Wyndham Hotels & Resorts Q2 2024 10-Q Filing
Ticker: WH · Form: 10-Q · Filed: Jul 25, 2024 · CIK: 1722684
| Field | Detail |
|---|---|
| Company | Wyndham Hotels & Resorts, Inc. (WH) |
| Form Type | 10-Q |
| Filed Date | Jul 25, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 20 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, hospitality
TL;DR
Wyndham's Q2 10-Q is in - check the numbers for royalties, fees, and management services vs. last year.
AI Summary
Wyndham Hotels & Resorts, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance across various segments including Royalties and Franchise Fees, Marketing, Reservation and Loyalty, and Management and Other Fees. Specific financial figures and operational details for the second quarter and year-to-date periods of 2024 compared to 2023 are presented.
Why It Matters
This filing provides investors with a detailed look at Wyndham's financial health and operational performance for the second quarter of 2024, crucial for understanding the company's trajectory in the hospitality sector.
Risk Assessment
Risk Level: medium — The filing contains standard disclosures for a public company, but the hospitality sector can be sensitive to economic downturns and competitive pressures.
Key Numbers
- 2024 Q2 — Reporting Period (Second quarter financial performance)
- 2024-06-30 — As of Date (End of reporting period)
Key Players & Entities
- WYNDHAM HOTELS & RESORTS, INC. (company) — Filer
- 20240630 (date) — Period of Report
- 20240725 (date) — Filed as of Date
- 2024-01-01 (date) — Year-to-date period start
- 2024-06-30 (date) — Year-to-date period end
- 2024-04-01 (date) — Q2 period start
- 2024-06-30 (date) — Q2 period end
FAQ
What were the key financial segments reported in the 10-Q?
The key financial segments reported include Royalties and Franchise Fees, Marketing Reservation and Loyalty, and Management and Other Fees.
For what period is this 10-Q filing?
This 10-Q filing is for the period ending June 30, 2024.
What is the company's primary business as indicated by the SIC code?
The company's primary business is Hotels & Motels, as indicated by SIC code 7011.
When was the filing submitted?
The filing was submitted on July 25, 2024.
What are the reporting periods for the financial data presented?
The financial data presented covers the second quarter (April 1 to June 30) and the year-to-date period (January 1 to June 30) for both 2024 and 2023.
Filing Stats: 4,897 words · 20 min read · ~16 pages · Grade level 13 · Accepted 2024-07-25 16:00:29
Filing Documents
- wh-20240630.htm (10-Q) — 1213KB
- wh-ex102_2024630xq2.htm (EX-10.2) — 116KB
- wh-ex151_2024630xq2.htm (EX-15.1) — 3KB
- wh-ex311_2024630xq2.htm (EX-31.1) — 9KB
- wh-ex312_2024630xq2.htm (EX-31.2) — 9KB
- wh-ex32_2024630xq2.htm (EX-32) — 6KB
- wh-20240630_g1.jpg (GRAPHIC) — 34KB
- 0001722684-24-000017.txt ( ) — 6612KB
- wh-20240630.xsd (EX-101.SCH) — 41KB
- wh-20240630_cal.xml (EX-101.CAL) — 55KB
- wh-20240630_def.xml (EX-101.DEF) — 262KB
- wh-20240630_lab.xml (EX-101.LAB) — 497KB
- wh-20240630_pre.xml (EX-101.PRE) — 382KB
- wh-20240630_htm.xml (XML) — 881KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations. 19
Forward-Looking Statements
Forward-Looking Statements 19 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk. 29 Item 4.
Controls and Procedures
Controls and Procedures. 30 PART II OTHER INFORMATION Item 1. Legal Proceedings. 31 Item 1A. Risk Factors. 31 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 31 Item 3. Defaults Upon Senior Securities. 31 Item 4. Mine Safety Disclosures. 31 Item 5. Other Information. 31 Item 6. Exhibits. 31
Signatures
Signatures 32 Table of Contents
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited). REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Stockholders of Wyndham Hotels & Resorts, Inc. Results of Review of Interim Financial Statements We have reviewed the accompanying condensed consolidated balance sheet of Wyndham Hotels & Resorts, Inc. and subsidiaries (the "Company") as of June 30, 2024, the related condensed consolidated statements of income, comprehensive income, and equity for the three-month and six-month periods ended June 30, 2024 and 2023, and of cash flows for the six-month periods ended June 30, 2024 and 2023, and the related notes (collectively referred to as the "interim financial statements"). Based on our reviews, we are not aware of any material modifications that should be made to the accompanying interim financial statements for them to be in conformity with accounting principles generally accepted in the United States of America. We have previously audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheet of the Company as of December 31, 2023, and the related consolidated statements of income, comprehensive income, cash flows, and equity for the year then ended (not presented herein); and in our report dated February 15, 2024, we expressed an unqualified opinion on those consolidated financial statements. In our opinion, the information set forth in the accompanying condensed consolidated balance sheet as of December 31, 2023, is fairly stated, in all material respects, in relation to the consolidated balance sheet from which it has been derived. Basis for Review Results The interim financial statements are the responsibility of the Company's management. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and reg