Financial Performance - Fourth quarter diluted EPS rose 80% to $1.08, while adjusted diluted EPS grew 14% to $1.04, reflecting higher net income and share repurchase activity[2] - Full-year 2024 adjusted EBITDA increased by 5% to $694 million, with a comparable growth of 7% when excluding marketing fund variability[15] - The company reported a net income of $289 million for 2024, consistent with the previous year, despite higher transaction-related expenses[15] - Net revenues for the year ended December 31, 2024, were $1,408 million, a 0.8% increase from $1,397 million in 2023[30] - Basic earnings per share for the year ended December 31, 2024, were $3.64, up from $3.43 in 2023[30] - Adjusted EBITDA for the full year 2024 was $767 million, an increase from $727 million in 2023[32] - The company reported operating income of $495 million for the year ended December 31, 2024, compared to $503 million in 2023[30] - Adjusted net income for Q4 2024 was $82 million, compared to $75 million in Q4 2023, reflecting a 9.3% increase[52] Revenue Per Available Room (RevPAR) - Global RevPAR increased by 5% in Q4 2024 compared to Q4 2023, with a full-year growth of 2% year-over-year in constant currency[2] - The U.S. RevPAR grew 5% in Q4 2024, with a sequential improvement of 620 basis points from Q3 2024[7] - Global RevPAR for the full year 2024 was $42.91, a decrease of 0.4% compared to 2023[46] - The company expects 2025 global RevPAR growth of 2% to 3%[19] - The company anticipates a year-over-year growth of 2% to 3% in global RevPAR for 2025[54] Room Growth and Development - The company opened a record 68,700 rooms globally in 2024, representing a 4% year-over-year growth, including nearly 28,000 rooms in the U.S.[2] - The development pipeline reached a record 252,000 rooms, growing 5% year-over-year, with approximately 70% in midscale and above segments[5] - The global room count increased by 31,200 rooms, reaching 903,000 as of December 31, 2024, representing a 4% growth year-over-year[41] - The number of rooms is expected to grow by 3.6% to 4.6% in 2025[54] - The company added 68,700 rooms globally in 2024, with 4% growth in both the United States and international markets[41] Shareholder Returns - The company returned $430 million to shareholders in 2024 through share repurchases and dividends, with an 8% increase in quarterly cash dividend to $0.41 per share starting Q1 2025[18] Cash Flow and Assets - Free cash flow for the year ended December 31, 2024, was $350 million, compared to $411 million in 2023[35] - Cash and cash equivalents increased to $113 million as of December 31, 2024, from $66 million in 2023[37] - The company’s cash and cash equivalents increased to $103 million as of December 31, 2024, compared to $66 million in 2023[38] - Total assets increased to $4,223 million as of December 31, 2024, from $4,033 million in 2023[37] Debt and Financial Obligations - Total debt rose to $2,463 million as of December 31, 2024, up from $2,201 million in 2023[37] - Total outstanding debt as of December 31, 2024, was $2.463 billion, with a weighted average interest rate of 4.8%[38] - Net debt as of December 31, 2024, was $2.360 billion, resulting in a net debt leverage ratio of 3.4x[38] - The company incurred $47 million in payments related to hostile takeover defense during the year[34] Future Outlook - The company expects adjusted EBITDA for 2025 to be in the range of $745 million to $755 million[54] - Projected adjusted diluted EPS for 2025 is estimated to be between $4.66 and $4.78[54] - The company plans to allocate approximately $40 to $45 million for capital expenditures in 2025[54] - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[48]

Core Insights - Wyndham Hotels & Resorts reported a strong finish to 2024, with a 4% net rooms growth and a 7% increase in comparable adjusted EBITDA, highlighting the company's focus on expanding into higher FeePAR markets and growing its extended-stay footprint [1][4][5] - The company announced an 8% increase in its quarterly cash dividend to $0.41 per share, effective from the first quarter of 2025, reflecting its commitment to returning value to shareholders [4][16] Financial Performance - Fourth quarter diluted earnings per share increased by 80% to $1.08, while adjusted diluted EPS grew 14% to $1.04, indicating strong profitability [4][12] - Full-year 2024 net income was reported at $289 million, consistent with the previous year, while adjusted net income increased by 2% to $347 million [4][12] - The company generated $290 million in net cash from operating activities and $397 million in adjusted free cash flow for the full year 2024 [14][29] Development and Growth - The global development pipeline reached a record 2,100 hotels and 252,000 rooms, representing a 5% year-over-year increase [3][4] - The company opened a record 68,700 rooms globally in 2024, achieving a 4% year-over-year growth [4][5] - Approximately 70% of the pipeline is in the midscale and above segments, which grew 5% year-over-year, indicating a strategic focus on higher revenue segments [5][17] Revenue and Market Performance - Global RevPAR grew by 5% in the fourth quarter compared to the previous year, with U.S. RevPAR also increasing by 5% [4][6] - The company reported fee-related and other revenues of $341 million in the fourth quarter, reflecting a 7% increase year-over-year [4][13] - The retention rate improved to a record 95.7%, showcasing the company's ability to maintain its customer base [2][4] Outlook for 2025 - The company provided a 2025 outlook projecting year-over-year rooms growth of 3.6% to 4.6% and global RevPAR growth of 2% to 3% [17][18] - Adjusted EBITDA is expected to be in the range of $745 million to $755 million, indicating continued operational strength [17][18]

Core Insights - Wyndham Hotels (WH) is expected to report quarterly earnings of $1 per share, reflecting a 9.9% increase year-over-year, with revenues forecasted at $343.78 million, a 7.1% increase from the previous year [1] - Analysts have revised the consensus EPS estimate upward by 0.2% over the past 30 days, indicating a collective reassessment of projections [1][2] Financial Metrics - Analysts estimate 'Net revenues- Fee-related and other revenues- Royalties and franchise fees' to reach $129.14 million, a 10.4% increase from the prior-year quarter [4] - 'Net revenues- Fee-related and other revenues- Marketing, reservation and loyalty' are projected to be $139.47 million, reflecting a 4.9% increase year-over-year [4] - 'Net revenues- Fee-related and other revenues- Management and other fees' are expected to arrive at $3.46 million, indicating a 15.3% increase from the year-ago quarter [5] - 'Net revenues- Fee-related and other revenues- License and other fees' are estimated at $29.71 million, a 2.5% increase from the prior-year quarter [5] - 'Net revenues- Fee-related and other revenues- Other' is forecasted to reach $40.53 million, reflecting a 6.7% increase year-over-year [6] - The total number of rooms is projected to be 904,267, compared to 871,800 in the previous year [6] - The consensus for 'Total RevPAR' is $40.09, up from $38.90 in the same quarter last year [6] Market Performance - Over the past month, Wyndham shares have returned +7.9%, outperforming the Zacks S&P 500 composite's +2.1% change [6] - Based on its Zacks Rank 3 (Hold), WH is expected to perform in line with the overall market in the upcoming period [6]

Core Viewpoint - Wyndham Hotels (WH) has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system focuses on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for Wyndham indicate an improvement in the company's underlying business, suggesting that investors may push the stock price higher [5][10]. Earnings Estimate Revisions - For the fiscal year ending December 2024, Wyndham is expected to earn $4.29 per share, reflecting a 7% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Wyndham has increased by 0.6% [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of Wyndham to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].

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Created in partnership with Havas New York and produced by Annex 88, Stay Close delivers a comedic spin on the universal truths of travel while poking fun at the common pitfalls of holiday family gatherings. Whether its escaping "aunt-arazzi" – the aspiring midlife influencer; Cousin Carl's relentless investment pitches; or simply avoiding that dreaded pull-out couch; staying at a Hotel by Wyndham means happily embracing the chance to connect while knowing each night you can escape to a personal retreat. "T ...

Lafayette Square's investment strategy addresses a critical issue diverse hoteliers face when it comes to access to capital and is the latest component of Wyndham's BOLD (Black Owners and Lodging Developers) and Women Own the Room initiatives, which aim to bolster hotel ownership by Black and women entrepreneurs by addressing the unique challenges faced by each community. From networking and educational opportunities via the newly launched Accelerator Circle, to operational support and complimentary service ...

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 ...

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 ...

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