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Dec 31, 2023
Wyndham Q4 2023 Earnings Report
Reported strong fourth quarter results with record openings, retention, and system growth.
Key Takeaways
Wyndham Hotels & Resorts reported strong Q4 2023 results, marked by record organic system-wide room growth of 3.5% and record openings of 66,000 organic rooms. The global development pipeline reached a record 240,000 rooms, and the global retention rate improved to a record 95.6%. The company increased its quarterly dividend by 9% and reiterated its full-year 2024 outlook.
System-wide rooms grew organically by a record 3.5% year-over-year.
Opened a record 66,000 organic rooms, a 3% year-over-year increase.
Global retention rate improved by 30 basis points to a record 95.6%.
Development pipeline grew 10% year-over-year to a record 240,000 rooms.
Wyndham
Wyndham
Wyndham Revenue by Segment
Revenue by Segment
Hotel Franchising Revenue
CapyFin.com Forward Guidance
The Company provided the following outlook for full-year 2024:
Positive Outlook
- Year-over-year rooms growth 3 - 4%
- Year-over-year global RevPAR growth 2 - 3%
- Fee-related and other revenues $1.43 - $1.46 billion
- Adjusted EBITDA $690 - $700 million
- Adjusted net income $341 - $351 million