Wyndham Hotels & Resorts(US:WH)2021-04-30 21:40Financial Performance & Recovery - First quarter 2021 Adjusted EBITDA was $97 million[9] - First quarter 2021 free cash flow was $59 million[9, 49, 50] - RevPAR outperformed the total industry by 17 percentage points[9] - Economy segment occupancy and RevPAR surpassing 2019 levels in MTD April[5] - Midscale segment occupancy and RevPAR within 90% of 2019 levels in MTD April[5] - Franchisee collection rates within 95% of 2019 levels[5] Growth & Pipeline - Signed new contracts representing 90% of 2019 volume in Q1 2021[9] - Conversions accounted for over 70% of openings[9] - Global pipeline increased by 120 basis points[9] - Total pipeline at the end of Q1 2021 consisted of approximately 187,000 rooms across roughly 1,400 global hotels[3, 37] - 64% of the pipeline is international[44] Business Model & Strategy - The company aims for 1-2% net room growth in 2021 and a return to 2-4% post COVID-19[54] - The company targets 3-5% long-term net room growth through investments[54] - Over 70% of hotel room revenue in the U S is generated through Wyndham's central channels[56]