PARSIPPANY, N.J., Aug. 15,
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 September 27, 2024 to
shareholders of record as of September
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 nearly
885,000 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
110 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 (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
