earnings
confidence high
sentiment positive
materiality 0.80
Wyndham Q1 2022: EPS $1.14, RevPAR +39% YoY, record pipeline 204k rooms; raises adjusted EPS guidance
WYNDHAM HOTELS & RESORTS, INC.
2022-Q1 EPS reported
$1.14
revenue$371,000,000
- Net income $106M ($1.14 diluted EPS); adjusted EPS $0.95 vs $0.36 in Q1 2021.
- Global RevPAR grew 39% in constant currency; U.S. RevPAR exceeded 2019 levels by 4%.
- Development pipeline hit record 204,000 rooms (+9% YoY); room openings rose 50% YoY.
- Completed exit of select-service management for $84M; sold Bonnet Creek for ~$121M; Rio Mar under contract for May 2022.
- FY 2022 adjusted diluted EPS guidance raised to $3.39-$3.51 from $3.28-$3.40; adj. EBITDA outlook unchanged at $605-$625M.