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Sep 30, 2021
Wyndham Q3 2021 Earnings Report
Wyndham's Q3 2021 results were announced, showcasing significant recovery and growth driven by the select-service franchising business model and strategic investments.
Key Takeaways
Wyndham Hotels & Resorts reported strong Q3 2021 results, with U.S. RevPAR exceeding 2019 levels by 7% and system-wide rooms growing sequentially. The Company increased its dividend by 33% and raised its full-year 2021 outlook.
U.S. RevPAR exceeded 2019 levels by 7%, growing 59% versus 2020.
System-wide rooms grew 60 basis points sequentially, including 40 basis points of growth in the U.S. and 80 basis points of growth internationally.
Diluted earnings per share of $1.09 compared to $0.29 in third quarter 2020; adjusted diluted EPS of $1.16 compared to $0.36 in third quarter 2020.
The company raises full-year 2021 outlook.
Revenue by Segment
Forward Guidance
The Company updated its outlook for full-year 2021
Positive Outlook
- Net rooms growth of 1.5% to 2% versus our prior outlook of 1% to 2%.
- RevPAR growth of approximately 43% versus 2020, or a decline of approximately 14% compared to 2019, which is improved from growth of approximately 40% versus 2020, or a decline of approximately 16% compared to 2019.
- Fee-related and other revenues of $1.21 billion to $1.23 billion, up from $1.16 billion to $1.19 billion.
- Adjusted EBITDA of $560 million to $570 million, up from $525 million to $535 million.
- Adjusted net income of $275 million to $285 million, up from $244 million to $254 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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