Elavon expands cloud payment solution to 6,000 Wyndham hotels

ATLANTA - Elavon, a subsidiary of U.S. Bank (NYSE:USB), announced Wednesday it will expand its Cloud Payments Interface (CPI) to more than 6,000 Wyndham Hotels & Resorts (NYSE:WH) franchisees across the United States and Canada.

The cloud-based payment processing solution eliminates the need for on-site hardware for property management systems, potentially reducing operational costs and security concerns while supporting mobile check-in capabilities. This technological advancement aligns with Wyndham’s efficient operational model, reflected in its attractive P/E ratio of 7.98 and healthy dividend yield of 4.59%.

"The shift to Elavon’s Cloud Payments Interface helps ensure our franchisees have access to the most modern, secure and reliable payment processing solutions," said Scott Strickland, Chief Commercial Officer at Wyndham Hotels & Resorts, according to the press release.

The CPI solution offers franchisees scalable payment services, integration with third-party software, and advanced security features including encryption and tokenization technologies.

Elavon, which processes payments for more than 1.3 million customers globally, has maintained a 20-year relationship with Wyndham, which operates approximately 9,300 hotels across more than 95 countries under 25 brands including Super 8, Days Inn, and Ramada.

Nicole Tackett, Head of Merchant, Institutional Client Group and Global Airlines at Elavon, stated that the solution would help Wyndham properties "stay ahead of the curve" with flexible solutions that meet evolving needs of both franchisees and guests.

This announcement represents the latest development in the ongoing partnership between the payment processor and the hotel franchising company, according to the company statement. With annual revenue of $3.88 billion, Wyndham continues to demonstrate strong market presence. For deeper insights into Wyndham’s financial metrics and growth potential, investors can access comprehensive analysis through InvestingPro, which offers exclusive ProTips and detailed financial health scores.

In other recent news, Travel + Leisure Co. announced a quarterly cash dividend of $0.56 per share, payable on June 30, 2025, to shareholders recorded by June 13, 2025. This financial move reflects the company’s current financial health and commitment to its shareholders. Additionally, Travel + Leisure Co. held its 2025 Annual Meeting, where shareholders elected directors and approved executive compensation and the appointment of Deloitte & Touche LLP as the independent registered public accounting firm. Meanwhile, Stifel maintained its Buy rating for Travel + Leisure, although it adjusted its earnings per share estimates for the coming years, citing fewer share repurchases than anticipated. The firm kept its EBITDA forecasts unchanged, indicating consistent operational performance expectations.

Wyndham Hotels & Resorts also declared a quarterly cash dividend of $0.41 per share, scheduled for payment on June 30, 2025, to shareholders of record by June 13, 2025. This decision aligns with Wyndham’s strategic financial planning amid varying economic conditions. Furthermore, Wyndham unveiled several initiatives at its 2025 Global Conference aimed at enhancing hotel performance, including new technology platforms and expanded loyalty programs. These developments are part of Wyndham’s ongoing efforts to support hotel owners and improve guest experiences.

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