PARSIPPANY, N.J., May 9, 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 June 28,
2024 to shareholders of record as of June 14, 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 over 876,000 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 108 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 the
Wyndham's quarterly dividend. All statements other than
historical facts are forward-looking statements. Forward-looking
statements include 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 (such as the COVID-19
pandemic) 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 between
Israel and Hamas, 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