Wyndham Hotels & Resorts Q3 2024 10-Q Filing

TL;DR

Wyndham Hotels Q3 2024 10-Q filed. Financials for franchise fees, marketing, and management segments detailed.

AI Summary

Wyndham Hotels & Resorts, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance across its operating segments, including Royalties and Franchise Fees, Marketing, Reservation and Loyalty programs, and Management and Other Fees. Specific financial figures for these segments during the third quarter and year-to-date periods of 2024 and 2023 are provided.

Why It Matters

This filing provides investors with a detailed look at Wyndham's financial health and operational performance for the third quarter of 2024, impacting investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Players & Entities

• WYNDHAM HOTELS & RESORTS, INC. (company) — Filer
• 2024-09-30 (date) — Reporting Period End Date
• 2024-10-24 (date) — Filing Date
• 2024-07-01 (date) — Q3 2024 Start Date
• 2023-07-01 (date) — Q3 2023 Start Date

FAQ

Filing Documents

• wh-20240930.htm (10-Q) — 1275KB
• wh-ex151_2024930xq3.htm (EX-15.1) — 3KB
• wh-ex311_2024930xq3.htm (EX-31.1) — 9KB
• wh-ex312_2024930xq3.htm (EX-31.2) — 9KB
• wh-ex32_2024930xq3.htm (EX-32) — 6KB
• wh-20240930_g1.jpg (GRAPHIC) — 34KB
• 0001722684-24-000021.txt ( ) — 6667KB
• wh-20240930.xsd (EX-101.SCH) — 42KB
• wh-20240930_cal.xml (EX-101.CAL) — 57KB
• wh-20240930_def.xml (EX-101.DEF) — 270KB
• wh-20240930_lab.xml (EX-101.LAB) — 501KB
• wh-20240930_pre.xml (EX-101.PRE) — 390KB
• wh-20240930_htm.xml (XML) — 917KB

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

Management's Discussion and Analysis of Financial Condition and Results of Operations. 20

Forward-Looking Statements

Forward-Looking Statements 20 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 30 Item 4.

Controls and Procedures

Controls and Procedures. 31 PART II OTHER INFORMATION Item 1. Legal Proceedings. 32 Item 1A. Risk Factors. 32 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 32 Item 3. Defaults Upon Senior Securities. 32 Item 4. Mine Safety Disclosures. 32 Item 5. Other Information. 32 Item 6. Exhibits. 33

Signatures

Signatures 34 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 September 30, 2024, the related condensed consolidated statements of income, comprehensive income, and equity for the three-month and nine-month periods ended September 30, 2024 and 2023, and of cash flows for the nine-month periods ended September 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 applica

View Full Filing

View this 10-Q filing on SEC EDGAR