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Mar 31, 2020
Wyndham Q1 2020 Earnings Report
Wyndham's first quarter earnings declined due to COVID-19 impact, with revenue decreasing and RevPAR falling, but the company focused on cost reduction and liquidity.
Key Takeaways
Wyndham Hotels & Resorts reported a decrease in revenues by 12% to $410 million compared to Q1 2019. Global RevPAR declined by 23% in constant currency. Net income increased by 5% to $22 million, and adjusted EBITDA decreased by 4% to $107 million. The company is focused on cost reduction and maintaining liquidity amidst the COVID-19 crisis.
Diluted earnings per share increased 5% to $0.23, and adjusted diluted EPS decreased 4% to $0.50.
Net income increased 5% to $22 million, while adjusted net income decreased 8% to $47 million.
Adjusted EBITDA decreased 4% to $107 million.
System-wide rooms grew 2% year-over-year.
Wyndham
Wyndham
Wyndham Revenue by Segment
Revenue by Segment
Hotel Franchising Revenue
CapyFin.com Forward Guidance
Due to the rapidly evolving circumstances and uncertainty in travel demand, the Company remains unable, at this time, to accurately predict and provide 2020 outlook.