Milestone comes as China looks to become world's largest travel and tourism market by 2035; builds on Wyndham's reacquisition of direct franchising rights for Days Inn in 2019 SHANGHAI , Oct. 29, 2024 /PRNewswire/ -- Wyndham Hotels & Resorts surpassed a major milestone in China: signing nearly 600 direct franchise agreements across the country in just five years. The achievement is a testament ...
Initial deals expand Wyndham's upscale extended-stay footprint bringing fiveresidence-style accommodations to urban destinations across the U.S. PARSIPPANY, N.J. , Oct. 28, 2024 /PRNewswire/ -- Guests seeking contemporary, upscale residence-style accommodations in urban destinations now have new offerings to consider in key cities like Houston, Washington D.C and more as a result of a 10-year d...
Wyndham Hotels' Q3 2024 EPS met expectations, with ancillary revenue growth and operating margin expansion driving a +10% YoY bottom-line increase. WH has revised its FY 2024 EPS guidance upward and expressed confidence in achieving FY 2026 financial targets. WH is trading at a discount to its hospitality peers based on the EV/EBITDA valuation metric.
Wyndham Hotels & Resorts, Inc. (NYSE:WH ) Q3 2024 Earnings Conference Call October 24, 2024 8:30 AM ET Company Participants Matt Capuzzi - SVP, IR Geoff Ballotti - CEO Michele Allen - CFO and Head of Strategy Conference Call Participants Joe Greff - JP Morgan Stephen Grambling - Morgan Stanley Michael Bellisario - Baird David Katz - Jefferies Ian Zaffino - Oppenheimer Patrick Scholes - Truist S...
Company Raises Full-Year 2024 EPS Outlook and Reaffirms Remaining Outlook Grows System Size by 4% and Development Pipeline by 5% PARSIPPANY, N.J. , Oct. 23, 2024 /PRNewswire/ -- Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended September 30, 2024.
Exclusive development agreement with NILE Hospitality LLP targets 40 hotels open by 2031, fuelled by increased inbound and domestic tourism LONDON , Oct. 17, 2024 /PRNewswire/ -- 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 to debut in the country. This strat...
Enhancing Wyndham's BOLD and Women Own the Room initiatives, franchisees unlock exclusive access to industry experts to help support successful ownership PARSIPPANY, N.J. , Oct. 7, 2024 /PRNewswire/ -- Networking for Wyndham's Black Owners and Lodging Developers (BOLD) and Women Own the Room franchisees just got easier with access to peer-to-peer connections and expert mentorship.
CLEVELAND , Oct. 4, 2024 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is pleased to announce the completion of the brand conversion and financial restructuring of three new Wyndham hotels accounting for 397 keys, on behalf of the hotels' owners, Ceres Enterprises and The Orlean Company. The hotels include the 113-key Wyndham Avon (OH), the 132-key Wyndham Noblesville (IN), and the 152-key...
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