By Emon Reiser

Wyndham Hotels & Resorts is taking a more cautious outlook for results this year as travel demand has become increasingly uncertain despite reporting higher sales and profits in the first quarter.

The hospitality company on Wednesday lowered its views this year for adjusted earnings per share of $4.57 to $4.74, compared with a prior outlook of $4.66 and $4.78. Revenue per available room, a key metric for hotel operators, is expected to be down as much as 2% to up 1%, compared with a prior outlook of growth of 2% to 3%.

Wyndham posted a profit of $61 million, or 78 cents a share, up from $16 million, or 19 cents a share, for the same period a year earlier. Wyndham said the increase could be attributed to lower expenses in connection with defending an unsuccessful hostile takeover attempt.

Stripping out certain one-time items, earnings per share was 86 cents. Analysts polled by FactSet had forecast adjusted earnings per share of 82 cents.

Revenue rose in the quarter to $316 million, missing the $317 million expected by Wall Street. The company recorded $305 million in revenue in the year-ago quarter.

"While the macro environment remains uncertain, we're staying focused on what we can control - investing in high-quality growth, executing with discipline and supporting our franchisees," Chief Executive Geoff Ballotti said.

The company continues to grow its room count, and said it was awarded 181 development contracts globally, up 6% year over year.

Write to Emon Reiser at emon.reiser@wsj.com

(END) Dow Jones Newswires

April 30, 2025 18:21 ET (22:21 GMT)

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