PARSIPPANY, N.J., Nov. 20,
2024 /PRNewswire/ -- Wyndham Hotels & Resorts,
Inc. (NYSE: WH) announced today its Board of Directors
declared a quarterly cash dividend of $0.38 per share on its common stock, payable
December 27, 2024 to shareholders of
record as of December 13,
2024.
About Wyndham Hotels & Resorts
Wyndham Hotels
& Resorts (NYSE: WH) is the world's largest hotel franchising
company by the number of properties, with approximately 9,200
hotels across over 95 countries on six continents. Through its
network of approximately 893,000 rooms appealing to the everyday
traveler, Wyndham commands a leading presence in the economy
and midscale segments of the lodging industry. The Company operates
a portfolio of 25 hotel brands, including Super 8®, Days
Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®,
AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®.
The Company's award-winning Wyndham Rewards loyalty program
offers approximately 112 million enrolled members the opportunity
to redeem points at thousands of hotels, vacation club resorts and
vacation rentals globally. For more information,
visit https://investor.wyndhamhotels.com. The Company may use
its website and social media channels as means of disclosing
material non-public information and for complying with its
disclosure obligations under Regulation FD. Disclosures of this
nature will be included on the Company's website in the Investors
section, which can currently be accessed
at https://investor.wyndhamhotels.com or on the Company's
social media channels, including the Company's LinkedIn account,
which can currently be accessed at
https://www.linkedin.com/company/wyndhamhotels. Accordingly,
investors should monitor this section of the Company's website and
the Company's social media channels in addition to following the
Company's press releases, filings submitted with the Securities and
Exchange Commission and any public conference calls or
webcasts.
Forward-Looking Statements
This press release
contains "forward-looking statements" within the meaning of the
federal securities laws, including statements related to Wyndham's
quarterly dividend. Forward-looking statements are any statements
other than statements of historical fact, including those that
convey management's expectations as to the future based on plans,
estimates and projections at the time Wyndham makes the statements
and may be identified by words such as "will," "expect," "believe,"
"plan," "anticipate," "predict," "intend," "goal," "future,"
"forward," "remain," "outlook," "guidance," "target," "objective,"
"estimate," "projection" and similar words or expressions,
including the negative version of such words and expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements of Wyndham to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press
release.
Factors that could cause actual results to differ materially
from those in the forward-looking statements include, without
limitation, general economic conditions, including inflation,
higher interest rates and potential recessionary pressures; global
or regional health crises or pandemics including the resulting
impact on Wyndham's business, operations, financial results, cash
flows and liquidity, as well as the impact on its franchisees,
guests and team members, the hospitality industry and overall
demand for and restrictions on travel; the performance of the
financial and credit markets; the economic environment for the
hospitality industry; operating risks associated with the hotel
franchising business; Wyndham's relationships with franchisees; the
impact of war, terrorist activity, political instability or
political strife, including the ongoing conflicts between
Russia and Ukraine and conflicts in the Middle East, respectively; Wyndham's ability
to satisfy obligations and agreements under its outstanding
indebtedness, including the payment of principal and interest and
compliance with the covenants thereunder; risks related to
Wyndham's ability to obtain financing and the terms of such
financing, including access to liquidity and capital; and Wyndham's
ability to make or pay, plans for and the timing and amount of any
future share repurchases and/or dividends, as well as the risks
described in Wyndham's most recent Annual Report on Form 10-K filed
with the Securities and Exchange Commission and any subsequent
reports filed with the Securities and Exchange Commission. These
risks and uncertainties are not the only ones Wyndham may face and
additional risks may arise or become material in the future.
Wyndham undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
subsequent events or otherwise, except as required by law.
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SOURCE Wyndham Hotels & Resorts