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Wyndham Grows Direct Franchising Business in China; Signs Nearly 600 Hotels Over Five Years
Prnewswire· 2024-10-29 12:00
Today, Wyndham is the largest U.S. based hotel company in China by number of properties, with a footprint spanning more than 1,600 hotels and more than 180,000 rooms across 13 of its 25 brands. In the first half of 2024 alone, Wyndham signed direct franchise agreements for more than 70 hotels in key markets including Beijing, Jiangsu and Guangdong. The milestone comes amidst a travel and tourism surge in China, where it is on track to become the world's largest travel and tourism market by 2035, giving owne ...
Wyndham Expands Extended Stay Offerings, Teams with Reside to Introduce Wyndham Residences in the U.S.
Prnewswire· 2024-10-28 12:00
The franchise agreements bring five residence-style hotels that are open or under development to the Wyndham brand—marking the debut of its Wyndham Residence® tier in the U.S.—with a focus on expanding its offerings across top 50 markets in the U.S. The model caters to guests looking for both long-term, home-away-from-home units as well as those looking for a homebase for a quicker getaway. For more than three decades, Reside has successfully managed and operated alternative accommodations and multi-family ...
Wyndham Hotels: Short-To-Mid Term Financial Prospects Are Favorable
Seeking Alpha· 2024-10-25 12:19
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Wyndham (WH) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-10-23 23:36
Core Insights - Wyndham Hotels reported $396 million in revenue for Q3 2024, a year-over-year decline of 1.5% and a surprise of -2.69% compared to the Zacks Consensus Estimate of $406.96 million [1] - The EPS for the quarter was $1.39, an increase from $1.31 a year ago, with a surprise of +1.46% over the consensus estimate of $1.37 [1] Revenue and Performance Metrics - Total Rooms: 892,600, below the average estimate of 923,830 from three analysts [2] - Total RevPAR: $49.33, compared to the average estimate of $50.71 [2] - Net revenues from royalties and franchise fees: $159 million, slightly below the average estimate of $162.82 million, representing a year-over-year increase of +4.6% [2] - Net revenues from marketing, reservation, and loyalty: $161 million, below the average estimate of $171.65 million, showing a year-over-year decline of -10.1% [2] - Net revenues from management and other fees: $3 million, slightly above the average estimate of $2.95 million, with no year-over-year change [2] - Net revenues from license and other fees: $32 million, above the average estimate of $31.89 million, reflecting a year-over-year increase of +6.7% [2] - Net revenues from other sources: $39 million, close to the average estimate of $39.85 million, with a year-over-year increase of +8.3% [2] Stock Performance - Wyndham's shares have returned +3.9% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]
Wyndham Hotels (WH) Surpasses Q3 Earnings Estimates
ZACKS· 2024-10-23 22:46
Wyndham Hotels (WH) came out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.46%. A quarter ago, it was expected that this hotel and resort chain would post earnings of $1.04 per share when it actually produced earnings of $1.13, delivering a surprise of 8.65%.Over the last four quarters, th ...
WYNDHAM HOTELS & RESORTS REPORTS STRONG THIRD QUARTER RESULTS
Prnewswire· 2024-10-23 20:30
Company Raises Full-Year 2024 EPS Outlook and Reaffirms Remaining OutlookGrows 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.  Highlights include:System-wide rooms grew 4% year-over-year.Opened over 17,000 rooms globally, including nearly 7,000 in the U.S., which increased 15% year-over-year, and the second ECHO Suites Extended Stay by Wyndham.Awarded 19 ...
Countdown to Wyndham (WH) Q3 Earnings: Wall Street Forecasts for Key Metrics
ZACKS· 2024-10-22 14:21
In its upcoming report, Wyndham Hotels (WH) is predicted by Wall Street analysts to post quarterly earnings of $1.38 per share, reflecting an increase of 5.3% compared to the same period last year. Revenues are forecasted to be $407.82 million, representing a year-over-year increase of 1.5%.Over the last 30 days, there has been an upward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their init ...
Wyndham Hotels (WH) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2024-10-16 15:06
The market expects Wyndham Hotels (WH) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be rel ...
BGL Real Estate Advisors Completes Conversion and Financial Restructuring to Introduce Three New Wyndham Hotels
Prnewswire· 2024-10-04 18:58
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 ...
Appetite for Travel? Ramada Seeks Chief Eats Officer to Uncover World's Greatest Cultural Delights
Prnewswire· 2024-10-01 12:00
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].