Loading...
•
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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...