Wyndham Hotels & Resorts Files 2024 10-K

TL;DR

Wyndham Hotels 2024 10-K is in. Full year financials out.

AI Summary

Wyndham Hotels & Resorts, Inc. filed its 2024 10-K on February 13, 2025, detailing its fiscal year ending December 31, 2024. The company, headquartered in Parsippany, NJ, operates within the Hotels & Motels industry. Key financial data and operational details for the fiscal year are presented in this comprehensive report.

Why It Matters

This filing provides investors and analysts with a detailed overview of Wyndham's financial performance and strategic positioning for the fiscal year 2024, crucial for understanding the company's health and future prospects.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.

Key Players & Entities

• WYNDHAM HOTELS & RESORTS, INC. (company) — Filer
• 2024-12-31 (date) — Fiscal Year End
• 2025-02-13 (date) — Filing Date
• Parsippany, NJ (location) — Business Address

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, Par Value $0.01 per share WH New York Stock Exchange

Filing Documents

• wh-20241231.htm (10-K) — 2229KB
• wh_ex1012x20241231-10k.htm (EX-10.12) — 39KB
• wh-ex1014_20241231x10k.htm (EX-10.14) — 113KB
• wh_ex1020x20241231-10k.htm (EX-10.20) — 51KB
• wh_ex1021x20241231-10xk.htm (EX-10.21) — 47KB
• wh-ex19_20241231x10k.htm (EX-19) — 78KB
• wh-ex211_20241231x10k.htm (EX-21.1) — 28KB
• wh-ex231_20241231x10k.htm (EX-23.1) — 2KB
• wh-ex311_20241231x10k.htm (EX-31.1) — 9KB
• wh-ex312_20241231x10k.htm (EX-31.2) — 9KB
• wh-ex32_20241231x10k.htm (EX-32) — 6KB
• wh-20241231_g1.jpg (GRAPHIC) — 34KB
• wh-20241231_g2.jpg (GRAPHIC) — 27KB
• wh-20241231_g3.jpg (GRAPHIC) — 29KB
• wh-20241231_g4.jpg (GRAPHIC) — 34KB
• wh-20241231_g5.jpg (GRAPHIC) — 983KB
• wh-20241231_g6.jpg (GRAPHIC) — 51KB
• 0001722684-25-000005.txt ( ) — 15114KB
• wh-20241231.xsd (EX-101.SCH) — 72KB
• wh-20241231_cal.xml (EX-101.CAL) — 104KB
• wh-20241231_def.xml (EX-101.DEF) — 454KB
• wh-20241231_lab.xml (EX-101.LAB) — 924KB
• wh-20241231_pre.xml (EX-101.PRE) — 727KB
• wh-20241231_htm.xml (XML) — 1818KB

Risk Factors

Item 1A. Risk Factors 12

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 21

Cybersecurity

Item 1C. Cybersecurity 21

Properties

Item 2. Properties 23

Legal Proceedings

Item 3. Legal Proceedings 23

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 23 PART II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 24

Reserved

Item 6. Reserved 25

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 25

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 37

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 37

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 38

Controls and Procedures

Item 9A. Controls and Procedures 38

Other Information

Item 9B. Other Information 38

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 38 PART III

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 39

Executive Compensation

Item 11. Executive Compensation 39

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 39

Certain Relationships and Related Transactions and Director Independence

Item 13. Certain Relationships and Related Transactions and Director Independence 39

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services 39 PART IV

Exhibit and Financial Statement Schedules

Item 15. Exhibit and Financial Statement Schedules 40

Form 10-K Summary

Item 16. Form 10-K Summary 40

Signatures

Signatures 41 Table of Contents PART I

Forward-Looking Statements

Forward-Looking Statements This Annual Report on Form 10-K (this "Annual Report" or "report") contains forward-looking statements within the meaning of the federal securities laws, including statements related to our current views and expectations regarding our strategy and the performance of our business, our financial results, our liquidity and capital resources, share repurchases and dividends. 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 we make the statements and may be identified by words such as "will," "expect," "believe," "plan," "anticipate," "predict," "intend," "goal," "future," "forward," "remain," "confident," "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 the Company 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 report. 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; the performance of the financial and credit markets; the economic environment for the hospitality industry; operating risks associated with the hotel franchising business; our relationships with franchisees; the impact of war, terrorist activity, political instability or political strife, including the ongoing conflicts between Russia a

Business

Item 1. Business. Wyndham Hotels & Resorts, Inc. ("Wyndham Hotels", the "Company", "we", "our" or "us") is the world's largest hotel franchising company by number of franchised properties, with approximately 9,300 affiliated hotels with approximately 903,000 rooms located in over 95 countries and welcoming approximately 135 million guests annually worldwide. We operate a hotel portfolio of 25 brands. Our 25 brands are primarily located in secondary and tertiary cities and approximately 80% of the U.S. population lives within ten miles of at least one of our affiliated hotels. Our mission is to make hotel travel possible for all. Wherever people go, Wyndham will be there to welcome them. We boast a remarkably asset-light business model dramatically limiting our capital needs and our exposure to the rising wage environment. 2 Table of Contents Our widely recognized brands with select-service focus offer a breadth of options for franchisees and a wide range of price points and experiences for our guests. We are a global leader in the economy and midscale chain scales where our brands represent approximately 30% of branded rooms in the United States. Additionally, we have a strong presence in the upper midscale chain scale. The following charts illustrate our system size (by rooms) as of December 31, 2024: ______________________ * Royalty contribution by geography for 2024 was as follows: U.S. 78%, Canada 5%, EMEA 8%, LATAM 3%, and Asia Pacific 6%. ** LATAM is representative of Latin America and the Caribbean. *** EMEA is representative of Europe, the Middle East, Eurasia and Africa. 3 Table of Contents As of December 31, 2024, our brand portfolio consisted of the following: Global Full Year RevPAR North America Asia Pacific U.S. Canada Greater China Rest of Asia EMEA LATAM Total Economy Super 8 $ 28.06 Properties 1,375 117 1,108 1 14 1 2,616 Rooms 82,332 7,545 67,248 50 2,053 50 159,278 Days Inn $ 39.32 Properties 1,235 107 97 10 56 10 1,515 R

View Full Filing

View this 10-K filing on SEC EDGAR