Company Raises Full-Year 2026 RevPAR, Adjusted EBITDA and EPS Outlook
Grows System Size by 4% and U.S. RevPAR by 6%
PARSIPPANY, N.J., October 21, 2026 – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended September 30, 2026. Highlights include:
Global RevPAR grew 2% compared to third quarter 2025 in constant currency, a 4% improvement sequentially.
S. RevPAR grew 6% year-over-year, a 4% improvement sequentially.
Development pipeline grew 4% year-over-year, excluding Revo, to a record of approximately 264,000 rooms, carrying a FeePAR premium of approximately 30% to existing domestic and international systems.
Net income was $99 million and diluted EPS was $33.
Adjusted EBITDA was $207 million and adjusted diluted EPS was $1.43.
Net cash provided by operating activities was $93 million and free cash flow was $100
Returned $123 million to shareholders through $91 million of share repurchases, a 30% increase year-over-year, and quarterly cash dividends of $0.43 per share.
“Our third quarter results demonstrate our team’s continued execution and the strength of Wyndham’s asset-light, highly cash-generative business model,” said Geoff Ballotti, President and Chief Executive Officer. “We delivered broad-based U.S. RevPAR growth outperforming our initial expectations, as well as market share gains. Additionally, we grew our system and development pipeline each by 4% and increased royalties and franchise fees by 6%, as we continued to invest in industry-leading technology, loyalty and distribution initiatives that support franchisee profitability and customer satisfaction. Our strong balance sheet and cash flow generation capabilities provide significant opportunities to continue enhancing returns to our shareholders over both the short and long-term, as evidenced by our Board of Directors’ approval of a $400 million increase in our share repurchase authorization.”
Operating Results Highlights
The comparability of the Company’s third quarter results is impacted by marketing fund variability. In the third quarter of 2026, marketing fund revenues exceeded expenses by $1 million, while revenues exceeded expenses by $18 million in the third quarter of last year.
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.
Net revenues increased 7% to $410 million compared to $382 million in the third quarter of 2025, reflecting RevPAR and global net rooms growth, higher franchise fees, increased ancillary revenues and revenues from the Company’s two owned hotels.
Net income decreased 6% to $99 million compared to $105 million in the third quarter of 2025, primarily reflecting lower adjusted EBITDA. On a comparable basis, adjusted net income increased approximately 7% year-over-year primarily reflecting comparable basis adjusted EBITDA growth.
Adjusted EBITDA decreased 3% to $207 million compared to $213 million in the third quarter of 2025. On a comparable basis, adjusted EBITDA increased 5% primarily reflecting higher revenues, partially offset by the timing of variable costs and the lapping of one-time variable cost reductions made during the third quarter of 2025.
Diluted EPS decreased 2% to $33 compared to $1.36 in the third quarter of 2025, which reflects lower net income, partially offset with share repurchase activity.
Adjusted diluted EPS decreased 2% to $1.43 compared to $1.46 in the third quarter of 2025. On a comparable basis, adjusted diluted EPS increased approximately 9% year-over-year primarily reflecting a comparable basis increase in adjusted EBITDA and the benefit of share repurchase activity.
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.
RevPAR
In the U.S., RevPAR improved 6% year-over-year and 4% sequentially, reflecting improved occupancy and ADR levels. Performance was broad-based across nearly all regions, highlighting the sustained strength across the Midwest and continued year-over-year and sequential growth in Texas, Florida and California.
Internationally, constant currency RevPAR declined 3% year-over-year, yet improved 4% sequentially, including year-over-year growth of 7% in Canada reflecting continued pricing and demand strength, while 5% growth in Southeast Asia and the Pacific Rim was driven by favorable ADR trends. Latin America increased 2% year-over-year and 9% sequentially primarily driven by Mexico, with favorable ADR trends and a resilient urban portfolio. EMEA increased 2% year-over-year driven by strong performance in Turkey, India and Spain and 8% sequentially reflecting recovery in Germany and stabilization across the Middle East. Growth in these regions was offset by China, where RevPAR declined 10% year-over-year as softer travel demand, particularly in Tier 2 cities, continued to pressure performance.
System Size and Development
The Company’s global system, excluding Revo, grew 4%. The Company’s U.S. system grew 2% in the higher RevPAR midscale and above segments. International growth of 11% year-over-year, excluding Revo, included 12% direct-franchised growth in the Company’s Asia Pacific region and 13% growth in the Company’s higher RevPAR EMEA and Latin America regions.
As of September 30, 2026, the Company’s global development pipeline, excluding Revo, increased 4% vs. prior-year to a record-high of approximately 264,000 rooms and over 2,200 hotels. Key highlights of the Company’s pipeline include:
2% growth in the U.S. and 5% growth internationally, excluding Revo
Approximately 69% is in the midscale and above segments
Approximately 17% is in the extended stay segment
Approximately 42% is in the U.S.
Approximately 78% is new construction and approximately 35% of these projects have broken ground; rooms under construction grew 4% year-over-year
Approximately 30% FeePAR premium compared to existing domestic and international systems
Balance Sheet and Liquidity
The Company generated $93 million of net cash provided by operating activities and $100 million of free cash flow in the third quarter 2026. The Company ended the quarter with a cash balance of $71 million and $988 million in total liquidity.
The Company’s net debt leverage ratio at September 30, 2026 was 3.6 times, near the midpoint of the Company’s 3-to-4 times stated target range and in-line with expectations.
Share Repurchases and Dividends
During the third quarter, the Company repurchased approximately 1.2 million shares of its common stock for $91 million, a 30% increase year-over-year, at an average price of $73.39 per share, which represented a 5% discount to our 52-week average price. Year-to-date through September 30, the Company repurchased approximately 2.5 million shares of its common stock for $196 million. The Company’s Board of Directors recently increased the Company’s share repurchase authorization by $400 million.
The Company paid common stock dividends of $32 million, or $0.43 per share, during the third quarter 2026.
Outlook
The Company is updating its full-year outlook as follows:
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, October 22, 2026 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 22, 2026. A telephone replay will be available for approximately ten days beginning at noon ET on October 22, 2026 at 800 839-4014.
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 one of the world’s largest hotel franchising companies with approximately 8,500 hotels across approximately 100 countries on six continents. Through its network of over 877,000 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 approximately 129 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.
Expanded partnership establishes framework to build, operate and scale Sports Illustrated Resorts as a differentiated mixed-use hospitality platform
HIGHLIGHTS
A new platform for Sports Illustrated hospitality: Travel + Leisure Co. and Wyndham Hotels & Resorts are expanding their long-standing relationship through a new development partnership to scale Sports Illustrated Resorts—now to include hotels—as part of a differentiated hospitality and mixed-use development platform.
Built for developers and asset owners: The model creates flexibility to develop standalone hotels under the Sports Illustrated Resorts brand or as part of a mixed-use destination that also includes vacation ownership and/or residence offerings.
A partnership strengthened to scale Sports Illustrated Resorts: Travel + Leisure Co. brings the iconic Sports Illustrated Resorts hospitality platform, with Wyndham providing the loyalty, distribution and marketing infrastructure to help bring the concept to new markets and destinations.
ORLANDO, Fla. and PARSIPPANY, N.J. (Oct. 5, 2026) — Travel + Leisure Co. is advancing the next phase of Sports Illustrated Resorts through an expanded partnership with Wyndham Hotels & Resorts that establishes the framework to build, operate and scale hotels under Sports Illustrated Resorts as a complementary, yet differentiated, hospitality and mixed-use development platform.
First introduced by Travel + Leisure Co. in 2023, the Sports Illustrated Resorts platform spans a range of hospitality, vacation ownership and residential offerings brought together in sports-focused destinations. The partnership with Wyndham builds on that foundation—bringing the brand into the traditional hotel space through a differentiated model that pairs Travel + Leisure’s brand stewardship, mixed-use development and management expertise with Wyndham’s global scale, distribution, development engine and commercial infrastructure.
The model is designed to give developers and asset owners greater flexibility in how they bring Sports Illustrated Resorts to life, from hotel-only developments to larger mixed-use destinations that combine multiple components of the platform. Wyndham will leverage its relationships across the hotel community to help identify potential development partners and asset owners as Travel + Leisure Co. expands the business.
“Sports Illustrated Resorts is bringing the power of the Sports Illustrated brand to life through travel and hospitality, building on the brand’s legacy in sports, culture and entertainment,” said Michael Brown, President & CEO, Travel + Leisure Co. “Opening the door to traditional hotels, in partnership with Wyndham, is the next chapter for the platform, giving us new ways to extend the Sports Illustrated experience to travelers while creating distinctive opportunities for developers and asset owners. We’re excited about the potential to unlock even more of what the Sports Illustrated brand can deliver in hospitality.”
“Sports Illustrated is one of the world’s most iconic lifestyle and entertainment brands, and its connection to sports creates a powerful opportunity in hospitality,” said Geoff Ballotti, President & CEO, Wyndham Hotels & Resorts. “Together with Travel + Leisure Co., we have an opportunity to create immersive, year-round destinations across college towns and major urban markets, anchored in unique experiences, distinctive programming and premier sports-centric events. The result is a highly differentiated offering for developers looking to get into the high-yield sports tourism sector and one we believe is well-positioned to generate strong, year-round demand.”
Expanding the Sports Illustrated Resorts Platform Travel + Leisure Co. introduced Sports Illustrated Resorts in 2023 as a concept for a network of sports-themed resort and lifestyle destinations in college towns and leisure markets. From the outset, the vision contemplated a range of offerings, including vacation ownership, residential and other resort experiences designed around the Sports Illustrated brand and its nearly 70-year legacy in sports, culture and entertainment.
Since then, Travel + Leisure Co. has continued to advance the Sports Illustrated Resorts platform across a growing portfolio of sports and entertainment markets.
Sports Illustrated Resorts Nashville is now welcoming owners and guests, marking the debut of the first fully branded Sports Illustrated Resorts destination. Located on Music Row, the 185-suite resort brings the brand to life through sports-inspired amenities, social spaces and experiences designed to connect travelers with Nashville’s sports, entertainment and cultural offerings.
Additional Sports Illustrated Resorts destinations are underway in Chicago, Baton Rouge and Tuscaloosa. Chicago is currently operating in its “preseason era,” with project completion and the full brand offering expected in early 2027. Baton Rouge, the first confirmed resort to feature a hotel component, is planned for a phased opening later in 2027, while Tuscaloosa represents the brand’s first ground-up resort and is expected to open in 2028.
The expansion of Sports Illustrated Resorts into the traditional hotel space builds on a decades-long relationship between Travel + Leisure Co. and Wyndham Hotels & Resorts. That relationship extends across Travel + Leisure’s cornerstone vacation club brand, Club Wyndham, as well as experiential brands Margaritaville Vacation Club and Eddie Bauer Adventure Club, which connect with Wyndham’s thousands of hotels globally through Wyndham Rewards. With more than 126 million enrolled members, the industry’s #1 rated hotel rewards program serves as a powerful blue thread between the two companies, driving engagement, loyalty and long-term value across their portfolios.
Sports Illustrated Resorts is operated by Travel + Leisure Co. under license from Authentic Brands Group.
For more information on Sports Illustrated Resorts, including development opportunities or upcoming stays, visit SportsIllustratedResorts.com. Follow @SIResorts on Instagram.
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Travel + Leisure Co. Forward Looking Statements This press release includes “forward-looking statements” as that term is defined by the Securities and Exchange Commission (“SEC”). Forward-looking statements are any statements other than statements of historical fact, including statements regarding our expectations, beliefs, hopes, intentions or strategies about the expansion of Sports Illustrated Resorts discussed in this press release and the future. In some cases, forward-looking statements can be identified by the use of words such as “expects,” “plans,” “will,” or “bringing,” or other words of similar meaning. Forward-looking statements are subject to risks and uncertainties that could cause actual results of Travel + Leisure Co. and its subsidiaries (“Travel + Leisure Co.” or “we”) to differ materially from those discussed in, or implied by, the forward-looking statements. Factors that might cause such a difference include, but are not limited to, risks associated with: the acquisition of the Travel + Leisure brand and the future prospects and plans for Travel + Leisure Co., including our ability to execute our strategies to grow our cornerstone timeshare and exchange businesses and expand into the broader leisure travel industry; our ability to compete in the highly competitive timeshare and leisure travel industries; uncertainties related to acquisitions, dispositions and other strategic transactions; the health of the travel industry and declines or disruptions caused by adverse economic conditions (including inflation, recent tariff and other trade restrictions, higher interest rates, and recessionary pressures, travel restrictions, terrorism or acts of violence, political strife, war (including hostilities in Ukraine and the Middle East), pandemics, and severe weather events and other natural disasters; adverse changes in consumer travel and vacation patterns, consumer preferences and demand for our products; increased or unanticipated operating costs and other inherent business risks; our ability to comply with financial and restrictive covenants under our indebtedness; our ability to access capital and insurance markets on reasonable terms, at a reasonable cost or at all; maintaining the integrity of internal or customer data and protecting our systems from cyber-attacks; the timing and amount of future dividends and share repurchases, if any; and those other factors disclosed as risks under “Risk Factors” in documents we have filed with the SEC, including in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 18, 2026. We caution readers that any such statements are based on currently available operational, financial and competitive information, and they should not place undue reliance on these forward-looking statements, which reflect management’s opinion only as of the date on which they were made. Except as required by law, we undertake no obligation to review or update these forward-looking statements to reflect events or circumstances as they occur.
Wyndham Hotels & Resorts 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 regarding the potential demand, growth and scalability of the Sports Illustrated brand in connection with Wyndham’s expanded partnership with Travel + Leisure. 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.
About Travel + Leisure Co.
Travel + Leisure Co. (NYSE:TNL) is a leading leisure travel company, providing more than six million vacations to travelers around the world every year. The company operates a portfolio of vacation ownership, travel club, and lifestyle travel brands designed to meet the needs of the modern leisure traveler, whether they’re traversing the globe or staying a little closer to home. With hospitality and responsible tourism at its heart, the company’s nearly 19,000 dedicated associates around the globe help the company achieve its mission to put the world on vacation. Learn more at travelandleisureco.com.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is one of the world’s largest hotel franchising companies with approximately 8,400 hotels across approximately 100 countries on six continents. Through its network of over 873,000 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 126 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 Sports Illustrated For over 70 years, Sports Illustrated (SI) has been recognized for shaping modern culture at the intersection of sports, lifestyle, and entertainment. SI is a 360-degree platform that unites athletes, teams and fans worldwide through quality content, innovative digital experiences, unforgettable events, and original products. Its award-winning media arm brings powerful storytelling to life through probing profiles and up-to-date news on SI.com, across social media platforms, and through its renowned print magazine whose cover is widely regarded as the most coveted space in sports media. The most trusted name in sports transcends media through SI Tickets, a fan-first ticketing platform, SI Resorts, the ultimate destination for active lifestyles & sports enthusiasts, SI Studios, the brand’s home for film, TV, and long form podcasts, and more. SI brings its unique perspective to marquee events and captivating brand activations including “SI The Party”, Club SI, the Sportsperson of the Year Awards, SI Swimsuit Launch Weekend, and the SI Circuit Series.
Latest accolade builds on last month’s #1 ranking by US News & World Report; Wyndham Rewards Earner® Card named #1 Travel & Hotel Credit Card for eighth consecutive year
HIGHLIGHTS
USA TODAY readers voted Wyndham Rewards the No. 1 Hotel Loyalty Program for the ninth consecutive year, building on last month’s No. 1 ranking from US News & World Report.
Wyndham Rewards Earner® Card named the No. 1 Travel & Hotel Credit Card for the eighth consecutive year, following recent reimagining of co-branded credit card portfolio.
The dual No. 1 rankings are a powerful endorsement of Wyndham Rewards’ uncomplicated, high-value approach to loyalty, prioritizing simple fixed redemptions and generous rewards.
PARSIPPANY, N.J. (Aug 6, 2026) — Wyndham Rewards®, the loyalty program of Wyndham Hotels & Resorts with more than 126 million enrolled members worldwide, has once again been voted the No. 1 Hotel Loyalty Program in the USA TODAY 10Best Readers’ Choice Awards, marking its ninth consecutive year atop the rankings. Readers also named the Wyndham Rewards Earner® Card the No. 1 Hotel Credit Card for the eighth consecutive year.
The rankings reflect what members value most: a loyalty program that continues to be among the most rewarding in the industry, offering simple, fixed redemptions with no dynamic pricing—meaning no increased points requirements based on seasonality or peak periods of demand. They also mark the latest in a growing list of accolades for Wyndham Rewards, which just last month was also named the #1 hotel rewards program by U.S. News & World Report. Those rankings rate programs based on ease of earning a free night, member benefits, geographic footprint and hotel quality, among other categories.
“Great loyalty programs don’t just reward travel—they give members a reason to keep coming back. Our focus has always been on delivering meaningful value, whether a member is checking a bucket-list destination off their list or simply making everyday spending more rewarding. Seeing travelers continue to rank the program #1 is a powerful validation that we’re delivering on what our members expect. It’s recognition we’re incredibly proud of, and a credit to the teams, franchisees and strategic partners who make it possible every day.”
– Scott Strickland, Chief Commercial Officer, Wyndham Hotels & Resorts
Designed for the Everyday Traveler
Spanning thousands of hotels, vacation club resorts and vacation rentals across 100 countries—from everyday roadside stays to upscale, luxury and all-inclusive resorts—Wyndham Rewards stands apart from other hotel loyalty programs by keeping rewards refreshingly simple. Members earn a minimum of 1,000 points with every qualified stay, and free night redemption tiers start at just 7,500 points per night—soon to drop to 5,000 points next month—making it easy to know what it takes to earn a free night.
And those points can take members far beyond a free night. Members can also use them to bid on once-in-a-lifetime experiences through Wyndham Rewards Experiences, from live events and sporting experiences with partners like Madison Square Garden and Caesars Rewards, to entire vacations booked in one place with Wyndham Travel Bundles, making it easy to earn and redeem points across hotels, flights, cruises, rental cars and activities. And with Wyndham Rewards Insider, the program’s first-ever travel subscription, members can unlock even more—including automatic Gold level status, travel savings across hotels, flights, cruises, car rentals and more, plus enhanced points-earning opportunities, all designed to make every trip go further.
A Credit Card Portfolio Built to Match
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, Earner® Business Card and the new Earner® Premier Card—Wyndham’s first premium credit card.
Reimagined earlier this year, the refreshed portfolio expands everyday earnings, booking benefits and cardmember value across the lineup. Cardmembers earn accelerated points on stays at Hotels by Wyndham and on everyday purchases like dining, grocery, gas and EV charging, while every card carries elevated Wyndham Rewards status, discounted free night redemptions, while select cards also include Points Payback, which turns points into statement credits toward any purchase.
The Earner® Card remains the portfolio’s anchor, built for everyday travelers who want real value without an annual fee. At the top of the lineup, the new Earner® Premier Card delivers the richest benefits in the portfolio, offering a 25% discount on free night redemptions, more than $400 in annual value, including complimentary Wyndham Rewards Insider membership and, for the first time in the portfolio, points that never expire.
To learn more about Wyndham Rewards or to join for free, visit WyndhamRewards.com. For more on the Wyndham Rewards Earner® credit card suite, or to apply, visit WyndhamRewardsCreditCard.com.
USA TODAY 10Best Readers’ Choice nominees are curated by a panel of travel industry experts, with winners selected by popular vote. U.S. News & World Report evaluated 13 hotel loyalty programs on membership benefits, network coverage, ease of earning and redeeming points, property diversity and hotel quality.
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About Wyndham Rewards
Part of Wyndham Hotels & Resorts (NYSE: WH), Wyndham Rewards is the #1 hotel rewards, recognized by both U.S. News & World Report and readers of USA TODAY. With more than 126 million enrolled members worldwide, members earn a guaranteed 1,000 points with every qualified stay and can redeem for free nights at thousands of hotels, vacation club resorts and vacation rentals globally starting at just 7,500 points. In addition, through Wyndham Rewards Experiences, members can use points to bid on unforgettable experiences and live events while Wyndham Rewards Insider—a first of its kind travel subscription—offers exclusive savings and perks beyond just hotels, including on flights, cruises, car rentals and more. Join Wyndham Rewards for free at WyndhamRewards.com. You can also like and follow us on Facebook, Instagram and TikTok.
Fan favorites like Club Wyndham Beach and the Wyndham Rewards Earner Card Lounge return along with the chance to win one million Wyndham Rewards points daily
GREENSBORO, N.C. (Aug. 4, 2026) – The 87th annual Wyndham Championship returns to Sedgefield Country Club this week, transforming the historic course into a coastal, beachfront oasis, courtesy of proud title sponsor and top-rated hotel loyalty program Wyndham Rewards. From daily million-point giveaways to can’t miss experiences, it’s four days of toes-in-the-sand, drink-in-hand, vacation-themed fun, all designed to have fans dreaming about their next getaway, long before the final putt.
“The best rewards programs don’t just recognize your loyalty—they make travel simple and rewarding. That’s the promise of Wyndham Rewards, and the Wyndham Championship gives us the perfect opportunity to bring it to life. Whether it’s a quick weekend getaway or the vacation of a lifetime, we want fans to see how easy Wyndham Rewards makes it to travel farther, stay longer, and unlock real rewards along the way.”
-Mike Shiwdin, Head of Loyalty, Wyndham Rewards
Vacation Starts Here Broadcasting nationally Thursday through Sunday on Golf Channel and CBS, this year’s tournament celebrates 20 years of partnership between Wyndham Rewards and the PGA TOUR with the return of signature fan experiences that have become synonymous with championship week.
Fans can once again sink their toes into the sand at Club Wyndham Beach, inspired by Club Wyndham Ocean Walk in Daytona Beach, unwind at The Sandbar while watching live sand sculpting, or stop by returning favorites like the Wyndham Rewards Earner® Card Lounge, Margaritaville at the Wyndham, and the USO Patriots Outpost, presented by Truist and Heroes Vacation Club. Other top spots include Paradise on 7, presented by Margaritaville Vacation Club, and the Icons Lounge by Sports Illustrated Resorts.
Best of all, every day of tournament play, Wyndham Rewards will award one lucky fan one million Wyndham Rewards points—that’s four million points up for grabs. Whether following the action from Sedgefield or cheering from home, fans only need to enter once at WyndhamRewards.com to be automatically entered into all four daily drawings. Open to U.S. residents age 18 or older. Limit: one daily prize per person.*
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, enables the tournament to give back to worthy causes in central North Carolina and beyond.
This week, Wyndham Rewards joins the tournament and others in donating $200,000 to First Tee – Triad, 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. Over one million meals have been provided to-date.
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. Fans at Sedgefield can also show support for the tournament’s charitable partners by participating in the event’s 50/50 drawing.
One Award-Winning Program, Thousands of Ways to Travel
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, one of the world’s largest hotel franchising companies and Club Wyndham, the flagship vacation ownership brand of Travel + Leisure Co.
Recognized as the industry’s #1 hotel rewards program by both USA TODAY and US News & World Report, travelers know that Where There’s a Wyndham, There’s a Way. Members earn a guaranteed 1,000 points with every qualified stay and can redeem points towards free nights at thousands of hotels, vacation club resorts and vacation rentals around the world or a host of other rewards like experiences, tours, activities, gift cards, shopping and more.
The Wyndham Championship runs through Sunday, Aug. 9. 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.
*NO PURCHASE NECESSARY. Internet access & valid email address required. Sweepstakes begins August 6, 2026 @ 12:00:00 a.m. ET and ends August 9, 2026 @ 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.wyndhamchampsweeps.com/rules 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, one of the world’s largest hotel franchisors and Club Wyndham®, the flagship vacation ownership brand of Travel + Leisure Co. Recognized as the #1 hotel rewards program by both U.S. News & World Report and USA Today, program members—over 126 million enrolled—earn a guaranteed 1,000 points with every qualified stay and can redeem for free nights at thousands of hotels, vacation club resorts and vacation rentals around the world. Through Wyndham Rewards Experiences, members can use their points to bid on one-of-a-kind experiences and live events while Wyndham Rewards Insider—a first-of-its-kind travel subscription—adds extra perks while unlocking exclusive savings across hotels, flights, car rentals, cruises and more. Learn more and join Wyndham Rewards for free today at WyndhamRewards.com. You can also like and follow the program on Facebook, Instagram and TikTok.
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.
Celebrating 100 years of the Mother Road with six destination-inspired candies—from Chicago’s deep-dish pizza to Amarillo’s smoked brisket—on sale August 20, hotel nights included
HIGHLIGHTS
Wyndham Rewards is celebrating 100 years of Route 66 with a limited-edition candy collection inspired by iconic destinations and flavors along the historic highway.
One hundred boxes will go on sale at WyndhamRewards.com on August 20, each for just $19.26 (plus tax, shipping included), a nod to the year the Mother Road was established.
Each Flavors of the Open Road collection includes six destination-inspired candies plus 30,000 Wyndham Rewards points—enough for up to two nights or more along Route 66.
With 20+ brands welcoming travelers for generations and over 400 hotels near Route 66, Wyndham has long helped travelers explore the destinations & flavors that make the route iconic.
PARSIPPANY, N.J. (July 30, 2026) — For a century, Route 66 has been defined by neon signs, celebrated local flavors and roadside towns worth pulling over for—the very places Wyndham Hotels & Resorts and its family of more than 20 brands have welcomed travelers for generations.
That’s why this summer, in celebration of the Mother Road’s centennial, Wyndham and its award-winning loyalty program, Wyndham Rewards®, are launching Flavors of the Open Road, a limited-edition candy collection inspired by the iconic flavors found along America’s most legendary highway—from Chicago’s deep-dish pizza to Amarillo’s smoked brisket and more.
The real treat though? What each collection comes with: 30,000 Wyndham Rewards points, enough for up to two nights or more at brands like Days Inn®, Super 8®, Ramada®, La Quinta® and more—meaning this box of candy doesn’t just help you get a taste of Route 66, it helps you see it first-hand.
“The best road trips are defined by the stops you never forget—the barbecue joint you still talk about years later, the diner with the best pie you’ve ever had or the unexpected local specialty you just can’t find anywhere else. That’s the magic of the Mother Road. With over 400 hotels near Route 66, Wyndham and its brands have been helping travelers experience adventure at every turn for decades. Flavors of the Open Road isn’t just a fun way to give travelers a taste of Route 66, it’s about helping them hit the road to make memories of their own.”
Six Stops. Six Flavors. One Legendary Road Trip
Available exclusively at WyndhamRewards.com/Route66 on August 20 at 10 a.m. ET for $19.26 (plus tax, with shipping included)—a nod to the year the Mother Road was established—the limited-edition collection brings six iconic Route 66 destinations to life through six signature flavors.
Housed in a premium Route 66 keepsake box, each collection features six 2.5-ounce jars of uniquely flavored candy, plus a guide to the restaurants, attractions and roadside stops behind every bite—including a nearby Hotel by Wyndham for travelers to experience it all for themselves.
Among the six featured flavors and stops:
Deep-Dish Pizza (Chicago, Illinois)
The journey begins where Route 66 originates. Inspired by Chicago’s iconic deep-dish pizza, this sweet-and-savory creation captures the signature flavors of tomato and herbs with an unexpected touch of sweetness. Grab a pie at Lou Malnati’s or Giordano’s, stroll the Chicago Riverwalk, take in the skyline from Navy Pier and spend the night at La Quinta Inn & Suites® by Wyndham Chicago Downtown.
Pecan Pie (Tulsa, Oklahoma) One of Tulsa’s sweetest traditions, this flavor captures the toasted pecans and caramelized sugar of a classic pecan pie—no plate required. Dig in at Merritt’s Bakery, cruise Tulsa’s stretch of historic Route 66, snap a photo with Buck Atom at Buck Atom’s Cosmic Curios, explore the Tulsa Arts District and stay at Days Inn® by Wyndham Tulsa Central.
Smoked Brisket (Amarillo, Texas) Bold and smoky, this unexpected candy pays tribute to the pitmasters who have made Amarillo a must-stop destination along Route 66. Savor authentic Texas barbecue at Tyler’s Barbeque, visit the iconic Cadillac Ranch, take on the famous 72-ounce steak challenge at The Big Texan Steak Ranch and recharge at Microtel® by Wyndham Amarillo West.
Roasted Green Chile (Albuquerque, New Mexico) A true taste of New Mexico, this sweet-meets-heat creation captures the state’s signature chile with roasted, earthy notes and just the right touch of sweetness. Sample the local favorite at Monroe’s or Frontier, wander the adobe-lined streets of Old Town Albuquerque, ride the Sandia Peak Tramway and call Baymont® by Wyndham Albuquerque home for the night.
Prickly Pear Soft Serve (Flagstaff, Arizona) Bright berry notes and creamy vanilla capture the nostalgic sweetness of this beloved Southwest treat. Try a prickly pear soft serve at Timberline Ice Cream, explore historic downtown Flagstaff, discover the stars at Lowell Observatory or take a scenic detour to the South Rim of Grand Canyon National Park—all with Super 8® by Wyndham Flagstaff as your home base.
Root Beer Float (Kingman, Arizona) Creamy vanilla and classic root beer flavors recreate the nostalgic treat that has cooled down generations of Route 66 travelers. Enjoy an old-fashioned float at Mr. D’z Route 66 Diner or Rutherford’s 66 Family Diner, explore vintage Americana at the Arizona Route 66 Museum, wander historic downtown Kingman and rest up at Ramada® by Wyndham Kingman before continuing down the Mother Road.
Claim Your Piece of Route 66 Flavors of the Open Road goes on sale August 20 at 10 a.m. ET for $19.26 plus tax, with shipping included. In honor of Route 66’s centennial, just 100 collections will be available on a first-come, first-served basis, while supplies last. Limit one per household; available to U.S. residents only.
About Wyndham Rewards
Part of Wyndham Hotels & Resorts (NYSE: WH), Wyndham Rewards is the #1 hotel rewards program, recognized by both U.S. News & World Report and readers of USA TODAY. With more than 126 million enrolled members worldwide, members earn a guaranteed 1,000 points with every qualified stay and can redeem for free nights at thousands of hotels, vacation club resorts and vacation rentals globally starting at just 7,500 points. In addition, through Wyndham Rewards Experiences, members can use points to bid on unforgettable experiences and live events while Wyndham Rewards Insider—a first of its kind travel subscription—offers exclusive savings and perks beyond just hotels, including on flights, cruises, car rentals and more. Join Wyndham Rewards for free at WyndhamRewards.com. You can also like and follow us on Facebook, Instagram and TikTok.
Company Raises Full-Year 2026 Outlook
Grows System Size by 4% and Development Pipeline by 4%
PARSIPPANY, N.J. (July 22, 2026) – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended June 30, 2026. Highlights include:
Development pipeline grew 4% year-over-year, excluding Revo, to a record of approximately 261,000 rooms, carrying a FeePAR premium of approximately 30% to existing domestic and international systems.
Net income increased 17% year-over-year to $102 million; adjusted net income increased 8% year-over-year to $111 million, or flat on a comparable basis.
Diluted EPS grew 20% to $36 and adjusted diluted EPS grew 11% year-over-year to $1.48, or 3% higher on a comparable basis.
Adjusted EBITDA increased 9% year-over-year to $212 million, or 3% higher on a comparable basis.
Net cash provided by operating activities increased 30% to $91 million and adjusted free cash flow increased 19% to $105
Returned $86 million to shareholders through $54 million of share repurchases and quarterly cash dividends of $0.43 per share.
“Our solid second-quarter results reflect the continued strength of Wyndham’s asset-light, fee-based business, bolstered by system expansion, higher ancillary revenues and accelerating U.S. RevPAR growth that exceeded our expectations — delivering comparable-basis adjusted EBITDA growth of 3%,” said Geoff Ballotti, President and Chief Executive Officer. “Record second quarter openings focused on higher FeePAR hotels in the midscale and above segments, demonstrate franchisees’ continued confidence in our brands and Wyndham’s compelling ‘Owner First’ value proposition. As domestic RevPAR trends, net rooms growth, global pipeline development and ancillary revenue streams continue to strengthen, we remain confident in our ability to deliver sustainable long-term growth and create meaningful value for our shareholders, franchisees, and guests.”
System Size and Development
During the preparation of its year-end 2025 financial statements, the Company learned that Revo, a large European franchisee, had filed for insolvency proceedings under self-administration for most of its operating entities. The Company removed all Revo-related revenue recognition from its 2026 outlook and reported results given the uncertainty on expected outcomes and collectability. In addition, the Company’s 2026 net room growth outlook also excluded any impact associated with Revo’s ongoing insolvency and, as such, the Company’s global net room growth metrics are also presented excluding Revo-related rooms.
The Company’s global system, excluding Revo, grew 4%. The Company’s U.S. system grew 10 basis points sequentially and was flat year-over-year. International growth of 10% year-over-year, excluding Revo, included 12% direct-franchised growth in the Company’s Asia Pacific region and 11% growth in the Company’s higher RevPAR EMEA and Latin America regions.
As of June 30, 2026, the Company’s global development pipeline increased 4% vs. prior-year, excluding Revo, to a record-high of approximately 261,000 rooms and over 2,200 hotels. Key highlights of the Company’s pipeline include:
2% growth in the U.S. and 5% growth internationally, excluding Revo
Approximately 69% is in the midscale and above segments
Approximately 17% is in the extended stay segment
Approximately 42% is in the U.S.
Approximately 78% is new construction and approximately 35% of these projects have broken ground; rooms under construction grew 4% year-over-year
Approximately 30% FeePAR premium compared to existing domestic and international systems
RevPAR
Second quarter global RevPAR decreased 1% in constant currency compared to 2025, reflecting 2% growth in the U.S. and a 6% decline internationally.
In the U.S., RevPAR improved 2% both year-over-year and sequentially, reflecting improved occupancy and ADR levels. Overall, U.S. RevPAR results were primarily driven by continued strength across the Midwest and both sequential and year-over-year growth in Texas, Florida and California.
Internationally, constant currency growth of 2% in Canada reflected sustained pricing power, while growth of 5% in Southeast Asia and the Pacific Rim primarily reflected improved demand. Growth in those regions was more than offset in Latin America, which declined 7% year-over-year primarily due to lower U.S. cross-border demand in Mexico, EMEA, which declined 6% year-over-year largely driven by the geopolitical conflict in the Middle East as well as softness in the performance of Revo hotels in its insolvency, and China, which declined by 5% year-over-year primarily due to continued deflationary pricing pressure.
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.
Net revenues declined 6% to $375 million compared to $397 million in the second quarter of 2025, reflecting the absence of pass-through revenues due to the Company’s global franchisee conference in May 2025. In addition, the decline reflected lower other franchise fees and the deferral of fees from Revo, which was partially offset by higher ancillary revenues, EBITDA-neutral revenues from the two Revo hotels the Company took possession of and global net rooms growth, excluding Revo, of 4%.
Net income increased 17% to $102 million compared to $87 million in the second quarter of 2025, primarily reflecting higher adjusted EBITDA and lower restructuring and other-related costs, partially offset by increased interest expense. Adjusted net income grew 8% to $111 million compared to $103 million in the second quarter of 2025.
Adjusted EBITDA increased 9% to $212 million compared to $195 million in the second quarter of 2025. This increase included a $11 million favorable impact from marketing fund variability, excluding which adjusted EBITDA increased 3% on a comparable basis, primarily reflecting lower general and administrative expenses driven largely by insurance recoveries, the timing of variable costs and higher ancillary revenues, partially offset by a decline in other franchise fees and the deferral of fees from Revo.
Diluted EPS grew 20% to $36 compared to $1.13 in the second quarter of 2025, which reflects higher net income and the benefit of a lower share count due to share repurchase activity.
Adjusted diluted EPS increased 11% to $1.48 compared to $1.33 in the second quarter of 2025. This increase included a favorable impact of $0.11 per share related to marketing fund variability (after estimated taxes). On a comparable basis, adjusted diluted EPS increased approximately 3% year-over-year primarily reflecting a comparable basis increase in adjusted EBITDA and the benefit of share repurchase activity, partially offset by increased 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 $91 million of net cash provided by operating activities and $105 million of free cash flow in the second quarter 2026. The Company ended the quarter with a cash balance of $69 million and $1.0 billion in total liquidity.
The Company’s net debt leverage ratio at June 30, 2026 was 3.5 times, 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 second quarter, the Company repurchased approximately 657,000 shares of its common stock for $54 million.
The Company paid common stock dividends of $32 million, or $0.43 per share, during the second quarter 2026.
Outlook The Company is updating its full-year outlook as follows:
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, July 23, 2026 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 23, 2026. A telephone replay will be available for approximately ten days beginning at noon ET on July 23, 2026 at 800 839-5247.
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 one of the world’s largest hotel franchising companies with approximately 8,400 hotels across approximately 100 countries on six continents. Through its network of over 873,000 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 126 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.
Suite offers expanded everyday earning, richer booking benefits and a range of new premier card perks, including statement credits for streaming, meal delivery and more
HIGHLIGHTS
Wyndham Hotels & Resorts and Barclays have reimagined the full Wyndham Rewards credit card lineup, adding new value across consumer and business cards while debuting the new Earner® Premier Card.
The updated suite expands earning power—up to 8X points on Hotels by Wyndham—while offering high-demand benefits like Member Level upgrades, booking discounts, statement credits, Points Payback and discounted award nights.
Cards reinforce program’s No. 1 ranking by USA TODAY readers—also earned by the Wyndham Rewards Earner® Card—and build on recent program additions like Wyndham Rewards Experiences and Wyndham Rewards Insider.
PARSIPPANY, N.J. (June 17, 2026) — Wyndham Hotels & Resorts has reimagined its Wyndham Rewards® credit card portfolio in partnership with Barclays, reshaping how members earn, redeem and engage with the award-winning hotel loyalty program while introducing a new premium-tier option with the Wyndham Rewards Earner® Premier Card.
The elevated, now four credit card portfolio reflects a broader shift in travel rewards: consumers want cards that earn fast on daily purchases while making travel both simpler and richer. With new bonus categories, meaningful statement credits and expanded free night discounts on select cards, plus the ability to redeem points for statement credits towards purchases using Points Payback, the new lineup is built not just to get cardmembers traveling sooner, but to deliver more value every time they do while unlocking the best that Wyndham Rewards has to offer.
“Loyalty programs work best when travelers don’t have to decode them. Wyndham Rewards has always stood apart by making earning and redemption straightforward, attainable and predictable—our updated cards are a direct extension of that philosophy. By pairing faster everyday earning with bigger free night discounts, Member Level upgrades and benefits that enhance the stay itself, we’re giving members a clearer, more rewarding path from routine spending to real travel value.”
– Scott Strickland, Chief Commercial Officer, Wyndham Hotels & Resorts
“The Wyndham Rewards cards issued by Barclays were built for savvy travelers, combining strong earn rates, flexible redemption and practical credits with a loyalty program that’s known for not just great rewards, but ease and simplicity in obtaining and enjoying those rewards. The result is a card program designed to be a go-to for everyday travelers—delivering consistent, measurable value, month-in and month-out.”
– Doug Villone, Head of US Cards and Partnerships, Barclays US Consumer Bank
A Reimagined Credit Card Suite The refreshed Wyndham Rewards credit card lineup includes four distinct products, each designed for a clear use case—from no‑annual‑fee everyday earning to premium travel benefits and small‑business rewards. Across the suite, cardmembers can earn up to 8X points on stays at Hotels by Wyndham and up to 4X points on dining, grocery and travel purchases, with 1X points on all other eligible spend.
Every card also includes elevated status within Wyndham Rewards and discounted free night redemptions. The new Earner® Premier Card adds even more benefits, unlocking credits worth over $400 in annual value, including complimentary Wyndham Rewards Insider membership, and—for the first time in the portfolio—points that never expire.
Highlights of individual card benefits are outlined below.
Wyndham Rewards Earner® Premier Card ($395 Annual Fee)
Wyndham’s first-ever premium credit card delivers the richest benefits in the portfolio. Earn up to 120,000 points when you spend $6,000 in the first 120 days (unlocks 90,000 points) and $750 on Hotels by Wyndham in the first 180 days (unlocks 30,000 points).
Earn
8X points on Hotels by Wyndham
4x points on eligible dining, grocery and travel (gas, EV charging, air, car rental, rideshare, tolls and trains)
1x point on all other purchases (excluding Vacation Club down payments)
Up to $125 TSA PreCheck or Global Entry application fee credit, once every four years
Wyndham Rewards Earner® Business Card ($149 Annual Fee)
Built for small business owners and entrepreneurs. Earn up to 100,000 points when you spend $3,000 in the first 90 days (unlocks 45,000 points) and $500 on Hotels by Wyndham in the first 180 days (unlocks 55,000 points).
Earn
8X points on Hotels by Wyndham
5x points on gas, EV charging, marketing, advertising, office supply stores and shipping
1x point on all other purchases (excluding Vacation Club down payments)
Emerald Club® Executive status with National® Car Rental
Over $100 in annual statement credits, including:
$65 warehouse membership credit
Up to $50 accounting software credit
Wyndham Rewards Earner® Plus Card ($95 Annual Fee)
Built for everyday travelers looking for elevated earning and added perks. Earn up to 100,000 points when you spend $1,000 in the first 90 days (unlocks 45,000 points) and $500 on Hotels by Wyndham in the first 180 days (unlocks 55,000 points).
Earn
6X points on Hotels by Wyndham
4x points on eligible dining, grocery and travel (gas, EV charging, air, car rental, rideshare, tolls and trains)
1x point on all other purchases (excluding Vacation Club down payments)
Wyndham Rewards Diamond membership for 1 year; Platinum thereafter
Stay five nights and receive a free night annually (15,000 points)
Booking discounts on Hotels by Wyndham
Emerald Club® Executive status with National® Car Rental
Up to $50 meal delivery credit (up to $25 every six months)
Wyndham Rewards Earner® Card (No Annual Fee)
Designed for everyday travelers looking to maximize value without an annual fee. Earn up to 75,000 points when you spend $1,000 in the first 90 days (unlocks 30,000 points) and $500 on Hotels by Wyndham in the first 180 days (unlocks 45,000 points).
Earn
5X points on Hotels by Wyndham
3x points on dining, grocery, gas and EV charging
1x point on all other purchases (excluding Vacation Club down payments)
Redeem
10% discount on free night redemptions
Anniversary Bonus and Benefits
7,500 anniversary bonus points (after spending $15,000 on eligible purchases)
Wyndham Rewards Gold membership
Booking discounts on Hotels by Wyndham
Real Rewards for Real Travelers Wyndham Rewards was built from the ground up around a simple premise: that travelers should always know what they’re earning, what their points are worth and how quickly they can use them. With Wyndham Rewards, there’s no guesswork. Members always earn 1,000 points per stay or 10 points per dollar spent on qualified stays, whichever is more, while free nights start at just 7,500 points per bedroom, per night. No dynamic pricing. No seasonal award charts. It’s a simple, generous approach to loyalty that over the last year, has only been amplified further with the launch of new program features.
Wyndham Rewards Experiences, which debuted last summer, allows members to bid and redeem points for live events and unforgettable experiences with partners like Minor League Baseball, Madison Square Garden and Caesars Rewards, while the more recent Wyndham Rewards Insider—the program’s first-ever travel subscription—delivers added member value through expansive travel savings, elevated membership status, double-dip points earning and more. Now, with the launch of the program’s fully re‑imagined credit card suite, that expanded value is easier to access and faster to realize—giving members a more direct path from everyday spending to meaningful rewards across the Wyndham Rewards ecosystem.
For more information on the new suite of Wyndham Rewards Earner Cards, or to apply, visit WyndhamRewardsCreditCard.com.
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About Barclays
Barclays US Consumer Bank is a leading digital banking partner that provides award-winning credit card, personal loan and savings products to more than 25 million consumers. As one of the fastest-growing U.S. credit card issuers, the bank creates highly customized programs that drive customer loyalty for some of America’s best travel, retail and affinity brands. Member FDIC. For more information, please visit www.BarclaysUS.com.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is one of the world’s largest hotel franchising companies with approximately 8,400 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 124 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit wyndhamhotels.com.
First native hotel app from a major economy and midscale franchisor in the U.S. builds on broader AI foundation to drive discovery, booking and owner ROI
HIGHLIGHTS
Wyndham is extending its AI leadership with the first native ChatGPT hotel app from a major economy and midscale franchisor in the U.S.—bringing conversational, visual discovery to travelers while supporting value creation for owners.
The integration builds on years of cloud-first, AI investment, forming a scalable technology foundation that enables faster innovation, broader distribution and measurable ROI for franchisees.
By embedding AI across its ecosystem—from call centers to Wyndham Connect to leading LLMs—Wyndham is not only helping hotel owners lower costs and drive incremental bookings but collectively tap into millions in new revenue streams.
PARSIPPANY, N.J. (May 6, 2026) — As travelers increasingly turn to conversational AI to plan trips, Wyndham Hotels & Resorts is extending its digital reach with a native ChatGPT app that makes hotel discovery and booking more intuitive, visual and connected. The new experience marks the first native hotel app from a major economy and midscale franchisor in the U.S. available within OpenAI’s ChatGPT, reinforcing Wyndham’s leadership in applying large language models (LLMs) to hospitality.
Built specifically for conversational search, the app allows users to explore approximately 8,400 hotels across Wyndham’s global portfolio through map-based navigation, amenity filters and interactive hotel cards, all within ChatGPT’s interface. Travelers can refine results using natural language prompts and seamlessly transition to WyndhamHotels.com to complete bookings, creating a streamlined path from inspiration to stay.
The launch represents Wyndham’s second major LLM integration. In 2025, it became the first major hotel company to go live on Anthropic’s Claude and is actively expanding its AI presence, including an upcoming integration with Google’s AI Mode. Together, these efforts position Wyndham to help shape AI-driven travel discovery while meeting travelers where they are.
“Conversational AI is reshaping how travelers discover and book. With our native ChatGPT app launch, Wyndham is helping our hotels stay at the forefront—building on years of AI investment to directly connect with guests in new ways while ensuring the experience is both intuitive and highly visual.”
– Scott Strickland, Chief Commercial Officer, Wyndham Hotels & Resorts
Built on a Cloud-Based AI Foundation Wyndham’s ChatGPT app builds on the Company’s broader technology and AI strategy, rooted in years of early investment in cloud-based, mobile-first platforms that are changing how franchisees operate their hotels—helping unlock efficiencies, improve performance and drive measurable gains to their bottom line.
At the core of that strategy is a scalable technology ecosystem powered by industry-leading partners including Aven Hospitality (formerly Sabre), Oracle, Amazon, Adobe and Salesforce, among others. Since 2018, Wyndham has invested more than $450 million in technology and in 2020, became the first major hotel company to fully migrate its systems to the cloud. Those early moves established a modern, flexible foundation, enabling faster innovation, easier deployment of new capabilities and greater agility as AI reshapes hospitality.
Turning AI Innovation into Owner-ROI Building on its foundation, Wyndham is now embedding AI across its enterprise, helping deliver measurable ROI for franchisees. For example, since launching in its call centers, AI-powered tools have aided in reducing average handle times by 7%—saving both guests and franchisees thousands of hours—while simultaneously helping improve agent training and conversion rates. Meanwhile, partnerships with established and emerging providers are helping the Company scale its intelligent marketing, drive higher guest engagement and capture more demand.
Outside of the enterprise, Wyndham is extending that same AI-driven approach directly into its hotels. Wyndham Connect, the Company’s Canary-powered guest engagement platform available at no incremental cost to franchisees, and Wyndham Connect PLUS, an enhanced version of the platform, bring a range of opt-in, AI-powered tools to hotel owners and their teams—powering guest engagement, automating routine operations and unlocking new revenue opportunities.
These platforms are already delivering measurable results, including the handling of millions of AI-driven interactions while helping drive incremental upsell revenue, reduced call volumes and increased direct bookings. The most engaged hotels last year averaged more the $60,000 in incremental revenue, with the highest performing hotel exceeding $200,000.
“As AI becomes central to how travel is planned and purchased, our focus is on translating innovation into real results for owners. Whether it’s helping reduce operating costs, drive incremental revenue or expand distribution through new platforms like ChatGPT, our goal is to enable franchisees to compete more effectively while delivering a better experience for guests.”
– Michael Mahar, SVP and Head of Commercial Technology, Wyndham Hotels & Resorts.
Together, Wyndham’s AI-focused initiatives reflect a unified, forward-looking technology strategy that is already delivering measurable returns for franchisees. From incremental direct bookings and lower operating costs to collective millions in new revenue streams, Wyndham’s approach is reshaping how the Company drives value for hotel owners while making travel more seamless and personalized for guests.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is one of the world’s largest hotel franchising companies with approximately 8,400 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 124 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 the use of technology, including AI technologies, and the opportunities resulting therefrom. 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.
Company Grows System Size by 4% and Development Pipeline to Record 2,200 Hotels
U.S. RevPAR Recovery Ahead of Expectations
PARSIPPANY, N.J., April 29, 2026 – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended March 31, 2026. Highlights include:
System-wide rooms grew 4% year-over-year.
Awarded development contracts in the U.S. increased 8% year-over-year.
Development pipeline grew 3% year-over-year to a record of over 259,000 rooms and over 2,200 hotels.
S. RevPAR was flat year-over-year, 250 basis points ahead of midpoint of expectations.
Ancillary revenues increased 21% year-over-year.
Net income remained flat year-over-year at $61 million; adjusted net income increased 9% year-over-year to $73 million, or 6% lower on a comparable basis.
Diluted earnings per share grew 3% to $0.80 from $0.78 in the prior-year quarter and adjusted diluted EPS grew 12% year-over-year to $0.96, or 3% lower on a comparable basis.
Adjusted EBITDA increased 8% year-over-year to $156 million, or 1% lower on a comparable basis.
Net cash provided by operating activities of $42 million and free cash flow of $64
Returned $85 million to shareholders through $51 million of share repurchases and quarterly cash dividends of $0.43 per share.
Issued $650 million aggregate principal amount of 5.625% senior unsecured notes, due 2033, the net proceeds of which were primarily used to fully repay then-outstanding revolver and term loan A borrowings.
“We delivered a strong start to the year, highlighted by record-level first-quarter openings and a continued expansion of our development pipeline,” said Geoff Ballotti, president and chief executive officer. “As U.S. RevPAR in our economy and midscale segments continues to recover ahead of expectations, we approach the peak leisure summer season with increasing optimism. We’ve never been more confident in our ability to drive sustained long-term value creation for franchisees, guests and shareholders by adding high-quality, FeePAR-accretive hotels to our portfolio, growing ancillary revenues and scaling AI to further differentiate our industry-leading technology platform.”
System Size and Development
The Company’s global system grew 4%, including flat growth in the U.S., which includes the impact from the loss of legacy affiliated rooms, 12% direct-franchised growth in the Company’s Asia Pacific region and 9% growth in the Company’s higher RevPAR EMEA and Latin America regions.
As of March 31, 2026, the Company’s global development pipeline increased 3% vs. prior-year to a record-high level of over 259,000 rooms and over 2,200 hotels. Key highlights include:
3% pipeline growth in the U.S. and 2% growth internationally
Approximately 70% of the pipeline is in the midscale and above segments
Approximately 17% of the pipeline is in the extended stay segment
Approximately 43% of the pipeline is in the U.S.
Approximately 77% of the pipeline is new construction and approximately 35% of these projects have broken ground; rooms under construction grew 3% year-over-year
RevPAR
First quarter global RevPAR decreased 1% in constant currency compared to 2025, reflecting flat performance in the U.S. and a 1% decline internationally.
In the U.S., the year-over-year comparison was impacted by approximately 40 basis points of unfavorable hurricane impacts related to first quarter 2025; excluding which, RevPAR increased over 600 basis points sequentially and approximately 10 basis points year-over-year reflecting stabilized occupancy and ADR levels. Continued strength across the Midwest and growth in Texas was partially offset by performance in Florida and California, which both improved sequentially yet declined year-over-year.
Internationally, constant currency growth of 8% in Canada reflected significant pricing power and continued demand growth, while growth of 5% in Southeast Asia and the Pacific Rim and 1% in EMEA each primarily reflected improved demand. The growth in those regions was more than offset by softness in China where RevPAR improved over 500 basis points sequentially, yet declined 5% year-over-year, and Latin America, which declined 4% year-over-year primarily due to lower U.S. cross-border demand in Mexico.
Operating Results
The comparability of the Company’s first 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.
Net revenues grew 3% to $327 million compared to $316 million in the first quarter of 2025, reflecting a 21% increase in ancillary revenues and global net room growth of 4%, partially offset by lower other franchise fees and the deferral of fees from Revo Hospitality Group (“Revo”).
Net income remained flat at $61 million compared to the first quarter of 2025, primarily reflecting higher adjusted EBITDA offset by restructuring and other-related costs, as well as transaction-related costs resulting from the Company’s issuance of 5.625% senior unsecured notes. Adjusted net income grew 9% to $73 million compared to $67 million in the first quarter of 2025.
Adjusted EBITDA increased 8% to $156 million compared to $145million in the first quarter of 2025. This increase included a $13 million favorable impact from marketing fund variability, excluding which adjusted EBITDA declined 1% on a comparable basis. This decline primarily reflects lower royalties and franchise fees and the absence of one-time cost reductions, partially offset by increased ancillary revenues.
Diluted EPS grew 3% to $80 compared to $0.78 in the first quarter of 2025, which primarily reflects the benefit of a lower share count due to share repurchase activity.
Adjusted diluted EPS increased 12% to $0.96 compared to $0.86 in the first quarter of 2025. This increase included a favorable impact of $13 per share related to marketing fund variability (after estimated taxes). On a comparable basis, adjusted diluted EPS decreased approximately 3% year-over-year primarily reflecting a comparable basis decline in adjusted EBITDA, a marginally higher effective tax rate and increased interest expense, partially offset by the benefit of share repurchase activity.
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 $42 million of net cash provided by operating activities and $64 million of free cash flow in the first quarter 2026. The Company ended the quarter with a cash balance of $79 million and $1.1 billion in total liquidity, which includes the effect of the February 2026 issuance of $650 million aggregate principal amount of senior unsecured notes bearing interest at 5.625%. The net proceeds from the issuance were primarily used to fully repay then-outstanding revolver and term loan A borrowings.
The Company’s net debt leverage ratio was 3.5 times at March 31, 2026, 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 first quarter, the Company repurchased approximately 656,000 shares of its common stock for $51 million.
The Company paid common stock dividends of $34 million, or $0.43 per share, during the first quarter 2026.
Revo Update
As part of the Company’s efforts to pursue all available remedies related to Revo’s ongoing insolvency proceedings and optimize the recoverability for the Company’s shareholders, the Company exercised its rights to foreclose on and take ownership of two properties in Europe. The Company expects these properties to generate approximately $10 million of net revenues in full-year 2026 with a limited impact to earnings as the Company works to stabilize operations and implement an asset management plan to maximize value.
Outlook
The Company is updating its full-year outlook as follows:
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, April 30, 2026 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 April 30, 2026. A telephone replay will be available for approximately ten days beginning at noon ET on April 30, 2026 at 800 695-0715.
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 one of the world’s largest hotel franchising companies with approximately 8,400 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 124 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.
One lucky grandparent–grandchild duo will hit the open road for a once-in-a-lifetime Route 66 adventure—just in time for the highway’s 100th anniversary
PARSIPPANY, N.J. (April 7, 2026) – This summer, buckle up—because grandma’s calling shotgun. As Route 66 marks its 100th anniversary, Wyndham Hotels & Resorts and its award-winning loyalty program, Wyndham Rewards®, are bringing generations together—paying one lucky road tripper $20,000 (inclusive of a travel stipend) to hit the highway with their grandparent. Dubbed The (Grand) Mother Road Trip, the selected traveler will prove once and for all that the best travel companions might just be family.
From retro roadside motels to quirky Americana pit stops, the duo will hit the road as open-road ambassadors, diving into the heart of Route 66 while staying at familiar favorites from the Wyndham family including, Days Inn®, Super 8®, La Quinta®, Ramada®, and Howard Johnson®, brands that have been part of the American road trip for generations. Along the way, they’ll document every twist, turn, and roadside attraction for social media—the same stretch of road, documented through two very different sets of eyes.
“Route 66 is one of the most enduring symbols of American travel, and for decades, Wyndham’s iconic roadside brands have been part of that journey. As we celebrate its centennial, this incredible road trip brings that legacy to life, handing the keys to our open-road ambassadors for an unforgettable adventure that inspires travelers everywhere to hit the road, explore new destinations, and create lasting memories.”
Buried Eldorados at Cadillac Ranch, the quirky charm of the Blue Whale of Catoosa, legendary bites at Lou Mitchell’s in Chicago, and a slice of pie at the Midpoint Café in Adrian, Wyndham’s grandparent–grandchild duo will chase down every curio, roadside oddity, and hidden gem the Mother Road has to offer. Working closely with Wyndham to craft a custom itinerary, they’ll document every mile in real time, turning each stop, every story, and all the moments in between into content that makes the rest of America wish they were in the passenger seat.
And they can be. The Route 66 centennial is an open invitation for everyone to hit the road. With hundreds of Hotels by Wyndham lining the route from Chicago to Santa Monica, every traveler has a place to pull over, recharge, and wake up ready for whatever comes next.
The Gig Ready to hit the road? Call your grandparent—this one’s for the two of you. Take on Route 66 together, document the journey along the way, and earn $20,000 total (including a $5,000 travel stipend). You’ll spend seven nights at Hotels by Wyndham, receive Wyndham Rewards® Diamond Membership for you and your travel companion, and cover 2,400 miles of America’s most iconic highway. Here’s what you’ll take on:
Responsibilities:
Drive Route 66 from Chicago, hitting some of the highway’s most iconic stops over one week between July and October 2026.
Capture every mile through photos, videos, and social content for Wyndham Rewards and your own social channels.
Stay at Wyndham hotels across multiple cities, experiencing each brand’s unique style while sharing the journey with followers at home.
Qualifications
Applicant must be at least 18; Driver must be 21 or older with a valid license.
Open to grandparent–grandchild pairs of all kinds, including step-grandparents and chosen family. If they’ve played that role in your life, they count here.
A legal U.S. resident (including D.C., Guam, and Puerto Rico) with valid government-issued ID.
Comfortable on social media and confident creating the kind of content that makes people stop scrolling—stories, reels, videos, photos, all of it.
The Perks
$15,000 cash.
$5,000 travel stipend to cover airfare, meals, car rental, and activities for the trip.
Seven complimentary nights at Hotels by Wyndham along your journey.
Wyndham Rewards® Diamond membership for you and your travel companion.
Official Wyndham swag.
A once-in-a-lifetime road trip with someone who’s been there for all of yours.
How to Apply
Apply on behalf of yourself and your grandparent by May 1—show us why your duo is the ultimate road trip team! Send a short video explaining your connection, sense of adventure, and why Route 66 was made for you both. Prefer to write it out? You can also submit a short essay along with a photo that captures who you are together. Applications must include:
Full names and U.S. city/state (or territory) of residence for both grandchild and grandparent.
Grandchild’s telephone number and email address.
Grandchild’s publicly viewable social media profile links.
Entries will be assessed on creativity, authenticity, and the duo’s ability to capture the spirit of Route 66. In the final round of judging, both the grandchild and grandparent will be required to attend an interview. For full details, including how to apply and official rules, visit wyndhamrewards.com/roadtrip.
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.
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