Wyndham Hotels & Resorts Archives

Company Raises Full-Year 2022 Outlook, Board Increases Share Repurchase Authorization by $400 Million, Company Grows System-Wide Rooms by 4% and Development Pipeline by 10%

PARSIPPANY, N.J., October 25, 2022 – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended September 30, 2022. Highlights include:

Global RevPAR grew 12% compared to third quarter 2021 in constant currency.
S. RevPAR grew 2% compared to third quarter 2021 and represents 110% of 2019 levels.
System-wide rooms grew 4% year-over-year, including 1% of growth in the U.S. and 9% of growth internationally.
Development pipeline grew 10% year-over-year to 212,000 rooms and U.S. development signings increased 82%, including 48 new construction projects for the Company’s new extended-stay brand, bringing the total number to 120 since launch in March.
Hotel Franchising segment revenues grew 9% year-over-year.
Diluted earnings per share of $13 and adjusted diluted earnings per share of $1.21; net income of $101 million and adjusted net income of $108 million.
Adjusted EBITDA of $191
Year-to-date net cash provided by operating activities of $349 million and free cash flow of $321
Returned $161 million to shareholders through $132 million of share repurchases and a quarterly cash dividend of $0.32 per share.

“With our brands delivering record U.S. RevPAR and our global development teams driving net unit growth towards the top end of our initial guidance, we are raising our full-year 2022 outlook. Despite the broader macro-economic climate, we are confident in the continued resiliency of our franchise model as we continue to invest in the business and generate substantial shareholder returns,” said Geoffrey A. Ballotti, president and chief executive officer. “This quarter, we grew our development pipeline by 10%, surpassed our full-year development goal for our new extended-stay brand and completed the acquisition of our 23^rd brand – Vienna House. We remain committed to a disciplined capital allocation strategy that will deliver outstanding value to our shareholders, guests, franchisees and team members in any environment.”

Fee-related and other revenues was $375 million compared to $377 million in third quarter 2021, which included $34 million from the Company’s select-service management business and owned hotels – both of which were exited in the first half of this year. On a comparable basis, fee-related and other revenues increased 9% year-over-year reflecting global constant currency RevPAR growth of 12% and higher license fees.

The Company generated net income of $101 million, or $1.13 per diluted share, compared to $103 million, or $1.09 per diluted share, in third quarter 2021. The decline in net income was primarily due to the exit of the Company’s select-service management business and owned hotels, partially offset by higher adjusted EBITDA in the Company’s hotel franchising segment. Adjusted EBITDA was $191 million compared to $194 million in third quarter 2021, which included a $10 million contribution from the Company’s select-service management business and owned hotels – both of which were exited in the first half of this year. On a comparable basis, adjusted EBITDA increased 4% year-over-year reflecting higher fee-related and other revenues, partially offset by a 600 basis point unfavorable timing impact from the marketing fund.

Full reconciliations of GAAP results to the Company’s non-GAAP adjusted measures for all reported periods appear in the tables to this press release.

System Size

The Company’s global system grew 4%, reflecting 1% growth in the U.S. and 9% growth 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 6% and 8%, respectively, as well as 80 basis points of growth globally and 200 basis points internationally from the acquisition of the Vienna House brand.

RevPAR

Third quarter global RevPAR grew by 12% in constant currency compared to 2021 as the U.S. grew 2% and international grew 46%. Global RevPAR was 111% of 2019 levels in constant currency, with the U.S. at 110% and international at 117%. The increases compared to both 2021 and 2019 were driven primarily by stronger pricing power.

Business Segment Discussion

Hotel Franchising revenues increased 9% year-over-year to $367 million primarily due to the global RevPAR increase and higher license fees. Hotel Franchising adjusted EBITDA of $201 million increased 4% reflecting the growth in revenues, partially offset by an unfavorable timing impact from the marketing fund, excluding which Hotel Franchising adjusted EBITDA would have increased 12%.

Hotel Management revenues decreased 68% year-over-year to $40 million, including a $54 million decrease in cost-reimbursement revenues, which have no impact on adjusted EBITDA. Absent cost-reimbursements, Hotel Management revenues decreased $32 million, or 80%, and adjusted EBITDA decreased $9 million reflecting the exit of the Company’s select-service management business and owned hotels.

During the third quarter 2022, the Company’s marketing fund revenues exceeded expenses by $12 million; while in third quarter 2021, the Company’s marketing fund revenues exceeded expenses by $19 million.

Development

The Company awarded 214 new contracts this quarter compared to 151 in the third quarter 2021. On September 30, 2022, the Company’s global development pipeline consisted of over 1,600 hotels and over 212,000 rooms, of which approximately 76% is in the midscale and above segments (61% in the U.S.). The pipeline grew 10% year-over-year – 24% in the U.S. and 2% internationally. Approximately 60% of the Company’s development pipeline is international and 80% is new construction, of which approximately 36% has broken ground. The pipeline includes 120 new contracts awarded for the Company’s new extended-stay brand since its launch in March 2022.

Acquisition of Vienna House

On September 8, 2022, the Company completed the acquisition of the Vienna House brand, adding an upscale and midscale portfolio of over 40 hotels and more than 6,400 rooms to the Company’s existing footprint in the EMEA region. The purchase price was $44 million.

Cash and Liquidity

The Company generated year-to-date net cash provided by operating activities of $349 million and free cash flow of $321 million. The Company ended the quarter with a cash balance of $286 million and approximately $1.0 billion in total liquidity.

Share Repurchases and Dividends

During the third quarter, the Company repurchased approximately 2.0 million shares of its common stock for $132 million. In October 2022, the Company’s Board of Directors increased the Company’s share repurchase authorization by $400 million.

The Company paid common stock dividends of $29 million, or $0.32 per share.

Full-Year 2022 Outlook

The Company is updating its outlook as follows:

More detailed projections are available in Table 8 of this press release. The Company is providing certain financial metrics only on a non-GAAP basis because, without unreasonable efforts, it is unable to predict with reasonable certainty the occurrence or amount of all of the adjustments or other potential adjustments that may arise in the future during the forward-looking period, which can be dependent on future events that may not be reliably predicted. Based on past reported results, where one or more of these items have been applicable, such excluded items could be material, individually or in the aggregate, to the reported results.

Conference Call Information

Wyndham Hotels will hold a conference call with investors to discuss the Company’s results and outlook on Wednesday, October 26, 2022 at 8:30 a.m. ET. Listeners can access the webcast live through the Company’s website at https://investor.wyndhamhotels.com. The conference call may also be accessed by dialing 800 225-9448 and providing the passcode “Wyndham”. Listeners are urged to call at least five minutes prior to the scheduled start time. An archive of this webcast will be available on the website beginning at noon ET on October 26, 2022. A telephone replay will be available for approximately ten days beginning at noon ET on October 26, 2022 at 800 839-4197.

Presentation of Financial Information

Financial information discussed in this press release includes non-GAAP measures, which include or exclude certain items. These non-GAAP measures differ from reported GAAP results and are intended to illustrate what management believes are relevant period-over-period comparisons and are helpful to investors as an additional tool for further understanding and assessing the Company’s ongoing operating performance. The Company uses these measures internally to assess its operating performance, both absolutely and in comparison to other companies, and to make day to day operating decisions, including in the evaluation of selected compensation decisions. Exclusion of items in the Company’s non-GAAP presentation should not be considered an inference that these items are unusual, infrequent or non-recurring. Full reconciliations of GAAP results to the comparable non-GAAP measures for the reported periods appear in the financial tables section of this press release.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,100 hotels across over 95 countries on six continents. Through its network of approximately 836,000 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 23 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 97 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.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the federal securities laws, including statements related to the Company’s current views and expectations with respect to its future performance and operations, including revenues, earnings, cash flow and other financial and operating measures, share repurchases and dividends, restructuring charges and statements related to the coronavirus pandemic (“COVID-19”). Forward-looking statements include those that convey management’s expectations as to the future based on plans, estimates and projections at the time the Company makes the statements and may be identified by words such as “will,” “expect,” “believe,” “plan,” “anticipate,” “intend,” “goal,” “future,” “outlook,” “guidance,” “target,” “objective,” “estimate,” “projection” and similar words or expressions, including the negative version of such words and expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, general economic conditions; the continuation or worsening of the effects from COVID-19, its scope, duration, resurgence and impact on the Company’s business operations, financial results, cash flows and liquidity, as well as the impact on the Company’s franchisees and property owners, guests and team members, the hospitality industry and overall demand for travel; the success of the Company’s mitigation efforts in response to COVID-19; the Company’s performance during the recovery from COVID-19 and any resurgence or mutations of the virus; various actions governments, businesses and individuals continue to take in response to the pandemic, including stay-in-place directives (including, for instance, quarantine and isolation guidelines and mandates), safety mitigation guidance, as well as the timing, availability and adoption rates of vaccinations, booster shots and other treatments for COVID-19; concerns with or threats of other pandemics, contagious diseases or health epidemics, including the effects of COVID-19; the performance of the financial and credit markets; the economic environment for the hospitality industry; operating risks associated with the hotel franchising and management businesses; the Company’s relationships with franchisees and property owners; the impact of war, terrorist activity, political instability or political strife; risks related to restructuring or strategic initiatives; the Company’s ability to satisfy obligations and agreements under its outstanding indebtedness, including the payment of principal and interest and compliance with the covenants thereunder; risks related to the Company’s ability to obtain financing and the terms of such financing, including access to liquidity and capital; and the Company’s ability to make or pay, plans for, and the timing and amount of any future share repurchases and/or dividends, as well as the risks described in the Company’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequent reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise.

Wyndham Rewards Earner Card once again named best hotel credit card

PARSIPPANY, N.J. (October 21, 2022) – Wyndham Rewards®, the world’s most generous guest rewards program spanning more than 50,000 hotels, vacation club resorts and vacation rentals globally, has once again been named best hotel loyalty program in the USA TODAY 10Best Readers’ Choice Awards while the Wyndham Rewards Earner® Card has been recognized as the best hotel credit card.

The accolades mark the fifth consecutive year Wyndham Rewards has taken the top spot in the Best Hotel Loyalty Program category and the fourth consecutive year Wyndham’s credit card has been named Best Hotel Credit Card. Nominees in the USA TODAY 10Best Readers’ Choice Awards are compiled by a panel of industry experts, and winners are chosen based on daily voting from USA TODAY readers over a four-week period.

“Designed to be both simple and generous, Wyndham Rewards celebrates and champions the everyday traveler, offering more value, more flexibility and more redemption opportunities than virtually any other hotel program in the world,” said Lisa Checchio, chief marketing officer, Wyndham Hotels & Resorts. “To once again see both the program and our credit card recognized in this way is a testament to the power of the program, dedication of our franchisees and partners, and the loyalty of our more than 95 million enrolled members who, year-in and year-out, continue to make our program number one.”

Wyndham Rewards is the only hotel loyalty program to offer members a guaranteed 1,000 points with every qualified stay. Free nights start at just 7,500 points per night, while discounted nights start at 1,500 points plus some cash. The program’s Member Levels (status), which are among the most attainable in travel, allow members to unlock great benefits like a preferred room, late checkout, accelerated earning and more.

Wyndham Rewards’ suite of credit cards includes the Wyndham Rewards Earner Card, Wyndham Rewards Earner Plus Card and the Wyndham Rewards Earner Business Card, the first Wyndham credit card created specifically for small businesses. All three cards amplify rewards earned on the road, as well as everyday purchases, with up to 8x earn on gas purchases and Wyndham hotel stays; up to 5x earn on marketing, advertising and utility purchases (Wyndham Rewards Earner Business Card only); and up to 4x earn on restaurant and grocery purchases. Interested members can learn more at www.wyndhamrewardscreditcard.com.

To learn more about Wyndham Rewards, or to join for free, visit www.wyndhamrewards.com. For more information about the USA TODAY 10Best Readers’ Choice Awards, visit www.10best.com.

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 traveler, members earn a guaranteed 1,000 points with every qualified stay and may redeem points for a range of rewards, including free nights at approximately 9,000 hotels or tens of thousands of vacation club resorts and vacation rentals globally through affiliation with Wyndham Destinations and others. Wyndham Rewards has over 95 million enrolled members around the globe. Join for free today at www.wyndhamrewards.com. You’ve earned this.®

World's largest hotel franchising company celebrated for inclusive culture and commitment to flexibility

PARSIPPANY, N.J., (October 17, 2022) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across more than 95 countries, has once again been recognized as a best place to work, receiving in the last two weeks multiple awards and accolades including: being named one of the Top 100 Most Loved Workplaces by Newsweek, one of the World’s Best Employers by Forbes and one of New Jersey’s Best Places to Work by NJBIZ.

“Creating an inclusive culture where people feel valued and empowered to do their best work is fundamental to who we are at Wyndham,” said Monica Melancon, chief human resource officer, Wyndham Hotels & Resorts. “Our team members are the heart and soul of our organization, which is why every day, we strive to be an organization they’re proud and excited to be a part of. That means promoting flexibility while living our core values of integrity, accountability, inclusivity, caring and fun. For us, it’s a proven recipe for success, helping attract and retain top talent while allowing Wyndham to differentiate itself competitively.”

Supporting thousands of franchisees and a growing global portfolio of 23 hotel brands—think household names like Wyndham, Ramada, Days Inn and Super 8—Wyndham team members are a widespread group of individuals with diverse interests and backgrounds who all come together to further one of the world’s most prominent hotel organizations.

In addition to comprehensive benefits, Wyndham team members are given one day of paid time-off yearly to volunteer in their communities, and have access to continuing education programs, professional development courses and several affinity business groups. The company also offers special recognition programs, virtual learning hours, celebrations, team member discounts and flexible work arrangements, enabling team members to the do their best work in the place that works best for them and the company.

This marks the second consecutive year that Wyndham was named to Newsweek’s list of 100 Most Loved Workplaces and the third consecutive year of being named one of New Jersey’s Best Places to Work by NJBIZ. Earlier this year, the Company was named one of America’s Best Employers by Forbes and last year, named by Newsweek as one of America’s Most Responsible Companies.

To learn more about at Wyndham Hotels & Resorts, or to apply for an open role at one of its offices around the globe, visit www.careers.wyndhamhotels.com.

About Wyndham Hotels & Resort
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,000 hotels across over 95 countries on six continents. Through its network of approximately 819,000 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 23 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 95 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.

Leveraging its strong talent bench, Wyndham Appoints Shilpan Patel to Lead North America Franchise Operations and Gustavo Viescas to Lead the LATAMC Region

PARSIPPANY, N.J., (October 13, 2022) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across more than 95 countries, has promoted Shilpan Patel to executive vice president, North America Franchise Operations, and Gustavo Viescas to president, LATAMC, and elevated both to the Company’s Executive Committee effective immediately. With nearly 45 combined years, the two Company veterans have extensive experience helping Wyndham franchisees and owners around the globe succeed.

“A Wyndham core tenet is promoting from within thanks to our exceptional bench of leadership talent,” said Geoff Ballotti, Wyndham Hotels & Resorts president and chief executive officer. “Both Shilpan in North America and Gustavo in Latin America, are focused on delivering for our owners – existing and new – and I’m confident the relationships they’ve built over the years will continue to flourish as they take on these expanded roles.”

In his new role, Shilpan now oversees Franchise Operations, Brand Operations, Franchise Services and Managed Operations with a team spanning North America. Shilpan has held various finance, operations and franchise service leadership positions throughout his nearly 20 years at Wyndham, most recently responsible for leading its contract administration and relicensing efforts while driving industry-leading economy retention rates across its brands. Shilpan is a Certified Public Accountant, who began his career as an auditor at Deloitte & Touche after graduating from Penn State University.

Based in Buenos Aires, Gustavo takes on the day-to-day management and success of Wyndham’s LATAMC region consisting of approximately 250 hotels in nearly 30 countries. Gustavo has been instrumental in growing the region including launching two new brands (Alltra and Registry Collection) and closing industry-leading deals with notable strategic development partners like Playa Hotels & Resorts (NASDAQ: PLYA) and Palladium Hotel Group. Gustavo has held multiple roles of increasing responsibility over his past 25 years with Wyndham leading the finance, administration, reporting, planning and operations for both RCI and Wyndham Hotels & Resorts. Gustavo graduated from the University of Buenos Aires and holds his Master’s degree in Finance from UADE, Buenos Aires.

Expansive network of meetings-focused offerings rewards planners while helping save time and money

PARSIPPANY, N.J. (October 11, 2022) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across more than 95 countries, today announced the global expansion of The Meetings Collection, which now includes over 160 hotels and resorts across the Americas, Asia, Europe, the Middle East and Africa.

A carefully curated collection of aspirational hotels and resorts in highly sought-after meetings destinations, The Meetings Collection caters to planners globally by putting their needs at the forefront, making it simple, easy and rewarding to organize multiple, multi-year meetings across a wide variety of hotels and brands. The Collection first launched in the U.S. in late 2021 and is a part of Wyndham’s innovative Wyndham Business program.

“Over the last several years, Wyndham has continued adding to an already robust portfolio of aspirational hotels and resorts, introducing new offerings in some of the world’s most popular and sought-after destinations,” said Carol Lynch, senior vice president, Global Sales, Wyndham Hotels & Resorts. “This growth, combined with the continued recovery of group travel, make now the right time to expand The Meetings Collection globally. These hotels and their teams are experts in delivering exceptional experiences and, through The Meetings Collection, Wyndham is making it easier than ever for planners—specifically those booking two or more events at one or multiple hotels—save time, save money and get rewarded in the process.”

Among the perks now available to planners when booking with The Meetings Collection:

Multi-Meeting Discounts

Save up to 5% off Total Meeting Value (TMV) when booking two events or more.*

Enhanced Flexibility

Up to 30% group attrition with no penalty.*

Streamlined Contracting Process

Dedicated sales team support and a single point of contact for each event.

Exclusive Destination Experiences

Exclusive destination experiences for planners—think weekend golf getaways, relaxing spa retreats, immersive culinary experiences and more.

Double Wyndham Rewards® Points

Double points for planners via Wyndham Rewards and go meet^SM.

The above perks are available on qualified bookings at all U.S. hotels and resorts within The Meetings Collection. Similar perks are available in all regions globally but in some cases, may be available only for a limited time. For details on the latest offers by property or by region, including full terms and conditions, visit www.wyndhambusiness.com/meetings.

In addition to planner perks and a world-class portfolio of hotels and resorts, properties participating in The Meetings Collection make it easy for organizers to enhance their events with highly-rated, turn-key activities and experiences designed to ensure every meeting is both memorable and impactful for participants. Popular options include locally-sourced spirit tastings, curated beach and city cleanup programs, culinary competitions, racing excursions and more.

A Growing Global Meetings Portfolio
Offering over 160 hotels across more than a dozen brands, including names like Wyndham®, Wyndham Grand®, Wyndham Alltra®, Trademark Collection® by Wyndham, Dolce® by Wyndham, TRYP® by Wyndham, Ramada® by Wyndham and more, The Meetings Collection is designed to accommodate groups of virtually all sizes and needs. Among just a few of its aspirational offerings:

United States – 20 hotels and resorts including the award-winning The Grandover Resort & Spa, a Wyndham Grand Hotel in Greensboro, N.C.; The New Yorker, a Wyndham Hotel in New York; Wyndham Lake Buena Vista near Orlando, Fla.; and Cheyenne Mountain Resort, a Dolce by Wyndham in Colorado Springs, Colo.
Latin America and Mexico – Over a dozen hotels, resorts and all-inclusives including Wyndham Alltra Cancun in Cancun, Mexico (all-inclusive); Wyndham Alltra Playa del Carmen in Playa del Carmen, Mexico (all-inclusive); Esplendor by Wyndham Buenos Aires in Buenos Aires, Argentina; Dazzler by Wyndham Rosario in Santa Fe, Argentina; and Wyndham Garden Sao Paulo Convention Center in Sao Paulo.
Europe, the Middle East, Eurasia and Africa – Over 30 hotels and resorts including Dolce by Wyndham Athens Attica Riviera in Vravrona, Greece, near Athens; Wyndham Grand Istanbul Kalamis Marina in Istanbul; and Wyndham Dubai Deira in Dubai, UAE.
Southeast Asia and Pacific Rim – Over 25 hotels and resorts including; Howard Johnson by Wyndham Incheon Airport in Incheon, Korea; Days Hotel & Suites by Wyndham Fraser Business Park Kuala Lumpur in Kuala Lumpur, Malaysia; and Wyndham Garden Hanoi in Hanoi, Vietnam.
Greater China – Nearly 70 hotels and resorts including Wyndham Chongqing Yuelai in Chongqinq, Wyndham Grand Foshan Gaoming in Guangdong, Wyndham Kunming Panlong in Yunnan, and Wyndham Garden Nanjing in Jiangsu.

For more information on The Meetings Collection, including a full list of participating hotels as well details on how to begin booking your next meeting of event, visit www.wyndhambusiness.com/meetings.

Additional photos associated with the above release may be downloaded here.

*Minimum TMV of $25,000 per meeting or event contract unlocks a 3% TMV rebate and 25% allowable attrition at participating U.S. hotels. Minimum TMV of $100,000 per meeting or event unlocks a 5% TMV rebate and 30% allowable attrition at participating U.S. hotels.

About Go Meet
Wyndham Rewards, the number one hotel rewards program as named by readers of USA TODAY, is proud to offer the world’s most generous rewards program for meeting planners: go meet^sm. With no minimum spend requirement and no maximum point limit, planners earn one point per dollar spent on qualifying revenue regardless of billing method. Plus, paying guests who are Wyndham Rewards® members earn 10 points per dollar spent or 1,000 points per stay, whichever is more, for qualified stays at participating hotels worldwide. Learn more at www.wyndhamrewards.com/gomeet.

About Wyndham Business
Wyndham Business provides a suite of tools for meeting planners and travel advisors to save time and money, by simplifying business travel bookings. With special discounted rates, exclusive perks, and best-in-class business tools, Wyndham makes it easier to source the right hotels and help maximize efficiency. From transient travel and long-term stay projects to conferences and more, anytime you need to book five or more rooms, Wyndham Business has you covered. For more information, visit www.wyndhamhotels.com/wyndham-business.

Continued expansion of the Wyndham Alltra brand offers everyday travelers more all-inclusive experiences across Mexico

PARSIPPANY, N.J. – (September 27, 2022) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across 95+ countries, welcomes the Wyndham Alltra Riviera Nayarit to its new, all-inclusive Wyndham Alltra brand. This comes on the heels of the brand’s debut with Wyndham Alltra Cancun and Wyndham Alltra Playa del Carmen, and further expands the upper midscale all-inclusive resort experience across Mexico. Wyndham Alltra is the Company’s first brand dedicated to the fast-growing all-inclusive segment, and this resort addition continues the strategic alliance between Wyndham Hotels & Resorts and Playa Hotels & Resorts.

Wyndham Alltra Riviera Nayarit is located in Nuevo Vallarta, Mexico, nestled along Mexico’s stunning Pacific coastline and lush tropical jungles at the foot of the soaring Sierra Madres. Nuevo Vallarta sits on Banderas Bay, an area well regarded for its golf courses, marina and long, sandy beach. This 229-room family-friendly all-inclusive resort helps families create unforgettable vacation memories and offers amenities including three pools, a 10,000 square foot spa, 12 restaurants and bars, a Camp Alltra kids club and daily beachfront fitness classes. Spacious suites serve as a home base for the whole family to relish in relaxation and create their dream experience from an extensive selection of activities such as daily group sports, a bike tour of Nuevo Vallarta, chef tastings, scuba diving and deep-sea fishing excursions, and nightly entertainment including theme nights and spectacular shows.

Currently, the resort is offering a special rate to celebrate its grand opening. Book a Junior Suite Tropical View at $179 per person per night for travel between October 10, 2022 and December 18, 2023. For more information or to make a reservation visit www.wyndhamhotels.com/wyndham-alltra/nuevo-vallarta-mexico/wyndham-alltra-riviera-nayarit-all-inclusive-resort/overview.

“As the world’s largest hotel franchising company, Wyndham offers experiences to make travel possible for all,” said Gustavo Viescas, Senior Vice President, Latin America and Caribbean Region, at Wyndham Hotels & Resorts. “Wyndham Alltra is an exceptional addition to our collection of brands, and we’ve seen great success working with Playa Hotels & Resorts to curate a stress-free and fun-filled premium travel experience at an affordable price point. We look forward to welcoming guests to this Mexican location.”

The name “Alltra” is born from the brand promise of “All-Inclusive Travel for All,” keeping with Wyndham’s mission of delivering exceptional experiences to the everyday traveler. Wyndham Alltra extends an all-inclusive resort experience that is distinct to the upper-midscale segment, offering upscale food and beverage, services, amenities and activities with an expressive local flavor at an exceptional value.

“Our Wyndham partnership has proven to be very successful,” said Fernando Mulet, Executive Vice President and Chief Investment Officer of Playa Hotels & Resorts. “The Wyndham Alltra Brand is well suited for the Puerto Vallarta destination, and with this third location we look forward to welcoming more families and giving them the opportunity to create unmatched memories to last a lifetime. It is a pleasure to be a part of an alliance that brings families and friends together.”

Wyndham Alltra is designed to make it easier for the everyday traveler to find truly outstanding all-inclusive hotel experiences outside of the segment’s typical upscale and luxury options. This provides an opportunity for hotel developers, owners, and investors to welcome new guests to all-inclusive hotels with unmatched support from Wyndham. The brand invites hoteliers to take advantage of Wyndham’s scale, distribution, services and loyalty program through this new all-inclusive brand.

About Playa Hotels & Resorts N.V.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA, “Playa”) is a leading owner, operator and developer of all-inclusive resorts in prime beachfront locations in Mexico, Jamaica and the Dominican Republic. Playa currently owns and/or manages a total portfolio consisting of 22 resorts (8,366 rooms) under the following brands: Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, Tapestry Collection by Hilton, Wyndham Alltra, Jewel Resorts and The Luxury Collection. Playa leverages years of all-inclusive resort operating expertise and relationships with globally recognized hospitality brands to provide a best-in-class experience and exceptional value to guests, while building a direct relationship to improve customer acquisition cost and drive repeat business. For more information, please visit www.playaresorts.com.

About Wyndham Alltra
Wyndham Alltra is All-Inclusive, All for you. The ultimate carefree vacation awaits with everything you’ve been daydreaming of all in one place. From exciting eats and refreshing cocktails to live entertainment and non-stop activities, picture-perfect beaches to inviting pools, we’ve got something for everyone. It’s the moment you’ve been waiting for. Put on your out of office. Take off to Wyndham Alltra. Book your next stay at www.wyndhamalltra.com or visit www.wyndhamdevelopment.com to learn more about all-inclusive development opportunities.

About Wyndham Hotels & Resort
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,000 hotels across 95+ countries on six continents. Through its network of approximately 819,000 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 23 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 95 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.

Teams with Béné, becoming one the first hotel companies to offer a portfolio-wide, mobile tipping platform

PARSIPPANY, N.J. (September 14, 2022) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across more than 95 countries, today unveiled a new, portfolio-wide, mobile tipping solution for its U.S. and Canadian franchisees, making it one of the first major hotel companies to do so.

Developed and managed by Béné, a leader in cashless tipping, the platform enables guests to easily tip hotel team members digitally via their preferred mobile device and is now available for adoption by Wyndham franchisees across all brands. It comes as a growing number of consumers adopt and show preference for digital payments, which according to consulting firm McKinsey, 82% of Americans are now using.

“The pandemic dramatically accelerated guest demand for digital payment solutions and that trend will only continue in the coming years,” said Scott Strickland, chief information officer, Wyndham Hotels & Resorts. “Having previously empowered our franchisees to accept digital, contactless payment for stays at their hotels, the next logical step was to find a solution that allows guests to recognize housekeepers, wait staff and other frontline team members in a similar fashion. This platform does exactly that and at virtually no cost to franchisees.”

Once a hotel opts-in and is setup on the Béné platform, guests can easily recognize the team member of their choice by scanning a QR code during their stay and choosing how much they would like to tip. QR codes are unique to each team member and tips are deposited daily either directly into their individual bank accounts or into the property’s account to be distributed with regular payroll. The platform accepts multiple forms of payment, including credit card, Apple Pay® and Google Pay^tm. Similar to other digital payment services, platform costs are covered by guests via a small transaction fee, leaving franchisees responsible only for basic marketing materials, which they can either order directly from Béné at a minimal cost or create themselves.

Added Strickland, “The beauty of this solution is its simplicity and how easy it is for our franchisees to allow their guests to make the switch from cash to digital. There’s no app to download and no software to install. It’s entirely web-based, which means so long as guests have a phone and an internet connection, they’re able to tip and show their appreciation.”

Wyndham’s push for mobile tipping comes amid the Company’s broader celebrations supporting International Housekeepers & Environmental Services Week, a global initiative sponsored by The Indoor Environmental Healthcare and Hospitality Association (IHEA), dedicated to recognizing the efforts of housekeepers and custodial staff members. Held every year during the second full week of September, Wyndham leadership, along with its franchisees, are spending the week celebrating housekeepers at hotels around globe, making in-person visits while giving away an array of awards and prizes, including millions of Wyndham Rewards points.

“At the heart of every great hotel is a great team of housekeepers,” said Scott LePage, president, Americas, Wyndham Hotels & Resorts. “This week is all about celebrating them and all that they do for both guests as well as our industry. While we invite everyone to join us in showing their thanks this week, our greater hope is that through initiatives like mobile tipping, we can empower guests by making it easier for them to show their appreciation with every stay, no matter the time of year.”

Mobile tipping is the latest initiative as part of Wyndham Hotels & Resorts ongoing, multi-year, digital transformation. Over the past three years, the Company has significantly invested in new technology to enhance the guest experience while delivering best-in-class resources and enhanced operational efficiencies for its franchisees. Earlier this year, it launched Road Trip Planner, an innovative new tool allowing travelers to seamlessly plot, plan and book their ideal road trip via Wyndham’s award-winning mobile app and more recently, debuted RevIQ, a next-generation, cloud-based, mobile-first revenue management system designed to help franchisees optimize their revenue strategies and grow market share.

One lucky at-home fan can win one million Wyndham Rewards points

GREENSBORO, N.C. (August 3, 2021) – Wyndham Rewards®, the world’s most generous rewards program spanning more than 50,000 hotels, vacation club resorts and vacation rentals, returns to Sedgefield Country Club this week as proud title sponsor of the 83^rd annual Wyndham Championship, bringing with it the chance for fans at the course and at home to win their share of over 100 million Wyndham Rewards points.

“The Wyndham Championship is one of the most fan-friendly stops on the PGA TOUR, and we want this year’s tournament to be more rewarding than ever before,” said Lisa Checchio, chief marketing officer at Wyndham Hotels & Resorts. “From points for free night giveaways at the tournament to a chance to win one million Wyndham Rewards points just by watching at home, fans this year won’t just be dreaming about getting away with Wyndham, they can actually win the points to do it!”

A Return to Points Paradise
Broadcasting on Golf Channel and CBS, this year’s Wyndham Championship will transport fans to a tropical, vacation-themed oasis. Signature course elements like Club Wyndham Beach and the tournament’s iconic sand sculpture are back and joined by fan favorite spots like Margaritaville at the Wyndham, the Wyndham Rewards Earner® Card Club, the USO Patriots Outpost presented by Truist and Heroes Vacation Club and more.

Also back this year is the Wyndham Rewards Points Paradise Pavilion. Thursday through Sunday, fans are invited to participate in a four-day interactive digital scavenger hunt that will have them searching course grounds for Wyndham Rewards branded QR codes. Using their mobile phones, fans will scan each code they find, unlocking Wyndham Rewards points along the way. The more codes they scan, the more points they’ll unlock—up to a four-day total of 15,000 points—enough for a weekend away at thousands of Hotels by Wyndham. Kids are invited to play as well for a chance to win instant prizes.

At-home fans in the U.S. can also get in on the fun by participating in this year’s watch and win experience, earning up to 3,000 points—enough for a discounted hotel stay at thousands of hotels—with a chance to win the grand prize: one million Wyndham Rewards points. To play, all fans need to do is tune into the tournament Saturday on CBS and keep an eye out for one of three larger-than-life, road-trip themed, sand sculptures. Upon spotting any one of the sculptures, they should head to WyndhamRewards.com, where they can click on the Points Paradise banner and indicate on which hole they spotted the sculpture. The first 5,000 at-home fans to log on and answer correctly will earn 3,000 Wyndham Rewards points while one-lucky fan will be randomly selected to win one million Wyndham Rewards points. No purchase is necessary to enter or win.

Millions of points will be available to claim for both of the above activations and fans must be members of Wyndham Rewards, which is free-to-join, to claim any earned rewards. Wyndham Rewards points will be distributed approximately 7-10 days post tournament and must be claimed by October 31, 2022. For more details on both of the above activations, including full terms and conditions, visit www.wynpointsparadise.com.

Two Leading Travel Companies, One Award-Winning Rewards Program
The proud title sponsor of the Wyndham Championship since 2018, Wyndham Rewards is the blue thread that ties together the global portfolios of two of the world’s largest travel companies: Wyndham Hotels & Resorts, the world’s largest hotel franchising company and Wyndham Destinations, the world’s largest vacation ownership business, part of Travel + Leisure Co.

Consistently recognized by readers of USA TODAY as the number one hotel rewards program, no matter where or how you travel, Wyndham Rewards helps make those travels more rewarding. Members earn a guaranteed 1,000 points with every qualified stay and can redeem points towards free nights at tens of thousands of hotels, vacation club resorts and vacation rentals around the world or a host of other rewards like tours, activities, gas discounts, gift cards, shopping and more.

Wyndham Championship Fore! Good
Creating positive impact in the community is a hallmark of the Wyndham Championship, and Wyndham Championship Fore! Good—the tournament’s signature philanthropic platform—helps give back to worthy causes in central North Carolina and beyond.

This year, in support of Wyndham Championship Fore! Good, when a PGA TOUR golfer makes birdie or better on the 15^th, 16^th or 17^th hole during the third and fourth rounds on Saturday and Sunday, Wyndham Rewards will donate $500 to one of the Championship’s signature charities via “Birdies Fore Backpacks.” In addition, Thursday through Sunday, should a PGA TOUR golfer make a hole-in-one on the par-3 16^th hole, Wyndham Rewards will donate an additional 250,000 Wyndham Rewards points to all four signature charities, for a combined total of one million Wyndham Rewards points.

Through Birdies Fore Backpacks, Wyndham Rewards works with local organizations—Backpack Beginnings, Forsyth Backpacks, Out of the Garden Project and United Way of Greater High Point—to help feed children from low-income families around the Piedmont Triad region of North Carolina. Backpacks are packed with nutritionally-sound meals, which families take home every weekend. Just $5 can feed one child for a weekend while $150 can feed a child for a school year. Since its creation in 2014, the program has provided more than 750,000 meals to thousands of local families.

The Wyndham Championship runs through Sunday, Aug. 7. Teachers, first responders and members of the military are invited to attend for free along with a guest after submitting proper registration. To learn more, or to purchase tickets, visit www.wyndhamchampionship.com.

About the Wyndham Championship
Contested annually on the Donald Ross-designed course at Sedgefield Country Club in Greensboro, N.C., the Wyndham Championship was founded in 1938 and is the sixth-oldest event on the PGA TOUR excluding the Majors. The tournament thanks title sponsor Wyndham Rewards and presenting sponsor Truist for their continued support. Additional tournament information is available at www.wyndhamchampionship.com and the tournament’s social media channels, including the Wyndham Championship Facebook page, Twitter and Instagram.

About Wyndham Destinations
Wyndham Destinations is the world’s largest vacation ownership business with more than 245 vacation club resorts around the world that offer a contemporary take on the timeshare model. The brand portfolio — featuring Club Wyndham®, WorldMark® by Wyndham, Margaritaville Vacation Club® by Wyndham, and Shell Vacations Club — offers travelers the chance to own their vacation and explore places they’ve never visited before, year after year. More than 830,000 owners enjoy stays in a home away from home, featuring spacious suites with separate bedrooms, fully equipped kitchens, living and dining areas, as well as resort-style amenities and services. Wyndham Destinations is part of Travel + Leisure Co. (NYSE: TNL). Learn more at WyndhamDestinations.com.

Greensboro’s AAA Four-Diamond award-winning golf resort selects Wyndham Grand as its global sales and marketing partner; Joins Wyndham Rewards, the #1 hotel loyalty program

PARSIPPANY, N.J. (August 2, 2022) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across 95+ countries, today announced the expansion of its flagship Wyndham Grand® brand, adding Greensboro’s award-winning Grandover Resort & Spa to its growing global portfolio.

Named one of North Carolina’s Best Golf Hotels by U.S. News & World Report and ranked Greensboro’s No. 1 Resort by TripAdvisor, Grandover Resort & Spa, a Wyndham Grand Hotel, offers guests a sophisticated and secluded retreat just minutes from the heart of downtown Greensboro. Nestled on 1,600 wooded acres, the 244-room resort features two 18-hole championship golf courses, a world-class spa, tennis courts, fitness center, fine dining and more than 45,000 sq. ft. of flexible meeting space. The resort is also the official host hotel of this week’s Wyndham Championship, the sixth-oldest event on the PGA TOUR, excluding the majors.

“Grandover Resort & Spa is a spectacular property that masterfully captures the essence of what makes every stay with Wyndham Grand so special,” said Jurgen Schafers, Wyndham Grand group vice president and brand leader. “Elevated yet approachable, personable yet polished, it caters to travelers with welcoming, tailored experiences that allow them to make the most of every moment. It’s a tremendous addition to the Wyndham Grand brand and one we know guests, particularly those with a passion for golf, are absolutely going to love.”

Guests of Grandover Resort & Spa, a Wyndham Grand Hotel, will begin seeing nods to the hotel’s new brand affiliation starting today with full integration into Wyndham’s award-winning loyalty program, Wyndham Rewards®, expected later this Fall. Once integrated, guests will be able to earn points on qualified resort stays and redeem for free nights or a wide-array of other rewards. Wyndham Rewards has the distinction of having more free night redemption options than any other major hotel rewards program, offering stays at over 50,000 hotels, vacation club resorts and vacation rentals globally.

Through its affiliation with Wyndham Grand, Grandover will also become the newest hotel to join The Meetings Collection, Wyndham’s curated collection of hotels and resorts in highly sought-after meetings destinations across the U.S. Elevating Wyndham’s support of meeting planners, The Meetings Collection delivers a simple, streamlined way for organizers to source and book exceptional resorts, all while receiving competitive rates and generous rewards.

“As a proud partner of the Wyndham Championship, this move is a natural evolution of Grandover’s longstanding relationship with Wyndham,” said Kelly Harrill, executive vice president of Hospitality at Koury Corporation. “Wyndham is known the world over not only for its iconic brands but what is arguably one of the most compelling rewards programs in our industry today. Being able to tap into the program’s more than 95 million enrolled members, as well as best-in-class technology, sales and distribution platforms, all while maintaining the individuality, character and charm that is the Grandover, made the decision to align with Wyndham Grand an easy one.”

As a Wyndham Grand hotel, Grandover Resort & Spa joins an exclusive and growing brand portfolio of nearly 70 upper-upscale hotels located in some of the most sought-after destinations around the world, including Shanghai, Istanbul, Doha, Salzburg and Orlando. Approachable by design, hotels are known for the spectacular locales, striking architecture and intuitive service. Learn more and book your next stay at www.wyndhamgrand.com.

Additional photos associated with the above release can be downloaded here.

About Grandover Resort & Spa, a Wyndham Grand Hotel
Nestled on 1,600 wooded acres, Grandover Resort & Spa, a Wyndham Grand Hotel, is one of North Carolina’s premier golf destinations and Greensboro’s first-ever AAA Four-Diamond Award hotel. Offering 244-rooms, including five luxurious suites, the resort is just minutes from downtown Greensboro and features two 18-hole championship golf courses, a world-class spa, tennis courts, fitness center, fine dining and more than 45,000 sq. ft. of flexible meeting space. The resort is the centerpiece of Grandover, a multi-experience community developed and managed by family-owned Koury Corporation offering shopping, dining and recreation as well as business and residential spaces. For more information, or to book your next stay, visit www.grandoverresort.com.

About Wyndham Grand
Travel is the best excuse to enjoy the grand things in life. With locations in some of the world’s most sought-after vacation destinations – including Shanghai, Istanbul, Doha, Salzburg and Orlando – Wyndham Grand^® hotels transform ordinary moments into unforgettable experiences. Approachable by design, Wyndham Grand helps travelers make every moment count. Book your next escape at www.wyndhamgrand.com. You can also like and follow Wyndham Grand on Facebook and Instagram. For hotel development opportunities, visit www.development.wyndham.com.

Company Raises Full-Year 2022 Outlook and Grows Global Development Pipeline by 9% to a Record 208,000 Rooms

PARSIPPANY, N.J., July 26, 2022 – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended June 30, 2022. Highlights include:

Global RevPAR grew 23% compared to second quarter 2021 in constant currency.
System-wide rooms grew 3% year-over-year, including 2% of growth in the U.S. and 4% of growth internationally.
Hotel Franchising segment revenues grew 18% year-over-year.
Diluted earnings per share of $1.00 and adjusted diluted earnings per share of $1.07.
Net income of $92 million and adjusted net income of $99 million .
Adjusted EBITDA of $175 million.
Year-to-date net cash provided by operating activities of $242 million and free cash flow of $224 million.
Domestic development signings increased 77%, including 22 new construction projects for the Company’s new extended-stay brand, bringing the total number to 72 since launch in March.
Completed the sale of the Wyndham Grand Rio Mar Resort.
Returned $171 million to shareholders through $142 million of share repurchases and a quarterly cash dividend of $0.32 per share.
Company raises full-year 2022 outlook.

“We kicked off our high-demand summer season with the strongest Memorial Day we’ve ever experienced, as guests traveled further, stayed longer and spent more at our hotels than they did pre-pandemic,” said Geoffrey A. Ballotti, president and chief executive officer. “Our business experienced another strong quarter performing above both last year and 2019 as international recovery accelerated and our development teams grew our pipeline to a record level. Our second quarter results once again demonstrated the strength and durability of our business model and we are well on track to deliver on our 2022 commitments.”

Fee-related and other revenues increased 10% year-over-year to $354 million as the impact from the increase of global RevPAR and higher license fees were partially offset by a $21 million impact from the sale of the Company’s owned hotels and the exit of its select-service management business.

The Company generated net income of $92 million, or $1.00 per diluted share, an increase of $24 million, or $0.27 per diluted share, reflecting higher adjusted EBITDA, lower depreciation and amortization expense due to the sale of the Company’s owned hotels and lower expenses associated with the early extinguishment of debt. Adjusted EBITDA increased $7 million, or 4%, versus 2021 to $175 million reflecting the revenue growth, which was partially offset by an $8 million impact from the sale of the Company’s owned hotels and the exit of its select-service management business as well as a $2 million unfavorable timing impact from the marketing fund.

Full reconciliations of GAAP results to the Company’s non-GAAP adjusted measures for all reported periods appear in the tables to this press release.

System Size

The Company’s global system grew 3%, reflecting 2% growth in the U.S. and 4% growth 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 7% and 12%, respectively. The Company remains solidly on track with its goal of achieving a retention rate above 95% and its net room growth outlook of 2 to 4% for the full year 2022.

RevPAR

Second quarter RevPAR grew 23% globally in constant currency, including 15% growth in the U.S. and 59% growth internationally. The increase is approximately 80% driven by stronger pricing power and 20% driven by higher occupancy levels.

Business Segment Discussion

Hotel Franchising revenues increased 18% year-over-year to $335 million primarily due to the global RevPAR increase and higher license and other fees. Hotel Franchising adjusted EBITDA increased 11% to $185 million reflecting the growth in revenues, partially offset by a 340 basis point unfavorable timing impact from the marketing fund.

Hotel Management revenues decreased 59% year-over-year to $51 million, including a $53 million decrease in cost-reimbursement revenues, which have no impact on adjusted EBITDA. Absent cost-reimbursements, Hotel Management revenues decreased $19 million, or 50%, to $19 million due to the sale of the Company’s owned hotels and the exit of its select-service management business. Hotel Management adjusted EBITDA decreased $10 million year-over-year reflecting the same.

Development

The Company awarded 187 new contracts this quarter compared to 154 in the second quarter 2021. On June 30, 2022, the Company’s global development pipeline consisted of approximately 1,600 hotels and approximately 208,000 rooms, of which approximately 80% is in the midscale and above segments (nearly 70% in the U.S.). The pipeline grew 9% year-over-year, including 17% domestically and 5% internationally. Approximately 62% of the Company’s development pipeline is international and 78% is new construction, of which approximately 36% has broken ground.

Sale of Owned Hotel

On May 24, 2022, the Company completed the sale of the Wyndham Grand Rio Mar Resort in Puerto Rico for gross proceeds of approximately $62 million. There was no gain or loss on the sale as the proceeds approximated adjusted net book value. The Company entered into a 20-year franchise agreement with the buyer.

Cash and Liquidity

The Company generated $242 million of net cash provided by operating activities year-to-date and $224 million of free cash flow. The Company ended the quarter with a cash balance of $400 million and approximately $1.1 billion in total liquidity.

Share Repurchases and Dividends

During the second quarter, the Company repurchased approximately 1.9 million shares of its common stock for $142 million. The Company also paid common stock dividends of $29 million, or $0.32 per share, in the second quarter.

Full-Year 2022 Outlook

The Company is increasing its outlook as follows to reflect future projections related to the Company’s license fees from Travel & Leisure based on their full-year 2022 Gross VOI Sales outlook provided on April 28, 2022 as well as the impact of second quarter share repurchase activity:

^(a) Represents the percentage of adjusted EBITDA that is expected to produce free cash flow.

Conference Call Information
Wyndham Hotels will hold a conference call with investors to discuss the Company’s results and outlook on Wednesday, July 27, 2022 at 8:30 a.m. ET. Listeners can access the webcast live through the Company’s website at https://investor.wyndhamhotels.com. The conference call may also be accessed by dialing 888 632-3382 and providing the passcode “Wyndham”. Listeners are urged to call at least five minutes prior to the scheduled start time. An archive of this webcast will be available on the website beginning at noon ET on July 27, 2022. A telephone replay will be available for approximately ten days beginning at noon ET on July 27, 2022 at 800 925-9942.

Presentation of Financial Information
Financial information discussed in this press release includes non-GAAP measures, which include or exclude certain items. These non-GAAP measures differ from reported GAAP results and are intended to illustrate what management believes are relevant period-over-period comparisons and are helpful to investors as an additional tool for further understanding and assessing the Company’s ongoing operating performance. The Company uses these measures internally to assess its operating performance, both absolutely and in comparison to other companies, and to make day to day operating decisions, including in the evaluation of selected compensation decisions. Exclusion of items in the Company’s non-GAAP presentation should not be considered an inference that these items are unusual, infrequent or non-recurring. Full reconciliations of GAAP results to the comparable non-GAAP measures for the reported periods appear in the financial tables section of this press release.

About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,000 hotels across over 95 countries on six continents. Through its network of approximately 819,000 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 22 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 95 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.

Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the federal securities laws, including statements related to the Company’s current views and expectations with respect to its future performance and operations, including revenues, earnings, cash flow and other financial and operating measures, share repurchases and dividends, restructuring charges and statements related to the coronavirus pandemic (“COVID-19”). Forward-looking statements include those that convey management’s expectations as to the future based on plans, estimates and projections at the time the Company makes the statements and may be identified by words such as “will,” “expect,” “believe,” “plan,” “anticipate,” “intend,” “goal,” “future,” “outlook,” “guidance,” “target,” “objective,” “estimate,” “projection” and similar words or expressions, including the negative version of such words and expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

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