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Sep 30, 2022
Wyndham Q3 2022 Earnings Report
Wyndham's Q3 2022 results were reported with raised full-year outlook and increased share repurchase authorization.
Key Takeaways
Wyndham Hotels & Resorts reported strong Q3 2022 results, with global RevPAR growing by 12% and system-wide rooms increasing by 4%. The company raised its full-year 2022 outlook and increased its share repurchase authorization by $400 million.
Global RevPAR increased by 12% compared to Q3 2021 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 expanded by 10% year-over-year to 212,000 rooms.
Hotel Franchising segment revenues grew by 9% year-over-year.
Revenue by Segment
Forward Guidance
The Company is updating its outlook as follows: Year-over-year rooms growth~4%, Year-over-year global RevPAR growth 14 - 16%, Fee-related and other revenues $1.33 - $1.34 billion, Adjusted EBITDA $636 - $644 million, Adjusted net income $349 - $354 million, Adjusted diluted EPS $3.84 - $3.89, Free cash flow conversion rate ~55%
Positive Outlook
- Year-over-year rooms growth ~4%
- Year-over-year global RevPAR growth 14 - 16%
- Fee-related and other revenues $1.33 - $1.34 billion
- Adjusted EBITDA $636 - $644 million
- Adjusted net income $349 - $354 million
Challenges Ahead
- Free cash flow conversion rate ~55%
- Unpredictable amount of adjustments
- Potential adjustments may arise in the future during the forward-looking period
- Dependent on future events that may not be reliably predicted
Historical Earnings Impact
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Avg. Return Before/After Earnings
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