Wyndham Q3 2024 Earnings Report
Key Takeaways
Wyndham Hotels & Resorts reported strong third quarter results with system-wide rooms growth of 4% and global RevPAR growth of 1%. Diluted EPS increased 7% to $1.29 and adjusted diluted EPS grew 6% to $1.39. The company raised its full-year 2024 EPS outlook and reaffirmed its remaining outlook.
System-wide rooms grew 4% year-over-year.
Global RevPAR grew 1% in constant currency.
Diluted earnings per share increased 7% to $1.29.
Development pipeline grew 1% sequentially and 5% year-over-year to a record 248,000 rooms.
Wyndham
Wyndham
Wyndham Revenue by Segment
Forward Guidance
The Company is refining its outlook as follows: Year-over-year rooms growth 3 - 4%, Year-over-year global RevPAR growth approximately flat, Fee-related and other revenues $1.41 - $1.43 billion, Adjusted EBITDA $690 - $700 million, Adjusted net income $338 - $348 million, Adjusted diluted EPS $4.22 - $4.34, Adjusted free cash flow conversion rate ~60%
Positive Outlook
- Year-over-year rooms growth 3 - 4%
- Year-over-year global RevPAR growth approximately flat
- Fee-related and other revenues $1.41 - $1.43 billion
- Adjusted EBITDA $690 - $700 million
- Adjusted net income $338 - $348 million