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Dec 31, 2022
Wyndham Q4 2022 Earnings Report
Wyndham's Q4 2022 performance was marked by exceeding expectations, pipeline growth, and increased shareholder dividends.
Key Takeaways
Wyndham Hotels & Resorts reported strong Q4 and full-year 2022 results, exceeding the high end of its full-year outlook. Global RevPAR grew 15% compared to Q4 2021, and the development pipeline increased by 12%. The company also raised its quarterly dividend by 9%.
Global RevPAR increased by 15% compared to Q4 2021 in constant currency.
System-wide rooms grew by 4% year-over-year.
The development pipeline expanded by 12% year-over-year.
Hotel Franchising segment revenues grew by 12% compared to Q4 2021.
Revenue by Segment
Forward Guidance
The Company provided the following outlook for full-year 2023:Year-over-year rooms growth2 - 4%Year-over-year global RevPAR growth (a)4 - 6%Fee-related and other revenues$1.38 - $1.41 billionAdjusted EBITDA$650 - $660 millionAdjusted net income$337 - $349 millionAdjusted diluted EPS$3.84 - $3.98Free cash flow conversion rate (b)50 - 55%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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