Wyndham Hotels & Resorts ( (WH) ) has issued an announcement.
Wyndham Hotels & Resorts reported strong third-quarter results with a 4% growth in system-wide rooms and a 5% increase in its development pipeline, showcasing robust expansion both domestically and internationally. The company raised its full-year 2024 EPS outlook, despite a slight decrease in net income, driven by higher royalties, franchise fees, and system expansion. Notably, Wyndham returned $126 million to shareholders through share repurchases and dividends, reflecting its commitment to delivering value amidst a dynamic financial environment.
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