Week 1 launches with the chance to earn up to four free nights—plus a host of special offers exclusively for credit and debit cardholders, Insiders and members of Wyndham Rewards Business
PARSIPPANY, N.J. (March 4, 2026) – Wednesdays just got a whole lot more rewarding. Wyndham Rewards® officially kicked off its sixth annual Member Month, the hotel rewards program’s biggest celebration of the year, marking five weeks of can’t-miss deals, bonus points, and special offers. With fresh deals dropping every Wednesday, members now have more reasons to book, earn and make the most out of every stay.
“Six years strong, Member Month is back — and it’s all about rewarding the members who make Wyndham Rewards extraordinary. Building on a year of meaningful program updates and even more ways for members to engage, this year’s celebration brings it all together with some of our best offers of the year — from dream getaways to unforgettable experiences. It’s our way of saying thank you to the members who make it all possible and proving once again why Wyndham Rewards is one of the most generous hotel rewards programs out there.”
– Michael Shiwdin, GVP of Guest Engagement, Loyalty & Partnerships, Wyndham Hotels & Resorts
Week 1 Highlights:
Week one arrives in a big way, with multiple ways for members to earn, redeem and maximize their rewards right out of the gate. Even better? Many of these offers can be stacked—meaning members can layer promotions to maximize their rewards.
Earn Up to Four Free Nights – Now through June 30, 2026, Wyndham Rewards members can earn 7,500 bonus points after just two qualifying nights—and repeat the offer up to four times for a total of 30,000 points. That’s enough for up to four free nights at thousands of Hotels by Wyndham worldwide, making it an easy win for both quick getaways and longer stays.
Extra Rewards for Insiders and Cardholders – Wyndham Rewards Insiders can earn an additional 7,500 bonus points after completing two or more qualifying nights by June 30, 2026 (no consecutive stay required). Wyndham Rewards credit or debit cardholders can do the same. Members who are both an Insider and a cardholder can stack the offers for up to 15,000 bonus points.
A Big Bonus for Wyndham Rewards Business Members – Enroll your company in Wyndham Rewards® Business between March 4 and April 30 and complete a qualifying stay by June 30 to earn 15,000 bonus points. Plus, travelers earn 2X points on their personal accounts, offering double the value for business travel.
Flash Sale: Wyndham Rewards Experiences Starting at 1,000 Points – For a limited time, score exclusive tickets and experiences to live concerts and events starting at just 1,000 Wyndham Rewards points – like Tortuga Music Festival available in Week 1. Additional experiences drop weekly, with some available at similar point values. Select auctions run for only 24 hours, while “Redeem Now” options are first-come, first-served.
Earn Up to 75K Bonus Points – Apply for a new Wyndham Rewards Earner® Plus Card and earn up to 75,000 bonus points: 45,000 points after spending $1,000 within the first 90 days, plus 30,000 points after spending $500 on eligible Wyndham purchases within 180 days ¹.
The Rewards Keep Coming: New Deals Drop Every Wednesday
The celebration continues all month long, with new offers arriving every Wednesday at midnight EST. Each drop gives Wyndham Rewards members fresh opportunities to earn more points, unlock more value and make everyday travel even more rewarding. Most offers are available to members worldwide—including those who join during the promotion—making it easy to jump in and start earning.
It’s all part of what has helped make Wyndham Rewards the #1 hotel rewards program as named by readers of USA TODAY. With a simple, generous earning structure, fixed free-night redemptions starting at just 7,500 points per night, and a global portfolio spanning thousands of hotels, vacation club resorts and vacation rentals, Wyndham Rewards makes it easy for travelers to get more out of every stay.
For more information on Member Month, including full terms and conditions for each offer, visit WyndhamRewards.com/MemberMonth.
About Wyndham Rewards
Part of Wyndham Hotels & Resorts (NYSE: WH), the world’s largest hotel franchising company, Wyndham Rewards is the #1 hotel rewards program as named by readers of USA TODAY. Members—over 122 million enrolled around the world—earn a guaranteed 1,000 points with every qualified stay and can redeem for free nights starting at just 7,500 points. With thousands of hotels, vacation club resorts and vacation rentals globally, no other hotel rewards program is more generous. Join for free at WyndhamRewards.com.
¹ Wyndham Rewards Earner® Plus Card issued by Barclays Bank Delaware. Bonus points subject to credit approval and qualifying spend requirements. Account must remain open and in good standing to receive bonus points. Terms apply. See here for complete offer details.
David Wilner Assumes Chief Development Officer Role Company Reaffirms Full-Year 2026 Outlook
PARSIPPANY, N.J. (March 3, 2026) – Wyndham Hotels & Resorts, Inc. (NYSE: WH) today announced that following a comprehensive search process, Amit Sripathi has been appointed Chief Financial Officer, effective immediately. Mr. Sripathi, who most recently served as the Company’s Chief Development Officer – North America, succeeds Kurt Albert who has served as Interim Chief Financial Officer since November. Additionally, the Company has named David Wilner, a 30-year franchise sales veteran, as Chief Development Officer – North America. Both will report to Geoff Ballotti, President and Chief Executive Officer
Together these appointments reinforce Wyndham’s continued focus on driving FeePAR accretive net room growth and creating compounding value for franchisees, guests and shareholders.
“Amit’s combination of deep finance and capital markets expertise coupled with firsthand operational leadership at Wyndham make him the ideal candidate to lead our finance organization. Amit is uniquely qualified to deliver on our shareholder expectations and has proven himself a champion of owners, as evidenced by Wyndham’s record openings, executions and development pipelines both here in the U.S. and internationally. We are confident in his ability to build on our sustained successes and capture opportunities that will drive increased profitability for our franchisees, while returning excess capital to shareholders in a consistent and sustainable manner.”
– Geoff Ballotti, President and CEO, Wyndham Hotels & Resorts
Mr. Sripathi joined Wyndham in 2021 and has served in a variety of leadership roles at the Company, most recently as Chief Development Officer – North America. He possesses significant operational and finance experience across the lodging industry, including driving the Company’s growth and capital allocation strategy. During his tenure, Mr. Sripathi helped Wyndham achieve 20 consecutive quarters of organic net room growth and oversaw the divestiture of the Company’s owned hotels. Prior to Wyndham, Mr. Sripathi was with RLJ Lodging Trust, responsible for Capital Markets and Corporate Finance and served in roles of increasing responsibility in the Real Estate, Lodging and Gaming investment banking group at Deutsche Bank.
“Wyndham is a truly unique company with an asset-light franchise business model that consistently delivers for its owners and shareholders. Our priority is to maintain our rigorous financial discipline and capital allocation strategy to ensure we achieve our long-term growth objectives and maximize shareholder returns. I very much look forward to partnering with the entire leadership team to drive enhanced value creation and build on the “Count on Me” culture that defines our Company.”
– Amit Sripathi, Chief Financial Officer, Wyndham Hotels & Resorts
In his new role, Mr. Wilner will lead the Company’s North American franchise sales and architecture design & construction teams. During his nearly eight years at the Company, he has helped franchisees tap into the power of the Wyndham Advantage and the Company’s iconic brands. Under his leadership Wyndham created and launched ECHO Suites Extended Stay by Wyndham, the fastest growing extended stay brand in the industry. Prior to joining Wyndham, Mr. Wilner spent 20 years as part of the franchise sales leadership team for La Quinta.
“From leading development at La Quinta prior to Wyndham’s acquisition of the brand to driving growth across our new construction prototype brands including La Quinta, WaterWalk, Hawthorn Suites, ECHO Suites and Microtel, David has tremendous expertise translating owners’ needs into strategic growth. Owners and team members view him as a sincere and trusted partner who is most focused on our owner’s success, while helping our teams acceleratedomestic net room growth across all of Wyndham’s brands.”
– Geoff Ballotti, President and CEO, Wyndham Hotels & Resorts
In conjunction with this announcement, Wyndham has reaffirmed its full-year 2026 outlook provided in its fourth-quarter 2025 earnings materials, released on February 18, 2026.
Photos associated with the above release are available for download here.
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of franchised properties, with over 8,300 hotels across approximately 100 countries on six continents. Through its network of approximately 869,000 franchised and affiliated rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 25 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, ECHO Suites®, Registry Collection Hotels®, Trademark Collection® and Wyndham®. The Company’s award-winning Wyndham Rewards® loyalty program offers over 122 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the federal securities laws, including statements related to Wyndham’s current views and expectations with respect to its future performance, growth and shareholder value. Forward-looking statements are any statements other than statements of historical fact, including those that convey management’s expectations as to the future based on plans, estimates and projections at the time Wyndham makes the statements and may be identified by words such as “will,” “expect,” “believe,” “plan,” “anticipate,” “predict,” “intend,” “goal,” “future,” “forward,” “remain,” “confident,” “outlook,” “guidance,” “target,” “objective,” “estimate,” “projection” and similar words or expressions, including the negative version of such words and expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Wyndham to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, general economic conditions, including inflation, higher interest rates and potential recessionary pressures, which may impact decisions by consumers and businesses to use travel accommodations; global trade disputes, including with China; the performance of the financial and credit markets; the economic environment for the hospitality industry; operating risks associated with the hotel franchising business; Wyndham’s relationships with franchisees; the ability of franchisees to pay back loans owed to Wyndham; the impact of prior or any future impairment charges related to the credit Wyndham extends to its franchisees; the impact of war, terrorist activity, political instability or political strife; global or regional health crises or pandemics including the resulting impact on Wyndham’s business, operations, financial results, cash flows and liquidity, as well as the impact on its franchisees, guests and team members, the hospitality industry and overall demand for and restrictions on travel; Wyndham’s ability to satisfy obligations and agreements under its outstanding indebtedness, including the payment of principal and interest and compliance with the covenants thereunder; risks related to Wyndham’s ability to obtain financing and the terms of such financing, including access to liquidity and capital; and Wyndham’s ability to make or pay, plans for and the timing and amount of any future share repurchases and/or dividends, as well as the risks described in Wyndham’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequent reports filed with the Securities and Exchange Commission. These risks and uncertainties are not the only ones Wyndham may face and additional risks may arise or become material in the future. Wyndham undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise, except as required by law.
Enhancements to the Company’s group booking platform bring real-time visibility, simplified coordination and centralized management to planners and hotels alike—at no additional cost
PARSIPPANY, N.J. (February 26, 2026)– Wyndham Hotels & Resorts is elevating the group travel experience with new enhancements to its direct booking platform (groups.wyndhamhotels.com), introducing real-time visibility, customizable booking tools and centralized management designed to simplify how group stays are planned and managed. Powered by Groups360 and its GroupSync Housing platform, the upgraded offering allows planners to manage bookings end-to-end—from reservation to check-in—while helping hotels improve efficiency and drive stronger group performance.
The move addresses one of the most persistent challenges in group travel: the manual, fragmented work that happens after a booking is made. By bringing booking, tracking and guest management into a single, connected experience, Wyndham is helping to reduce administrative complexity for planners, improve conversion and visibility for hotels and make it easier for groups of all kinds—from weddings and reunions to youth sports and corporate travel—to coordinate their stays.
“Group travel should be simple. By extending our digital capabilities beyond the initial transaction, Wyndham is creating a more connected, end-to-end experience for planners—helping drive conversion, improve visibility and ease the operational burden on hotel teams. Whether it’s a wedding, a family reunion, a youth sport event, a team off-site or even project-based infrastructure work, we’re making it easier than ever to do group business with Wyndham and our franchisees.”
Everything Planners Need, All in One Place
Built as part of Wyndham’s ongoing commitment to smarter, more intuitive travel solutions, Wyndham’s enhancements to its group bookings platform bring everything into one centralized place, affording planners added clarity and confidence while helping hotels achieve stronger room‑block performance and higher group conversion. Key features include:
Real-Time Booking Dashboard Planners can see who’s booked, track progress, and make updates instantly—everything is managed in one place, reducing the need for spreadsheets or back-and-forth with hotel teams.
Customizable Wyndham‑Branded Booking Page Each group gets a fully personalized booking page, giving guests a seamless, one‑link experience with no logins or promo codes.
Instant Group Rates & Wyndham Rewards® Points Guests can automatically see and book at the group rate—no promo codes or special instructions needed—and can earn Wyndham Rewards points on qualifying stays.
Direct Integration with Hotel Systems All bookings sync seamlessly with hotel systems, reducing the need for individual coordination or front-desk calls while keeping reservations accurate.
Flexible Early Arrival & Late Departure (Shoulder Nights) Guests can extend their stay before or after the main event, giving planners fewer exceptions to manage and hotels more opportunity to capture revenue
Expanding Access for the Groups That Travel Most Beyond enhancements to its group booking platform, Wyndham has also expanded how it sources group demand, meeting planners where they already are. Through strategic partnerships with leading third-party group travel platforms such as EventPipe, EventConnect and Staybook—widely used by youth sports tournaments, scholastic organizations and large-scale events to manage team travel—Wyndham is helping connect franchisees to high-volume, repeat group business.
These platforms serve as centralized hubs where tournament directors, event organizers and travel planners coordinate lodging for dozens, sometimes hundreds, of teams and attendees at a time. By integrating with them, Wyndham is making its hotels more visible and accessible within the booking workflows these groups already rely on, helping drive incremental demand, increase occupancy and reduce the need for manual sourcing at the property level.
The approach reflects the next phase of Wyndham’s broader sales strategy and builds on initiatives like Wyndham Business, Wyndham Rewards Business and Wyndham Direct—all designed to remove friction, modernize workflows and make it easier to do business with Wyndham across every customer segment. From group booking technology and system-to-system integrations to simplified billing, payments and rewards, Wyndham continues to invest in a more connected commercial ecosystem that helps deliver value for planners, guests and franchisees alike.
“Everything we’re building is designed around one simple goal: making it easier for people to do business with Wyndham. For planners, that means faster booking, better visibility, and less manual work. For franchisees, it’s the opportunity for smarter demand capture, stronger conversion, and technology that helps them operate more efficiently. These investments are another important step in creating a modern commercial ecosystem where everyone benefits.”
– Brian Krail, Group Vice President, Commercial Ops & Sales Strategy, Wyndham Hotels & Resorts
Wyndham’s latest enhancements to its group booking platform come at no additional cost to planners or franchisees and build on the Company’s existing relationship with Groups360, which in 2023, introduced instant online booking for group travel across thousands of hotels by Wyndham, reducing reliance on the traditional RFP model.
For a limited time, planners can save 15% off standard rates on instant group bookings of 10+ rooms. To qualify, stays must be booked by March 17, 2026 and completed by December 30, 2026. Terms and conditions apply. To learn more or to book, visit groups.wyndhamhotels.com.
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of franchised properties, with over 8,300 hotels across approximately 100 countries on six continents. Through its network of approximately 869,000 franchised and affiliated rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 25 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, ECHO Suites®, Registry Collection Hotels®, Trademark Collection® and Wyndham®. The Company’s award-winning Wyndham Rewards® loyalty program offers over 122 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
About Wyndham Business Designed for businesses of all sizes, Wyndham Business is a comprehensive suite of tools and resources that help business owners and their employees simplify and make the most of their travel. Anchored by Wyndham Rewards® Business, a B2B extension of Wyndham’s top-rated rewards program known for both its simplicity and generosity, the program offers rich savings and rewards, streamlined billing, membership upgrades, easy point management and more. Together, these benefits reflect Wyndham’s broader strategy to modernize how businesses book, manage, and optimize travel as part of the Company’s ongoing evolution in global sales and distribution, bringing digital booking, rewards, and billing solutions together to create a more connected, end-to-end commercial ecosystem. Learn more at WyndhamBusiness.com.
Company increases quarterly dividend by 5% and provides full-year 2026 outlook
PARSIPPANY, N.J. (February 18, 2026) – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months and year ended December 31, 2025. Highlights include:
System-wide rooms grew 4% year-over-year.
Awarded 870 development contracts globally in 2025, an increase of 18% year-over-year and an all-time high.
Development pipeline grew 3% year-over-year and 1% sequentially to a record 259,000 rooms.
Ancillary revenues increased 15% on a full-year basis – achieving an all-time high.
Full-year 2025 diluted EPS decreased 31% to $2.50 from $61 primarily reflecting non-cash impairment and other-related charges; however, adjusted diluted EPS increased 6% to $4.58, or approximately 6% on a comparable basis.
Full-year 2025 net income decreased 33% to $193 million from $289 million primarily reflecting non-cash impairment and other-related charges; however, adjusted net income increased 2% to $353 million, or approximately 2% on a comparable basis.
Full-year 2025 adjusted EBITDA increased 3% to $718 million, or 4% on a comparable basis – in line with the Company’s expectations.
Net cash provided by operating activities of $367 million and adjusted free cash flow of $433
Returned $393million to shareholders for the full-year through $266 million of share repurchases and quarterly cash dividends of $41 per share.
Board of Directors recently authorized a 5% increase in the quarterly cash dividend to $0.43 per share beginning with the dividend expected to be declared in the first quarter 2026.
“Our teams around the world opened a record 72,000 rooms, delivered 4% global net room growth and grew our global development pipeline to a record 259,000 rooms,” said Geoff Ballotti, president and chief executive officer. “Despite continued negative U.S. RevPAR pressure, we grew full-year comparable-basis adjusted EBITDA and adjusted EPS in 2025 by 4% and 6%, respectively, generated adjusted free cash flow of more than $430 million and returned nearly $400 million to shareholders. As demand trends improve and RevPAR stabilizes, we remain confident in our long-term strategy while creating compounding value for franchisees, guests and shareholders.”
Reporting Methodology Beginning in the second quarter of 2025, the Company revised its reporting methodology to exclude the impact of all rooms under the Super 8 China master license agreement from its reported system size, RevPAR and royalty rate, and corresponding growth metrics. The Company’s financial results will continue to reflect fees due from the Super 8 master licensee in China, which contributed approximately $2 million to the Company’s full-year 2025 consolidated adjusted EBITDA.
System Size and Development
The Company’s global system grew 4%, including 1% growth in the U.S. and 7% growth in the Company’s higher RevPAR EMEA and Latin America regions.
As of December 31, 2025, the Company’s global development pipeline increased 3% vs. prior-year to a record-high level of approximately 2,200 hotels and 259,000 rooms. Key highlights include:
3% pipeline growth in both the U.S. and internationally
Approximately 70% of the pipeline is in the midscale and above segments, which grew 3% year-over-year
Approximately 17% of the pipeline is in the extended stay segment
Approximately 42% of the pipeline is in the U.S.
Approximately 77% of the pipeline is new construction and approximately 36% of these projects have broken ground; rooms under construction grew 3% year-over-year
RevPAR
Fourth quarter global RevPAR decreased 6% in constant currency compared to 2024, reflecting declines of 8% in the U.S. and 1% internationally.
In the U.S., fourth quarter results included approximately 140 basis points of unfavorable hurricane impacts; excluding which, RevPAR declined approximately 610 basis points year-over-year reflecting a 360 basis-point reduction in occupancy and a 250 basis-point decline in ADR. Softer results in Florida, Texas and California were partially offset by continued strength across the Midwest.
Internationally, constant currency growth of 7% in EMEA and 6% in Latin America, each reflected both improved demand and pricing power, while growth of 1% in Canada was driven by pricing power, partially offset by lower demand. The growth in those regions was more than offset by softness in Asia Pacific, including China where RevPAR declined 10%.
For the full-year, global RevPAR decreased 3% in constant currency compared to 2024, in line with the Company’s outlook, reflecting a 4% decline in the U.S. and flat growth internationally. U.S. results reflected a 270 basis-point reduction in occupancy and a 120 basis-point decline in ADR.
Operating Results
Fourth Quarter The comparability of the Company’s fourth quarter results is impacted by marketing fund variability. The Company’s reported results and comparable-basis results (adjusted to neutralize these impacts) are presented below to enhance transparency and provide a better understanding of the results of the Company’s ongoing operations.
Fee-related and other revenues were $334 million compared to $341 million in the fourth quarter of 2024, reflecting a 5% decline in RevPAR and lower other franchise fees, partially offset by a 19% increase in ancillary revenue and global net room growth of 4%.
The Company generated a net loss of $60 million compared to net income of $85 million in the fourth quarter of 2024, reflecting impairment and other-related costs, lower adjusted EBITDA and higher interest expense. Adjusted net income was $71 million compared to $82 million in the fourth quarter of 2024.
Adjusted EBITDA decreased 2% to $165 million compared to $168million in the fourth quarter of 2024. This decrease included a $7 million unfavorable impact from expected marketing fund variability, excluding which adjusted EBITDA grew 2% on a comparable basis. This growth primarily reflects increased ancillary revenues and cost containment measures, including both operational efficiencies and one-time variable reductions, partially offset by lower royalties and franchise fees and elevated costs associated with insurance, litigation defense and employee benefits – all of which are reflective of the broader operating environment.
The Company generated diluted loss per share of $0.80 compared to diluted earnings per share of $1.08 in the fourth quarter of 2024, which primarily reflects lower net income, partially offset by the benefit of a lower share count due to share repurchase activity.
Adjusted diluted EPS decreased 11% to $0.93 compared to $1.04 in the fourth quarter of 2024. This decrease included an unfavorable impact of $07 per share related to marketing fund variability (after estimated taxes). On a comparable basis, adjusted diluted EPS decreased approximately 4% year-over-year primarily reflecting a higher effective tax rate, as expected, as well as higher interest expense, partially offset by comparable adjusted EBITDA growth and the benefit of share repurchase activity.
Full-Year The comparability of the Company’s full-year 2025 results is impacted by marketing fund variability. The Company’s reported results and comparable-basis results (adjusted to neutralize these impacts) are presented below to enhance transparency and provide a better understanding of the results of the Company’s ongoing operations.
Fee-related and other revenues grew 2% to $1.43 billion compared to $1.40 billion in full-year 2024 which reflects a 15% increase in ancillary revenues, higher pass-through revenues due to the Company’s global franchisee conference and a 4% increase in global net room growth, partially offset by a 3% decline in RevPAR.
Net income decreased 33% to $193 million compared to $289 million in full-year 2024, reflecting higher impairment and other-related costs, higher interest expense and the absence of a benefit in connection with the reversal of a spin-off related matter, which were partially offset by higher adjusted EBITDA and lower transaction-related expenses in connection with defending an unsuccessful hostile takeover attempt. Adjusted net income was $353 million compared to $347 million in full-year 2024.
Adjusted EBITDA grew 3% to $718 million compared to $694million in full-year 2024. This increase included a $2 million unfavorable impact, as expected, from marketing fund variability, excluding which adjusted EBITDA grew 4% on a comparable basis, primarily reflecting higher revenues and cost containment measures, including both operational efficiencies and one-time variable reductions, which were partially offset by lower royalties and franchise fees, along with elevated costs associated with insurance, litigation defense and employee benefits – all of which are reflective of the broader operating environment.
Diluted earnings per share decreased 31% to $2.50 compared to $3.61 in full-year 2024, which primarily reflects lower net income, partially offset by the benefit of a lower share count due to share repurchase activity.
Adjusted diluted EPS grew 6% to $4.58 compared to $4.33 in full-year 2024. This increase included an unfavorable impact of $0.02 per share, as expected, related to marketing fund variability (after estimated taxes). On a comparable basis, adjusted diluted EPS increased approximately 6% year-over-year reflecting comparable adjusted EBITDA growth and the benefit of share repurchase activity, partially offset by higher interest expense.
Full reconciliations of GAAP results to the Company’s non-GAAP adjusted measures for all reported periods appear in the tables to this press release.
Balance Sheet and Liquidity The Company generated $367 million of net cash provided by operating activities and $433 million of adjusted free cash flow in 2025. The Company ended the quarter with a cash balance of $64 million and $840 million in total liquidity.
The Company’s net debt leverage ratio was 3.5 times at December 31, 2025, at the midpoint of the Company’s 3 to 4 times stated target range and in line with expectations.
Share Repurchases and Dividends During the fourth quarter, the Company repurchased approximately 0.6 million shares of its common stock for $43 million. For the full-year 2025, the Company repurchased approximately 3.1 million shares of its common stock for $266 million.
The Company paid common stock dividends of $31 million, or $0.41 per share, during the fourth quarter 2025 for a total of $127 million, or $1.64 per share, for the full-year 2025.
For the full-year 2025, the Company returned $393 million to shareholders through share repurchases and quarterly cash dividends.
The Company’s Board of Directors recently authorized a 5% increase in the quarterly cash dividend to $0.43 per share, beginning with the dividend expected to be declared in first quarter 2026.
Impairment and Other Charges During the preparation of its year-end 2025 financial statements, the Company learned that a large European franchisee, Revo Hospitality Group (“Revo”) has filed for insolvency proceedings under self-administration for most of its operating entities.
As a result, the Company has evaluated the recoverability of the carrying value of assets associated with Revo as of December 31, 2025 and has recorded charges of $74 million within operating expenses and $48 million within impairment on the Consolidated Statements of Income (Loss) to reflect the net realizable value on the Company’s balance sheet.
Additionally, as a result of Revo’s insolvency proceedings and in the process of performing its quantitative assessments for impairment on its intangible assets, the Company determined that a portion of its Vienna House trademark and related-franchise agreements were impaired. Accordingly, the Company recorded impairment charges totaling $38 million to reduce the carrying value of those assets to their estimated fair values.
Starting in the fourth quarter of 2025, the Company began deferring all revenues related to Revo due to uncertainty around collectability. These revenues will continue to accrue and will only be recognized as revenues following a period after which collections from Revo are deemed probable. The table below includes information about revenue recognition related to Revo for the periods presented:
Outlook The Company provided the following outlook for full-year 2026:
The Company expects marketing fund revenues to roughly equal expenses during full-year 2026 though seasonality of spend will affect the quarterly comparisons throughout the year.
More detailed projections are available in Table 8 of this press release. The Company is providing certain financial metrics only on a non-GAAP basis because, without unreasonable efforts, it is unable to predict with reasonable certainty the occurrence or amount of all of the adjustments or other potential adjustments that may arise in the future during the forward-looking period, which can be dependent on future events that may not be reliably predicted. Based on past reported results, where one or more of these items have been applicable, such excluded items could be material, individually or in the aggregate, to the reported results.
Conference Call Information Wyndham Hotels will hold a conference call with investors to discuss the Company’s results and outlook on Thursday, February 19, 2026 at 8:00 a.m. ET. Listeners can access the webcast live through the Company’s website at https://investor.wyndhamhotels.com. The conference call may also be accessed by dialing 800 343-4136 and providing the passcode “Wyndham”. Listeners are urged to call at least five minutes prior to the scheduled start time. An archive of this webcast will be available on the website beginning at noon ET on February 19, 2026. A telephone replay will be available for approximately ten days beginning at noon ET on February 19, 2026 at 800 839-1320.
Presentation of Financial Information Financial information discussed in this press release includes non-GAAP measures, which include or exclude certain items. These non-GAAP measures differ from reported GAAP results and are intended to illustrate what management believes are relevant period-over-period comparisons and are helpful to investors as an additional tool for further understanding and assessing the Company’s ongoing operating performance. The Company uses these measures internally to assess its operating performance, both absolutely and in comparison to other companies, and to make day to day operating decisions, including in the evaluation of selected compensation decisions. Exclusion of items in the Company’s non-GAAP presentation should not be considered an inference that these items are unusual, infrequent or non-recurring. Full reconciliations of GAAP results to the comparable non-GAAP measures for the reported periods appear in the financial tables section of this press release.
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of franchised properties, with over 8,300 hotels across approximately 100 countries on six continents. Through its network of approximately 869,000 franchised and affiliated rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 25 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, ECHO Suites®, Registry Collection Hotels®, Trademark Collection® and Wyndham®. The Company’s award-winning Wyndham Rewards loyalty program offers over 122 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit https://investor.wyndhamhotels.com. The Company may use its website and social media channels as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Disclosures of this nature will be included on the Company’s website in the Investors section, which can currently be accessed at https://investor.wyndhamhotels.com or on the Company’s social media channels, including the Company’s LinkedIn account which can currently be accessed at https://www.linkedin.com/company/wyndhamhotels. Accordingly, investors should monitor this section of the Company’s website and the Company’s social media channels in addition to following the Company’s press releases, filings submitted with the Securities and Exchange Commission and any public conference calls or webcasts.
Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the federal securities laws, including statements related to Wyndham’s current views and expectations with respect to its future performance and operations, including revenues, earnings, cash flow and other financial and operating measures, share repurchases and dividends and restructuring charges. Forward-looking statements are any statements other than statements of historical fact, including those that convey management’s expectations as to the future based on plans, estimates and projections at the time Wyndham makes the statements and may be identified by words such as “will,” “expect,” “believe,” “plan,” “anticipate,” “predict,” “intend,” “goal,” “future,” “forward,” “remain,” “confident,” “outlook,” “guidance,” “target,” “objective,” “estimate,” “projection” and similar words or expressions, including the negative version of such words and expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Wyndham to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, general economic conditions, including inflation, higher interest rates and potential recessionary pressures, which may impact decisions by consumers and businesses to use travel accommodations; global trade disputes, including with China; the performance of the financial and credit markets; the economic environment for the hospitality industry; operating risks associated with the hotel franchising business; Wyndham’s relationships with franchisees; the ability of franchisees to pay back loans owed to Wyndham; the impact of prior or any future impairment charges related to the credit Wyndham extends to its franchisees; the impact of war, terrorist activity, political instability or political strife; global or regional health crises or pandemics including the resulting impact on Wyndham’s business, operations, financial results, cash flows and liquidity, as well as the impact on its franchisees, guests and team members, the hospitality industry and overall demand for and restrictions on travel; Wyndham’s ability to satisfy obligations and agreements under its outstanding indebtedness, including the payment of principal and interest and compliance with the covenants thereunder; risks related to Wyndham’s ability to obtain financing and the terms of such financing, including access to liquidity and capital; and Wyndham’s ability to make or pay, plans for and the timing and amount of any future share repurchases and/or dividends, as well as the risks described in Wyndham’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequent reports filed with the Securities and Exchange Commission. These risks and uncertainties are not the only ones Wyndham may face and additional risks may arise or become material in the future. Wyndham undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise, except as required by law.
Owners and developers embrace AI’s next phase while optimism, brand loyalty and expansion plans remain at the forefront amid evolving market conditions
PARSIPPANY, N.J. (January 26, 2026) — Artificial intelligence has rapidly shifted from an emerging concept to a business imperative for hotel owners—and now the focus is on adopting AI at scale. Findings from Wyndham Hotels & Resorts’ newly released, second-annual, Owner Trends Report show the industry has reached an AI inflection point: hotel owners and developers are embracing AI but are increasingly in need of greater guidance on how to convert early adoption into long-term returns.
Drawn from a comprehensive survey of hundreds of hotel owners and property developers across the U.S., Canada and the Caribbean and representing a broad cross-section of the lodging industry across multiple brands and hotel companies, non-exclusive to Wyndham, the findings also reveal continued confidence in hospitality’s long-term outlook, despite mounting pressure from rising costs, economic uncertainty and operational complexity. Amid these trends, owners are looking to established brands for reliable guidance, proven technology and long-term partnerships, especially as AI becomes an ever more integral part of hotel operations.
“Artificial intelligence is rapidly reshaping hospitality—opening new opportunities while adding fresh layers of complexity. With years of early and significant foundational investment, Wyndham is well positioned to help hoteliers navigate this evolving landscape, offering not only the guidance they seek but also proven, scalable platforms that make it easier to apply AI where it matters most, helping turn innovation into real revenue, greater efficiency and stronger returns.”
– Scott Strickland, Chief Commercial Officer, Wyndham Hotels & Resorts
AI at Crossroads: Transforming Interest into Impact Nearly all hotel owners (98%) say they have begun incorporating AI into their business, signaling that broad adoption of AI in hospitality is already here. While enthusiasm is high, execution remains uneven, with less than a third (32%) saying AI is embedded across most aspects of their operations and nearly three-quarters (73%) wanting to do more but feeling overwhelmed and unsure where to start.
AI Is Already Delivering Operational Value
Of those owners and developers who have already adopted AI in some form, the common uses are for driving operational efficiency (64%), energy efficiency (54%) and revenue optimization (53%)—all areas with a direct impact on profitability.
Untapped Opportunities in Design and Construction
Asked about their plans for 2026, hoteliers most commonly (61%) want to see AI play a larger role in construction planning (e.g. assisting with permitting and zoning) followed by revenue optimization (30%).
The Vital Role of Brands as AI Reshapes Operations As AI adoption accelerates and hotel operations grow more complex, owners and developers continue turning to brands as strategic partners to help vet, integrate and support best-in-class technology solutions. Nearly nine in ten hoteliers (89%) say working with a hotel brand is beneficial when it comes to incorporating AI into their business with more than a third (34%) deeming it essential.
Perceived Barriers Asked to cite the top three factors keeping them from adopting more AI, hoteliers most commonly cite data privacy and security concerns (46%), costs of investing in AI tools (42%) and difficulty integrating AI with legacy systems and technology (40%).
Not Yet Ready to Fully Let Go When it comes to AI making business decisions, hoteliers are mixed in their views of how much human oversight is required. Only two-in-five (40%) are comfortable with AI making operating decisions without human oversight while 57% require human oversight to be comfortable.
Beyond AI: Continued Optimism with Plans for Growth Despite ongoing economic shifts and other pressures, hoteliers are entering 2026 with continued confidence in both the short and long-term trajectory of the industry—echoing similar sentiments shared in Wyndham’s first Owner Trends Report last year. The vast majority (90%) say they’re optimistic about 2026 while an even higher number, 95%, are optimistic about the next five years.
Expansion Remains on the Agenda Nearly 8-in-10 hoteliers (79%) are planning to expand their portfolio over the next 5 years, a number virtually unchanged from last year’s report, while 97% say they are open to joining or switching brands if the right opportunity presents itself.
Loyalty as a Foundational Advantage Nearly two-thirds of hoteliers (65%) say a strong loyalty program is of great importance to their success, while top obstacles include operating costs, talent shortages and rising competition.
Investing in the Guest Experience When it comes to investing capital, nearly a quarter of hoteliers (24%) will be prioritizing increased staffing in 2026, while others plan to invest in property improvements (20%), sales and marketing improvements (20%), technology investments (19%) and enhanced amenities (17%)—suggesting that even amid economic uncertainty, owners continue to prioritize service and the guest experience alongside operational efficiency and marketing.
“This year’s report shows once again the overwhelming confidence hoteliers have in the long-term resiliency and proven ROI of our industry. The results also underscore improving market conditions, with 61% of hoteliers seeing easier financing and a near even split when it comes to interest in new construction versus conversion opportunities. Taken together, the findings point to a market where Wyndham’s scale, experience and platforms help create a real advantage, supporting owners’ growth decisions while driving value through every phase of the cycle.”
– Amit Sripathi, Chief Development Officer, Wyndham Hotels & Resorts
Embedding AI into The Wyndham Advantage As AI reshapes the hospitality landscape, Wyndham is helping set the pace, turning innovation into real, measurable results for franchisees. Through solutions like Wyndham Connect, the Company’s industry-leading guest engagement platform, and Wyndham Connect PLUS, an advanced version of the platform with expanded capabilities, hotels are embedding AI across nearly every stage of the guest journey—from automated messaging and mobile check-in to dynamic upsells, voice assistance and more. To date, more than 5,000 hotels have adopted Wyndham Connect, logging nearly 12 million guest interactions, with the average hotel on Wyndham Connect PLUS seeing nearly 200 bps improvement in direct voice conversion and 400 bps in overall guest satisfaction.
Beyond guest engagement, Wyndham continues to leverage both new and existing partnerships with leading technology providers—such as Google, Amazon and others—to strengthen hotel visibility across traditional digital channels as well as the rapidly evolving world of AI-powered search. In doing so, the company is helping franchisees stay ahead of shifting consumer behavior, with the goal of capturing demand wherever and however guests choose to book, both today and in the future.
Together, these efforts reinforce The Wyndham Advantage, Wyndham’s comprehensive franchisee value proposition uniting marketing, technology, global distribution, revenue management and operational support into a fully integrated ecosystem built around owner success. Fueled by more than $375 million in technology investments since 2018 and strengthened by Wyndham Rewards, the industry’s #1-rated hotel rewards program as named by readers of USA Today, it gives franchisees the scale, tools and confidence to help compete more effectively, innovate faster and build lasting long-term value in an increasingly complex hospitality marketplace.
Wyndham’s second annual Owner Trends Report is available for download here. For more information, including franchising opportunities, visit www.wyndhamdevelopment.com.
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of franchised properties, with approximately 8,300 hotels across approximately 100 countries on six continents. Through its network of over 855,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 25 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, ECHO Suites®, Registry Collection Hotels®, Trademark Collection® and Wyndham®. The Company’s award-winning Wyndham Rewards loyalty program offers approximately 121 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
Survey Methodology
Managed by Wakefield Research, the Wyndham Survey was conducted among 325 Hotel Owners & Hotel Property Developers across multiple brands and companies, non-exclusive to Wyndham, with minimum seniority of VP+, in the United States, Canada, and the Caribbean, between November 24th and December 4th, 2025, using an email invitation and an online survey. Results of any sample are subject to sampling variation. The magnitude of the variation is measurable and is affected by the number of interviews and the level of the percentages expressing the results. For the interviews conducted in this particular study, the chances are 95 in 100 that a survey result does not vary, plus or minus, by more than 6.2 percentage points for the total data, 6.9 percentage for the U.S., 9.8 for Canada, and 19.6 percentage points for the Caribbean, from the result that would be obtained if interviews had been conducted with all persons in the universe represented by the sample.
Welcomes four new entertainment-driven destinations; Flagship Durant property debuts as newest Wyndham Grand with additional resorts joining Trademark Collection by Wyndham
PARSIPPANY, N.J. & DURANT, Okla. (Jan. 22, 2026) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company, today unveiled an expansion of its upscale and lifestyle offerings through a new multi-hotel deal with the Choctaw Nation of Oklahoma. The agreement brings four Choctaw Casino & Resorts properties, representing nearly 2,000 rooms, into the Wyndham portfolio. Led by Choctaw’s flagship resort, Choctaw Casino & Resort–Durant, now part of the Wyndham Grand portfolio, three additional properties join Wyndham’s globally recognized Trademark Collection by Wyndham brand, with the Choctaw Nation retaining ownership and management of all four resorts.
The deal comes as regional gaming destinations continue surging in popularity with travelers nationwide. According to the latest research from the American Gaming Association, more than half of Americans participated in some form of gaming in 2024. That same year, tribal gaming generated a record $43.9 billion in revenue nationwide, with Oklahoma ranking among one of the fastest-growing markets.
“This aspirational affiliation represents everything today’s travelers are asking for—exciting destinations, distinctive experiences, and more meaningful ways to connect with the places they love. By welcoming Choctaw’s remarkable casinos and resorts to Wyndham, we’re expanding what our brands and our Wyndham Rewards program can offer, giving more than 120 million enrolled members access to a powerful new collection of entertainment-driven getaways across one of the country’s fastest-growing gaming markets.”
– Geoff Ballotti, President and CEO, Wyndham Hotels & Resorts
“Our agreement with Wyndham Hotels & Resorts represents a meaningful expansion of what the Choctaw brand delivers to our guests and our people. For our customers, it elevates the hospitality experience by combining Choctaw’s signature service, culture, and entertainment with the global recognition, loyalty benefits, and travel network of one of the world’s largest and most respected hotel companies. For Choctaw tribal members, it strengthens long-term economic sustainability—creating new career pathways, professional development opportunities, and reinvestment into tribal programs and communities. It is a strategic step that honors our values while positioning Choctaw for continued growth on a global stage.”
– Chief Gary Batton, Chief of the Choctaw Nation of Oklahoma
An Entertainment Destination, Elevated by Wyndham
Located just 90 minutes north of Dallas, Choctaw Casino & Resort–Durant, a Wyndham Grand, delivers a high-energy escape where world-class entertainment meets laid-back resort living. The expansive property spans more than 1,600 rooms and suites across multiple hotel towers and is anchored by one of the largest gaming floors in the world, featuring more than 7,400 slot machines, 100 table games, and a thriving poker room. Plus, with an award-winning 3,000-seat entertainment venue, over 40 restaurants, bars, and lounges, and a curated collection of six retail shops ensure there’s always something new to discover.
When it’s time to unwind, the resort’s outdoor and wellness offerings take center stage. Guests can retreat to the full-service spa or spend sun-soaked afternoons at a collection of standout pools, from OASIS, an adults-only sanctuary, to AQUA, a three-acre, palm-tree-shaded playground complete with private cabanas, outdoor bars, waterslides, and a splashpad. Families will also find plenty to explore at The District, home to 20 bowling lanes, classic arcade games, and a six-screen cinema while meeting and event planners will appreciate the resort’s 100,000 sq. ft. of state-of-the art conference and event space.
In addition to the Durant flagship, Choctaw’s three additional resort properties join Trademark Collection by Wyndham, including Choctaw Landing Casino & Resort – Hochatown, Choctaw Casino & Resort–Pocola and Choctaw Casino & Resort–Grant. Together, these hotels strengthen Trademark Collection by Wyndham’s already robust Entertainment Collection, which brings together independent hotels in premier gaming and entertainment destinations—from iconic Las Vegas properties to regional casino-linked destinations in Atlantic City, Reno and Biloxi—expanding Wyndham’s ability to serve travelers seeking immersive, experience-led stays through distinctive, locally rooted resorts.
Choctaw Casinos & Resorts maintains a significant presence in the Dallas-Fort Worth metroplex with sponsorships of major league sports, including the Dallas Mavericks, Dallas Stars, Texas Rangers, and as an Official Dallas World Cup 2026 Host City Supporter. The casino brand also has legendary sports icons as ambassadors including football greats Troy Aikman, Emmitt Smith, and Darren Woodson, as well as Texas Rangers and Baseball Hall of Famer Ivan “Pudge” Rodriguez. Choctaw Casino & Resort – Durant is also part of the World Series of Poker tour and hosts multiple million-dollar prize tournaments annually.
Supporting Growth Through the Wyndham Advantage Wyndham’s deal with the Choctaw Nation is supported by the Wyndham Advantage—a combination of world-class marketing, distribution, and resources designed to help owners grow demand, reach new travelers, and operate more efficiently at scale. Backed by more than $375 million in technology investments since 2018, Choctaw’s resorts gain access to best-in-class tools from industry-leading providers, including next-generation property management systems, revenue management platforms, and centralized sales and marketing support.
All four Choctaw resorts will be rolling out across Wyndham’s various booking channels over the coming weeks. The properties will also be available to members of Wyndham Business, a free-to-join travel program designed for businesses of all sizes combining best-in-class travel management tools with guaranteed discounts as well as exclusive perks courtesy of Wyndham Rewards Business, the B2B extension of Wyndham’s award-winning guest loyalty program.
To learn more about Wyndham’s deal with Choctaw Casinos & Resorts or to book your next stay, visit WyndhamHotels.com.
Photos associated with the above release are available for download here.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of franchised properties, with approximately 8,300 hotels across approximately 100 countries on six continents. Through its network of over 855,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 25 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, ECHO Suites®, Registry Collection Hotels®, Trademark Collection® and Wyndham®. The Company’s award-winning Wyndham Rewards loyalty program offers approximately 121 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
About Choctaw Casinos & Resorts Owned and operated by the Choctaw Nation of Oklahoma, the third-largest Indian Nation in the United States with more than 230,000 tribal members and 13,000 employees. Choctaw Casinos & Resorts feature a variety of gaming, hotel and resort properties throughout southeastern Oklahoma. Locations include Durant, Grant, Pocola, Hochatown, Idabel, Broken Bow, McAlester, and Stringtown. Choctaw Nation opened the 100-room luxury resort, Choctaw Landing in Hochatown, Oklahoma, in 2024. For more information, visit www.ChoctawCasinos.com.
PARSIPPANY, N.J. (November 17, 2025) – Wyndham Hotels & Resorts (NYSE: WH), the world’s largest hotel franchisor, today appointed Alexandra A. Jung to its Board of Directors. Ms. Jung will serve as a member of the Corporate Governance and Audit Committees.
“With vast experience across oceans and corporate sectors, Alex is an experienced business builder and leader with deep global portfolio management, international investment and operational experiences. Her addition to Wyndham’s Board of Directors will help us continue positioning Wyndham for sustained growth as we make hotel travel possible for all.”
– Stephen P. Holmes, Chairman of the Board, Wyndham Hotels & Resorts
With more than 25 years of experience in investment management, Ms. Jung brings knowledge across an array of sectors including hotel and leisure, power, consumer, industrials, transport, energy, healthcare and real estate. She currently serves as Co-Founder and Managing Partner of Amateras Capital & Head of Private Debt Funds and Partner at AEA Investors, a pioneer in the private equity industry.
Previously, Ms. Jung was Partner & Head of European Investments at Oak Hill Advisors in London and New York, where she led the build out of the firm’s European business and portfolio and held global portfolio management roles. During her tenure at Goldman Sachs in New York and London she led investments in the firm’s European Special Situations Group, focused on credit and equity investing in US Transatlantic and European companies.
Ms. Jung currently serves on the board of NVR, Inc., one of America’s leading homebuilders. She is an avid supporter of women in investing and executive leadership and was a founding board member of the Women’s Business Collaborative, which was established to accelerate the advancement of women in the c-suite, board and corporate leadership. She earned a Master of Management from the J.L. Kellogg Graduate School of Management at Northwestern University and a B.A., cum laude, from Bucknell University.
With the appointment of Alexandra Jung, the Wyndham Hotels & Resorts board expands to 9 directors, seven of whom are independent. The other members of Wyndham’s board of directors include:
Stephen P. Holmes, Chairman of the Board; Former Chairman and Chief Executive Officer of Wyndham Worldwide
Geoffrey A. Ballotti, President & Chief Executive Officer, Wyndham Hotels & Resorts
Myra J. Biblowit, Former President of The Breast Cancer Research Foundation
James E. Buckman, Former Vice Chairman of York Capital Management
Bruce B. Churchill, Former President of DIRECTV Latin America
Mukul V. Deoras, President, Asia Pacific Division of Colgate-Palmolive Company and Chairman of Colgate-Palmolive (India) Ltd.
Ronald L. Nelson, Former Chairman and Chief Executive Officer of Avis Budget Group
Pauline D.E. Richards, Former Chief Operating Officer of Trebuchet Group Holdings Ltd
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About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of franchised properties, with approximately 8,300 hotels across approximately 100 countries on six continents. Through its network of over 855,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 25 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, ECHO Suites®, Registry Collection Hotels®, Trademark Collection® and Wyndham®. The Company’s award-winning Wyndham Rewards loyalty program offers approximately 121 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
The most generous hotel rewards program is giving travelers everywhere an early holiday gift: a free status upgrade with extra perks, no matter how nice (or naughty) you’ve been
PARSIPPANY, N.J. (Nov. 12, 2025) – Plug in the lights and cue the smiles. This holiday season, Wyndham Rewards® is teaming up with beloved actress Beverly D’Angelo, forever known for her role as Ellen Griswold in the classic National Lampoon’s Christmas Vacation, to gift Wyndham Rewards members with a complimentary, limited time, one-level status upgrade. Translation? Extra perks sure to make your “holiday road” a little smoother—no station wagon required.
Now through December 31, travelers can visit WyndhamRewards.com/Upgrade to request their one-level membership bump, unlocking perks that only get better the higher you go—think early check-in, late checkout, a preferred room, even suite upgrades. Valid through end of year, it’s the perfect excuse to plan that long-overdue trip to see loved ones, while enjoying some space of your own.
Already a Diamond member? Register and enjoy 5x the points—Wyndham’s biggest multiplier of the year—on all qualified stays completed by December 31. Learn more here, including terms and conditions.
“The holidays are full of joy, cheer and, let’s be honest, a little chaos. Everyone’s merry, everyone’s messy and somehow, someone always ends up sleeping on the couch. That’s where Wyndham Rewards comes in. With more than 20 brands and thousands of hotels, it’s the simple way to stay close to family—without being too close. A real bed, extra perks and a little breathing room? Now that’s how you brighten the season without tripping a breaker.”
– Beverly D’Angelo
Upgraded Status for All With four distinct levels of membership—Blue, Gold, Platinum, and Diamond—Wyndham Rewards offers some of the most attainable status in the industry, with each level designed to recognize members with added perks. And now, with a complimentary limited-time upgrade, every member can enjoy at least Gold level membership for the holidays, making it easier than ever to get more from their next stay.
Blue – Unlocked upon enrollment, Blue level members immediately get to enjoy the benefits of the industry’s #1 rated rewards program, including a guaranteed 1,000 points with every qualified stay, free Wi-Fi, rollover nights and more.
Gold – Unlocked after just five qualifying-nights, Gold level members receive all the benefits of Blue level membership plus added perks like a preferred room, late checkout and a dedicated member services line. Members also earn 10% more points with every qualified stay.
Platinum – Unlocked after 15 qualifying-nights, Platinum level members receive all the benefits of Gold level membership plus added perks like early check-in and free car rental upgrades at participating locations in the U.S. and Canada with Avis and Budget. Members also earn 15% more points with every qualified stay.
Diamond – Unlocked after 40 qualifying-nights, Diamond level members receive all the benefits of Platinum level membership plus added perks like suite upgrades and a welcome amenity at check-in, where available. Members also earn 20% more points with every qualified stay.
“We all know what travel looks like this time of year—crowded airports, packed cars and family gatherings that always seem to grow by a few unexpected guests. Wyndham is here to help. Whether it’s one night at a Days Inn, a long weekend at a La Quinta, or an all-out, well-deserved splurge at a beautiful Wyndham Grand, this upgrade is our way of reminding travelers that with Wyndham Rewards, every stay shines a little brighter.”
– Mike Shiwdin, GVP, Loyalty and Guest Engagement, Wyndham Hotels & Resorts
Wyndham Rewards holiday upgrade offer is available to all Blue, Gold and Platinum Wyndham Rewards members globally. Those not yet enrolled in the program can join for free at WyndhamRewards.com and then claim their upgrade.
Once claimed, Blue members will automatically be upgraded to Gold, Gold members to Platinum, and Platinum members to Diamond. Upgraded perks and benefits take effect immediately—except for Caesars Rewards® status match benefits, which are excluded from the offer—and apply to stays completed by Dec. 31 offer. Members who take advantage of the limited-time member level upgrade offer are not eligible to register for the 5x points promotion.
About Wyndham Rewards Part of Wyndham Hotels & Resorts (NYSE: WH), the world’s largest hotel franchising company, Wyndham Rewards is the #1 hotel rewards program as named by readers of USA TODAY. Members—approximately 121 million enrolled around the world—earn a guaranteed 1,000 points with every qualified stay and can redeem for free nights starting at just 7,500 points. With thousands of hotels, vacation club resorts and vacation rentals globally, no other hotel rewards program is more generous. Join for free at WyndhamRewards.com.
Kurt Albert Appointed Interim CFO
PARSIPPANY, N.J. (Nov. 4, 2025) – Wyndham Hotels & Resorts (NYSE: WH) today announced that Michele Allen, Chief Financial Officer and Head of Strategy, will be departing the Company to pursue a new career opportunity outside of the hotel industry. Kurt Albert, currently Treasurer and Head of Financial Partnerships & Planning, has been appointed Interim Chief Financial Officer, effective immediately. Wyndham plans to conduct a comprehensive search for a permanent Chief Financial Officer, which will include consideration of both internal and external candidates. Ms. Allen will serve in an advisory role at Wyndham through the end of 2025 to support a smooth transition.
“Michele has been an invaluable member of the Wyndham team for over 25 years,” said Geoff Ballotti, President and CEO. “Her exceptional financial acumen and strategic vision have helped steer Wyndham through many pivotal moments. The contributions she’s made over the years are countless – from advancing key business priorities to nurturing a world-class finance team. On behalf of the Board and all of Wyndham’s team members, we thank Michele for her dedication and leadership. We wish her every success as she embarks on an exciting new chapter in her career.”
“It’s been a tremendous privilege to build my career at Wyndham, working alongside so many talented team members, leaders and the incredible community of franchisees who bring our brands to life every day,” said Ms. Allen. “Together, we’ve shaped a Company that has thrived through tremendous change, and I’m deeply proud of all we’ve accomplished. As I look ahead to a new challenge, I’ll always be grateful for the relationships that have made this journey so meaningful.”
Mr. Ballotti continued, “Kurt’s appointment as interim CFO underscores the depth and strength of Michele’s team and the caliber of leadership across Wyndham. With more than 15 years as a key member of our finance department, we are confident he is well-equipped to lead our finance organization during this period of transition.”
Mr. Albert has served as Treasurer and Head of Financial Partnerships & Planning since May 2024 and, prior to that, held several leadership positions within the Treasury and Financial Planning & Analysis functions.
In conjunction with this announcement, Wyndham has reaffirmed its full-year 2025 outlook provided in its third-quarter 2025 earnings materials, released on October 22, 2025.
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of franchised properties, with approximately 8,300 hotels across approximately 100 countries on six continents. Through its network of over 855,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 25 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, ECHO Suites®, Registry Collection Hotels®, Trademark Collection® and Wyndham®. The Company’s award-winning Wyndham Rewards loyalty program offers approximately 121 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit https://investor.wyndhamhotels.com. The Company may use its website and social media channels as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Disclosures of this nature will be included on the Company’s website in the Investors section, which can currently be accessed at https://investor.wyndhamhotels.com or on the Company’s social media channels, including the Company’s LinkedIn account which can currently be accessed at https://www.linkedin.com/company/wyndhamhotels. Accordingly, investors should monitor this section of the Company’s website and the Company’s social media channels in addition to following the Company’s press releases, filings submitted with the Securities and Exchange Commission and any public conference calls or webcasts.
Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the federal securities laws, including statements related to Wyndham’s current views and expectations with respect to its future performance and operations. Forward-looking statements are any statements other than statements of historical fact, including those that convey management’s expectations as to the future based on plans, estimates and projections at the time Wyndham makes the statements and may be identified by words such as “will,” “expect,” “believe,” “plan,” “anticipate,” “predict,” “intend,” “goal,” “future,” “forward,” “remain,” “confident,” “outlook,” “guidance,” “target,” “objective,” “estimate,” “projection” and similar words or expressions, including the negative version of such words and expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Wyndham to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, general economic conditions, including inflation, higher interest rates and potential recessionary pressures, which may impact decisions by consumers and businesses to use travel accommodations; global trade disputes, including with China; the performance of the financial and credit markets; the economic environment for the hospitality industry; operating risks associated with the hotel franchising business; Wyndham’s relationships with franchisees; the ability of franchisees to pay back loans owed to Wyndham; the impact of war, terrorist activity, political instability or political strife, including the ongoing conflicts between Russia and Ukraine and conflicts in the Middle East, respectively; global or regional health crises or pandemics including the resulting impact on Wyndham’s business, operations, financial results, cash flows and liquidity, as well as the impact on its franchisees, guests and team members, the hospitality industry and overall demand for and restrictions on travel; Wyndham’s ability to satisfy obligations and agreements under its outstanding indebtedness, including the payment of principal and interest and compliance with the covenants thereunder; risks related to Wyndham’s ability to obtain financing and the terms of such financing, including access to liquidity and capital; and Wyndham’s ability to make or pay, plans for and the timing and amount of any future share repurchases and/or dividends, as well as the risks described in Wyndham’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequent reports filed with the Securities and Exchange Commission. These risks and uncertainties are not the only ones Wyndham may face and additional risks may arise or become material in the future. Wyndham undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise, except as required by law.
Company grows system size and record development pipeline each by 4%
PARSIPPANY, N.J. (October 22, 2025) – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended September 30, 2025. Highlights include:
System-wide rooms grew 4% year-over-year.
Awarded 204 development contracts globally, an increase of 24% year-over-year.
Development pipeline grew 4% year-over-year and 1% sequentially to a record 257,000 rooms.
Ancillary revenues increased 18% compared to third quarter 2024 and 14% on a year-to-date basis.
Diluted earnings per share increased 5% year-over-year to $36; adjusted diluted EPS grew 5% to $1.46, or increased 1% on a comparable basis.
Net income increased 3% year-over-year to $105 million; adjusted net income increased 2% to $112 million, or decreased 2% on a comparable basis.
Adjusted EBITDA increased 2% year-over-year to $213 million, or remained flat on a comparable basis.
Returned $101 million to shareholders through $70 million of share repurchases and quarterly cash dividends of $0.41 per share.
“Our third quarter results once again demonstrate the resilience of our business model and the consistent execution of our teams around the world,” said Geoff Ballotti, president and chief executive officer. “Amid a challenging macro backdrop, we delivered record year-to-date organic room openings, grew our global pipeline to another all-time high, and achieved double-digit growth in ancillary revenues – all while expanding our portfolio with high-quality, FeePAR-accretive hotels. As we continue to focus development on our strongest brands and markets, advance the industry’s leading technology and loyalty platforms and drive meaningful returns to shareholders, we’re positioning Wyndham for sustained growth and value creation well into 2026 and beyond.”
Reporting Methodology Beginning in the second quarter of 2025, the Company revised its reporting methodology to exclude the impact of all rooms under the Super 8 China master license agreement from its reported system size, RevPAR and royalty rate, and corresponding growth metrics. The Company’s financial results will continue to reflect fees due from the Super 8 master licensee in China, which contributed less than $3 million to the Company’s full-year 2024 consolidated adjusted EBITDA.
System Size and Development
The Company’s global system grew 4% including 2% growth in the higher RevPAR midscale and above segments in the U.S. and 7% growth in the higher RevPAR EMEA and Latin America regions.
On September 30, 2025, the Company’s pipeline consisted of approximately 2,180 hotels and 257,000 rooms, representing another record-high level and a 4% year-over-year increase. Key highlights include:
Awarded 204 new contracts, an increase of 24% year-over-year.
4% pipeline growth in the U.S. and 4% growth internationally
Approximately 70% of the pipeline is in the midscale and above segments, which grew 4% year-over-year
Approximately 17% of the pipeline is in the extended stay segment
Approximately 58% of the pipeline is international
Approximately 75% of the pipeline is new construction and approximately 36% of these projects have broken ground; rooms under construction grew 3% year-over-year
RevPAR
Third quarter global RevPAR decreased 5% in constant currency compared to 2024, reflecting declines of 5% in the U.S. and 2% internationally.
In the U.S., RevPAR performance reflected a 300 basis-point reduction in occupancy and a 200 basis-point decline in ADR. Softer results in Texas, Florida and California were partially offset by continued strength across the Midwest.
Internationally, the decrease was primarily driven by Asia Pacific, including China where RevPAR declined 10%, and Latin America, where RevPAR declined 5%. This was partially offset by 4% growth in the EMEA region and 8% growth in Canada, both primarily reflecting pricing power.
Third Quarter Operating Results The comparability of the Company’s third quarter results is impacted by marketing fund variability. The Company’s reported results and comparable-basis results (adjusted to neutralize these impacts) are presented below to enhance transparency and provide a better understanding of the results of the Company’s ongoing operations.
Fee-related and other revenues were $382 million compared to $394 million in third quarter 2024, reflecting a 5% decline in RevPAR and lower other franchise fees, partially offset by an 18% increase in ancillary revenue, royalty rate expansion both domestically and internationally and global net room growth of 4%.
The Company generated net income of $105 million compared to $102 million in third quarter 2024, primarily due to higher adjusted EBITDA, partially offset by higher interest expense. Adjusted net income was $112 million compared to $110 million in third quarter 2024.
Adjusted EBITDA grew 2% to $213 million compared to $208million in third quarter 2024. This increase included a $6 million favorable impact from marketing fund variability, excluding which adjusted EBITDA remained flat on a comparable basis as lower royalties and franchise fees, along with elevated costs associated with insurance, litigation defense and employee benefits – all of which are reflective of the broader operating environment – were more than offset by cost containment measures, including both operational efficiencies and one-time variable reductions.
Diluted earnings per share increased 5% to $36 compared to $1.29 in third quarter 2024. This increase primarily reflects the benefit of a lower share count due to share repurchase activity.
Adjusted diluted EPS grew 5% to $1.46 compared to $1.39 in third quarter 2024. This increase included a favorable impact of $0.06 per share related to marketing fund variability (after estimated taxes). On a comparable basis, adjusted diluted EPS increased 1% year-over-year primarily reflecting the benefit of share repurchase activity, partially offset by higher interest expense.
During third quarter 2025, the Company’s marketing fund revenues exceeded expenses by $18 million; while in third quarter 2024, the Company’s marketing fund revenues exceeded expenses by $12 million, resulting in $6 million of marketing fund variability.
Full reconciliations of GAAP results to the Company’s non-GAAP adjusted measures for all reported periods appear in the tables to this press release.
Balance Sheet and Liquidity The Company generated $86 million of net cash provided by operating activities and $97 million of free cash flow in third quarter 2025. The Company ended the quarter with a cash balance of $70 million and approximately $540 million in total liquidity.
The Company’s net debt leverage ratio was 3.5 times at September 30, 2025, the midpoint of the Company’s 3 to 4 times stated target range and in line with expectations.
In October 2025, the Company refinanced its $750 million revolving credit facility, extending the maturity from April 2027 to October 2030, increasing capacity by $250 million to $1 billion, and reducing borrowing costs by 35 basis points. All other terms remain similar to the previous facility.
Share Repurchases and Dividends During the third quarter, the Company repurchased approximately 830,000 shares of its common stock for $70 million. Year-to-date through September 30, the Company repurchased approximately 2.5 million shares of its common stock for $223 million.
The Company paid common stock dividends of $31 million, or $0.41 per share, during the third quarter 2025.
Full-Year 2025 Outlook The Company is updating its full-year outlook as follows: The Company expects marketing fund expenses to exceed revenues by approximately $5 million during full-year 2025, an intentional investment the Company expects to recover in future periods.
More detailed projections are available in Table 8 of this press release. The Company is providing certain financial metrics only on a non-GAAP basis because, without unreasonable efforts, it is unable to predict with reasonable certainty the occurrence or amount of all of the adjustments or other potential adjustments that may arise in the future during the forward-looking period, which can be dependent on future events that may not be reliably predicted. Based on past reported results, where one or more of these items have been applicable, such excluded items could be material, individually or in the aggregate, to the reported results.
Conference Call Information Wyndham Hotels will hold a conference call with investors to discuss the Company’s results and outlook on Thursday, October 23, 2025 at 8:30 a.m. ET. Listeners can access the webcast live through the Company’s website at https://investor.wyndhamhotels.com. The conference call may also be accessed by dialing 800 343-4136 and providing the passcode “Wyndham”. Listeners are urged to call at least five minutes prior to the scheduled start time. An archive of this webcast will be available on the website beginning at noon ET on October 23, 2025. A telephone replay will be available for approximately ten days beginning at noon ET on October 23, 2025 at 800 939-8292.
Presentation of Financial Information Financial information discussed in this press release includes non-GAAP measures, which include or exclude certain items. These non-GAAP measures differ from reported GAAP results and are intended to illustrate what management believes are relevant period-over-period comparisons and are helpful to investors as an additional tool for further understanding and assessing the Company’s ongoing operating performance. The Company uses these measures internally to assess its operating performance, both absolutely and in comparison to other companies, and to make day to day operating decisions, including in the evaluation of selected compensation decisions. Exclusion of items in the Company’s non-GAAP presentation should not be considered an inference that these items are unusual, infrequent or non-recurring. Full reconciliations of GAAP results to the comparable non-GAAP measures for the reported periods appear in the financial tables section of this press release.
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of franchised properties, with approximately 8,300 hotels across approximately 100 countries on six continents. Through its network of over 855,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 25 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, ECHO Suites®, Registry Collection Hotels®, Trademark Collection® and Wyndham®. The Company’s award-winning Wyndham Rewards loyalty program offers approximately 121 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit https://investor.wyndhamhotels.com. The Company may use its website and social media channels as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Disclosures of this nature will be included on the Company’s website in the Investors section, which can currently be accessed at https://investor.wyndhamhotels.com or on the Company’s social media channels, including the Company’s LinkedIn account which can currently be accessed at https://www.linkedin.com/company/wyndhamhotels. Accordingly, investors should monitor this section of the Company’s website and the Company’s social media channels in addition to following the Company’s press releases, filings submitted with the Securities and Exchange Commission and any public conference calls or webcasts.
Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the federal securities laws, including statements related to Wyndham’s current views and expectations with respect to its future performance and operations, including revenues, earnings, cash flow and other financial and operating measures, share repurchases and dividends and restructuring charges. Forward-looking statements are any statements other than statements of historical fact, including those that convey management’s expectations as to the future based on plans, estimates and projections at the time Wyndham makes the statements and may be identified by words such as “will,” “expect,” “believe,” “plan,” “anticipate,” “predict,” “intend,” “goal,” “future,” “forward,” “remain,” “confident,” “outlook,” “guidance,” “target,” “objective,” “estimate,” “projection” and similar words or expressions, including the negative version of such words and expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Wyndham to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, general economic conditions, including inflation, higher interest rates and potential recessionary pressures, which may impact decisions by consumers and businesses to use travel accommodations; global trade disputes, including with China; the performance of the financial and credit markets; the economic environment for the hospitality industry; operating risks associated with the hotel franchising business; Wyndham’s relationships with franchisees; the ability of franchisees to pay back loans owed to Wyndham; the impact of war, terrorist activity, political instability or political strife, including the ongoing conflicts between Russia and Ukraine and conflicts in the Middle East, respectively; global or regional health crises or pandemics including the resulting impact on Wyndham’s business, operations, financial results, cash flows and liquidity, as well as the impact on its franchisees, guests and team members, the hospitality industry and overall demand for and restrictions on travel; Wyndham’s ability to satisfy obligations and agreements under its outstanding indebtedness, including the payment of principal and interest and compliance with the covenants thereunder; risks related to Wyndham’s ability to obtain financing and the terms of such financing, including access to liquidity and capital; and Wyndham’s ability to make or pay, plans for and the timing and amount of any future share repurchases and/or dividends, as well as the risks described in Wyndham’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequent reports filed with the Securities and Exchange Commission. These risks and uncertainties are not the only ones Wyndham may face and additional risks may arise or become material in the future. Wyndham undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise, except as required by law.
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