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Mar 31, 2024
Wyndham Q1 2024 Earnings Report
Wyndham's Q1 2024 performance was marked by global RevPAR growth, system-wide room expansion, and strategic development initiatives.
Key Takeaways
Wyndham Hotels & Resorts reported strong first-quarter results, with global RevPAR increasing by 1% in constant currency and system size growing by 4%. The company raised its full-year 2024 EPS outlook and increased its share repurchase authorization by $400 million.
Global RevPAR increased by 1% in constant currency, with international RevPAR growing by 14%.
System-wide rooms grew by 4% year-over-year.
The development pipeline reached a record 243,000 rooms, marking an 8% increase year-over-year.
The Board of Directors approved a $400 million increase in the share repurchase authorization.
Wyndham
Wyndham
Wyndham Revenue by Segment
Revenue by Segment
Hotel Franchising Revenue
CapyFin.com Forward Guidance
The company updated its outlook to reflect the impact of first quarter share repurchase activity.
Positive Outlook
- Year-over-year rooms growth: 3 - 4%
- Year-over-year global RevPAR growth: 2 - 3%
- Fee-related and other revenues: $1.43 - $1.46 billion
- Adjusted EBITDA: $690 - $700 million
- Adjusted net income: $341 - $351 million