Wyndham Hotels & Resorts Stock Earnings Reports

Wyndham reported a stronger-than-expected start to 2026 driven by U.S. select-service RevPAR recovery and ongoing development momentum. Key operating and financial highlights: global net room growth of ~4% (system growth 4%), record development pipeline of >259,000 rooms (2,200 hotels), ancillary revenues up 21% (helped by a renewed co-branded credit card), Wyndham Rewards members 124 million with domestic Wyndham Rewards-driven occupancy contribution at a record 54%, and free cash flow of $64 million. First-quarter net revenues were $327 million, adjusted EBITDA $156 million, and adjusted diluted EPS $0.96. The company returned $85 million to shareholders in Q1 ($51M buybacks, $34M dividends), ended the quarter with ~$1.1 billion liquidity and net leverage ~3.5x, and issued $650 million of senior unsecured notes at 5.625% to refinance revolver/term debt. Management reiterated discipline on development spend while noting that new openings and conversions are skewing toward higher-PPAR, higher-fee segments (extended stay, upper midscale/upscale). Wyndham emphasized its $450+ million technology investment and rapid AI rollout (Wyndham Connect/Wyndham Connect+), with ~1,100 hotels live on advanced AI call/chat agents delivering improved conversion and cost savings (management cited ~300 bps incremental direct contribution for hotels on the platform). Guidance updates: reaffirmed full-year global net room growth 4–4.5% (excluding potential Revo impacts), raised global RevPAR outlook to a range of +1% to -1%, adjusted EBITDA unchanged at $730–745 million, adjusted net income updated to $351–365 million (reflecting higher interest expense), and adjusted diluted EPS range unchanged at $4.62–$4.80. Management also exercised remedies related to Revo insolvency and foreclosed two European properties expected to add about $10 million revenue in 2026 with limited near-term earnings impact.