpack charity. A new mural honoring The Greensboro Six was unveiled at Gillespie Golf Course, celebrating civil rights pioneers in golf. Wyndham Rewards, the title sponsor, connects Wyndham Hotels & Resorts and Club Wyndham, offering members points for stays and various redemption options.

Wyndham Rewards has unveiled a mural at Gillespie Golf Course in Greensboro, N.C., honoring The Greensboro Six, civil rights pioneers who helped desegregate golf. Created by artist Vincent Ballentine, the mural celebrates the six men's role in changing professional golf and highlights First Tee - Central Carolina, which now calls Gillespie home. The unveiling kicks off a week of activities supporting the PGA TOUR's 85th annual Wyndham Championship.

Additionally, Wyndham Rewards announced plans for a short-form documentary about The Greensboro Six and the mural's creation, directed by Emmy-nominated Eternal Polk. The film will feature interviews with surviving family members and community leaders, with a trailer available on First Tee Central Carolina's website.

Sabre Hospitality, a division of Sabre (NASDAQ: SABR), has renewed its long-term agreement with Wyndham Hotels & Resorts, the world's largest hotel franchisor. Wyndham will continue to use Sabre's SynXis Central Reservation System (CRS) for its global operations, extending a partnership that has lasted nearly two decades.

The SynXis CRS platform offers Wyndham efficient pricing and inventory management, global distribution connectivity, and integration with its Wyndham Rewards program. This renewal supports Wyndham's strategy across its 25 brands and over 9,100 hotels in 95 countries, handling nearly 70 million transactions annually.

Earlier this year, Sabre successfully migrated over 5,000 Wyndham properties to the SynXis Property Hub, including a record 550 hotels in a single month, demonstrating the platform's scalability and efficiency.

Super 8 by Wyndham is celebrating its 50th anniversary with a special promotion offering rooms at the 1974 rate of $8.88 per night. This -time offer is available for 888 room nights, bookable starting August 8, 2024, at 8:00 AM ET. The promotion reflects Super 8's growth from a single hotel in Aberdeen, South Dakota, to a global brand with over 2,600 locations.

The brand has recently undergone a $140+ million overhaul by franchisees, modernizing rooms with sleek furniture, stylish bedding, and unique local artwork. The $8.88 rate will be fulfilled as 15,000 Wyndham Rewards points, redeemable for at least one free night at hundreds of Super 8 hotels within 18 months of purchase. This promotion is available to U.S. and Canadian residents aged 18 and over, with a limit of one purchase per person.