Thu, Jul 25, 8:02 PM (44 days ago)
Wyndham Hotels & Resorts reported a slight increase in Q2 2024 net revenues to $367 million, driven by higher marketing, reservation, and loyalty revenues, as well as license and other ancillary revenues. Operating income rose to $145 million, an 18% increase year-over-year, primarily due to lower marketing, reservation, and loyalty expenses, and separation-related income from the reversal of a tax reserve. Net income increased to $86 million, up 23% from Q2 2023. However, interest expenses rose by 25% due to a higher debt balance. Adjusted EBITDA grew by 13% to $178 million. The company saw a 4% global room growth and a 2% increase in international RevPAR, though global RevPAR excluding currency effects increased only 1%. Future performance may be impacted by economic conditions, interest rates, and global health crises.