PGA Championship returns to August for this year, pushing the Wyndham Championship in Greensboro back a week.
With me today are Geoff Ballotti, our CEO; and Michele Allen, our CFO. Altogether, our actions, since the start of this crisis have resulted in the identification of approximately $255 million in cash savings that will help mitigate revenue declines and provide us with the funds to continue to offer support to our franchisees.
Wyndham Hotels & Resorts, the world's largest hotel franchising company by the number of properties with approximately 9,300 hotels across 90 countries, today announced the launch of its new EverydayHeroes initiative, offering all essential workers on the front lines of COVID-19 instant complimentary Gold membership upgrades in its award-winning loyalty program, Wyndham Rewards®.
Wyndham Hotels & Resorts, Inc. (NYSE: WH) announced today its Board of Directors declared a quarterly cash dividend of $0.08 per share on its common stock, payable June 30, 2020 to shareholders of record as of June 15, 2020.
Prominent U.S. fund managers piled into big-name technology stocks and bottom-fished in the beaten-down energy sector as markets reeled from the coronavirus-fueled selloff in the first quarter, regulatory filings released on Friday showed. Stanley Druckenmiller's Duquesne Family Office increased its holding in Amazon by 713%.
The Zacks Analyst Blog Highlights: Kroger, American States Water Company, Public Storage, McDonald's and Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended March 31, 2020. Highlights include:
Wyndham Hotels & Resorts (NYSE: WH) - the world's largest hotel franchising company with approximately 9,300 hotels across 90 countries - continues forging ahead with new-construction growth, opening 11 newly built hotels across the U.S. in the first quarter and breaking ground on a number of hotels in its new-construction pipeline. In the same period, the Company executed agreements for more than 25 future new-construction hotels in the U.S., further expanding its pipeline and planting roots for travel recovery in the long term.
The U.S. hotel supply continues to grow at a record pace, even with the industry facing its worst downturn in recorded history. But the building boom’s days are numbered. Many hotels around the world are temporarily closed due to the coronavirus downturn in travel. But looking at hotel construction sites around the U.S., you wouldn’t […]
With unemployment spiking wildly from a few hundred thousand to 3.3 million and then 6.6 million in the span of two weeks, many CEOs have responded by taking a pay cut.
Wyndham is taking a page from its Great Recession recovery playbook to guide future growth. The hotel industry is in coronavirus survival mode, grappling with cratered occupancy rates and revenue per room. But executives at Wyndham Hotels & Resorts also see room for opportunity from the downturn. Wyndham leadership expects independent hotel operators to rush […]
The deal between Wyndham and the developer was reached just before the World Health Organization declared the novel coronavirus and associated respiratory disease, COVID-19, a global pandemic.
Sedgefield and the PGA Tour plan to build a new short-game practice area north of the clubhouse and across Forsyth Drive from the practice range. The area along Forsyth had been home to a merchandise tent the past few years.
Wyndham (WH) delivered earnings and revenue surprises of 61.29% and 10.92%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Highlighting its continued commitment to hotel owners, team members and guests, Wyndham Hotels & Resorts, the world's largest hotel franchising company with approximately 9,300 hotels across 90 countries, today launched "Count on UsSM," a new long-term, multi-faceted initiative to build confidence among guests and to support franchisees as it begins making preparations to welcome travelers back to its more than 6,000 U.S. hotels.
Wyndham (WH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Wyndham Hotels & Resorts, Inc. (NYSE: WH) announced today that, due to the evolving novel coronavirus ("COVID-19") pandemic, and in an effort to protect the health and well-being of the Company's stockholders and team members, the Company's 2020 Annual Meeting of Stockholders ("2020 Annual Meeting") will be held in a virtual meeting format as a live audio webcast. Stockholders will not be able to attend the meeting in person. The date and time of the 2020 Annual Meeting remain unchanged. All eligible stockholders are encouraged to vote in advance of the meeting whether or not they plan to attend the meeting.
Yahoo Finance’s Brian Cheung joins Zack Guzman to discus how the coronavirus is impacting the hotel industry.
Franchisees of the most recognized names in accommodation are turning to the Federal Reserve for help, as concerns mount over being able to meet commercial mortgage payments.
It’s a matter of when, not if, hotel companies begin a wave of mergers and acquisitions to beef up market share and survive coronavirus, according to industry experts. Given the coronavirus economic downturn depleting revenue, business leaders across all industries today are focusing more on sheer survival than mergers and acquisitions. Global M&A activity was […]