Wyndham Hotels & Resorts(WH)
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First ECHO Suites Extended Stay by Wyndham Opens in South Carolina
Prnewswire· 2024-07-11 10:00
Core Insights - ECHO Suites is positioned to meet the growing demand for long-term, comfortable, and affordable accommodations in booming cities like Spartanburg, with a well-designed prototype tailored for operators [1][6] - The brand aims to have 75 hotels open or under construction by the end of 2026 and 300 open hotels by 2032, indicating significant growth potential [2][11] Company Developments - The first ECHO Suites has opened in Spartanburg, marking a milestone in the brand's development pipeline, which now includes nearly 270 hotels and over 33,000 rooms across the U.S. and Canada [11] - Mandeep Singh has been appointed as vice president of Extended Stay Operations, bringing over 20 years of experience to oversee the growing portfolio of extended-stay brands [8] Market Context - The launch of ECHO Suites coincides with historic infrastructure investments in the U.S., including $1.2 trillion from the 2021 Infrastructure and Jobs Act and $280 billion from the CHIPS and Science Act of 2022, which are expected to drive demand for extended-stay accommodations [5] - The construction projects across the country are projected to create a $3.3 billion opportunity in additional room revenue for Wyndham franchisees over the multi-year period [12] Product Features - The ECHO Suites prototype is a purpose-built, all-new construction with 124 rooms, requiring under two acres of land and designed to maximize revenue-generating square footage [15] - The design includes single- and two-queen studio suites with kitchens, along with public spaces such as a lobby, fitness center, and 24/7 guest laundry, aimed at reducing labor needs [15]
Calling All Cheese Lovers: AmericInn by Wyndham Will Pay Your Family $15,000 to Uncover the Midwest's Cheesiest Delights
Prnewswire· 2024-07-09 11:00
Company Overview - AmericInn by Wyndham is a Midwest brand founded in Minneapolis-Saint Paul, known for its cozy comfort and genuine hospitality, with over 225 locations across the United States [2][15] - The company emphasizes American values and aims to positively impact both guests and communities [2] Promotional Campaign - AmericInn is launching a contest to find the "Cheesiest Family" who will embark on a cheese-filled adventure through Wisconsin, Minnesota, and Iowa [1][9] - The winning family will experience various cheese-themed activities and stay at AmericInn properties, sharing their journey on social media [1][10] Contest Details - Families interested in participating must submit a written entry or a video highlighting their storytelling skills and love for cheese [5][13] - The contest is open until July 30, 2024, and the winning family will be announced around August 12, 2024 [11][14] Rewards - The prize package for the winning family includes seven paid nights at AmericInn hotels, a $10,000 travel stipend, $5,000 cash, and a suitcase full of AmericInn merchandise, with an approximate retail value of $15,700 [12][14] Market Insights - Research indicates that nearly 96% of Americans enjoy cheese regularly, with about one-third consuming it in meals an average of three times daily [9]
Wyndham Hotels (WH) Unveils Connect Platform, Boost Offerings
ZACKS· 2024-07-02 16:45
Management is optimistic and anticipates the initiative to foster strong guest relationships and financial gains in the upcoming periods. Currently, the company rolled out Wyndham Connect to nearly 2,000 hotels in North America. The company has integrated AI across its operations to enhance efficiency and service quality. In their call centers, AI provides real-time coaching and handles calls, allowing agents more time to assist guests. The company implemented an easy-to-access chatbot within the mobile app ...
Wyndham Connect Rolls Out Across North America, Elevates the Guest and Owner Experience
Prnewswire· 2024-07-01 12:00
Unleashing the Power of AI Messaging that Matters: Allows staff to use AI-generated messaging to help respond to guests via text message with ease and speed before, during and after their stay. Smart Mobile Check-In: Speeds up the check-in process for both guests and front desk agents, helping to verify guest information in advance and protect hotels from chargebacks. Effortless Upsell: From early check-in, late check-out and personalized upgrades, hotels can generate incremental revenue while making each s ...
Wyndham Hotels & Resorts(WH) - 2024 Q1 - Quarterly Report
2024-04-25 15:57
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 March 31, 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 ...
Wyndham Hotels & Resorts(WH) - 2024 Q1 - Earnings Call Presentation
2024-04-25 15:41
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------|-------|-------|-------|-------|-------|-------|-------|-------|--------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Presentation | | | | | | | | | | | | | | | | | | | | t | | April 24, 2024 | | WaterWalk by Wyndham Boise, Idaho, USA Opened March 2024 | | | | | | | | | WYNDHAM HOTELS & RESORTS | | | | | | | | | | | | Introducti ...
Wyndham Hotels & Resorts(WH) - 2024 Q1 - Earnings Call Transcript
2024-04-25 15:41
Wyndham Hotels & Resorts, Inc. (NYSE:WH) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Matt Capuzzi - Senior Vice President, Investor Relations Geoff Ballotti - Chief Executive Officer Michele Allen - Chief Financial Officer and Head, Strategy Conference Call Participants Joe Greff - JPMorgan David Katz - Jefferies Dany Asad - Bank of America Michael Bellisario - Baird Patrick Scholes - Truist Brandt Montour - Barclays Stephen Grambling - Morgan Stanley Steve Pizzella - Deu ...
Wyndham Hotels & Resorts(WH) - 2024 Q1 - Quarterly Results
2024-04-24 20:11
Exhibit 99.1 WYNDHAM HOTELS & RESORTS REPORTS STRONG FIRST QUARTER RESULTS Company Raises Full-Year 2024 EPS Outlook Grows Development Pipeline by 8% and System Size by 4% Board Increases Share Repurchase Authorization by $400 Million The Company's global system grew 4%, reflecting 1% growth in the U.S. and 8% internationally. As expected, these increases included strong growth in both the higher RevPAR midscale and above segments in the U.S. and the direct franchising business in China, which grew 3% and 1 ...
Wyndham Hotels & Resorts(WH) - 2023 Q4 - Annual Report
2024-02-15 18:44
Franchise Growth and Operations - Wyndham Hotels & Resorts aims to grow its direct franchising system by 3-4% in 2024, with a target of accelerating to 3-5% annually by 2026[33] - The company operates approximately 9,200 hotels under 24 brands across over 95 countries, making it the world's largest hotel franchising company by number of hotels[30] - Franchise agreements typically last 10 to 20 years, with direct franchisees paying a royalty fee of 4% to 5% of gross room revenue and a marketing fee of 3% to 5%[29] - Wyndham's franchise system is highly diversified, with no single franchisee accounting for more than 2% of its hotels, except for one master franchisor in China[59] - The company is committed to enhancing franchisee profitability by deploying technology solutions that streamline operations and elevate guest experiences[33] Employee and Community Engagement - Wyndham has approximately 2,300 employees as of December 31, 2023, with about 1,200 employees located outside the United States[35] - The company has donated approximately 181 million Wyndham Rewards points to various non-profit organizations since inception[47] Sustainability and Environmental Initiatives - Wyndham was recognized as one of the Net-Zero Leaders by Forbes for 2023, highlighting its commitment to sustainability and reducing greenhouse gas emissions[54] - The Wyndham Green Program helps franchisees reduce operating costs and drive revenue from environmentally conscious travelers[49] - The company continues to evaluate opportunities to increase efficiencies and renewable energy usage as part of its decarbonization plans[52] Financial Risk Management - The total outstanding balance of variable-rate borrowings, net of swaps, was $583 million as of December 31, 2023[248] - 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[248] - The absolute notional amount of outstanding foreign exchange hedging instruments was $153 million as of December 31, 2023[251] - A hypothetical 10% change in foreign currency exchange rates would have resulted in approximately a $1 million increase or decrease to the fair value of outstanding forward foreign currency exchange contracts[251] - The company had total net assets of $1 million in Argentina, which is considered a highly inflationary economy as of December 31, 2023[252] - The total market risk is influenced by various factors including market volatility and liquidity[253] - The company uses interest swap contracts to reduce interest rate risk related to its debt[246] - The company uses foreign currency forwards to manage foreign currency exchange rate risk associated with foreign currency denominated receivables and payables[246] - The company does not engage in trading or speculative activities in the derivatives markets[247] - The fair values of cash and cash equivalents, trade receivables, accounts payable, and accrued expenses approximate their carrying values due to their short-term nature[249]
Wyndham Hotels & Resorts(WH) - 2023 Q4 - Earnings Call Transcript
2024-02-15 17:23
Wyndham Hotels & Resorts, Inc. (NYSE:WH) Q3 2023 Earnings Conference Call February 15, 2024 8:30 AM ET Company Participants Matt Capuzzi - SVP, IR Geoff Ballotti - CEO Michele Allen - CFO Conference Call Participants Joe Greff - JPMorgan David Katz - Jefferies Patrick Scholes - Truist Securities Michael Bellisario - Baird Dany Asad - Bank of America Ian Zaffino - Oppenheimer Meredith Jensen - HSBC Operator Good day and welcome to the Wyndham Hotels & Resorts Fourth Quarter and Full Year 2023 Earnings Confer ...