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Sep 30, 2023
Wyndham Q3 2023 Earnings Report
Wyndham's Q3 2023 results reflected growth in global RevPAR, domestic and international organic net room growth and an increase in hotel contracts, driving the development pipeline to a record 1,930 hotels.
Key Takeaways
Wyndham Hotels & Resorts reported a 3% increase in global RevPAR compared to Q3 2022, system-wide rooms grew by 3% year-over-year, and the development pipeline reached a record 237,000 rooms, growing 12% year-over-year. The company returned $134 million to shareholders through share repurchases and dividends.
Global RevPAR increased by 3% compared to the third quarter of 2022 in constant currency.
System-wide rooms grew by 3% year-over-year.
The development pipeline expanded by 4% sequentially and 12% year-over-year, reaching a record of 237,000 rooms.
The company signed over 230 contracts, an 8% increase year-over-year, including 60 new construction projects for ECHO Suites Extended Stay by Wyndham.
Revenue by Segment
Forward Guidance
The Company is updating its outlook to reflect the impact of third quarter share repurchase activity.
Positive Outlook
- Year-over-year rooms growth: 2 - 4%
- Year-over-year global RevPAR growth: 4 - 6%
- Fee-related and other revenues: $1.38 - $1.41 billion
- Adjusted EBITDA: $654 - $664 million
- Adjusted net income: $336 - $348 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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