Wyndham Q2 global RevPAR up 7%; pipeline grows 10%; board adds $400M buyback

WYNDHAM HOTELS & RESORTS, INC.

2023-Q2 EPS reported $1.59 revenue$674,000,000

Global RevPAR grew 7% YoY constant currency; U.S. down 1% but international up 34%.
Fee-related revenues $358M (+5% comparable); adjusted diluted EPS $0.93, up 10% comparable.
Development pipeline 228K rooms, +10% YoY; 265 ECHO Suites contracts awarded including first in Canada.
Board increased share repurchase authorization by $400M; bought $109M shares in Q2.
Refinanced Term Loan B, extended maturity from 2025 to 2030; FY2023 outlook reaffirmed with adjusted EPS $3.92-4.06.

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 for the three months ended June 30, 2023 results: revenue $358 million, net income $70 million, EPS $0.82 per diluted share.

Period: for the three months ended June 30, 2023
Revenue: $358 million
Net income: $70 million
EPS: $0.82 per diluted share
Result: reported results

Exact text from the filing

non-GAAP metrics. (a) Includes estimated tax impact for the select-service management business, owned assets and marketing fund variability. • Fee-related and other revenues was $358 million compared to $354 million in second quarter 2022, which included $12 million from the Company's select-service management business and owned hotels. On a comparable basis,

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Source: SEC EDGAR

accession 0001722684-23-000015

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