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Dec 31, 2021
Wyndham Q4 2021 Earnings Report
Wyndham's Q4 2021 performance was marked by strong U.S. RevPAR growth, system-wide room expansion, and increased profitability.
Key Takeaways
Wyndham Hotels & Resorts reported strong Q4 2021 results, exceeding the top end of its full-year outlook and achieving the largest pipeline in the company's history. Key highlights include U.S. RevPAR exceeding 2019 levels by 9%, system-wide rooms growth of 180 basis points year-over-year, and significant increases in net income and adjusted EBITDA.
U.S. RevPAR exceeded 2019 levels by 9%, growing 58% versus 2020.
System-wide rooms grew 180 basis points year-over-year, with notable growth in the U.S. and internationally.
Diluted earnings per share for the quarter were $0.52, and adjusted diluted earnings per share was $0.69.
The company's global development pipeline reached its highest level on record, consisting of over 1,500 hotels and over 194,000 rooms.
Revenue by Segment
Forward Guidance
The Company provided the following outlook for full-year 2022:
Positive Outlook
- Net rooms growth of 2% to 4%.
- RevPAR growth of 12% to 16% versus 2021, which is consistent with 2019 levels.
- Fee-related and other revenues of $1.34 billion to $1.37 billion, a year-over-year increase of 8% to 10%.
- Adjusted EBITDA of $605 million to $625 million, which is consistent with 2019 levels, and reflects a year-over-year increase of 3% to 6%.
- Adjusted net income of $308 million to $320 million, which is consistent with 2019 levels, and reflects a year-over-year increase of 4% to 8%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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