PARSIPPANY, New Jersey—Wyndham Hotels & Resorts introduced outcomes for the three months and yr ended December 31, 2024. Highlights embrace:

• International RevPAR grew 5 p.c in comparison with fourth quarter 2023 in fixed foreign money, a 400 foundation level enchancment sequentially; full-year world RevPAR grew 2 p.c year-over-year in fixed foreign money.
• U.S. RevPAR grew 5 p.c in comparison with fourth quarter 2023, a 600 foundation level enchancment sequentially; full-year U.S. RevPAR was flat.
• System-wide rooms grew 4 p.c year-over-year.
• Opened a report 68,700 rooms globally, representing 4 p.c year-over-year development, together with practically 28,000 in the US, which additionally grew 4 p.c year-over-year.
• International retention price reaches report stage at 95.7 p.c.
• Growth pipeline grew 2 p.c sequentially and 5 p.c year-over-year to a report 252,000 rooms.
• Fourth quarter diluted earnings per share elevated 80 p.c to $1.08 and adjusted diluted EPS grew 14 p.c to $1.04, or roughly 18 p.c on a comparable foundation; full-year 2024 diluted earnings per share elevated 6 p.c to $3.61 and adjusted diluted EPS grew 8 p.c to $4.33, or roughly 10 p.c on a comparable foundation.
• Fourth quarter web earnings elevated 70 p.c to $85 million and adjusted web earnings elevated 9 p.c to $82 million, or roughly 13 p.c on a comparable foundation; full-year 2024 web earnings was $289 million, or flat year-over-year, and adjusted web earnings elevated 2 p.c to $347 million, or roughly 4 p.c on a comparable foundation.
• Fourth quarter adjusted EBITDA elevated 9 p.c to $168 million, or roughly 12 p.c on a comparable foundation; full-year 2024 adjusted EBITDA elevated 5 p.c to $694 million, or roughly 7 p.c on a comparable foundation.
• Returned $430 million to shareholders for the full-year via $308 million of share repurchases and quarterly money dividends of $0.38 per share.
• Board of Administrators lately approved an 8 p.c improve within the quarterly money dividend to $0.41 per share starting with the dividend anticipated to be declared within the first quarter 2025.

“We’re proud to report a really robust end to 2024 with web rooms development of 4 p.c and comparable adjusted EBITDA development of seven p.c. Our group’s give attention to increasing into increased FeePAR markets, rising our extended-stay footprint, and unlocking new ancillary income streams underscore the varied development alternatives inherent in our asset-light, resilient enterprise mannequin,” mentioned Geoff Ballotti, president and CEO, Wyndham. “What excites us most about our future is the developer curiosity in, and demand for, our manufacturers each right here and abroad, mirrored in a pipeline that grew one other 5 p.c to a report quarter-of-a-million rooms that can open within the coming years with vital FeePAR premiums in comparison with our present system. This, when coupled with bettering buyer demand we’re seeing throughout each our leisure and infrastructure segments, lays a strong basis for sustained momentum and significant worth creation for our shareholders, visitors, franchisees, and group members for a few years to come back.”

System Measurement and Growth

The corporate’s world system grew 4 p.c. Importantly, these outcomes included 4 p.c development within the increased RevPAR midscale and above segments in the US in addition to robust development within the firm’s increased RevPAR EMEA and Latin America areas, which grew a mixed 7 p.c. The corporate additionally elevated its retention price by one other 10 foundation factors year-over-year, ending the yr at a report 95.7 p.c.

On Dec. 31, 2024, the corporate’s world growth pipeline consisted of roughly 2,100 lodges and 252,000 rooms, representing one other record-high stage and a 5 p.c year-over-year improve. Key highlights embrace:

• 7 p.c development in the US and 4 p.c internationally
• 18th consecutive quarter of sequential pipeline development
• Roughly 70 p.c of the pipeline is within the midscale and above segments, which grew 5 p.c year-over-year
• Roughly 17 p.c of the pipeline is within the extended-stay section
• Roughly 58 p.c of the pipeline is worldwide
• Roughly 78 p.c of the pipeline is new development and roughly 35 p.c of those initiatives have damaged floor

RevPAR

Fourth quarter world RevPAR elevated 5 p.c in fixed foreign money in comparison with 2023, reflecting 5 p.c development in the US, which accelerated all through the quarter, and 6 p.c development internationally. For the total yr, world RevPAR was flat in comparison with 2023 on a reported foundation, in keeping with the corporate’s outlook, and grew 2 p.c in fixed foreign money reflecting flat development in the US and eight p.c development internationally.

In the US, fourth quarter outcomes included 140 foundation factors of favorable hurricane impacts; excluding which, RevPAR grew 4 p.c year-over-year reflecting power in each weekday enterprise bookings and weekend leisure demand. Total, U.S. RevPAR improved 620 foundation factors sequentially from the third quarter, or 480 foundation factors excluding hurricane impacts.

Internationally, RevPAR power was pushed by ADR development of 6 p.c in fixed foreign money, whereas occupancy remained flat. The corporate’s EMEA and Latin America areas noticed the most important will increase year-over-year within the fourth quarter, collectively rising 15 p.c. RevPAR for the corporate’s China area declined 11 p.c within the fourth quarter, pushed by a ten p.c lower in ADR.

Working Outcomes

Fourth Quarter

• Charge-related and different revenues grew 7 p.c to $341 million in comparison with $320 million in fourth quarter 2023, which displays increased royalties and franchise charges.
• Web earnings grew 70 p.c to $85 million in comparison with $50 million in fourth quarter 2023, reflecting increased adjusted EBITDA, in addition to a decrease efficient tax price and decrease international foreign money influence for extremely inflationary nations, which have been partially offset by increased curiosity expense.
• Adjusted EBITDA grew 9 p.c to $168 million in comparison with $154 million in fourth quarter 2023. This improve included a $4 million unfavorable influence from anticipated advertising and marketing fund variability, excluding which adjusted EBITDA grew 12 p.c on a comparable foundation, primarily reflecting increased royalties and franchise charges and margin growth.
• Diluted earnings per share grew 80 p.c to $1.08 in comparison with $0.60 in fourth quarter 2023, which primarily displays increased web earnings and the advantage of a decrease share depend as a result of share repurchase exercise.
• Adjusted diluted EPS grew 14 p.c to $1.04 in comparison with $0.91 in fourth quarter 2023. This improve included an unfavorable influence of $0.04 per share associated to anticipated advertising and marketing fund variability (after estimated taxes). On a comparable foundation, adjusted diluted EPS elevated roughly 18 p.c year-over-year reflecting comparable adjusted EBITDA development and the advantage of share repurchase exercise, partially offset by increased curiosity expense.
• Throughout fourth quarter 2024, the corporate’s advertising and marketing fund revenues exceeded bills by $5 million; whereas in fourth quarter 2023, the corporate’s advertising and marketing fund revenues exceeded bills by $9 million, leading to $4 million of selling fund variability.

Full 12 months

• Charge-related and different revenues grew 1 p.c to $1.40 billion in comparison with $1.38 billion in full-year 2023, which included $18 million of pass-through revenues related to the corporate’s 2023 world franchisee convention, absent which, fee-related and different income elevated 3 p.c. This development primarily displays increased royalties, franchise charges, and ancillary revenues.
• The corporate reported web earnings of $289 million, per 2023, as increased adjusted EBITDA was offset by increased transaction-related bills in reference to defending an unsuccessful takeover try. Different objects embrace increased curiosity expense, restructuring prices, and an impairment cost, which have been offset by a decrease efficient tax price, the absence of international foreign money impacts from extremely inflationary nations, and a profit from the reversal of a spin-off associated matter.
• Adjusted EBITDA grew 5 p.c to $694 million in comparison with $659 million in full-year 2023. This improve included a $10 million unfavorable influence, as anticipated, from advertising and marketing fund variability, excluding which adjusted EBITDA grew 7 p.c on a comparable foundation, primarily reflecting increased royalties and franchise charges, elevated ancillary revenues, and margin growth.
• Diluted earnings per share grew 6 p.c to $3.61 in comparison with $3.41 in full-year 2023, which primarily displays the advantage of a decrease share depend as a result of share repurchase exercise.
• Adjusted diluted EPS grew 8 p.c to $4.33 in comparison with $4.01 in full-year 2023. This improve included an unfavorable influence of $0.09 per share, as anticipated, associated to advertising and marketing fund variability (after estimated taxes). On a comparable foundation, adjusted diluted EPS elevated roughly 10 p.c year-over-year reflecting comparable adjusted EBITDA development and the advantage of share repurchase exercise, partially offset by increased curiosity expense.
• Throughout full-year 2024, the corporate’s advertising and marketing fund bills exceeded revenues by $1 million; whereas in 2023, the corporate’s advertising and marketing fund revenues exceeded bills by $9 million, leading to $10 million of selling fund variability.

Stability Sheet and Liquidity

The corporate generated $290 million of web money offered by working actions and $397 million of adjusted free money stream in full-year 2024. The corporate ended the quarter with a money stability of $103 million and roughly $765 million in whole liquidity.

The corporate’s web debt leverage ratio was 3.4 occasions on Dec. 31, 2024, just under the midpoint of the corporate’s 3 to 4 occasions acknowledged goal vary and in keeping with expectations.

Share Repurchases and Dividends

In the course of the fourth quarter, the corporate repurchased roughly 0.3 million shares of its widespread inventory for $23 million. For the full-year 2024, the corporate repurchased roughly 4.1 million shares of its widespread inventory for $308 million.

The corporate paid widespread inventory dividends of $30 million, or $0.38 per share, through the fourth quarter 2024 for a complete of $122 million, or $1.52 per share, for the full-year 2024.

For the full-year 2024, the corporate returned $430 million to shareholders via share repurchases and quarterly money dividends.

The corporate’s Board of Administrators approved an 8 p.c improve within the quarterly money dividend to $0.41 per share, starting with the dividend anticipated to be declared in first quarter 2025.