Wyndham Hotels & Resorts, Inc. has announced an 8% increase in its quarterly cash dividend, raising it from $0.38 to $0.41 per share.
This dividend is scheduled for payment on 31 March 2025 to shareholders recorded by 17 March 2025.
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Financial performance in 2024
In the fourth quarter of 2024, Wyndham reported a 5% growth in global revenue per available room (RevPAR) compared to the same period in 2023, marking a 400 basis point sequential improvement.
The company’s system-wide rooms grew by 4% year-over-year, with a record 68,700 rooms opened globally, including nearly 28,000 in the United States. The development pipeline also grew 5% year-over-year to a record 252,000 rooms.
Strategic positioning and market trends
Wyndham’s properties have benefited from their proximity to data center development sites, experiencing nearly 5% growth in RevPAR.
This trend is attributed to the increased demand for temporary housing by construction workers and skilled laborers involved in data center projects.
The surge in data center construction across the United States has become a significant trend, benefiting Wyndham’s extended-stay and roadside hotels.
Company overview
Wyndham Hotels & Resorts is the world’s largest hotel franchising company by the number of properties, with approximately 9,300 hotels across over 95 countries on six continents.
The company operates a portfolio of 25 hotel brands, including Super 8, Days Inn, Ramada, Microtel, La Quinta, Baymont, Wingate, AmericInn, ECHO Suites, Registry Collection Hotels, Trademark Collection, and Wyndham.
The Wyndham Rewards loyalty program has approximately 114 million enrolled members.
