North America Archives

Unveiled during annual First Tee – Central Carolina youth clinic, event kicks off a week of activities supporting the PGA TOUR’s 85th annual Wyndham Championship

GREENSBORO, N.C. (Aug. 6, 2024) – Civil rights pioneers, The Greensboro Six, are being celebrated today with the unveiling of a mural at historic Gillespie Golf Course in Greensboro, N.C. The culmination of a year-long journey first announced during last year’s 84^th annual Wyndham Championship, the outdoor mural, created by Brooklyn-based artist Vincent Ballentine, highlights the six men’s role in helping desegregate the game of golf while celebrating First Tee – Central Carolina, which today calls Gillespie home.

“Just over a year ago, we stood in this exact spot and shared the story of The Greensboro Six, six civil rights pioneers who not only made history here at Gillespie but in turn, helped change the game of professional golf. This mural is our way of memorializing these heroes and sharing their story with a new generation of golfers—all of whom walk in their footsteps.”

– Ryan Wilson, CEO, First Tee – Central Carolina

“Gillespie is a special place—one that has transformed over the decades to play a special role in this community. Now, as future generations of golfers come here and learn the game, it’s my hope that this piece can serve as a reminder, sparking meaningful conversation about The Greensboro Six and how their courageous story ultimately helped to uplift this community and empower others across these great 50 states.”

– Vincent Ballentine, Artist

Sharing the Story
Following today’s mural unveiling, Wyndham Rewards, in collaboration with First Tee – Central Carolina, announced plans for a short-form documentary detailing the story of The Greensboro Six and the creation of the mural. Under direction from two-time Emmy nominated director and writer, Eternal Polk—best known for his award-winning film, Gaining Ground: The Fight for Black Land—the film takes viewers behind-the-scenes with never-before-shared insights and interviews with surviving family members, local leaders and key community figures, among others. Slated to debut at a later date, a trailer for the film is now available at FirstTeeCentralCarolina.org/Mural-Project.

“It is an honor to help bring to life the story of The Greensboro Six and their triumph over racism and discrimination. They are an example of the power of doing good and it’s my hope their story inspires others to continue the fight for equality.”

– Eternal Polk, Director

The Legacy of The Greensboro Six
In 1955, less than one week after Rosa Parks was arrested for refusing to give up her seat on a Montgomery bus, six Black men led by Dr. George Simkins started a local movement of their own by defiantly playing a round at the whites-only Gillespie Golf Course. They were later arrested, convicted of trespassing and spent 15 days in jail. Seven years and numerous court cases later, their actions along with others led to Gillespie desegregating and later, seeing The Greater Greensboro Open (now the Wyndham Championship) become the first PGA TOUR event in the South to welcome a Black player (Charlie Sifford).

Today, Gillespie is home to First Tee – Central Carolina, a national youth development program using the game of golf to create life-changing opportunities for local youth on and off the course. It also has the distinction of being the first course in North Carolina to offer PGA HOPE (Helping Our Patriots Everywhere), a national program leveraging golf to enhance the wellbeing of active-duty military and veterans and is one of the only courses in the Triad catering to players with spinal injuries and disabilities through adaptive equipment and free programs.

To learn more about the Greensboro Six Mural Project at Gillespie Golf Course, visit FirstTeeCentralCarolina.org/Mural-Project.

Images associated with the above release can be downloaded here.

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About The City of Greensboro
Built around the core values of respect, inclusiveness, safety, innovation and sustainability, the mission of the City of Greensboro is to shape an inclusive future for equitable economic opportunity and sustainable, safe neighborhoods through resident focused services and programs. The Greensboro Parks and Recreation Department exists to provide professional and diverse leisure opportunities through inclusive programs, facilities, parks, and open space, ensuring that Greensboro is a desirable place to work, live, and play. Learn more at Greensboro-NC.gov.

About First Tee – Central Carolina
First Tee – Central Carolina is a youth development organization that enables kids to build the strength of character that empowers them through a lifetime of new challenges. Using golf and life skills as our tools, we provide kids opportunities on and off the course they may never have otherwise. We are active throughout the Triad region, and specifically focused on serving the East Greensboro and East Winston-Salem communities. Learn more at FirstTeeCentralCarolina.org.

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 seventh-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 WyndhamChampionship.com and the tournament’s social media channels (@WyndhamChamp) on Facebook, X, Instagram and LinkedIn pages.

About Wyndham Rewards
Proud title sponsor of the Wyndham Championship, Wyndham Rewards® is the blue thread tying together some of the world’s largest and most well-known travel companies and brands: Wyndham Hotels & Resorts, the world’s largest hotel franchising company and Club Wyndham®, the flagship vacation ownership brand of Travel + Leisure Co. Recognized as the #1 hotel rewards program by both U.S. News and World Report and USA Today, members—approximately 110 million enrolled around the world—earn a guaranteed 1,000 points with every qualified stay and can redeem for free nights starting at just 7,500 points. With more than 60,000 hotels, vacation club resorts and vacation rentals globally, no other hotel rewards program is more generous or offers more places to stay. Join for free at WyndhamRewards.com.

Looking fresh: America’s trusted roadside brand celebrates 50 years and a modern makeover with historically low room rates—available at hundreds of hotels for a limited time

PARSIPPANY, N.J. (July 29, 2024) – Dial-up internet, landlines, and VHS tapes—some things are best left in the past. But with age, some things only get better. At 50 years young, Super 8—America’s trusted roadside hotel brand—has never looked or felt better and to celebrate, the brand is giving guests a chance to book a room this summer at the same rate it charged in 1974: $8.88 a night plus tax. Act fast though – only 888 nights are available at the reduced rate.

“Remember when eight bucks could get you something special? Super 8 sure does! This milestone isn’t about looking back but celebrating how far we’ve come: from a single hotel in Aberdeen, South Dakota to one of the world’s largest hotel brands with over 2,600 locations worldwide. And while our yearly odometer may read 50—continued investment by our franchisees means our hotels don’t look or feel it.”

– Mike Mueller, President, Super 8 by Wyndham

Turning Back the Clock
Back in 1974, a gallon of gas cost just fifty-three cents, a bag of beef jerky was a buck, and a night at the original Super 8 in Aberdeen, South Dakota a cool $8.88. The inaugural room rate – a nod to the number eight in its name – symbolized the start of the brand’s groundbreaking mission to make comfortable, budget-friendly accommodations accessible to all.

Say goodbye to grandpa’s boxy dresser and grandma’s floral bedspreads because, at 50 years young, Super 8 is more vibrant than ever. Following a massive, $140+ million brand overhaul by franchisees just a few years ago, rooms today feature sleek furniture, stylish bedding and a host of modern amenities, all built around the brand’s signature offering—one-of-a-kind headboards featuring larger-than-life, bed-to-ceiling, hyper-local black and white art reflective of each hotel and its unique destination.

$8.88? That’s Super!
While costs have changed since the 70s, a great stay is forever timeless, especially at Super 8. For a limited time, the brand will bring back its historic $8.88 room rate. Here’s how to get yours:

Starting August 8, 2024, at 8:00 AM ET, 888 room nights will be available for sale at a rate of $8.88 each, plus tax, exclusively at super8.com/throwback.
Sales will be fulfilled in the form of 15,000 Wyndham Rewards points – good for at least one free night at hundreds of Super 8 hotels and points are redeemable for a minimum of 18 months after purchase. Limit of one purchase of 15,000 points per person and available on a first-come, first-served basis while supplies last.
You must be a Wyndham Rewards member and provide your membership number at the time of purchase. Travelers are strongly encouraged to join prior to attempting to purchase so they can have their member number on hand. Join for free at wyndhamrewards.com/join.
Upon successfully purchasing, points will be credited to your Wyndham Rewards account within three business days.

To score a Super 8 throwback rate, travelers must be 18 years of age and a resident of the U.S. and Canada. For more information, including official rules as well as full terms and conditions, visit www.super8.com/throwback.

About Super 8 by Wyndham
For five decades, Super 8® by Wyndham—one of the world’s largest economy hotel brands with more than 2,600 hotels globally—has served as a trusted and convenient companion on the road. Today, we’re on a mission to elevate economy, modernizing the brand for the next generation of traveler with redesigned rooms, fast, free Wi-Fi and a complimentary light breakfast. Learn more www.super8.com. Like us on Facebook and follow us on Instagram. For development opportunities, visit www.wyndhamdevelopment.com.

Company Raises Full-Year 2024 EPS Outlook

Company Grows Development Pipeline by 7% and System Size by 4%

PARSIPPANY, N.J (July 24, 2024) – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended June 30, 2024. Highlights include:

Global RevPAR grew 2% in constant currency.
System-wide rooms grew 4% year-over-year.
Opened over 18,000 rooms globally, including over 7,000 in the S., which represented a year- over-year increase of 16%, and the first ECHO Suites Extended Stay by Wyndham.
Awarded 180 development contracts globally, including 96 contracts in the S., which represented an increase of 33% year-over-year.
Development pipeline grew 1% sequentially and 7% year-over-year to a record 245,000 rooms.
Ancillary revenues increased 6% compared to second quarter 2023.
Diluted earnings per share increased 30%, to $1.07, and adjusted diluted EPS grew 22%, to $1.13, or 12% on a comparable basis.
Net income was $86 million for the second quarter, a 23% increase over the prior-year quarter; adjusted net income was $91 million, a 14% increase over the prior-year quarter.
Adjusted EBITDA increased 13% compared with the prior-year quarter, to $178 million, or 6% on a comparable basis.
Returned $162 million to shareholders through $131 million of share repurchases and quarterly cash dividends of $0.38 per share.
Successfully completed the repricing of its Term Loan B Facility, reducing its interest rate by 60 basis points to SOFR plus 1.75%, and upsizing the facility by $400 million.

“The resilience and highly cash generative nature of our business model was once again on full display this quarter,” said Geoff Ballotti, president and chief executive officer. “Amid a normalizing domestic RevPAR environment, we delivered strong adjusted EBITDA driven by net room and ancillary fee growth. We awarded 33% more hotel contracts domestically which grew our development pipeline to a record 245,000 rooms, and drove significant increases in our U.S, international and global royalty rates. Year-to-date, we’ve returned over $250 million to shareholders, representing 4% of our beginning market capitalization this year.”

System Size and Development

The Company’s global system grew 4%, reflecting 1% growth in the U.S. and 8% internationally. As expected, these increases included 3% growth in the higher RevPAR midscale and above segments in the U.S., as well as strong growth in the Company’s two highest international RevPAR regions, EMEA and Latin America, which grew 12% and 11%, respectively. The Company continued to improve its retention rate and remains solidly on track to achieve its net room growth outlook of 3 to 4% for the full year 2024.

On June 30, 2024, the Company’s global development pipeline consisted of approximately 2,000 hotels and 245,000 rooms, representing another record-high level and a 7% year-over-year increase. Key highlights include:

5% growth in the S. and 9% internationally
16^th consecutive quarter of sequential pipeline growth
Approximately 70% of the pipeline is in the midscale and above segments, which grew 4% year-over- year
Approximately 14% of the pipeline represents ECHO Suites Extended Stay by
Approximately 58% of the pipeline is international
Approximately 79% of the pipeline is new construction, of which approximately 35% has broken ground
During the second quarter of 2024, the Company awarded 180 new contracts, including 96 contracts in the U.S., which represented an increase of 33% year-over-year.

RevPAR

Second quarter global RevPAR increased 2% in constant currency compared to 2023, reflecting flat growth in the U.S. and 7% growth internationally.

In the U.S., the Company’s midscale and above segments grew RevPAR 2% year-over-year while RevPAR for its economy segment declined 2%. Overall, U.S. RevPAR results were driven by growth of 90 basis points in occupancy, partially offset by a decline of 50 basis points in ADR. Importantly, RevPAR growth in the U.S. accelerated during the second quarter, improving 520 basis points sequentially, including an improvement of 560 basis points for its U.S. economy brands.

Compared to 2019, which neutralizes the impact of COVID recovery timing, the Company grew RevPAR for its economy and midscale brands by 9% and 8%, respectively, while RevPAR for its upscale and above brands continued to lag 2019 by 2%.

Internationally, RevPAR for the Company’s Latin America, EMEA and Canada regions collectively increased 15% due to both continued pricing power, with ADR up 13%, and occupancy growth of 2%. RevPAR for the Company’s APAC region declined 12% primarily due to a difficult year-over-year comparison resulting from that region’s COVID recovery timing in second quarter 2023. APAC occupancy declined 7% and ADR declined 5%.

Compared to 2019, which neutralizes the impact of COVID recovery timing, the Company more than doubled the RevPAR for its Latin America, EMEA and Canada regions, while RevPAR for its APAC region continued to lag 2019 by 11%.

Second Quarter Operating Results

Fee-related and other revenues were $366 million compared to $358 million in second quarter 2023, reflecting global net room growth of 4% and a 6% increase in ancillary revenue streams, partially offset by a $3 million decline in management fees, in part due to the exit of the Company’s S. management business.
The Company generated net income of $86 million compared to $70 million in second quarter The increase was primarily reflective of higher adjusted EBITDA, a benefit in connection with the reversal of a spin-off related matter and a lower effective tax rate, partially offset by higher interest expense and restructuring costs.
Adjusted EBITDA grew 13% to $178 million compared to $158 million in second quarter 2023. This increase included a $10 million favorable impact from marketing fund variability, excluding which adjusted EBITDA grew 6% primarily reflecting higher fee-related and other revenues, disciplined cost management given the recent RevPAR environment as well as a benefit from insurance recoveries.
Diluted earnings per share was $1.07 compared to $0.82 in second quarter 2023. This increase reflects higher net income and the benefit of a lower share count due to share repurchase activity.
Adjusted diluted EPS grew 22% to $1.13 compared to $0.93 in second quarter 2023. This increase included $0.09 per share related to expected marketing fund variability (after estimated taxes). On a comparable basis, adjusted diluted EPS increased 12% year-over-year reflecting comparable adjusted EBITDA growth and the benefit of share repurchase activity partially offset by higher interest expense.
During second quarter 2024, the Company’s marketing fund expenses exceeded revenues by $5 million, in line with expectations; while in second quarter 2023, the Company’s marketing fund expenses exceeded revenues by $15 million, resulting in $10 million of marketing fund The Company continues to expect marketing fund revenues to equal expenses during full-year 2024.

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.

Balance Sheet and Liquidity
The Company generated $1 million of net cash provided by operating activities (inclusive of $42 million of payments related to the Company’s successful defense of a hostile takeover attempt) and generated adjusted free cash flow of $69 million in second quarter 2024. The Company ended the quarter with a cash balance of

$70 million and approximately $820 million in total liquidity.

The Company’s net debt leverage ratio was 3.5 times at June 30, 2024, the midpoint of the Company’s 3 to 4 times stated target range.

In May 2024, the Company successfully repriced and upsized its outstanding Senior Secured Term Loan B Facility (“Prior Term Loan B”). The new Senior Secured Term Loan B Facility (“New Term Loan B”) has an outstanding principal balance of $1.5 billion, which includes an upsize of $400 million. The facility has an interest rate of SOFR plus 1.75%, representing a 60 basis point reduction to the Prior Term Loan B.

Share Repurchases and Dividends
During the second quarter, the Company repurchased approximately 1.8 million shares of its common stock for $131 million. Year-to-date through June 30, the Company repurchased approximately 2.6 million shares of its common stock for $188 million.

The Company paid common stock dividends of $31 million, or $0.38 per share, during the second quarter 2024 and $63 million, or $0.76 per share, year-to-date.

The reduction in RevPAR and fee-related and other revenues reflects a more moderated RevPAR acceleration than previously anticipated. The reduction in adjusted net income represents an increase in interest expense due to the upsizing of the Company’s term loan B. This impact was more than offset in adjusted diluted EPS by second quarter share repurchase activity.

Year-over-year growth rates for adjusted EBITDA, adjusted net income and adjusted diluted EPS are not comparable due to full-year 2023 marketing fund revenues exceeding expenses by $9 million, which substantially completed the recovery of the $49 million support the Company provided to its owners during COVID. The Company continues to expect marketing fund revenues to equal expenses during full-year 2024 though seasonality of spend will affect the quarterly comparisons throughout the year.

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 Thursday, July 25, 2024 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 800 245-3047 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 25, 2024. A telephone replay will be available for approximately ten days beginning at noon ET on July 25, 2024 at 800 757-4764.

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 9,200 hotels across over 95 countries on six continents. Through its network of nearly 885,000 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 25 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 approximately 110 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit https://investor.wyndhamhotels.com. The Company may use its website and social media channels as 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 https://investor.wyndhamhotels.com or on the Company’s social media channels, including the Company’s LinkedIn account which can currently be accessed at https://www.linkedin.com/company/wyndhamhotels. Accordingly, investors should monitor this section of the Company’s website and the Company’s social media channels 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 Wyndham’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 and restructuring charges. Forward-looking statements are any statements other than statements of historical fact, including those that convey management’s expectations as to the future based on plans, estimates and projections at the time Wyndham makes the statements and may be identified by words such as “will,” “expect,” “believe,” “plan,” “anticipate,” “predict,” “intend,” “goal,” “future,” “forward,” “remain,” “outlook,” “guidance,” “target,” “objective,” “estimate,” “projection” and similar words or expressions, including the negative version of such words and expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Wyndham 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, including inflation, higher interest rates and potential recessionary pressures; global or regional health crises or pandemics (such as the COVID-19 pandemic) including the resulting impact on Wyndham’s business, operations, financial results, cash flows and liquidity, as well as the impact on its franchisees, guests and team members, the hospitality industry and overall demand for and restrictions on travel; the performance of the financial and credit markets; the economic environment for the hospitality industry; operating risks associated with the hotel franchising business; Wyndham’s relationships with franchisees; the impact of war, terrorist activity, political instability or political strife, including the ongoing conflicts between Russia and Ukraine and between Israel and Hamas, respectively; Wyndham’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 Wyndham’s ability to obtain financing and the terms of such financing, including access to liquidity and capital; and Wyndham’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 Wyndham’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. These risks and uncertainties are not the only ones Wyndham may face and additional risks may arise or become material in the future. Wyndham undertakes no obligation to publicly update or revise any forward- looking statements, whether as a result of new information, subsequent events or otherwise, except as required by law.

Mandeep Singh joins Wyndham to oversee the future development and successful rollout of ECHO Suites as openings follow in Texas and Virginia in the coming months

SPARTANBURG, S.C. (July 11, 2024) – Construction workers hitting the road for month-long projects, traveling nurses visiting a new city for extended periods and digital nomads taking advantage of today’s work-from-anywhere policies will now have a new home-away-from-home with ECHO Suites Extended Stay^SMby Wyndham, which celebrated the grand opening of its first location, ECHO Suites Spartanburg in South Carolina.

The opening marks a major milestone for the brand, which has grown its development pipeline to nearly 270 hotels and over 33,000 rooms across the U.S. and Canada. Timed amidst an influx of infrastructure projects expected across the country over the next decade, additional ECHO Suites are slated to open in Texas and Virginia this year.

“Spartanburg, like many other cities around the country, is booming with projects that require long-term, comfortable and affordable stays. ECHO Suites is the answer with a well-designed prototype created with the operator in mind. Plus, when you add in the collaboration with the world’s largest hotel franchisor, it’s a perfect match.”

– Philip Cox, ECHO Suites Spartanburg Owner

An Efficient Build for Today’s Everyday Traveler
The arrival of ECHO Suites coincides with historic infrastructure investments in the U.S., including $1.2 trillion in approved funding as part of the 2021 Infrastructure and Jobs Act, the largest in our nation’s history. This is coupled with $280 billion as part of the CHIPS and Science Act of 2022, driving construction of new chip manufacturing plants across the U.S.

Together, these projects are creating a tailwind for Wyndham and the everyday business traveler, particularly construction and other trade workers, many of whom are in need of long-term accommodations as they travel to job sites across the country. The work is expected to bring a $3.3 billion opportunity in additional room revenue to Wyndham franchisees over the multi-year period of spend.

The purpose-built, all new-construction, 124-room ECHO Suites prototype requires under two acres of land and has a highly competitive cost per key. Coming in at approximately 50,000 square-feet, the prototype is designed to offer 79% of revenue generating square footage. Rooms consist of single- and two-queen studio suites with kitchens as well as efficiently-designed public spaces—a lobby, fitness center and 24/7 guest laundry—that are designed to help limit labor needs.

Continued Investment in Extended-Stay Hotels
As part of its ongoing commitment to maintaining a leading presence in the white-hot extended-stay segment, Wyndham is also introducing Mandeep Singh as vice president, Extended Stay Operations. Mandeep brings over 20 years of global experience in extended-stay hotels, corporate housing, serviced apartments and multi-family properties. In this new role, Mandeep will oversee Wyndham’s growing portfolio of extended-stay brands with a focus on ECHO Suites and the new Waterwalk Extended Stay^sm by Wyndham brand.

“There’s enormous potential in the extended-stay segment, and the opening of our first ECHO Suites in Spartanburg is an exciting example of the brand delivering on that opportunity to our owners. With the addition of Mandeep Singh, we’re reinforcing our commitment to our Owner First philosophy as we continue to grow ECHO Suites to meet the needs of today’s guests.”

– Krishna Paliwal, President, Hawthorn Extended Stay by Wyndham and Head of Architecture, Design and Construction, Wyndham Hotels & Resorts

In addition to the opening of the first ECHO Suites in Spartanburg, the brand is on track to have 75 hotels open or under construction by the end of 2026 and 300 open hotels by 2032. For more information on ECHO Suites Extended Stay by Wyndham, including development opportunities, visit www.wyndhamdevelopment.com.

Additional photos associated with the above release are available here.

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Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the federal securities laws, including statements related to Wyndham’s current views and expectations with respect to expected hotel openings and revenue opportunities. Forward-looking statements are any statements other than statements of historical fact, including those that convey management’s expectations as to the future based on plans, estimates and projections at the time Wyndham makes the statements and may be identified by words such as “will,” “expect,” “believe,” “plan,” “anticipate,” “predict,” “intend,” “goal,” “future,” “forward,” “remain,” “outlook,” “guidance,” “target,” “objective,” “estimate,” “projection” and similar words or expressions, including the negative version of such words and expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Wyndham 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, including inflation, higher interest rates and potential recessionary pressures; global or regional health crises or pandemics (such as the COVID-19 pandemic) including the resulting impact on Wyndham’s business, operations, financial results, cash flows and liquidity, as well as the impact on its franchisees, guests and team members, the hospitality industry and overall demand for and restrictions on travel; the performance of the financial and credit markets; the economic environment for the hospitality industry; operating risks associated with the hotel franchising business; Wyndham’s relationships with franchisees; the impact of war, terrorist activity, political instability or political strife, including the ongoing conflicts between Russia and Ukraine and between Israel and Hamas, respectively; Wyndham’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 Wyndham’s ability to obtain financing and the terms of such financing, including access to liquidity and capital; and Wyndham’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 Wyndham’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. These risks and uncertainties are not the only ones Wyndham may face and additional risks may arise or become material in the future. Wyndham undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise, except as required by law.

The family-friendly hotel brand kicks off a nationwide hunt for a travel-ready, cheese-loving, social-savvy family eager to savor the Midwest's finest fromage

PARSIPPANY, N.J. (July 9, 2024) – Cheese fanatics, rejoice! From the picturesque hills of Wisconsin to the delightful dairy farms of Iowa and plenty of cheddar stops in between, one thing is for sure: cheese isn’t just food—it’s a way of life, and the Midwest has mastered it. That’s why, this summer, AmericInn by Wyndham, the family-friendly hotel brand known as America’s welcoming neighbor, is celebrating America’s cheese devotion with a search for the ‘Cheesiest’ Family in America. In exchange for a $15,000 payday, the hotel chain seeks a cheese-loving family to hit the road through the Midwest, crafting social media content for the brand – where cheese puns are the star attraction.

It’s no surprise that cheese holds a special place in the hearts (and stomachs) of Americans. Recent research reveals that nearly 96% of Americans enjoy cheese regularly and about a third savor it in their meals on average of three times daily. From the mouth-watering cheese curds of Wisconsin to the artisanal fromage of Minnesota the first-ever AmericInn Cheesiest Family will dive headfirst into seven nights of cheesy bliss.

“No matter where you live, nothing beats the bonding power of cheese. And when it comes to the best, there’s no doubt the Midwest reigns supreme. Just like cheese brings families together over delicious meals, AmericInn connects guests with unforgettable travel experiences across America’s heartland and beyond. Our first ever Cheesiest Family will fully immerse themselves in the best cheese-scapades, experiencing AmericInn signature hospitality and sharing their memorable adventures on social media.”

– Clem Bence, Vice President and Brand Leader, AmericInn by Wyndham

A Legendary Cheese-Filled Journey on The Open Road
The adventures of America’s Cheesiest Family know no bounds! This cheese-filled escapade will take your family through Wisconsin, Minnesota, and Iowa, immersing you in all things cheese from start to finish. Experience a traditional Wisconsin-style cheese curds crawl and visit an authentic Iowa dairy farm to meet the cows behind the cheesy goodness. And for cheese enthusiasts seeking the wildest and most indulgent flavors, the Minnesota State Fair awaits as the perfect finale to your cheesy adventure! As you savor and explore, you’ll capture your adventures on social media, creating content for AmericInn channels.

America’s Welcoming Neighbor
Founded in the heart of Minneapolis-Saint Paul, AmericInn by Wyndham got its start as a charming Midwest brand, where every guest is treated like a beloved neighbor, offering cozy comfort and genuine hospitality. Now, with over 225 locations across the United States, AmericInn proudly embodies American values, dedicated to making a positive impact on both guests and communities. As they embark on a cheese-filled adventure, the winning family will stay at AmericInn properties along the way, savoring the warmth and welcoming spirit of America at every delightful stop.

The Search is On
Do you have what it takes to be crowned the AmericInn Cheesiest Family? If your crew is passionate about creating engaging content and capturing share-worthy memories, you could be the perfect fit.

Responsibilities:

Participate in a range of cheese-themed experiences for seven days.
Document your adventures in real-time and deliver unique photo and video content.
Create content for the brand social media channels.
Inspire others by sharing your experiences on your social media channels.

Qualifications:

Must be available to travel on or about August 23 – August 30, 2024.
A social media-savvy family with active social media accounts (TikTok and Instagram preferred).
Parents or guardians must be at least 21 years old.
U.S. resident with a valid federal or state-issued ID and ability to drive to select locations.

The Perks:

Seven paid nights at AmericInn hotels
$10,000 travel stipend (to cover airfare, ground transportation, and on-the-go travel expenses)
$5,000 cash
Wyndham Rewards® Diamond level membership
Suitcase full of AmericInn swag
An epic summer vacation accompanied by a belly full of cheese.

How to Apply:

To enter the contest, visit http://wyndhamhotels.com/cheesiestfamily to submit a written entry with no less than 300 words or a 60-second or shorter video describing what makes your family the ideal candidate for the job. Video submissions that highlight applicants’ storytelling skills and social savviness are strongly encouraged.
Families must also provide a family photo, the full names of all applicants, the handles to public and active social media accounts, plus current state and town/city of residence.
Submissions will be judged based on originality, creativity, social media savviness, and the family’s undeniable love for cheese.
Applications will be accepted through 11:59 PM ET on July 30, 2024.
Applicants must have consent from all parties that are included in both video and written applications. Entries must comply with official rules.

If you’re a family who loves creating engaging experiences together and documenting your family’s adventures, apply to be the AmericInn Cheesiest Family. AmericInn will select the winning family on or about the week of August 12, 2024. No purchase is necessary to enter. The approximate retail value of the award package is $15,700. For more information, including official rules, visit http://wyndhamhotels.com/cheesiestfamily.

About AmericInn by Wyndham
AmericInn by Wyndham prides itself on delivering quality stays and genuine, neighborly service at more than 200 locations across the United States. Contemporary curb appeal, consistency and guest satisfaction are the brand’s specialties, providing a warm retreat complete with hot breakfast, high-speed Wi-Fi, and warm java on the house. For more information, visit www.americinn.com, and like AmericInn on Facebook.

Wyndham Connect℠ is designed to help owners increase revenue and curate personalized experiences for guests; now available in North America

PARSIPPANY, N.J. (July 1, 2024) – Owners looking to boost revenue, elevate their service to guests and make their day-to-day operations run more seamlessly can now take advantage of Wyndham Connect℠ in North America. First announced at its 2023 Global Conference, Wyndham’s new guest engagement platform powered by Canary Technologies comes at no additional cost to owners.

Designed to enhance the guest experience through a series of best-in-class, mobile-centric tools, Wyndham Connect leverages one of the most substantial AI-driven large language models, allowing owners to cater to modern travelers and their evolving needs. Today, nearly 2,000 hotels in North America have started using Wyndham Connect, leveraging its benefits to drive value and help support their bottom lines.

“We always put our franchisees first, and investing in innovative technology like AI sets them apart from the competition. With access to powerful solutions like Wyndham Connect, our franchisees can manage their businesses more efficiently and curate guest experiences to help make stays more meaningful than ever. The result? Happier guests, higher chances for repeat business and money in franchisees’ pockets.”

– Scott Strickland, Chief Commercial Officer, Wyndham Hotels & Resorts

Enhancing Experiences, Enhancing Business
Last year, hotels across all Wyndham brands globally with Overall Social Review (OSR) scores above 4.0, on average, saw twice as much RevPAR growth compared to those with lower scores. Designed to increase profitability by leveraging technology to streamline owner operations, the rollout of Wyndham Connect helps owners keep guests more engaged than ever by personalizing their experience.

Whether it’s leveraging AI to respond to 80% of common guest messages like directions to the airport shuttle or helping guests to plan for a late departure, Wyndham Connect enhances the guest experience while giving staff time back to focus on other key areas of day-to-day operations. Key benefits of Wyndham Connect include:

Messaging that Matters: Allows staff to use AI-generated messaging to help respond to guests via text message with ease and speed before, during and after their stay.
Smart Mobile Check-In: Speeds up the check-in process for both guests and front desk agents, helping to verify guest information in advance and protect hotels from chargebacks.
Effortless Upsell: From early check-in, late check-out and personalized upgrades, hotels can generate incremental revenue while making each stay personal and memorable for guests.
Smart Mobile Check-Out: Provides a faster, contactless check-out experience for guests, while helping alert front desk agents and housekeeping staff when guest rooms are available.
Boosting Online Reviews: Encourages guests to complete surveys via text message following their stay, helping hotels improve the chances of receiving positive online reviews while addressing guest concerns more quickly.
Integrated Mobile Tipping: Allows guests to easily leave housekeeping tips, in an age when carrying cash is less common. The benefit? Based on all Wyndham hotels that have adopted the digital solution, the average tip is more than $10.

“I do business with Wyndham because they invest in my success. With industry-leading property and revenue management services and access to technology like Wyndham Connect, I’m building relationships with my guests and its translating to hundreds of dollars a week that I’d otherwise miss out on.”

– Ajit Patel, Wyndham Franchisee

Unleashing the Power of AI
The rollout of Wyndham’s guest engagement platform is part of the Company’s broader approach to technology. Over the last six years, Wyndham has invested nearly $325 million delivering industry-first sales, marketing and digital innovations—all part of The Wyndham Advantage—to elevate the owner and guest experience.

Strategically embracing AI and allowing for innovation to revolutionize its operations has been a key focus area for Wyndham to support owners, guests and team members. From implementing AI to advance how Wyndham engages with guests to enabling team members to tackle day-to-day tasks like transcribing meeting notes during virtual meetings, Wyndham has taken a purposeful approach to drive efficiency, productivity and enhanced experiences for team members, owners and guests. Some highlights include:

Tech-Forward Call Centers: From real time coaching prompting agents to speak slower to reminders of procedures in place to find solutions quicker, Wyndham call centers are embracing AI. This also includes the adoption of conversational AI to answer calls on behalf of agents and summarize cases, ultimately giving them time back to serve more guests and serve them better.
Effective Guest Service: With an easy-to-access chatbot within the mobile app, Wyndham can service its guests and loyal Wyndham Rewards members by answering about 60% of common questions—giving guests a better experience and customer care and call center team members time back to focus on high-priority cases. Missing Wyndham Rewards points? Wyndham chatbots can quickly validate members and their stays and award their points promptly in the chat—a process that could have taken days previously.
Easy Owner Solutions: As part of its owner engagement platform, Wyndham Community, the Company is leaning into AI to quickly address owner needs. Whether it’s an inquiry on brand standards or a question about a folio, Wyndham has incorporated natural language AI into its systems to get answers to owners faster—allowing them to focus in on what matters most, their business and their guests.
Streamlined Operations: Wyndham is leaning into AI to analyze and forecast opportunities related to rate and occupancy optimization, sales leads and more to help owners maintain a competitive edge and maximize their revenue. What previously could have taken hours for team members and owners to sift through is now more readily available than ever, leading to more fruitful conversations, more strategic decisions and actionable solutions to elevate owners’ businesses.

For more information about Wyndham Hotels & Resorts, including franchising opportunities, visit www.wyndhamdevelopment.com.

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Say goodbye to travel FOMO with Wyndham Rewards and the Ultimate Hotel Pass

PARSIPPANY, N.J. (June 20, 2024) – Summer is officially here and to celebrate, Wyndham Rewards® is launching the Ultimate Hotel Pass, a first-of-its kind offering that unlocks 30 nights of hotel stays for just $499 plus tax. Whether you’re longing for the sandy beaches of Mexico, a picturesque national park, or a vibrant Mediterranean escape, the limited-edition pass—good for stays through the end of September—is a once-in-a-lifetime chance to embark on a summer adventure unlike any other. Act fast though—only 25 passes are available and registration is required for a chance to purchase.

“Wyndham Rewards is known for its simplicity, its generosity and an incredible portfolio of thousands of hotels around the world—from breathtaking beachfront resorts and all-inclusives to sought-after city-center destinations that place guests in the heart of the action. With the Ultimate Hotel Pass, we’re making this the best summer ever by giving travelers an unprecedented chance to spend weeks experiencing the best Wyndham has to offer, all for a price of a weekend getaway.”

– Mike Shiwdin, Group Vice President, Loyalty & Strategic Partnerships, Wyndham Hotels & Resorts

A Pass Unlike Any Other
The Wyndham Rewards Ultimate Hotel Pass is unlike any other travel pass on the market today, offering access to Wyndham’s extensive hotel and resort portfolio all summer long. Benefits include:

30 nights of hotel stays redeemable over the next three months.
Access to nearly 9,200 hotels and resorts, including Caesars Rewards and Club Wyndham destinations.
A dedicated Pass Concierge to assist with all reservations, modifications, and cancellations.
Use of pass nights to book an extra room for accompanying guests.
Limited blackout dates with taxes and resort fees included at most hotels and resorts.

Summer’s Hottest Travel Deal
Like the best deals, the Ultimate Hotel Pass is available only for a limited time and in limited quantities. A total of just 25 passes will be available for purchase. Here’s how to score yours:

Beginning today, visit wyndhamrewards.com/hotelpass to register for your chance to purchase a pass when they go on-sale July 8, 2024. Registration closes on July 4, 2024 at 11:59 p.m. ET.
Starting July 8, 2024, 25 potential pass holders who registered will be randomly selected and notified of their opportunity to claim and purchase a pass.
Notified travelers will have 48-hours to claim their pass.

To purchase a Wyndham Rewards Ultimate Hotel Pass, travelers must be 18 years of age, a resident of the U.S. and a member of Wyndham Rewards. Pass holders may not use the pass to book vacation rental properties and have until September 30, 2024, to complete all bookings. Stays must be completed by October 1, 2024. For more information, including official rules as well as full terms and conditions, visit wyndhamrewards.com/hotelpass.

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About Wyndham Rewards
Part of Wyndham Hotels & Resorts (NYSE: WH), the world’s largest hotel franchising company, Wyndham Rewards is the #1 hotel rewards program as named by both U.S. News & World Report and USA Today. Members—over 108 million enrolled around the world—earn a guaranteed 1,000 points with every qualified stay and can redeem for free nights starting at just 7,500 points. With more than 60,000 hotels, vacation club resorts and vacation rentals globally, no other hotel rewards program is more generous or offers members more places to stay. Join for free at WyndhamRewards.com.

GREENSBORO, N.C. (June 17, 2024) – Following a nation-wide search that saw more than 50 submissions from artists coast-to-coast, Wyndham Rewards®, in collaboration with the City of Greensboro and First Tee – Central Carolina, today announced artist Vincent Ballentine has been selected to design and install a commemorative mural honoring civil rights pioneers, The Greensboro Six, at historic Gillespie Golf Course in Greensboro, N.C.

Wyndham Rewards introduced Vincent to the community at a press conference at Gillespie and shared an early rendering of his concept for the mural, honoring The Greensboro Six’s impact while celebrating Gillespie’s continued significance to the community through the work of First Tee. Ballentine’s vision and work will formally be unveiled during a special celebration at Gillespie on August 5, ahead of the PGA TOUR’s 85^th Annual Wyndham Championship.

“This mural is a special reminder of our tremendous history in Greensboro, and the impact The Greensboro Six had on the sport of golf and beyond. Vincent’s design captures our vision of bringing the community together through the power of golf and will serve as an everyday reminder of our storied past—and because of that—our beautiful future.”

– Ryan Wilson, CEO, First Tee – Central Carolina

“The Gillespie mural honors courageous men who overcame deep-rooted racial challenges to inspire incredible change. My hope is that the mural sparks meaningful conversations among younger generations about our history and the importance of inclusivity while establishing a permanent fixture paying homage to the Greensboro Six.”

– Vincent Ballentine

Illustrating History, Inspiring Generations
Brooklyn-based Vincent Ballentine is a multi-disciplined visual artist with a degree in film and education from the University of the Arts in Philadelphia and continued study in film at Cleveland Institute of Art. His work ranges from digital illustration and animation, to large-scale murals and street art and has been commissioned by the likes of NCAA, MTV and BET, among others.

With a heartfelt passion for storytelling through art and a desire to inspire generational connectivity and inclusivity, Ballentine was chosen from a pool of more than 50 accomplished artists nationwide to tell the story of The Greensboro Six. His interpretation of history details the Civil Rights heroes as they walk through the doors of the Gate City, a nickname for the city of Greensboro, and ushers in a new day for golf and the world we live in today. The image is complemented with nods to the continued significance Gillespie plays in the community today, particularly through the work of the First Tee.

The Legacy of The Greensboro Six
In 1955, one week after Rosa Parks was arrested for refusing to give up her seat on a Montgomery bus, six Black men led by Dr. George Simkins started a local movement of their own by defiantly playing a round at the whites-only Gillespie Golf Course. They were later arrested, convicted of trespassing and spent 15 days in jail. Seven years and numerous court cases later, their actions led to Gillespie desegregating and later, seeing The Greater Greensboro Open (now the Wyndham Championship) become the first PGA TOUR event in the South to welcome a Black player (Charlie Sifford).

Today, Gillespie is home to First Tee – Central Carolina, a national youth development program using the game of golf to create life-changing opportunities for local youth on and off the course. It also has the distinction of being the first course in North Carolina to offer PGA HOPE (Helping Our Patriots Everywhere), a national program leveraging golf to enhance the wellbeing of active-duty military and veterans and is one of the only courses in the Triad catering to players with spinal injuries and disabilities through adaptive equipment and free programs.

To learn more about the Greensboro Six Mural Project at Gillespie Golf Course, visit FirstTeeCentralCarolina.org/Mural-Project.

Images associated with the above release can be downloaded here.

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About First Tee Central Carolina
First Tee – Central Carolina is a youth development organization that enables kids to build the strength of character that empowers them through a lifetime of new challenges. Using golf and life skills as our tools, we provide kids opportunities on and off the course they may never have otherwise. We are active throughout the Triad region, and specifically focused on serving the East Greensboro and East Winston-Salem communities. Learn more at FirstTeeCentralCarolina.org.

About Wyndham Rewards
Proud title sponsor of the Wyndham Championship, Wyndham Rewards® is the blue thread tying together some of the world’s largest and most well-known travel companies and brands: Wyndham Hotels & Resorts, the world’s largest hotel franchising company and Club Wyndham®, the flagship vacation ownership brand of Travel + Leisure Co. Recognized as the #1 hotel rewards program by both U.S. News and World Report and USA Today, members—approximately 108 million enrolled around the world—earn a guaranteed 1,000 points with every qualified stay and can redeem for free nights starting at just 7,500 points. With more than 60,000 hotels, vacation club resorts and vacation rentals globally, no other hotel rewards program is more generous or offers more places to stay. Join for free at WyndhamRewards.com.

Real estate and hospitality veteran to lead Wyndham’s accelerating growth strategy

PARSIPPANY, N.J. (May 17, 2024) – Wyndham Hotels & Resorts (NYSE: WH) appointed Amit Sripathi Chief Development Officer reporting to the Company’s President and Chief Executive Officer, Geoff Ballotti. Sripathi will lead Wyndham’s North American franchise sales team as they help hotel owners tap into the power of the world’s largest hotel franchise company and its iconic brands.

“Amit’s deep experience in mergers & acquisitions and capital markets focused on the real estate and hospitality sectors at Deutsche Bank and RLJ Lodging are instrumental as we increase our focus on growing our midscale-and-above portfolio while reinforcing our leading position in the resilient select-service segments,” said Ballotti. “Since joining Wyndham, Amit has demonstrated a strategic approach to growth. He’s helped divest our owned and managed segments leading to a pure-play U.S. franchise business and worked with our sales teams across the country and around the world deploying over $250 million in development support for our owners. He hits the ground running, knowing what our franchise sales teams need to continue outperforming expectations.”

“With 15 consecutive quarters of organic net room growth and our largest development pipeline ever, it’s clear that existing and prospective franchisees appreciate Wyndham’s market-share leading brands and the world-class sales, marketing and distribution systems curated for their individual needs,” said Sripathi. “Together with the best franchise sales team Wyndham has ever assembled, we will help even more owners discover the power of partnering with Wyndham and experiencing our Owner-First^SM approach.”

After a successful career, which began at Wyndham’s predecessor company, Hospitality Franchise Systems, Chip Ohlsson, Chief Development Officer, will be leaving the Company in June. During his tenure, Chip helped expand the Wyndham portfolio from 14 to 25 brands including ECHO Suites Extended Stay by Wyndham, the industry’s fastest-growing, new-construction brand launch. A champion for diversity on the franchise sales team and for owners, Chip was instrumental in creating groundbreaking programs like Women Own the Room^SM (an industry first) and BOLD^SM by Wyndham, which help make our industry more diverse while bringing new owners into the Wyndham family.

“From launching his sales career with us in 1993, to returning nearly ten years ago to lead our North America franchise sales teams, Chip has shown unwavering commitment to Wyndham and our franchisees,” said Ballotti. “We are extremely grateful for his proven leadership and ability to attract, promote and develop a best-in-class sales team that consistently delivers, and we wish him all the best.”

Images associated with the above release can be downloaded here.

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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. (April 24, 2024) – 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.”

System Size and Development

The Company’s global system grew 4%, reflecting 1% growth in the U.S. and 8% 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 3% and 13%, respectively. The Company remains solidly on track to achieve its net room growth outlook of 3 to 4% for the full year 2024, including an increase in its retention rate compared to 2023.

On March 31, 2024, the Company’s global development pipeline consisted of nearly 2,000 hotels and approximately 243,000 rooms, representing another record-high level and an 8% year-over-year increase. Key highlights include:

• 15^th consecutive quarter of sequential pipeline growth

• 5% growth in the U.S. and 9% internationally

• Approximately 69% of the pipeline is in the midscale and above segments, which grew 4% year-over-year

• Approximately 58% of the pipeline is international

• Approximately 79% of the pipeline is new construction, of which approximately 35% has broken ground

RevPAR

First quarter global RevPAR increased 1% in constant currency compared to 2023, reflecting a 5% decline in the U.S. and growth of 14% internationally.

In the U.S., the Company lapped the most difficult year-over-year comparisons during the first quarter, resulting in a decline of 440 basis points in occupancy and 50 basis points in ADR. Notably, the Company saw improving trends in March with RevPAR improving 240 basis points compared to February. This improvement marks a significant pivot toward growth, preceding the peak leisure travel season.

Internationally, the Company generated year-over-year RevPAR growth for the first quarter in all regions primarily driven by continued pricing power, with ADR up 12% and occupancy up 2%. The largest contributors to first quarter growth were our Latin America and EMEA regions.

First Quarter Operating Results

• Fee-related and other revenues were $304 million compared to $308 million in first quarter 2023, reflecting a decline of $5 million in royalty and franchise fees, partially offset by an 8% increase in ancillary revenue streams. The decline in royalties and franchise fees was primarily driven by the decline in U.S. RevPAR and the lapping of our highest quarter of other franchise fees, partially offset by global net room growth and higher international RevPAR.

• The Company generated net income of $16 million compared to $67 million in first quarter 2023. The decrease primarily reflects transaction-related expenses resulting from the unsuccessful hostile takeover attempt by Choice Hotels, an impairment charge primarily related to development advance notes and higher interest expense.

• Adjusted EBITDA was $141 million compared to $147 million in first quarter 2023. This decrease included a $10 million unfavorable impact from marketing fund variability, excluding which adjusted EBITDA grew 3% primarily reflecting favorable timing of expenses to better match revenue seasonality.

• Diluted earnings per share was $0.19 compared to $0.77 in first quarter 2023. This decrease reflects lower net income, partially offset by the benefit of a lower share count due to share repurchase activity.

• Adjusted diluted EPS was $0.78 compared to $0.86 in first quarter 2023. This decrease included $0.09 per share related to expected marketing fund variability (after estimated taxes). On a comparable basis, adjusted diluted EPS increased 1% year-over-year as comparable adjusted EBITDA growth and the benefit of share repurchase activity were largely offset by higher interest expense.

• During first quarter 2024, the Company’s marketing fund expenses exceeded revenues by $14 million, in line with expectations; while in first quarter 2023, the Company’s marketing fund expenses exceeded revenues by $4 million, resulting in $10 million of marketing fund variability. The Company continues to expect marketing fund revenues to equal expenses during full-year 2024.

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.

Balance Sheet and Liquidity
The Company generated $76 million of net cash provided by operating activities and adjusted free cash flow of $102 million in first quarter 2024. The Company ended the quarter with a cash balance of $50 million and over $580 million in total liquidity.

The Company’s net debt leverage ratio was 3.4 times at March 31, 2024, within the lower half of the Company’s 3 to 4 times stated target range.

During the first quarter of 2024, the Company executed $275 million of new forward starting interest rate swaps on its Term Loan B Facility, which will begin in fourth quarter 2024 and expire in 2027. The fixed rate of the new swaps is 3.4%. As a result, nearly all the Company’s Term Loan B Facility now has a fixed rate through the end of 2027.

Share Repurchases and Dividends
During the first quarter, the Company repurchased approximately 719,000 shares of its common stock for $57 million. The Company’s Board of Directors recently increased the Company’s share repurchase authorization by $400 million.

The Company paid common stock dividends of $32 million, or $0.38 per share, during first quarter 2024.

Full-Year 2024 Outlook
The Company is updating its outlook as follows to reflect the impact of first quarter share repurchase activity:

Conference Call Information
Wyndham Hotels will hold a conference call with investors to discuss the Company’s results and outlook on Thursday, April 25, 2024 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 April 25, 2024. A telephone replay will be available for approximately ten days beginning at noon ET on April 25, 2024 at 800 839-8531.

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 over 876,000 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 25 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 approximately 108 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit https://investor.wyndhamhotels.com. The Company may use its website and social media channels as 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 https://investor.wyndhamhotels.com or on the Company’s social media channels, including the Company’s LinkedIn account which can currently be accessed at https://www.linkedin.com/company/wyndhamhotels. Accordingly, investors should monitor this section of the Company’s website and the Company’s social media channels 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 Wyndham’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 and restructuring charges. All statements other than historical facts are forward-looking statements. Forward-looking statements include those that convey management’s expectations as to the future based on plans, estimates and projections at the time Wyndham makes the statements and may be identified by words such as “will,” “expect,” “believe,” “plan,” “anticipate,” “predict,” “intend,” “goal,” “future,” “forward,” “remain,” “outlook,” “guidance,” “target,” “objective,” “estimate,” “projection” and similar words or expressions, including the negative version of such words and expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Wyndham 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, including inflation, higher interest rates and potential recessionary pressures; global or regional health crises or pandemics (such as the COVID19 pandemic) including the resulting impact on Wyndham’s business, operations, financial results, cash flows and liquidity, as well as the impact on its franchisees, guests and team members, the hospitality industry and overall demand for and restrictions on travel; the performance of the financial and credit markets; the economic environment for the hospitality industry; operating risks associated with the hotel franchising business; Wyndham’s relationships with franchisees; the impact of war, terrorist activity, political instability or political strife, including the ongoing conflicts between Russia and Ukraine and between Israel and Hamas, respectively; Wyndham’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 Wyndham’s ability to obtain financing and the terms of such financing, including access to liquidity and capital; and Wyndham’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 Wyndham’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. These risks and uncertainties are not the only ones Wyndham may face and additional risks may arise or become material in the future. Wyndham undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise, except as required by law.

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