Wyndham Hotels & Resorts (WH) Stock

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For a short period, if you stay for two nights, you can earn 7,500 Wyndham Rewards points, which is enough for a free night at many Wyndham hotels. This holiday season, Wyndham Hotels & Resorts is reminding travelers across the country to enjoy time with family while keeping a little distance.

Lafayette Square plans to use up to $100 million from its balance sheet to support eligible Wyndham franchisees. They have completed their first agreement with Dr. Amina James for a new Wyndham hotel in Lake Charles, Louisiana. This initiative is based in Parsippany, New Jersey.

Wyndham Hotels & Resorts has reached an important milestone in China by signing almost 600 direct franchise agreements in just five years. This success highlights Wyndham's focus on prioritizing its owners and its strategy to lessen dependence on master licensees for growth. This shift began in 2019 when the company regained direct franchising rights for its Days Inn brand in China, as it aims to become the largest travel and tourism market by 2035.

Wyndham Hotels & Resorts has partnered with Reside to expand its upscale extended-stay options in major U.S. cities like Houston and Washington D.C. This collaboration will provide guests with modern, residence-style accommodations in urban areas. The partnership is set to last for 10 years, enhancing the choices available for travelers.

Wyndham Hotels' earnings per share for the third quarter of 2024 matched expectations, with additional revenue growth and improved operating margins leading to a 10% increase compared to last year. The company has raised its earnings guidance for the full year 2024 and is optimistic about reaching its financial goals for 2026. Additionally, Wyndham is currently valued lower than its competitors in the hospitality industry when looking at the EV/EBITDA ratio.

Wyndham Hotels & Resorts, Inc. (NYSE:WH) will hold its Q3 2024 Earnings Conference Call on October 24, 2024, at 8:30 AM ET. The call will feature company representatives including Matt Capuzzi, Geoff Ballotti, and Michele Allen, along with analysts from various financial institutions. Participants are currently in listen-only mode, and questions will be taken after the presentation.

The financial results for Wyndham (WH) from the quarter ending in September 2024 provide insight into the company's performance. It may also be helpful to compare some important metrics with Wall Street predictions and figures from the same period last year.

Wyndham Hotels & Resorts (NYSE: WH) has updated its earnings per share forecast for the full year 2024 and confirmed its other projections. The company has increased its system size by 4% and its development pipeline by 5%. This announcement comes as they share their results for the quarter ending September 30, 2024.