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Jun 30, 2022
Wyndham Q2 2022 Earnings Report
Wyndham's Q2 2022 results showcased strong growth driven by increased RevPAR and strategic development initiatives.
Key Takeaways
Wyndham Hotels & Resorts reported a strong second quarter in 2022, marked by a 23% increase in global RevPAR and an 18% rise in Hotel Franchising revenues. The company raised its full-year 2022 outlook and expanded its global development pipeline by 9% to a record 208,000 rooms.
Global RevPAR increased by 23% compared to Q2 2021 in constant currency.
System-wide rooms grew by 3% year-over-year, with 2% growth in the U.S. and 4% internationally.
Hotel Franchising segment revenues grew by 18% year-over-year.
The global development pipeline reached a record 208,000 rooms, a 9% increase year-over-year.
Revenue by Segment
Forward Guidance
The Company is increasing its outlook as follows to reflect future projections related to the Company's license fees from Travel & Leisure based on their full-year 2022 Gross VOI Sales outlook provided on April 28, 2022 as well as the impact of second quarter share repurchase activity
Positive Outlook
- Year-over-year rooms growth 2% - 4%
- Year-over-year global RevPAR growth 12% - 16%
- Fee-related and other revenues $1.29 - $1.32 billion
- Adjusted EBITDA $611 - $631 million
- Adjusted net income $323 - $334 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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