Earnings PerformanceWyndham's 1Q24 adjusted EBITDA results were modestly above estimates, driven by higher licensing fees and better-than-expected margins.
Future OutlookPositive results and outlook, coupled with a RevPAR acceleration for the remainder of the year, are expected to drive shares higher.
Stock BuybackWyndham's board of directors increased the company's repurchase authorization by $400 million.