The following is a summary of the Wyndham Hotels & Resorts, Inc. (WH) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Reported Q3 comparable adjusted EBITDA and EPS growth of 7% and 10%, respectively.

• Generated over $265 million of adjusted free cash flow year-to-date, and returned nearly $380 million to shareholders.

• Achieved a third quarter adjusted diluted EPS of $1.39, up 10% on a comparable basis.

• Domestic RevPAR declined 80 basis points compared to prior year; International RevPAR increased 7% versus prior year in constant currency.

Business Progress:

• Opened over 17,000 rooms in Q3, bringing the year-to-date total to more than 48,000 rooms globally, up 13% year-over-year.

• Global franchisee retention rate improved by 40 basis points year-over-year.

• Signed 10 new ECHO Suites contracts in Q3, expanding the brand presence in markets like Huntsville, Alabama, and Myrtle Beach, South Carolina.

• Entered new markets internationally and increased net rooms in regions like Latin America, EMEA, and Southeast Asia.

Opportunities:

• Continued expansion driven by strong demand for the ECHO Suites brand, reflecting in new construction and higher value properties.

• Alignment with growing infrastructure projects facilitating increased demand and enabling further growth in franchise numbers and brand expansion.

• Expansion in credit card offerings and additional revenue streams from partnerships and technology enhancements expanding ancillary fee streams.

Risks:

• Domestic RevPAR faced a slight decline due to normalization in economy segments which could indicate market fluctuations affecting short-term performance.

• Potential risks associated with international expansions, such as economic and regulatory changes that could impact growth in newer markets like India and parts of Latin America.

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