Wyndham Hotels & Resorts Inc

Latest Results (12.05.2026):

Wyndham Hotels & Resorts Inc — Fourth quarter 2025: the company reported a fourth-quarter net loss of $60 million (diluted loss per share $0.80) and full-year 2025 net income of $193 million (diluted EPS $2.50). On an adjusted basis, full-year adjusted diluted EPS rose 6% to $4.58 and adjusted EBITDA grew 3% to $718 million, while management increased the quarterly dividend by 5% and provided detailed full‑year 2026 guidance.

Revenue & RevPAR

Fourth-quarter global RevPAR declined 6% in constant currency (U.S. -8%, international -1%); full-year global RevPAR fell 3% CC. Fee-related and other revenues for full-year 2025 were $1.429 billion (up 2% year‑over‑year), helped by a 15% increase in ancillary revenues and 4% global net room growth.

Earnings, EBITDA and Adjusted Metrics

GAAP results were depressed by impairment and related charges: full-year GAAP diluted EPS fell 31% to $2.50 and net income dropped 33% to $193M. On a non‑GAAP basis, adjusted diluted EPS increased 6% to $4.58 and adjusted net income rose to $353M; adjusted EBITDA increased 3% to $718M (4% on a comparable basis excluding marketing fund variability).

Quarterly operating details

Q4 adjusted EBITDA was $165M (down 2% reported, up ~2% on a comparable basis after neutralizing marketing fund timing). Q4 adjusted diluted EPS was $0.93 (down 11% reported; ~4% decline on a comparable basis). Fee-related revenues in Q4 were $334M versus $341M in Q4 2024.

Impairments and Revo impact

The company recorded significant Revo-related charges and impairments in Q4 2025: a $74M provision for receivables and an $86M impairment (which includes impairment of certain Vienna House trademarks and related franchise agreements). Revenues associated with Revo were deferred beginning Q4 due to collectability uncertainty.

System growth & development pipeline

System‑wide rooms grew 4% year‑over‑year; Wyndham awarded a record 870 development contracts in 2025 and the development pipeline reached a record ~259,000 rooms (≈2,200 hotels). Approximately 70% of the pipeline is midscale and above; ~77% is new construction and ~36% of those projects have broken ground.

Cash generation, balance sheet & shareholder returns

Net cash from operations was $367M and adjusted free cash flow was $433M for 2025. The company returned $393M to shareholders in 2025 ($266M repurchases, $127M dividends); Q4 repurchases were ~$43M (0.6M shares). Cash at year‑end was $64M with $840M total liquidity and net debt leverage of 3.5x (midpoint of 3–4x target).

Dividend increase & 2026 outlook

The Board authorized a 5% quarterly dividend increase to $0.43 per share beginning with the dividend expected in Q1 2026. 2026 guidance: rooms growth 4.0–4.5%, global RevPAR growth (constant currency) (1.5%) to +0.5%, fee-related revenues $1.455–1.485B, adjusted EBITDA $730–745M, adjusted diluted EPS $4.62–4.80, and expected free cash flow conversion of 55–60%.