Wyndham Hotels and Resorts Reports Strong Second Quarter Results

Wyndham Hotels & Resorts announced results for the three months ended June 30, 2026. Highlights include:

Financial Performance
- Net Income: $102M, up 17% YoY
- Adjusted Net Income: $111M, up 8% YoY (flat on comparable basis)
- Diluted EPS: $36, up 20% YoY
- Adjusted Diluted EPS: $1.48, up 11% YoY (≈3% higher on comparable basis)
- Adjusted EBITDA: $212M, up 9% YoY (≈3% higher on comparable basis)
- Net Cash from Operations: $91M, up 30% YoY
- Free Cash Flow: $105M, up 19% YoY

System Growth & Pipeline
- System-wide Rooms: +4% YoY (excluding insolvent Revo Hospitality Group).
- Pipeline: Record 261,000 rooms / 2,200 hotels, +4% YoY (excluding Revo).
- 69% midscale & above
- 17% extended stay
- 42% U.S.-based
- 78% new construction (35% already broken ground)
- FeePAR premium ≈30% vs existing system

Shareholder Returns
- Repurchases: $54M (≈657,000 shares)
- Dividends: $32M, $0.43/share
- Total Returned: $86M

RevPAR Trends
- Global RevPAR: ↓1% (constant currency)
- U.S.: +2% YoY & sequentially (strength in Midwest, Texas, Florida, California)
- International: Mixed —
- ↑ Canada (+2%), Southeast Asia (+5%)
- ↓ Latin America (-7%), EMEA (-6%), China (-5%)

Revo Insolvency Impact
- Revo (large European franchisee) excluded from results & outlook.
- International softness partly tied to Revo hotels + geopolitical conflict in Middle East.

CEO Geoff Ballotti
Emphasized Wyndham’s asset-light, fee-based model, strong pipeline, and franchisee confidence in midscale & above segments.

This quarter shows Wyndham balancing solid U.S. growth with international headwinds, while maintaining strong cash generation and shareholder returns.