Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months and year ended December 31, 2023. Highlights include:
- System-wide rooms grew organically by 3.5% year-over-year, a record high.
- Opened a record 66,000 organic rooms, representing a year-over-year increase of 3%.
- Global retention rate – including all terminations – improved another 30 basis points to a record 95.6%.
- Development pipeline grew 1% sequentially and by 10% year-over-year to a record 240,000 rooms.
- Grew ECHO Suites pipeline nearly 60% year-over-year with 98 new contract signings.
