Wyndham Hotels & Resorts announced robust results for the three months ended March 31, 2024, highlighting continued progress in execution, openings, franchisee retention, and net room growth worldwide. The company’s global system expanded by 4%, with 1% growth in the U.S. and 8% internationally. The first quarter witnessed a 1% increase in global RevPAR, driven by a 5% decline in the U.S. and growth of 14% internationally. The company generated strong net cash provided by operating activities and adjusted free cash flow, ending the quarter with ample liquidity. Wyndham Hotels also executed $115 million of new forward starting interest rate swaps on its Term Loan B Facility, further enhancing its financial stability. The company’s Board of Directors increased the share repurchase authorization, reinforcing its commitment to returning value to shareholders. These positive results showcase Wyndham Hotels’ ongoing resilience, adaptability, and growth trajectory in the global hospitality industry.
