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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.
Wyndham
Wyndham
Wyndham Revenue by Segment
Revenue by Segment
Hotel Franchising Revenue
CapyFin.com 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.