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Travel + Leisure Expands Partnership with Wyndham Hotels
Travel + Leisure (TNL) is advancing the next phase of Sports Illustrated Resorts through an expanded partnership with Wyndham Hotels & Resorts (WH) that establishes the framework to build, operate and scale hotels under Sports Illustrated Resorts as a hospitality and mixed-use development platform. The Sports Illustrated Resorts platform spans a range of hospitality, vacation ownership, and residential offerings brought together in sports-focused destinations. The partnership with Wyndham builds on that foundation-bringing the brand into the traditional hotel space through a differentiated model.
Wyndham Hotels Board Approves $400M Share Repurchase Increase
Wyndham Hotels & Resorts Board of Directors approved an increase in its share repurchase authorization by $400M
Wyndham Hotels Raises FY26 RevPAR Growth View to 0.0%-1%
Wyndham Hotels raises FY26 RevPAR growth view to 0.0%-1% from (1%)-1%
System-Wide Rooms Grew 4% Year-Over-Year
System-wide rooms grew 4% year-over-year, excluding insolvent Revo Hospitality Group rooms. Development pipeline grew 4% year-over-year, excluding Revo, to a record of approximately 261,000 rooms, carrying a FeePAR premium of approximately 30% to existing domestic and international systems.
Wyndham Reports Q2 Revenue of $375M, Below Expectations
Reports Q2 revenue $375M, consensus $400.8M. "Our solid second-quarter results reflect the continued strength of Wyndham's asset-light, fee-based business, bolstered by system expansion, higher ancillary revenues and accelerating U.S. RevPAR growth that exceeded our expectations - delivering comparable-basis adjusted EBITDA growth of 3%," said Geoff Ballotti, President and Chief Executive Officer. "Record second quarter openings focused on higher FeePAR hotels in the midscale and above segments, demonstrate franchisees' continued confidence in our brands and Wyndham's compelling 'Owner First' value proposition. As domestic RevPAR trends, net rooms growth, global pipeline development and ancillary revenue streams continue to strengthen, we remain confident in our ability to deliver sustainable long-term growth and create meaningful value for our shareholders, franchisees, and guests."
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