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Wyndham Hotels & Resorts — Oct 23, 2024 release

Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001722684-24-000019
Open on SEC.gov ↗
Showing in the filing
Net room growth outlook
“3 to 4%”
Period
FY2024
Measure
Company-defined measure
Source
Prose
All guidance in this release · 21
Net room growth outlook for FY2024
“3 to 4%”
Marketing fund revenues vs. expenses for FY2024
“roughly equal”
Year-over-year rooms growth for FY2024
“3 - 4%”
Fee-related and other revenues for FY2024
“$1.41 - $1.43 billion”
Adjusted EBITDA for FY2024
“$690 - $700 million”
Adjusted net income for FY2024
“$338 - $348 million”
Adjusted diluted EPS for FY2024
“$4.22 - $4.34”
Adjusted free cash flow conversion rate for FY2024
“~60%”
Depreciation and amortization expense (b) for FY2024
“45 – 47”
Development advance notes amortization expense for FY2024
“23 – 25”
Stock-based compensation expense for FY2024
“41 – 43”
Interest expense, net for FY2024
“125 – 127”
Adjusted income before income taxes for FY2024
“450 – 464”
Income tax expense (c) for FY2024
“113 – 116”
Diluted shares (d) for FY2024
“80.1”
Capital expenditures for FY2024
“Approx. $40”
Development advance notes for FY2024
“Approx. $110”
Global RevPAR for FY2024
“Approx. flat”
Year-over-year global RevPAR growth for FY2024
“Approx. flat”
Number of rooms for FY2024
“3% – 4%”
Effective tax rate assumption for FY2024
“approximately 25%”
Exhibit 99.1 · the passage around this item
… earlier in the release
As expected, these increases included 3% growth in the higher RevPAR midscale and above segments in the U.S., as well as strong growth in the Company's EMEA and Latin America regions, which each grew 11%. The Company continued to improve its retention rate and remains solidly on track to achieve its net room growth outlook of 3 to 4% for the full year 2024. On September 30, 2024, the Company's global development pipeline consisted of approximately 2,100 hotels and 248,000 rooms, representing another record-high level and a 5% year-over-year increase. Key highlights include: • 7% growth in the U.S. and 3% internationally • 17 th consecutive quarter of sequential pipeline growth • Approximately 70% of the pipeline is in the midscale and above segments, which grew 6% year-over-year • Approximately 14% of the pipeline represents ECHO Suites Extended Stay by Wyndham for which the Company has awarded a total of 283 contracts since its launch. • Approximately 58% of the pipeline is international • Approximately 79% of the pipeline is new construction and approximately 35% of these projects have broken ground • During the third quarter of 2024, the Company awarded 197 new contracts, including 95 contracts in the U.S., which increased 10% year-over-year. RevPAR Third Quarter 2024 YOY Constant Currency % Change United States $ 57.98  (1  %) International 38.60  7  Global 49.33  1  Third quarter global RevPAR increased 1% in constant currency compared to 2023, reflecting a 1% decline in the U.S. and 7% growth internation
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.