Barclays renews credit card deal with Wyndham Hotels

WILMINGTON, Del. - Barclays (LON:BARC) US Consumer Bank, a prominent credit card issuer, has renewed its exclusive agreement with Wyndham Hotels & Resorts (NYSE:WH) to continue offering their co-branded credit card program. This partnership, which began in 2010, extends Barclays’ role as the sole issuer of Wyndham’s co-branded credit cards, including the Wyndham Rewards Earner® Plus Card, Wyndham Rewards Earner® Card, and Wyndham Rewards Earner® Business Card.

These cards, tailored for frequent travelers, provide up to 8x points on gas and Wyndham hotel stays, and other category-specific rewards. Cardholders also benefit from Wyndham Rewards membership upgrades, booking discounts, and anniversary bonuses. The company has maintained dividend payments for 18 consecutive years, with a current dividend yield of 3.63%. Wyndham Rewards, acclaimed for its simplicity and value, allows members to earn a minimum of 1,000 points per qualified stay and redeem points for free nights at a low threshold.

Kurt Albert, treasurer and head of financial partnerships and planning at Wyndham Hotels & Resorts, emphasized the company’s commitment to enhancing member engagement through the co-branded cards. Doug Villone, head of cards and partnerships at Barclays US Consumer Bank, highlighted the decade-long partnership’s success in fostering customer loyalty and expressed enthusiasm for future growth.

Wyndham Hotels & Resorts, listed on the NYSE as WH, is recognized as the world’s largest hotel franchising company by property count, with roughly 9,200 hotels in over 95 countries. The company’s diverse brand portfolio caters to the everyday traveler, with a significant presence in the economy and midscale segments of the lodging industry.

For those interested in the co-branded credit card programs, information and applications are available at Barclaycardus.com, subject to terms and conditions. This news is based on a press release statement.

In other recent news, Travel + Leisure Co. has been under the spotlight with several new developments. BofA Securities has upgraded the company’s stock from Underperform to Buy and increased the price target from $40.00 to $60.00. The firm cites improving demand for travel and a lower rate environment as key drivers behind the upgrade. These changes suggest a more stable financial outlook for Travel + Leisure.

In addition, Travel + Leisure’s CFO, Michael A. Hug, has announced his retirement set for the 2025 fiscal year. The company has begun the process of finding a successor, considering both internal and external candidates to ensure a smooth transition.

Lastly, Wyndham Hotels & Resorts, a global hospitality franchisor, has declared a quarterly cash dividend of $0.38 per share. The dividend reflects the company’s established pattern of sharing profits with shareholders and is part of Wyndham’s financial strategy. These are among the recent developments within these companies.

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