Wyndham Hotels & Resorts, Inc. (NYSE: WH) reported Q1 EPS of $0.50, $0.10 better than the analyst estimate of $0.40. Revenue for the quarter came in at $410 million versus the consensus estimate of $392.04 million.

• Diluted earnings per share increased 5% to $0.23, and adjusted diluted EPS decreased 4% to $0.50.
• Net income was $22 million for the first quarter, a 5% increase over the prior-year quarter; adjusted net income was $47 million, an 8% decrease over the prior-year quarter.
• Adjusted EBITDA decreased 4% compared with the prior-year quarter, to $107 million.
• System-wide rooms grew 2% year-over-year.
• The Company\'s development pipeline grew 4% year-over-year to 189,000 rooms.
• Global RevPAR declined 23% year-over-year in constant currency.

"During the most challenging crisis the hotel industry has ever endured, our highest priority has remained the well-being and safety of our guests, owners and team members. We have taken the difficult but prudent measures to reduce our costs and bolster our liquidity while providing support and relief for our franchisees to help them weather this downturn," said Geoffrey A. Ballotti, chief executive officer. "Nearly 5,900 of our 6,300 hotels in the U.S. remain open, and with nearly 90% of those properties located outside of major cities in drive-to destinations that cater to a leisure customer base, we believe that our asset-light business is well positioned for a quick recovery when travel demand returns."

Outlook

The Company's ability to assess the impact of COVID-19 on its full-year financial results continues to be limited due to the rapidly evolving circumstances and uncertainty in travel demand. As a result, the Company remains unable, at this time, to accurately predict and provide 2020 outlook.

For earnings history and earnings-related data on Wyndham Hotels & Resorts, Inc. (WH) click here.