Wyndham Hotels & Resorts Earnings Call Transcripts
Fiscal Year 2026
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Q3 comparable adjusted EBITDA grew 5% and adjusted EPS 9%, while U.S. RevPAR rose 6%. FY RevPAR, revenue and EBITDA outlooks increased, with ~4% net room growth guidance reflecting quality-focused terminations.
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Achieved record net room openings and pipeline growth, with U.S. RevPAR up 2% and adjusted EBITDA and EPS each rising 3% on a comparable basis. Raised full-year outlook for U.S. and global RevPAR, maintained strong liquidity, and continued robust capital returns to shareholders.
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Q1 2026 saw strong U.S. RevPAR recovery, 4% net room growth, and record pipeline expansion. Ancillary revenues rose 21%, and AI-driven tech initiatives boosted franchisee profitability. Guidance for global net room growth and RevPAR was raised, with robust liquidity and disciplined capital allocation.
Fiscal Year 2025
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Net room growth reached 4% with record organic additions and a robust development pipeline. Despite RevPAR declines, Adjusted EBITDA and EPS grew, and strong cash flow enabled significant shareholder returns. AI and ancillary revenue initiatives, along with new brand launches, support a positive 2026 outlook.
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Q3 saw strong room and pipeline growth, robust ancillary fee gains, and continued capital returns, but RevPAR declined 5% amid consumer caution. Guidance was lowered for RevPAR and revenues, though net room growth and liquidity remain solid.
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Global system growth reached 4% with record first-half openings, 5% adjusted EBITDA growth, and 11% EPS growth year-over-year. Net room growth guidance was raised, and robust capital deployment continues, while new tech and partnerships drive franchisee value.
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Adjusted EBITDA grew 9% and adjusted EPS rose 20% year-over-year, with global system and pipeline reaching record highs. 2025 guidance was revised downward due to softer U.S. and international RevPAR trends, but strong development momentum, resilient ancillary revenues, and disciplined capital allocation support long-term growth.
Fiscal Year 2024
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Record net room growth, strong adjusted EBITDA and EPS, and robust pipeline expansion marked 2024. 2025 guidance calls for accelerated room and revenue growth, with new credit and debit card initiatives expected to boost ancillary revenue.
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Q3 delivered 7% Adjusted EBITDA and 10% Adjusted EPS growth year-over-year, with record development pipeline, strong ancillary fee growth, and improved retention. Outlook for Q4 and 2025 is positive, driven by infrastructure demand, easier comps, and continued expansion.
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Q2 delivered 6% Adjusted EBITDA and 12% Adjusted EPS growth, with record pipeline expansion and robust room openings. 2024 RevPAR outlook is now flat, but EBITDA and EPS guidance remain strong, supported by cost discipline, share repurchases, and technology-driven ancillary revenue.