Wyndham Q1 global RevPAR +12%, raises FY adjusted EBITDA outlook to $654-664M

WYNDHAM HOTELS & RESORTS, INC.

2023-Q1 EPS reported $0.77 revenue$313,000,000

Global RevPAR grew 12% YoY in constant currency; U.S. RevPAR up 4%.
Comparable adjusted EBITDA up 10% YoY to $147M; net income $67M ($0.77 diluted EPS).
Development pipeline grew 11% to 226,000 rooms; system rooms up 4%.
Raised full-year 2023 adjusted EBITDA guidance to $654-664M (from $650-660M) and adjusted diluted EPS to $3.92-$4.06.
Returned $87M to shareholders via $56M share repurchases and $0.35/share dividend.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WYNDHAM HOTELS & RESORTS, INC. reported the three months ended March 31, 2023 results: revenue $308 million, net income $67 million, EPS $0.77 per diluted share. Guidance raised.

Period: the three months ended March 31, 2023
Revenue: $308 million
Net income: $67 million
EPS: $0.77 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Fee-related and other revenues was $308 million compared to $316 million in first quarter 2022, which included $38 million from the Company's select-service management business and owned hotels. On a comparable basis, fee-related and other revenues increased 11% year-over-year primarily reflecting global RevPAR growth of 9%, higher franchise fees and incremental license fees. • The Company generated net income of $67 million, or $0.77 per diluted share, compared to $106 million, or $1.14 per diluted share, in first quarter 2022.

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Source: SEC EDGAR

accession 0001722684-23-000007

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