Wyndham Hotels & Resorts(WH)

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Wyndham Unveils New Initiatives to Drive Owner Success, Strengthen Hotel Performance
Prnewswire· 2025-05-20 19:01
Core Insights - Wyndham Hotels & Resorts emphasizes a franchisee-first approach, focusing on long-term success through tailored solutions and support [1] Technology Initiatives - The launch of Wyndham Connect PLUS enhances guest engagement with AI-driven features for booking and inquiries, available for pilot by qualified franchisees at no cost until year-end [2] - Wyndham Gateway introduces a centralized guest Wi-Fi portal, creating new revenue streams through Wi-Fi upsell opportunities while simplifying loyalty enrollment [3] - Wyndham Marketplace and Wyndham PriceIQ streamline sourcing for hotel owners, enabling easier access to brand-approved products at negotiated rates [4] Insurance Solutions - A partnership with HUB International provides franchisees with affordable, high-quality insurance options, ensuring compliance and cost reduction [5] Rewards Program Enhancements - Wyndham Rewards® expands benefits with Wyndham Rewards Experiences, allowing members to bid on exclusive events and experiences [6] - A new partnership with Applebee's enables members to earn points on mobile orders with free hotel delivery [7] - Changes in reimbursement for free night stay redemptions will incorporate guest satisfaction scores, enhancing the rewards program's appeal [8] Marketing Strategy - A new marketing campaign, "Where There's a Wyndham, There's a Way," aims to unify the brand and capture demand across various media platforms [10] Company Overview - Wyndham is the largest hotel franchising company globally, with approximately 9,300 hotels in over 95 countries and a strong presence in the economy and midscale segments [13] - The company has invested nearly $350 million in technology since going public in 2018, enhancing sales, marketing, and operational support [11]
WH Expands Super 8 Brand to Support Saudi Arabia's Tourism Growth
ZACKS· 2025-05-15 17:15
Wyndham Hotels & Resorts, Inc. (WH) has signed an exclusive development agreement with Le Park Concord Company to expand its Super 8 brand in Saudi Arabia. The company plans to open 100 hotels over the next 10 years as part of this agreement. This move reflects Wyndham's long-term focus on accessible and sustainable hospitality growth in the region.The signing was supported by the Ministry of Tourism of Saudi Arabia. The agreement aligns with the Kingdom of Saudi Arabia’s Vision 2030 and aims to improve tra ...
Wyndham Hotels & Resorts(WH) - 2025 Q1 - Quarterly Report
2025-05-01 16:45
Financial Performance - Total net revenues for the three months ended March 31, 2025, increased by $11 million, or 4%, compared to the prior-year period, reaching $316 million [109]. - Adjusted EBITDA for the Hotel Franchising segment increased by $3 million, or 2%, compared to the prior-year period, totaling $161 million [113]. - Operating income for the three months ended March 31, 2025, increased by $62 million, or 124%, compared to the prior-year period, reaching $112 million [109]. - Net income for the three months ended March 31, 2025, increased by $45 million, or 281%, compared to the prior-year period, totaling $61 million [111]. - Total expenses decreased by $51 million, or 20%, compared to the prior-year period, primarily due to lower other expenses [109]. Room and Revenue Growth - The total number of rooms grew by 4% year-over-year, with U.S. rooms increasing by 1% and international rooms by 7% [106]. - Global RevPAR for the three months ended March 31, 2025, increased by 2% year-over-year, driven by a 2% increase in the U.S. and a 3% increase internationally [108]. - The average royalty rate for U.S. franchised properties increased by 19 basis points to 4.8%, while the global average royalty rate rose by 16 basis points to 4.0% [106]. Development and Investments - As of March 31, 2025, the global development pipeline included approximately 2,140 hotels and 254,000 rooms, marking a 5% year-over-year increase [114]. - The company invested $7 million in capital expenditures during Q1 2025, primarily for information technology [128]. - Approximately $28 million was deployed in development advance notes during the quarter, with an expected total investment of $110 million for 2025 [129]. Cash Flow and Shareholder Returns - Net cash provided by operating activities decreased by $17 million year-over-year, totaling $59 million for Q1 2025 [125]. - The company repurchased approximately 0.8 million shares at an average price of $95.23, costing $76 million in Q1 2025 [133]. - Cash dividends declared in Q1 2025 amounted to $0.41 per share, totaling $32 million [134]. Debt and Liabilities - Total assets increased by $26 million from December 31, 2024, to March 31, 2025, primarily due to an increase in development advance notes and loan receivables [117]. - Total liabilities rose by $97 million during the same period, mainly due to a $65 million increase in outstanding debt [117]. - As of March 31, 2025, the first-lien leverage ratio was 2.9 times, in compliance with financial covenants [135]. - As of March 31, 2025, the total outstanding balance of variable-rate borrowings, net of swaps, was $620 million [143]. Interest and Tax Rates - Interest expense for the three months ended March 31, 2025, increased by $5 million, or 18%, compared to the prior-year period, primarily due to a higher average interest rate [109]. - The effective tax rate decreased to 22.8% for the three months ended March 31, 2025, from 27.3% in the prior-year period, due to higher tax benefits associated with stock-based compensation [110]. Market Risks - A hypothetical 10% change in the effective weighted average interest rate on variable-rate borrowings would result in a $3 million increase or decrease in annual long-term debt interest expense [143]. - A hypothetical 10% change in foreign currency exchange rates would result in approximately a $10 million increase or decrease to the fair value of outstanding forward foreign currency exchange contracts [147]. - The company anticipates that foreign currency exchange rate risk will remain a market risk exposure for the foreseeable future [145]. - Total market risk is influenced by market volatility and liquidity, with limitations inherent in the sensitivity analyses presented [149].
Wyndham Hotels & Resorts(WH) - 2025 Q1 - Earnings Call Transcript
2025-05-01 12:30
Wyndham Hotels & Resorts (WH) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Company Participants Matt Capuzzi - SVP IRGeoff Ballotti - President, CEO & DirectorMichele Allen - CFO & Head of StrategyLizzie Dove - Vice President Equity ResearchMichael Bellisario - Managing DirectorDavid Katz - Managing DirectorStephen Grambling - Managing DirectorDany Asad - DirectorPatrick Scholes - Managing Director - Lodging & Leisure Equity ResearchIan Zaffino - Managing Director Conference Call Participants Brandt Monto ...
Wyndham Hotels & Resorts(WH) - 2025 Q1 - Earnings Call Transcript
2025-05-01 12:30
Wyndham Hotels & Resorts (WH) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Speaker0 Welcome everyone to the Wyndham Hotels and Resorts First Quarter twenty twenty five Earnings Conference Call. At this time, all participants have been placed in a listen only mode and the floor will be open for your questions following the presentation. I would now like to turn the call over to Matt Cappuzzi, Senior Vice President of Investor Relations. Speaker1 Thank you, operator. Good morning and thank you for joining u ...
Compared to Estimates, Wyndham (WH) Q1 Earnings: A Look at Key Metrics
ZACKS· 2025-04-30 23:35
Wyndham Hotels (WH) reported $316 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 3.6%. EPS of $0.86 for the same period compares to $0.78 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $316.19 million, representing a surprise of -0.06%. The company delivered an EPS surprise of +4.88%, with the consensus EPS estimate being $0.82.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...
Wyndham Hotels (WH) Q1 Earnings Top Estimates
ZACKS· 2025-04-30 23:01
Wyndham Hotels (WH) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.88%. A quarter ago, it was expected that this hotel and resort chain would post earnings of $1 per share when it actually produced earnings of $1.04, delivering a surprise of 4%.Over the last four quarters, the comp ...
Wyndham Hotels & Resorts(WH) - 2025 Q1 - Earnings Call Presentation
2025-04-30 21:19
Investor Presentation April 30, 2025 Wyndham Grand Phnom Penh Capital Phnom Penh, Cambodia Opened March 2025 Introduction to Wyndham Hotels & Resorts Largest hotel franchisor worldwide(a) Leading brands in the resilient select-service segment Asset-light business model generating significant free cash flow Primarily leisure-focused, "drive to" portfolio of hotels ~9,300 Hotels ~907,000 Current Rooms ~254,000 Rooms in the Pipeline 95+ Countries 25 Brands 115M+ Loyalty Members ~90% Drive to Destinations ~70% ...
Wyndham Hotels & Resorts(WH) - 2025 Q1 - Quarterly Results
2025-04-30 20:31
WYNDHAM HOTELS & RESORTS REPORTS STRONG FIRST QUARTER RESULTS Company Delivers Record First Quarter Openings and Development Pipeline PARSIPPANY, N.J., April 30, 2025 - Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended March 31, 2025. Highlights include: "We delivered a solid start to the year with strong system growth, record first-quarter openings and continued expansion across every region," said Geoff Ballotti, president and chief executive officer. "While the macro ...
WYNDHAM HOTELS & RESORTS REPORTS STRONG FIRST QUARTER RESULTS
Prnewswire· 2025-04-30 20:30
Company Delivers Record First Quarter Openings and Development Pipeline PARSIPPANY, N.J., April 30, 2025 /PRNewswire/ -- Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended March 31, 2025. Highlights include: Global openings of 15,000 rooms increased 13% year-over-year, a record first quarter. System-wide rooms grew 4% year-over-year. Awarded 181 development contracts globally, an increase of 6% year-over-year. Development pipeline grew 1% sequentially and 5% year-over-yea ...