• 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

PARSIPPANY, N.J. – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended March 31, 2024.

Highlights include:

  • Global RevPAR grew 1% in constant currency and ancillary revenues grew 8% compared to first quarter 2023.
  • System-wide rooms grew 4% year-over-year.
  • Opened over 13,000 rooms, representing a year-over-year increase of 27%.
  • Awarded 171 development contracts, an increase of 8% year-over-year.
  • Development pipeline grew 1% sequentially and 8% year-over-year to a record 243,000 rooms.
  • Entered upscale extended stay segment through a strategic relationship with WaterWalk Extended Stay by Wyndham.
  • Net cash provided by operating activities of $76 million and adjusted free cash flow of $102 million.
  • Returned $89 million to shareholders through $57 million of share repurchases and quarterly cash dividends of $0.38 per share.

We're thrilled to announce another strong quarter of progress in our executions, openings, franchisee retention and net room growth around the world, said Geoff Ballotti, president and chief executive officer. Increased interest from hotel owners in our brands has propelled our development pipeline to a record 243,000 rooms, marking an impressive 8% increase. Our strong balance sheet and cash flow generation capabilities provide significant opportunity to continue to enhance returns to our shareholders over both the short and long-term, as evidenced by our Board of Directors' approval of a $400 million increase in our share repurchase authorization.

View the full results

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts (NYSE: WH) is the world's largest hotel franchising company by the number of properties, with approximately 9,200 hotels across over 95 countries on six continents. Through its network of approximately 872,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 24 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. The Company's award-winning Wyndham Rewards loyalty program offers over 106 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.

The Company may use its website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Disclosures of this nature will be included on the Company's website in the Investors section, which can currently be accessed at www.investor.wyndhamhotels.com. Accordingly, investors should monitor this section of the Company's website in addition to following the Company's press releases, filings submitted with the Securities and Exchange Commission and any public conference calls or webcasts.

About Wyndham Rewards

Named the number one hotel rewards program by readers of USA TODAY, Wyndham Rewards® is the world's most generous rewards program with more than 50,000 hotels, vacation club resorts and vacation rentals worldwide.

Designed for the everyday traveller, members earn a guaranteed 1,000 points with every qualified stay and may redeem points for a wide range of rewards, including free nights at any of the approximately 9,100 hotels or tens of thousands of vacation club resorts and vacation rentals globally through affiliation with Wyndham Destinations and others. Wyndham Rewards has over 103 million enrolled members globally. Join for free today at www.wyndhamrewards.com. You've earned this. ®