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 Wyndham Westfield (IN). Ceres Enterprises also owns and operates The Orbit Hotel, a Trademark Collection by Wyndham ...

Core Concept - Ramada by Wyndham is launching a unique initiative to select a "CEO" who will travel for three weeks to experience local cultures and cuisines across various countries, showcasing their journey on social media and the brand's website [1][2]. Group 1: Initiative Details - The selected "CEO" will receive a travel stipend of $10,000, $5,000 in cash, paid accommodations for up to 21 nights, and an upgrade to Wyndham's exclusive Diamond rewards status [1]. - The itinerary will include visits to up to seven countries across multiple continents, allowing the "CEO" to engage with local communities and share experiences [2]. - Potential travel destinations include regions in Asia, Europe, the Middle East and Africa, Latin America and the Caribbean, and North America [2]. Group 2: Application Process - Candidates can apply by posting a public video on TikTok or emailing their video submission, explaining why they are the ideal candidate for the role [3][4]. - All video submissions must be between one and three minutes long and include the applicant's country of residence [4]. - The deadline for submissions is 11:59 p.m. ET on October 22, 2024 [4]. Group 3: Applicant Qualifications - Applicants must be legal residents of the 50 United States or Canada (excluding Quebec), at least 21 years old, and possess a valid passport through December 2025 [5]. - Candidates should be active on social media platforms, particularly TikTok and Instagram, and have a passion for travel and food [5]. - Availability for travel is required between April 1, 2025, and June 30, 2025 [5]. Group 4: Company Background - Ramada by Wyndham operates over 920 hotels globally, providing travelers with a full-service hospitality experience [7]. - Wyndham Hotels & Resorts is the largest hotel franchising company by the number of properties, with approximately 9,200 hotels across over 95 countries [8]. - The company offers a portfolio of 25 hotel brands and has an award-winning loyalty program with around 110 million enrolled members [8].

Today, Penn State boasts 31 athletics programs and an alumni association of 775,000—one of the largest in the U.S. Through the partnership, Wyndham Rewards members unlock exclusive access to special ticket packages for football and men's basketball, redeemable with Wyndham Rewards points starting as low as 35,000 points. Plus, there will be additional opportunities to redeem points for special VIP experiences. "Penn State's school spirit matches the enthusiasm and loyalty of our 110 million enrolled Wyndham ...

Group 1 - Wyndham Hotels & Resorts will report its third quarter 2024 results on October 23, 2024, at approximately 4:30 p.m. ET [1] - A conference call with investors will be hosted by the CEO and CFO on October 24, 2024, at 8:30 a.m. ET to discuss the results and business outlook [1] - The conference call can be accessed via a live webcast on the company's website or by phone with a provided passcode [2] Group 2 - Wyndham Hotels & Resorts is the world's largest hotel franchising company, with around 9,200 hotels in over 95 countries [3] - The company operates a portfolio of 25 hotel brands, including Super 8, Days Inn, and Ramada, targeting the economy and midscale segments [3] - Wyndham Rewards loyalty program has approximately 110 million enrolled members, allowing point redemption at various hotels and vacation rentals globally [3]

Making its debut amid the brand's 50th anniversary, INNOV8TE 2.0 is designed with today's travelers in mind, featuring refreshed color schemes, sleek furniture upgrades, crisp bedding, and durable flooring options all crafted to enhance the overall guest experience. With easy maintenance and straightforward installation, INNOV8TE 2.0 is a bold step forward for hotels looking to embrace the latest trends. "As we celebrate our 50-year milestone, one thing's clear: Super 8 is not slowing down. Our commitment t ...

Core Insights - The Mining Exchange hotel, a historic property in Colorado Springs, has been revitalized to offer modern luxuries while honoring its rich history as a former stock exchange for gold and silver [1][7] - Registry Collection Hotels, launched in 2021, has rapidly expanded to over 20 hotels globally, with nearly 10 more in the pipeline, catering to affluent travelers seeking unique experiences [2][3] Company Overview - Wyndham Hotels & Resorts is the world's largest hotel franchising company, operating approximately 9,200 hotels across over 95 countries, with a strong presence in the economy and midscale segments [9] - The company manages a portfolio of 25 hotel brands and has an award-winning loyalty program, Wyndham Rewards, with around 110 million enrolled members [9] Hotel Features - The Mining Exchange offers 128 redesigned rooms with modern amenities, a full-service spa, and extensive event spaces totaling 15,000 square feet [4][7] - Guests can enjoy various dining options, including a high craft coffee bar and a lobby bar featuring live jazz [3][7] Marketing and Promotions - The Mining Exchange participates in Wyndham Rewards, offering double points and a $25 nightly in-stay credit for bookings made by December 31, 2024, with stays completed by May 31, 2025 [5]

Group 1 - Wyndham Rewards has been recognized as the top hotel rewards program for seven consecutive years by USA Today, with its credit card also ranking first for six consecutive years [1][2] - The program has recently received additional accolades, including being named the best hotel rewards program by U.S. News & World Report and the most valuable rewards program by NerdWallet [2] - Wyndham Hotels & Resorts has been recognized as one of Newsweek's Most Loved Workplaces, Ethisphere's Most Ethical Companies, and Fair360's Top 50 Companies for Workplace Fairness in 2023 [2] Group 2 - Wyndham Rewards boasts approximately 110 million enrolled members globally, offering guaranteed 1,000 points for every qualified stay, which can be redeemed for free nights at various hotels and other rewards [3][6] - The program features three simple redemption tiers, with free nights starting at 7,500 points per room per night and discounted nights starting at 1,500 points per room per night [3] - The suite of credit cards includes the Wyndham Rewards Earner Card, Earner Plus Card, and Earner Business Card, which provide up to 8x rewards on gas and hotel stays, and up to 5x on business-related purchases [4] Group 3 - Wyndham Hotels & Resorts is the largest hotel franchising company globally, with around 9,200 hotels across over 95 countries and a portfolio of 25 hotel brands [6] - The company operates nearly 885,000 rooms, primarily targeting the economy and midscale segments of the lodging industry [6]

Core Insights - Wyndham Hotels & Resorts, Inc. has opened its first Trademark Collection hotel in South Korea, the La Vie D'or Hotel and Resort, increasing its hotel count in the country to over 30 and expanding its Trademark Collection presence in the Asia Pacific to nearly 20 hotels [1][5] Group 1: Hotel Features and Location - La Vie D'or Hotel and Resort is located in Hwaseong-si, South Korea, 30 minutes from Seoul, covering 330,000 square meters and featuring a nine-hole golf course, fitness center, saunas, swimming pools, and diverse dining options [2] - The resort offers access to nearby attractions such as the Yungneung and Geolleung Royal Tombs and Yongjusa Temple, along with facilities for business travelers, including conference space and Wi-Fi, and is close to major companies like Samsung Electronics and Hyundai-Kia Motors [3] Group 2: Market Context and Expansion Strategy - South Korea welcomed approximately 11 million inbound visitors in 2023, indicating a strong recovery post-pandemic, with the travel and tourism market projected to reach $13.66 billion by 2024, aligning with Wyndham's expansion strategy to meet growing demand for business and leisure travel [5] - Wyndham is focused on expanding its geographic footprint and product offerings across all segments, supported by a disciplined capital allocation strategy that includes investments in high-return businesses and strategic collaborations [6] Group 3: Global Development and Performance - In Q2 2024, Wyndham opened over 18,000 rooms globally, achieving a 16% year-over-year growth, with a total of 884,900 rooms as of June 30, 2024, representing a 4% increase from the previous year [7] - The global development pipeline consists of nearly 2,000 hotels and approximately 245,000 rooms, showcasing a 7% year-over-year increase, with about 58% of the pipeline being international [8] Group 4: Stock Performance - Shares of Wyndham Hotels have increased by 0.5% over the past year, underperforming the Zacks Hotels and Motels industry's growth of 13.6%, although ongoing expansion initiatives are expected to drive future growth [9]

Core Insights - The hotel industry is experiencing a positive trend in pipeline growth, with notable year-over-year increases in room signings and net unit growth across major players [1][6][10] - Wyndham Hotels (WH) reported strong financial performance in 2Q24, with EBITDA growth of 13% year-over-year and revenue growth of 3.7%, indicating robust operational health [6][10] - The long-term outlook for the hotel industry remains favorable, driven by demographic trends and increasing travel demand, which supports revenue per available room (RevPAR) growth [7][10] Pipeline and Growth - WH's development pipeline grew to 245,000 rooms, marking a 7.5% year-over-year increase and the 16th consecutive year of growth [6] - The company signed 180 new development contracts in 2Q24, a 33% increase compared to 2Q23, reflecting strong demand in the market [6] - Other hotel chains, such as Marriott and InterContinental Hotels Group, also reported increases in their pipelines, with Marriott adding nearly 18,000 rooms, a 7% increase year-over-year [1][6] Financial Performance - WH's EBITDA for 2Q24 was $178 million, exceeding street estimates by $8 million, with a margin expansion from 43.6% in 2Q23 to 48.5% in 2Q24 [6] - The company expects to achieve a net unit growth of 6% to 6.5% for the full year, excluding planned additions [1][6] - WH's strong balance sheet, with total liquidity of $820 million and a manageable leverage ratio of 3.5x, supports ongoing capital return initiatives, including a $400 million share buyback program [2][6] RevPAR and Occupancy Trends - RevPAR growth for WH was 2% on a constant currency basis, with international RevPAR increasing by 7%, while domestic RevPAR remained flat [6][7] - The occupancy rates improved by approximately 100 basis points in 2Q24, indicating a recovery in demand [6] - Historical trends suggest RevPAR typically grows at 2-3%, and current dynamics indicate that demand may outpace supply, further supporting occupancy rate increases [7] Valuation and Investment Outlook - The target price for WH is set at $98, based on a projected 7% annual EBITDA growth and a $400 million annual buyback [3][9][10] - The total return, including dividend yield, is estimated to be close to 30% [9][10] - The overall sentiment remains positive for WH, with expectations of continued operational performance despite near-term macroeconomic uncertainties [10][13]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38432 Wyndham Hotels & Resorts, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction ...