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Mar 31, 2023
Wyndham Q1 2023 Earnings Report
Wyndham's Q1 2023 earnings showcased strong growth in key metrics.
Key Takeaways
Wyndham Hotels & Resorts reported a strong first quarter in 2023, with global RevPAR increasing by 12% and system-wide rooms growing by 4%. The company's development pipeline also saw an 11% increase. Due to the outperformance, the company raised its full-year outlook.
Global RevPAR increased by 12% compared to Q1 2022 in constant currency.
System-wide rooms grew by 4% year-over-year, with 1% growth in the U.S. and 9% internationally.
The development pipeline grew by 11% year-over-year to 226,000 rooms.
The company returned $87 million to shareholders through share repurchases and dividends.
Revenue by Segment
Forward Guidance
The Company is increasing its outlook for the full year 2023.
Positive Outlook
- Year-over-year rooms growth is expected to be between 2-4%.
- Year-over-year global RevPAR growth is expected to be between 4-6%.
- Fee-related and other revenues are projected to be $1.38 - $1.41 billion.
- Adjusted EBITDA is expected to be $654 - $664 million.
- Adjusted diluted EPS is projected to be $3.92 - $4.06.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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