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.
Wyndham Rewards Insider is your key to more points and perks with expansive travel savings, automatic Gold level status, double-dip points earning and more—all for just $95 a year
PARSIPPANY, N.J. (October 21, 2025) – Wyndham Rewards®, the #1–rated hotel rewards program known for its groundbreaking simplicity and generosity, is once again transforming the loyalty landscape with the launch of Wyndham Rewards Insider℠—a first-of-its-kind travel and entertainment subscription from a major hotel rewards program, designed to pay for itself in as little as one trip.
For just $95 a year, Wyndham Rewards members can now unlock perks like automatic Gold level status, concierge services and the ability to double-dip on points with select partners, all while saving on hotels, flights, car rentals, cruises and more. To receive benefits, members must book through WyndhamRewardsInsider.com.
“The world of travel rewards is changing. People today want more than just points—they want breadth, flexibility and value they can feel across every aspect of their journey. Historically, such benefits were reserved only for the travel elite, off-limits to those without high-fee, premium credit cards. Wyndham Rewards Insider flips that script, putting the power back in the hands of everyday travelers—all for less than the cost of a night out.”
– Scott Strickland, Chief Commercial Officer, Wyndham Hotels & Resorts
More Than Rewards—A Whole New Way to Travel With Insider, Wyndham Rewards is redefining what a loyalty program can offer. The add-on subscription builds on the program’s award-winning foundation—known for its generous points earning, simple free night redemptions and accessible levels of status—while adding premium-style savings and benefits across nearly every aspect of travel.
Backed by a powerhouse roster of partners, including an all-new collaboration with Ticketmaster, Insider brings added value to everything from weekend getaways and Caribbean cruises to live concerts on the world’s biggest stages.
Among the many benefits of being a Wyndham Rewards Insider:
Hotels by Wyndham – Savings of 10% or more off standard rates on qualified stays at over 8,000 hotels.
– Automatic upgrade to Wyndham Rewards GOLD level membership.
– Larger points accelerator (earn 50% more points) for Gold, Platinum and Diamond members.
Savings on Flights, Cruises, Car Rentals and More – Up to 5% on domestic flights.
– Up to 15% on international flights.
– Up to 30% on cruises.
– 10% or more on car rentals.
– Up to 15% on tours and activities.
– Up to 15% on car transfers and limo services.
Entertainment and Lifestyle – Earn and redeem with Ticketmaster across 50,000+ concerts and live events.
– Exclusive ticket savings at top theme parks and aquariums—including Walt Disney World® Resort, SeaWorld® Orlando, LEGOLAND® California Resort and more.
– White-glove concierge services with access to sought-after concerts and VIP experiences.
In addition, as a Wyndham Rewards Insider, members earn Wyndham Rewards points on nearly everything booked through the platform, while also collecting partner rewards on flights, car rentals and cruises. Hotel stays, tours and activities all earn 10 Wyndham Rewards points per dollar spent, while most other qualified spend earns 1 point per dollar spent, with no cap on earnings. Qualified Ticketmaster purchases earn 2 points per dollar spent, up to 50,000 points annually.
“Bringing Ticketmaster into Wyndham Rewards is a game-changer—turning points into the most unforgettable live experiences across music, sports, theater and more. Add in all the discounts and extra points—not to mention the exclusive perks—across other categories and partners, and the value of Insider becomes undeniable. Whether you travel two nights a year or two hundred, we designed it to be the easiest travel decision you make all year.”
– Mike Shiwdin, GVP, Loyalty and Guest Engagement, Wyndham Hotels & Resorts
A Subscription that Pays for Itself To celebrate the debut of Wyndham Rewards Insider, new members who sign up between now and the end of the year will receive their first 14 months for the price of 12, plus a 7,500-point bonus—enough for a free night at thousands of Hotels by Wyndham. Add that to the average annual savings across hotels, flights, car rentals, cruises and more and the subscription easily pays for itself year after year.
For example, a family of four booking a five-night all-inclusive stay next month at Wyndham Alltra Samana—with roundtrip airfare, private transfers and a full-day excursion—can save over $850 if booked as a Wyndham Rewards Insider.1 But the savings don’t stop there, even smaller trips add up. A couple booking a three-night trip to Orlando in January—including a stay at Wyndham Lake Buena Vista, roundtrip airfare, rental car and 3-day park hopper tickets to Walt Disney World® Resort—can save more than $580.2
The Most Generous Hotel Rewards Program Consistently celebrated for both its simplicity and generosity, Wyndham Rewards continues to stand out in a crowded loyalty landscape by keeping things refreshingly straightforward. Members earn a minimum 1,000 points with every qualified stay, while three simple free night redemption tiers, starting at just 7,500 points per night, help ensure rewards aren’t only easy to earn, but easy to use.
What’s more, the program offers the fastest path to elevated status, kicking in after just five nights of stays, and continues to add new partners and features. Earlier this year, the program introduced Wyndham Rewards Experiences, a new experiential platform powered by some of the world’s most iconic sports and entertainment brands such as Madison Square Garden, Radio City Music Hall and Caesars Rewards. Through Wyndham Rewards Experiences members can turn their points into extraordinary moments, like VIP access to the sold-out Vans Warped Tour.
To learn more about Wyndham Rewards Insider, including how to sign-up as well as full terms and conditions, visit WyndhamRewardsInsider.com. Subscription auto-renews annually and may be easily cancelled via the Wyndham Rewards Insider website or by calling (800) 805-5194 at least one day prior to renewal date. Upon cancellation, members may continue to use benefits through the end of their subscription term.
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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 120 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 more than 60,000 hotels, vacation club resorts and vacation rentals globally, no other hotel rewards program is more generous. Join for free at WyndhamRewards.com.
1Example based on rates shopped on October 15, 2025, for a five-night stay at Wyndham Alltra Samana, Dominican Republic, for a family of four in a standard garden view double room. Airfare pricing based on roundtrip economy flights on Air Canada (1-stop) from Los Angeles (LAX) to Punta Cana (PUJ) with private roundtrip third-party airport transfer via SUV. Hotel savings calculated by comparing Wyndham Rewards Insider rates versus standard room rates on WyndhamRewards.com at time of shopping. All other savings calculated by comparing Wyndham Rewards Insider rates to lowest available direct rates with travel partner at time of shopping. Total trip price if booked as a non-Wyndham Rewards Insider: $8,066.88 USD. Total trip price if booked as a Wyndham Rewards Insider: $7,215.53. Rates are subject to change and may vary by travel dates, location and availability.
2 Example based on rates shopped on October 15, 2025, for a three-night stay at the Wyndham Lake Buena Vista, Orlando, for two adults in a king lake view room. Airfare pricing based on roundtrip economy flights via American Airlines (direct) from Boston (BOS) to Orlando (MCO). Total hotel savings calculated by comparing Wyndham Rewards Insider rates versus standard room rates on WyndhamRewards.com at time of shopping. All other savings calculated by comparing Wyndham Rewards Insider rates to lowest available direct rates with travel partner at time of shopping. Total trip price if booked as a non-Wyndham Rewards Insider: $4,400.61 USD. Total trip price if booked as a Wyndham Rewards Insider: $3,816.89. Rates are subject to change and may vary by travel dates, location and availability.
Members can now earn up to 5 Wyndham Rewards points per dollar spent at participating U.S. restaurants plus a 1,000-point Welcome Bonus thanks to Dine Out with Wyndham Rewards
PARSIPPANY, N.J. (September 30, 2025) – Wyndham Rewards®, the award-winning loyalty program of Wyndham Hotels & Resorts, today unveiled Dine Out with Wyndham RewardsSM, a new way for members to earn points every time they eat out. Live now, the program lets members earn up to 5 points per dollar spent on qualified dine-in and takeout purchases at more than 20,000 restaurants across the U.S.
To celebrate the launch, now through the end of the year, Wyndham Rewards members who spend $25 and complete a review of their first dining experience within the first 30 days of sign up will receive 1,000 bonus points. (See here for welcome offer terms.)
“Dining is one of life’s everyday pleasures, and now it’s also one of the easiest ways for our members to get closer to their next getaway. From a quick coffee run to a night out with friends, Dine Out with Wyndham Rewards turns everyday meals into meaningful rewards—helping members earn free nights, access VIP experiences, and enjoy more of what they love.”
Getting started with Dine Out with Wyndham Rewards is simple. Members can sign up for free at dineout.wyndhamrewards.com, where they’ll then be asked to link a preferred credit or debit card. From there, members can browse thousands of participating local restaurants and bars, then dine in or order takeout as usual. When members pay with their linked card, they’ll automatically earn up to 5 Wyndham Rewards points for every dollar spent on qualifying purchases, including tax and tip.
Everyday Travel, More Rewarding The launch of Dine Out with Wyndham Rewards is the latest in a series of new offerings and benefits designed to make travel with Wyndham more rewarding. Earlier this summer, members gained access to Wyndham Rewards Experiences, unlocking the ability to redeem points for VIP concerts, sporting events, and exclusive activities while more recently, a new partnership between Wyndham and Grubhub brought on-demand dining to nearly 6,000 U.S. hotels, complete with six months of complimentary Grubhub+ membership benefits.
Dine Out with Wyndham Rewards is only available in the U.S. and requires a free membership with Wyndham Rewards to unlock benefits. To learn more, including full terms and conditions, visit dineout.wyndhamrewards.com.
ENDS
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 120 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 more than 60,000 hotels, vacation club resorts and vacation rentals globally, no other hotel rewards program is more generous or offers members more places to stay. Join for free at WyndhamRewards.com.
About Rewards Network
Rewards Network is a leading provider of marketing and financing solutions that helps restaurants attract and retain customers through powerful rewards programs. The company powers some of the largest dining rewards programs in the United States, connecting restaurants with millions of engaged diners through partnerships with many of the largest consumer brands in travel, consumer apps, and financial services. Rewards Network’s unique platform combines data-driven marketing, enterprise quality analytics, customer insights, and flexible funding solutions to help restaurants grow their business. For more information, visit RewardsNetwork.com.
SINGAPORE (September 10, 2025) – Wyndham Rewards®, the #1 hotel loyalty program as named by readers of USA TODAY, has added KrisFlyer, the lifestyle rewards program of the Singapore Airlines Group, to its roster of point transfer partners, giving its approximately 120 million enrolled members new ways to unlock added value from their membership.
Under the partnership, Wyndham Rewards members can now choose to earn KrisFlyer miles on qualified hotel stays in lieu of Wyndham Rewards points (earn 1 mile per USD $1 spent) or convert existing points into KrisFlyer miles, starting from 6,000 points for 1,200 miles. Once converted, miles can be used toward flights, cabin upgrades, and more.
“Today’s travelers want more than points—they want a global rewards currency that gives them the freedom to travel where, when and how they choose. As Wyndham expands with new hotels around the world, it’s essential we do the same with Wyndham Rewards. Our partnership with KrisFlyer—now one of more than a dozen point transfer partners—is yet one more way for members to turn their everyday hotel stays into flights, upgrades, and experiences on their own terms.”
Consistently celebrated for both its simplicity and generosity, Wyndham Rewards continues to stand out in a crowded loyalty landscape by keeping things refreshingly straightforward. Members earn a minimum 1,000 points with every qualified stay, while three simple free night redemption tiers, starting at just 7,500 points per night, help ensure rewards aren’t only easy to earn, but easy to use.
What’s more, the programme offers that fastest path to elevated status—kicking in after just five nights of stays—and continues to add new partners and program features, making membership even more rewarding. Earlier this year, the program introduced Wyndham Rewards Experiences, a new experiential platform allowing members to turn their points into extraordinary moments, like VIP access to the sold-out Vans Warped Tour, via dynamic auctions as well as fixed-point rewards.
To learn more, or to join the program for free, visit WyndhamRewards.com.
ENDS
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 120 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 more than 60,000 hotels, vacation club resorts and vacation rentals globally, no other hotel rewards program is more generous or offers members more places to stay. Join for free at WyndhamRewards.com.
About KrisFlyer
KrisFlyer has evolved from being an airline loyalty programme to an industry-leading lifestyle-centric rewards programme. Today, it has over 10 million members who benefit from wide-ranging accrual and redemption opportunities both on the ground and in the air. Members can not only earn and redeem miles on their flights on Singapore Airlines, Scoot, Star Alliance member airlines, and SIA partner carriers, but also through everyday spend with more than 1,700 non-airline brands. KrisFlyer members may also earn or redeem miles with award-winning e-commerce arm KrisShop, and enjoy a broad range of shopping, dining, and wellness experiences with partners on Kris+, the SIA Group’s rewards and lifestyle mobile app, and when they book activities in Singapore and selected countries on Pelago, SIA’s travel experiences platform.
Wyndham Rewards Earner® Card retains ranking as Best Hotel Credit Card
PARSIPPANY, N.J. (August 11, 2025) – For the eighth year in a row, Wyndham Rewards®, the world’s most generous hotel rewards program spanning more than 60,000 hotels, vacation club resorts and vacation rentals worldwide, has been voted the #1 hotel loyalty program by readers of USA TODAY. The Wyndham Rewards Earner® Card was also named Best Hotel Credit Card for the seventh consecutive year.
Part of USA TODAY’s 10Best Readers’ Choice Awards, where nominees are curated by a panel of travel industry experts and winners are selected by popular vote, the wins are just the latest in a growing list of accolades for Wyndham Rewards. Earlier this year, NerdWallet named Wyndham Rewards the industry’s most valuable hotel rewards program—offering close to $12 back in rewards for every $100 spent—while for more than a decade, U.S. News & World Report has named it one their top rewards programs, noting the breadth of the Wyndham’s redemption portfolio and the speed and ease of earning a free night.
“Year after year, travelers recognize Wyndham Rewards for what it is: a program built to deliver unmatched value, ease, and reach. Whether it’s a family road trip, a last-minute business stay, or a long-awaited getaway, we’re proud to be the program making everyday travel more rewarding. Congratulations to our team members, to our franchisees and to our partners—without you and your teams, honors like these simply wouldn’t be possible.”
– Scott Strickland, Chief Commercial Officer, Wyndham Hotels & Resorts
The Most Generous Hotel Rewards Program With approximately 120 million enrolled members globally, Wyndham Rewards continues to stand out in a crowded loyalty landscape by keeping things refreshingly straightforward. Members earn a minimum 1,000 points with every qualified stay, while three simple free night redemption tiers, starting at just 7,500 points per night, help ensure rewards aren’t only easy to earn, but easy to use.
But it doesn’t stop with free nights. Wyndham Rewards also offers the industry’s most accessible levels of status—kicking in after just five nights of stays—and continues to add new partners and program features, making membership even more rewarding. For example, the recently introduced Wyndham Rewards Experiences lets members use their points to bid on one-of-a-kind events—like VIP access to the sold-out Vans Warped Tour—while Wyndham Rewards Travel Bundles makes it easy to earn and redeem points across hotel stays, flights, cruises, rental cars, and a wide variety of tours and activities.
Credit Cards Built for Road Warriors Wyndham Rewards gets even better with its lineup of co-branded credit cards, issued in partnership with Barclays: the Wyndham Rewards Earner® Card, Earner Plus® Card, and the Earner Business® Card—the first card from Wyndham created specifically with small business owners in mind.
Built to help maximize points earned on the road as well through everyday purchases, the award-winning cards offer up to 8x points on gas and stays at Wyndham hotels, up to 5x points on marketing, advertising, and utility purchases (Earner Business only) and up to 4x points on dining and groceries. What’s more, cardholders also enjoy a range of travel-friendly perks—like automatic elite status, anniversary bonuses, and no foreign transaction fees.
For a limited time, new cardholders can earn up to 90,000 points, enough for up to 12 free nights, when they apply and meet the qualifying spend requirements. (See here for full details, including terms and conditions.)
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 USA Today. Program members—approximately 120 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 more than 60,000 hotels, vacation club resorts and vacation rentals globally, no other hotel rewards program is more generous or offers members more places to stay. Join for free at WyndhamRewards.com.
One million Wyndham Rewards points being given away every day as fan-favorites like Club Wyndham Beach and the Wyndham Rewards Earner Card Lounge make their much-anticipated return to Sedgefield
GREENSBORO, N.C. (Jul. 31, 2025) – Ever dreamed of turning your love of golf into a Wyndham Rewards million-point windfall? This week’s Wyndham Championship, which tees off today at historic Sedgefield Country Club, might just be your shot.
Widely recognized for being among the PGA TOUR’s most fan-friendly events of the year and the grand finale to the regular season—this year’s tournament celebrates Big Golf. Bigger Fun. We’re talking one million Wyndham Rewards points being given away every day, beach vibes on the fairway, and so much vacation energy you’ll be asking, “when’s my next getaway?”
“For us, the Wyndham Championship isn’t just about hosting unforgettable, edge-of your seat, championship golf. It’s about giving fans an experience they’ll never forget, one meant to inspire drink-in-hand, toes-in-the-sand, ‘I want to go there now’ wanderlust. Because that’s what Wyndham Rewards is—more than 60,000 hotels, vacation club resorts and vacation rentals around the globe ready to help travelers live their bucket list. No other hotel rewards program is more generous or offers members more places to redeem.”
– Mike Shiwdin, GVP of Loyalty, Wyndham Rewards
Vacation Vibes Broadcasting nationally today through Sunday on Golf Channel and CBS, this year’s tournament once again transports fans to a tropical, vacation-themed oasis. New this year is The Sandbar—a shaded fan-friendly retreat featuring live sand sculpting—which joins returning favorites like Club Wyndham Beach, the Wyndham Rewards Earner Card Lounge, Margaritaville at the Wyndham, and the USO Patriots Outpost presented by Truist and Armed Forces Vacation Club.
But that’s not all. Wyndham Rewards is also giving fans a chance to live out their vacation dreams, giving away one million Wyndham Rewards points to one lucky winner for each day of tournament play for a total of four million points now through Sunday. Fans can enter at WyndhamRewards.com. (See here for official rules.)
What can you get with one million points? How about a month-long stay at a luxury, all-inclusive resort like the TRS Coral Costa Mujeres, a Registry Collection Hotel? Or perhaps you’d rather book the ultimate family reunion, putting you and your loved ones up for a week across four two-bedroom, two bath condos at Club Wyndham Park City—each overlooking the snowcapped mountains of Utah? With Wyndham Rewards, the choice is yours.
Wyndham Championship Fore! Good
Creating positive impact in the community is a hallmark of the Wyndham Championship and Wyndham Championship Fore! Good, the tournament’s signature philanthropic platform, allows the tournament to give back to worthy causes in central North Carolina and beyond.
Earlier this week, Wyndham Rewards joined the tournament and others in donating $250,000 to First Tee – Central Carolina, while also donating a combined $100,000 to the tournament’s four backpack charities: Backpack Beginnings, Forsyth Backpacks, Out of the Garden Project and United Way of Greater High Point. Helping feed children in and around central North Carolina, backpacks are packed with nutritionally-sound meals, which families take home every weekend. Just $5 can feed one child for a weekend while $150 can feed a child for an entire school year.
In addition to cash donations, Thursday through Sunday, should a PGA TOUR player make a hole-in-one on the par-3 16th hole, Wyndham Rewards will award one million points to the player and donate an additional one million points to be shared among the four charities.
Endless Travel Options, One Award-Winning Rewards Program
Proud title sponsor of the Wyndham Championship, Wyndham Rewards is the blue thread tying together some of the world’s largest and most well-known travel companies and brands: Wyndham Hotels & Resorts, the world’s largest hotel franchising company and Club Wyndham, the flagship vacation ownership brand of Travel + Leisure Co.
Consistently recognized as the #1 hotel rewards program by USA TODAY, travelers know that Where There’s a Wyndham, There’s a Waysm. Members earn a guaranteed 1,000 points with every qualified stay and can redeem points towards free nights at more than 60,000 hotels, vacation club resorts and vacation rentals around the world or a host of other rewards like tours, activities, gift cards, shopping and more.
The Wyndham Championship runs through Sunday, Aug. 3. Teachers, first responders and members of the military are invited to attend for free along with a guest after submitting proper registration. Wyndham Rewards Earner Cardmembers receive special on-site perks including 25% off tickets, concessions, and merchandise; free parking; and exclusive access to the Wyndham Rewards Earner Card Lounge. To learn more about the Wyndham Championship, purchase tickets or register for free tickets, visit www.wyndhamchampionship.com.
1NO PURCHASE NECESSARY. Internet access & valid email address required. Sweepstakes begins July 31, 2025 @ 12:00:00 a.m. ET and ends August 3, 2025 @ 11:59:59 p.m. ET. Open only to legal U.S. residents 18+ or age of majority in their jurisdiction of residence. Free Wyndham Rewards account required to claim prize. Void where prohibited. See Official Rules at https://www.wyndhamrewards.com/championship for entry, prizes, odds of winning and full details. Sponsor: Wyndham Hotel Group, LLC , Parsippany, NJ 07054. PGA TOUR Enterprises, LLC and the Wyndham Championship tournament are not sponsors or administrators of the Sweepstakes.
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About Wyndham Rewards Proud title sponsor of the Wyndham Championship, Wyndham Rewards® is the blue thread tying together some of the world’s largest and most well-known travel companies and brands: Wyndham Hotels & Resorts, the world’s largest hotel franchising company and Club Wyndham®, the flagship vacation ownership brand of Travel + Leisure Co. Recognized as the #1 hotel rewards program by USA Today, members—approximately 120 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 more than 60,000 hotels, vacation club resorts and vacation rentals globally, no other hotel rewards program is more generous or offers more places to stay. Join for free at WyndhamRewards.com.
About the Wyndham Championship
Contested annually on the Donald Ross-designed golf course at Sedgefield Country Club in Greensboro, N.C., the Wyndham Championship was founded in 1938 and is the seventh-oldest event on the PGA TOUR, excluding the Majors. As the last tournament of the regular season, it sets the 70-player field for the FedExCup Playoffs. The tournament thanks title sponsor Wyndham Rewards and presenting sponsor Truist for their continued support. Additional tournament information is available at WyndhamChampionship.com and the tournament’s social media channels (@WyndhamChamp) on Facebook, X, Instagram and LinkedIn pages.
Five Ovolo hotels in Australia and Hong Kong to join Wyndham’s portfolio later this year
SINGAPORE (July 29, 2025) – Wyndham Hotels & Resorts and Ovolo Group have announced a strategic partnership that, in the coming months, will see five Ovolo hotels across Australia and Hong Kong join the Wyndham hotel brand. Under the deal—which marries Ovolo’s boutique appeal with Wyndham’s global reach and best in class infrastructure—Ovolo Group will continue to own and manage the Ovolo brand while exclusively working with Wyndham to unlock additional development opportunities throughout Asia Pacific.
The collaboration between Wyndham and Ovolo, a pioneer of the lifestyle hotel movement in Asia Pacific, comes amid booming consumer demand for experiential travel—valued by McKinsey as a $1 trillion USD opportunity globally—driven largely by younger travelers, including Gen Z.
“This partnership marks a significant milestone for Wyndham, further expanding our upscale presence in the Asia Pacific region by combining Ovolo’s strengths in the lifestyle segment with our extensive global network. The future of travel isn’t about sameness—it’s about spaces with soul, brands with a point of view and experiences that don’t blur into the background.”
– Joon Aun OOI, President of Wyndham Hotels & Resorts Asia Pacific
“Ovolo isn’t just a hotel brand, it’s a lifestyle, a creative force that fuses fashion, art, music and entertainment. Since 2010, we’ve built a bold, culture-led brand that disrupts the cookie-cutter hotel experience. Now through our partnership with Wyndham, we’re flipping the script to unlock bold new growth opportunities by franchising a lifestyle brand without diluting its DNA. Wyndham is a global leader in hotel franchising—with the scale, infrastructure, and expertise to help us grow with intention and impact. Just as importantly, Ovolo brings something different—an edge and energy that complements Wyndham’s presence in the upscale lifestyle market.”
– Shivang Jhunjhnuwala, Chief of Staff, Ovolo Group
As part of the partnership, five existing Ovolo hotels, representing over 450 rooms, located in Sydney, Brisbane, Canberra, Melbourne, and Hong Kong, are expected to officially become part of Wyndham’s global portfolio later this fall. Each will be integrated into Wyndham’s world-class sales, marketing and distribution platforms, extending their reach while creating new commercial opportunities.
The five Ovolo hotels will also participate in the Wyndham Rewards® loyalty program, giving approximately 120 million enrolled members the opportunity to explore Ovolo’s vibrant, unconventional hospitality in new lifestyle destinations around the globe.
Every Ovolo hotel is a testament to the brand’s service ethos of FUN (fabulous, unconventional, never boring)—featuring bold design, immersive art and music, and memorable experiences like nightly Apéro hour. Among the locations slated to join the Wyndham portfolio:
Ovolo Central, a Wyndham Hotel Ideally located in the heart of Hong Kong’s central district, near Lan Kwai Fong and SOHO, Ovolo Central is a 41-room boutique hotel that puts guests at the crossroads of the city’s legendary nightlife and dining scene. Rooms are spacious and design-forward, with an emphasis on modern amenities and natural light.
Ovolo Nishi, a Wyndham Hotel Nestled in the central business district of Canberra, Australia’s capital, Ovolo Nishi is a both stylish and quirky. Conveniently located steps from great shops, cafes and restaurants, the hotel is known for its eye-catching art and visually stimulating spaces. That includes each of its 85 guestrooms, which feature thoughtful amenities mixed with unique design and hand-picked, vintage pieces.
Ovolo South Yarra, a Wyndham Hotel Set in Melbourne’s fashionable South Yarra neighborhood, Ovolo South Yarra is an elevated take on pure seventies glamour. Step into one of the hotel’s 123-rooms and you’ll find contemporary conveniences paired with mid-century flair, including bold artwork, chrome finishes and vintage touches. Minutes from the city’s best bars, boutiques and late-night spots, it’s an ideal launchpad for anyone looking to unlock and discover all Melbourne has to offer.
Ovolo The Valley, a Wyndham Hotel Situated in Brisbane’s lively Fortitude Valley, the 103-room Ovolo The Valley is a multi-award-winning space celebrating art, music and Valley culture. Retro modern rooms combine stylish décor with artistic touches while some of the city’s hottest music venues, bars, galleries and cafes sit just outside the hotel’s front door.
Ovolo Woolloomooloo, a Wyndham Hotel Located on the historic Finger Wharf in Sydney, Ovolo Woolloomooloo is a 100-room waterfront hotel combining stunning views with laid-back wharf living—all just minutes from some of Sydney’s most iconic attractions. Rooms are big, bright, and come packed with modern essentials—making them a welcome retreat after a long day exploring the Emerald City.
Wyndham’s growth in Asia Pacific is powered by the Wyndham Advantage—a combination of world-class marketing, distribution and other resources designed to put owners on the path to success. Inclusive of nearly $350 million in innovative technology investments since 2018, owners have access to best-in-class technology from industry-leading providers, including next-gen property management systems, as well as the industry’s #1 rated hotel rewards program as named by readers of USA Today.
To learn more, including franchise development opportunities, visit WyndhamDevelopment.com.
ENDS
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 approximately 847,000 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 120 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 development, growth and anticipated travel demands in Asia Pacific. 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; 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 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 Raises Full-Year 2025 EPS Outlook
Grows Development Pipeline by 5% and System Size by 4%
PARSIPPANY, N.J. (July 23, 2025) – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended June 30, 2025. Highlights include:
System-wide rooms grew 4% year-over-year.
Awarded 229 development contracts globally, an increase of 40% year-over-year.
Development pipeline grew 1% sequentially and 5% year-over-year to a record 255,000 rooms.
Ancillary revenues increased 19% compared to second quarter 2024 and 13% on a year-to date basis.
Diluted earnings per share increased 6% year-over-year to $13; adjusted diluted EPS grew 18% to $1.33, or 11% on a comparable basis.
Net income increased 1% year-over-year to $87 million; adjusted net income increased 13% to $103 million, or 7% on a comparable basis.
Adjusted EBITDA increased 10% year-over-year to $195 million, or 5% on a comparable basis.
Returned $109 million to shareholders through $77 million of share repurchases and quarterly cash dividends of $0.41 per share.
“We delivered another solid quarter growing our global system by 4%, expanding our development pipeline by 5%, increasing our ancillary revenues by 19%, and continuing to execute our strategy focused on higher FeePAR segments and markets, which is driving growth in both domestic and international royalty rates,” said Geoff Ballotti, president and chief executive officer. “Record first-half openings and a 40% second quarter increase in new contracts awarded reflect strong developer confidence in Wyndham’s powerful, owner-first value proposition. Amid a softer domestic RevPAR environment, we grew comparable adjusted EBITDA by 5% and comparable adjusted EPS by 11%. We also returned nearly $110 million to shareholders this quarter — continuing to demonstrate the value-creating power of our highly cash-generative, resilient asset-light business model. With consistent development, royalty rate, and ancillary fee growth, we remain very confident in our ability to create long-term value for our shareholders, franchisees, and team members through the enduring appeal of our iconic brands.”
Revised International Reporting Basis As part of a recent operational review, the Company identified violations of its Super 8 master license agreement in China and issued a notice of default to the master licensee. Given the operational challenges of obtaining accurate information from this master licensee and the uncertain outcome of the compliance process, beginning this quarter, the Company has revised its reporting methodology to exclude the impact of all rooms (approximately 67,300 rooms as of March 31, 2025) under this 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.
To provide further context, the following table reflects the impact on the Company’s global growth metrics as a result of the exclusion of its Super 8 master license agreement in China:
The Company’s global system grew 4% including 3% growth in the higher RevPAR midscale and above segments in the U.S. and 5% growth in the higher RevPAR EMEA and Latin America regions.
On June 30, 2025, the Company’s pipeline consisted of approximately 2,150 hotels and 255,000 rooms, representing another record-high level and a 5% year-over-year increase. Key highlights include:
Awarded 229 new contracts, an increase of 40% year-over-year.
6% pipeline growth in the U.S. and 4% growth internationally
Approximately 70% of the pipeline is in the midscale and above segments, which grew 5% year-over-year
Approximately 17% of the pipeline is in the extended stay segment
Approximately 58% of the pipeline is international
Approximately 76% of the pipeline is new construction and approximately 35% of these projects have broken ground
RevPAR
Second quarter global RevPAR decreased 3% in constant currency compared to 2024, reflecting a 4% decline in the U.S. and 1% growth internationally.
In the U.S., second quarter results included approximately 150 basis points of unfavorable impacts from the timing of the Easter holiday and the 2024 solar eclipse. Excluding these impacts, the Company’s U.S. RevPAR declined approximately 2.3% year-over-year, driven by softer demand, partially offset by a modest increase in pricing.
Internationally, RevPAR results were driven by continued pricing power, offset by a decline in occupancy. The Company continued to see strong performance in its EMEA and Latin America regions, with year-over-year growth of 7% and 18%, respectively, reflecting robust pricing power in both regions. The Company’s Canada region grew RevPAR by 7% reflecting increased room nights from Canadian guests. In China, RevPAR decreased 8% year-over-year reflecting a decline in occupancy and continued pricing pressure.
Second Quarter Operating Results The comparability of the Company’s second 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 grew 8% to $397 million compared to $366 million in second quarter 2024, which reflects a 19% increase in ancillary revenues, higher royalties and franchise fees, as well as higher pass-through revenues due to the Company’s global franchisee conference in May.
The Company generated net income of $87 million, a 1% increase compared to second quarter 2024, as higher adjusted EBITDA and lower transaction-related expenses were partially offset by the absence of a benefit in connection with the reversal of a spin-off related matter, higher restructuring costs, and increased interest expense. Adjusted net income grew 13% to $103 million compared to $91 million in second quarter 2024.
Adjusted EBITDA grew 10% to $195 million compared to $178million in second quarter 2024. This increase included an $8 million favorable impact from marketing fund variability, excluding which adjusted EBITDA grew 5% on a comparable basis, primarily reflecting increased ancillary revenues, as well as higher royalties and franchise fees, partially offset by higher operating expenses primarily related to growth in the Company’s credit card program and the absence of a benefit from insurance recoveries.
Diluted earnings per share increased 6% to $13 compared to $1.07 in second quarter 2024. This increase primarily reflects the benefit of a lower share count due to share repurchase activity.
Adjusted diluted EPS grew 18% to $1.33 compared to $1.13 in second quarter 2024. This increase included a favorable impact of $0.07 per share related to marketing fund variability (after estimated taxes). On a comparable basis, adjusted diluted EPS increased approximately 11% year-over-year, reflecting comparable adjusted EBITDA growth, the benefit of share repurchase activity and lower depreciation and amortization, partially offset by higher interest expense.
During second quarter 2025, the Company’s marketing fund revenues exceeded expenses by $3 million; while in second quarter 2024, the Company’s marketing fund expenses exceeded revenues by $5 million, resulting in $8 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 $70 million of net cash provided by operating activities and $88 million of adjusted free cash flow in second quarter 2025. The Company ended the quarter with a cash balance of $50 million and approximately $580 million in total liquidity.
The Company’s net debt leverage ratio was 3.5 times at June 30, 2025, the midpoint of the Company’s 3 to 4 times stated target range and in line with expectations.
Share Repurchases and Dividends During the second quarter, the Company repurchased approximately 923,000 shares of its common stock for $77 million.
The Company paid common stock dividends of $32 million, or $0.41 per share, during the second quarter 2025.
Full-Year 2025 Outlook The Company is increasing its adjusted diluted EPS outlook to reflect the impact of second quarter share repurchase activity and increasing the low-end of its year-over-year rooms growth outlook by 40 basis points to reflect the removal of the dilutive impact from its Super 8 master licensee in China.
The Company continues to expect marketing fund revenues to approximate expenses during full-year 2025 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, July 24, 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 July 24, 2025. A telephone replay will be available for approximately ten days beginning at noon ET on July 24, 2025 at 800 723-8184.
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 approximately 847,000 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 120 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 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.
Hotel team members and guests can now enjoy six complimentary months of Grubhub+, unlocking $0 delivery fees on eligible orders and other exclusive perks when ordering food, groceries and everyday essentials
PARSIPPANY, N.J. and CHICAGO (July 17, 2025) – Wyndham hotel team members and guests can now get everything from tacos to toothpaste delivered right to their doorstep—all with $0 delivery fees and other perks—thanks to a new partnership between Wyndham Hotels & Resorts and leading online and mobile food-ordering and delivery platform, Grubhub.
Available now across Wyndham’s entire U.S. portfolio—nearly 6,000 hotels spanning 20 brands—ordering is as simple as opening the Grubhub app while on-site at a participating hotel or simply scanning one of the Grubhub QR codes featured on hotel marketing materials (where available).
Once connected, team members and guests are taken through a branded digital experience allowing them to activate a complimentary six-month Grubhub+ membership, which unlocks $0 delivery on eligible orders, lower service fees and a 5% credit back on pickup orders.
“Travel should be enjoyable, not stressful—and that’s exactly what Grubhub helps deliver. Whether it’s a late-night craving, forgotten essentials, or a last-minute need like a phone charger, anyone at one of our hotels can now get what they need, when they need it. With the added perks of Grubhub+, convenience and comfort are just a few taps away.”
“Wyndham has one of the largest footprints of any major hotel company in the U.S. Together, we’re elevating the on-property experience, delivering seamless convenience for not only the the hundreds of thousands of guests that walk through their doors every year, but also the tens of thousands of hotel team members who make those hotel stays possible.”
– Rob DelaCruz, VP and General Manager, Campus and Hospitality, Grubhub
Wyndham brands include well-known household names like Days Inn® by Wyndham, Super 8® by Wyndham and La Quinta® by Wyndham, among others. The company’s rewards program, Wyndham Rewards®, is ranked #1 in the industry by readers of USA Today, seven years running.
Complimentary Grubhub+ membership requires a Grubhub account to activate. No credit card is required to opt-in and membership will not auto-renew. Offer available for a limited time only for qualifying hotel team members and guests at participating Wyndham Hotel & Resorts properties. Additional fees (including service fees) still apply on orders. For more details and terms, visit grubhub.com/plus.
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About Grubhub Grubhub is a leading U.S. ordering and delivery marketplace dedicated to connecting customers with their favorite local restaurants, merchants and convenience retailers. Grubhub elevates online ordering through innovative restaurant technology, easy-to-use platforms, and an improved delivery experience. Part of Wonder Group, Grubhub features over 400,000 merchants in more than 4,000 U.S. cities.
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 9,300 hotels across over 95 countries on six continents. Through its network of approximately 907,000 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 over 115 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.
“Where There’s a Wyndham, There’s a Way” unites Company’s global
portfolio of brands with its top-rated rewards program, Wyndham Rewards
PARSIPPANY, N.J. (June 11, 2025) – Wyndham Hotels & Resorts is tapping into the power of simplicity and scale this summer with an all-new ad campaign, Where There’s a Wyndham, There’s a Way. Rooted in themes of accessibility, convenience, and authenticity, the campaign positions Wyndham as a trusted travel partner while uniting its 25 brands and top-rated rewards program under a single, cohesive voice and tagline—a first for the Company.
Created in partnership with Havas New York and produced by Annex 88, Where There’s a Wyndham, There’s a Way is more than just a clever phrase—it’s a narrative that taps into the emotion and spontaneity of real-world travel. Whether it’s an ambitious aunt racing across three states in one weekend to make milestone family events or a beach-bound couple chasing sunsets and savings, the campaign reinforces that Wyndham has your back, wherever you may be headed this summer, with approximately 9,300 hotels across 25 brands.
“This campaign is more than a new tagline, it celebrates what Wyndham does best: making hotel travel possible for all. From road trips and family reunions to beach getaways and golf escapes, we want travelers looking to Wyndham, knowing that no matter the destination, no matter the budget: Where There’s a Wyndham, There’s a Way.”
“Where There’s a Wyndham, There’s a Way is a super flexible platform that allows us to tell a variety of stories that will ring true for our everyday travelers. Whether you’re interested in using your Wyndham Rewards points earned from business travel for a much-needed personal trip or being able to retain your “World’s Greatest Aunt” status by being there for your nieces and nephews, there’s no shortage of relatable travel situations we can message.”
– Dan Lucey, Co-CEO and Chief Creative Officer, Havas New York
A Hero Spot Grounded in Real-Life Wyndham’s newest campaign kicks off with a 30-second hero spot titled “World’s Greatest Aunt,” showcasing a determined woman crisscrossing states to attend three family events—all with help from Wyndham’s extensive hotel portfolio and loyalty perks. It’s a funny, heartfelt ode to the everyday heroics of travelers and a microcosm of the broader campaign message.
The spot leans into grounded storytelling and humor while reflecting the range of Wyndham’s customer base. The execution also strikes a balance between aspiration and realism, avoiding over-polished travel tropes in favor of something more familiar and attainable.
A Media Strategy as Wide-Ranging as Wyndham True to its 360-degree ambition, the campaign spans broadcast, connected TV, social media, digital video, display, audio, and out-of-home. Custom content partnerships and mid-summer experiential activations will further extend the campaign’s reach and relevance, particularly at key travel planning moments.
The campaign is also supported by smart data targeting, ensuring creative is tailored to travelers’ preferences—from quick weekend getaways to longer road trips. It’s all in service of positioning Wyndham not just as a collection of brands, but as a trusted travel partner.
Building Brand Love, Driving Bookings Further unifying the campaign is messaging connecting to Wyndham Rewards®, Wyndham’s award-winning loyalty program, ranked #1 by both USA Today and U.S. News & World Report, and the benefits of the program. For example, the hero spot, “World’s Greatest Aunt,” focuses on the character’s emotional journey and demonstrates how Wyndham Rewards plays a crucial role in helping her get there. Whether it’s a planned free night’s stay or points that make an impromptu detour possible, the spot illustrates how the program offers real, usable benefits that support meaningful travel—be it planned or spontaneous.
Wyndham Rewards has more than 115 million enrolled members globally and is consistently recognized for being more generous and offering more places to redeem—over 60,000 hotels, vacation club resorts and vacation rentals globally—than any other major hotel rewards program. To learn more, or join for free, visit WyndhamRewards.com.
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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 9,300 hotels across over 95 countries on six continents. Through its network of approximately 907,000 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 over 115 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.
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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.
