Wyndham Hotels & Resorts Reports Q4 and Full-Year 2025 Results

PARSIPPANY, New Jersey—Wyndham Hotels & Resorts reported its fourth-quarter and full-year 2025 outcomes.

Key Highlights

Highlights embrace:

• System-wide rooms grew 4 % year-over-year.
• Awarded 870 growth contracts globally in 2025, a rise of 18 % year-over-year and an all-time excessive.
• Growth pipeline grew 3 % year-over-year and 1 % sequentially to a report 259,000 rooms.
• Ancillary revenues elevated 15 % on a full-year foundation, marking an all-time excessive.
• Full-year 2025 diluted EPS decreased 31 % to $2.50 from $61 primarily reflecting non-cash impairment and other-related expenses; nonetheless, adjusted diluted EPS elevated 6 % to $4.58, or roughly 6 % on a comparable foundation.
• Full-year 2025 internet revenue decreased 33 % to $193 million from $289 million, primarily reflecting non-cash impairment and other-related expenses; nonetheless, adjusted internet revenue elevated 2 % to $353 million, or roughly 2 % on a comparable foundation.
• Full-year 2025 adjusted EBITDA elevated 3 % to $718 million, or 4 % on a comparable foundation, according to the corporate’s expectations.
• Internet money offered by working actions of $367 million and adjusted free money move of $433
• Returned $393 million to shareholders for the full-year by means of $266 million of share repurchases and quarterly money dividends of $41 per share.
• The Board of Administrators lately approved a 5 % improve within the quarterly money dividend to $0.43 per share, starting with the dividend anticipated to be declared within the first quarter of 2026.

“Our groups around the globe opened a report 72,000 rooms, delivered 4 % world internet room development, and grew our world growth pipeline to a report 259,000 rooms,” mentioned Geoff Ballotti, president and chief government officer. “Regardless of continued destructive U.S. RevPAR stress, we grew full-year comparable-basis adjusted EBITDA and adjusted EPS in 2025 by 4 % and 6 %, respectively, generated adjusted free money move of greater than $430 million, and returned practically $400 million to shareholders. As demand traits enhance and RevPAR stabilizes, we stay assured in our long-term technique whereas creating compounding worth for franchisees, company, and shareholders.”

System Measurement and Growth

The corporate’s world system grew 4 %, together with 1 % development within the U.S. and seven % development within the Firm’s increased RevPAR EMEA and Latin America areas.

As of December 31, 2025, the corporate’s world growth pipeline elevated 3 % vs. the prior yr to a record-high degree of roughly 2,200 lodges and 259,000 rooms. Key highlights embrace:

• 3 % pipeline development in each the U.S. and internationally
• Roughly 70 % of the pipeline is within the midscale and above segments, which grew 3 % year-over-year
• Roughly 17 % of the pipeline is within the extended-stay phase
• Roughly 42 % of the pipeline is within the U.S.
• Roughly 77 % of the pipeline is new development, and roughly 36 % of those initiatives have damaged floor; rooms beneath development grew 3 % year-over-year

RevPAR

Fourth quarter world RevPAR decreased 6 % in fixed foreign money in comparison with 2024, reflecting declines of 8 % within the U.S. and 1 % internationally.

Within the U.S., fourth-quarter outcomes included roughly 140 foundation factors of unfavorable hurricane impacts; excluding which, RevPAR declined roughly 610 foundation factors year-over-year, reflecting a 360 basis-point discount in occupancy and a 250 basis-point decline in ADR. Softer ends in Florida, Texas, and California have been partially offset by continued power throughout the Midwest.

Internationally, fixed foreign money development of seven % in EMEA and 6 % in Latin America, every mirrored each improved demand and pricing energy, whereas development of 1 % in Canada was pushed by pricing energy, partially offset by decrease demand. The expansion in these areas was greater than offset by softness in Asia Pacific, together with China, the place RevPAR declined 10 %.

For the full-year, world RevPAR decreased 3 % in fixed foreign money in comparison with 2024, according to the corporate’s outlook, reflecting a 4 % decline within the U.S. and flat development internationally. U.S. outcomes mirrored a 270 basis-point discount in occupancy and a 120 basis-point decline in ADR.

Working Outcomes

Fourth Quarter

The comparability of the corporate’s fourth-quarter outcomes is impacted by advertising and marketing fund variability.  The corporate’s reported outcomes and comparable-basis outcomes (adjusted to neutralize these impacts) are introduced beneath to reinforce transparency and supply a greater understanding of the outcomes of the corporate’s ongoing operations.

• Payment-related and different revenues have been $334 million in comparison with $341 million within the fourth quarter of 2024, reflecting a 5 % decline in RevPAR and decrease different franchise charges, partially offset by a 19 % improve in ancillary income and world internet room development of 4 %.
• The corporate generated a internet lack of $60 million in comparison with internet revenue of $85 million within the fourth quarter of 2024, reflecting impairment and other-related prices, decrease adjusted EBITDA, and better curiosity expense. Adjusted internet revenue was $71 million in comparison with $82 million within the fourth quarter of 2024.
• Adjusted EBITDA decreased 2 % to $165 million in comparison with $168 million within the fourth quarter of 2024. This lower included a $7 million unfavorable impression from anticipated advertising and marketing fund variability, excluding which adjusted EBITDA grew 2 % on a comparable foundation. This development primarily displays elevated ancillary revenues and value containment measures, together with each operational efficiencies and one-time variable reductions, partially offset by decrease royalties and franchise charges and elevated prices related to insurance coverage, litigation protection, and worker advantages—all of that are reflective of the broader working surroundings.
• The corporate generated diluted loss per share of $0.80 in comparison with diluted earnings per share of $1.08 within the fourth quarter of 2024, which primarily displays decrease internet revenue, partially offset by the advantage of a decrease share depend as a result of share repurchase exercise.
• Adjusted diluted EPS decreased 11 % to $0.93 in comparison with $1.04 within the fourth quarter of 2024. This lower included an unfavorable impression of $07 per share associated to advertising and marketing fund variability (after estimated taxes). On a comparable foundation, adjusted diluted EPS decreased roughly 4 % year-over-year, primarily reflecting a better efficient tax price, as anticipated, in addition to increased curiosity expense, partially offset by comparable adjusted EBITDA development and the advantage of share repurchase exercise.

Full Yr

The comparability of the corporate’s full-year 2025 outcomes is impacted by advertising and marketing fund variability. The corporate’s reported outcomes and comparable-basis outcomes (adjusted to neutralize these impacts) are introduced beneath to reinforce transparency and supply a greater understanding of the outcomes of the Firm’s ongoing operations.

• Payment-related and different revenues grew 2 % to $1.43 billion in comparison with $1.40 billion in full-year 2024, which displays a 15 % improve in ancillary revenues, increased pass-through revenues as a result of firm’s world franchisee convention, and a 4 % improve in world internet room development, partially offset by a 3 % decline in RevPAR.
• Internet revenue decreased 33 % to $193 million in comparison with $289 million in full-year 2024, reflecting increased impairment and other-related prices, increased curiosity expense, and the absence of a profit in reference to the reversal of a spin-off associated matter, which have been partially offset by increased adjusted EBITDA and decrease transaction-related bills in reference to defending an unsuccessful hostile takeover try. Adjusted internet revenue was $353 million in comparison with $347 million in full-year 2024.
• Adjusted EBITDA grew 3 % to $718 million in comparison with $694 million in full-year 2024. This improve included a $2 million unfavorable impression, as anticipated, from advertising and marketing fund variability, excluding which adjusted EBITDA grew 4 % on a comparable foundation, primarily reflecting increased revenues and value containment measures, together with each operational efficiencies and one-time variable reductions, which have been partially offset by decrease royalties and franchise charges, together with elevated prices related to insurance coverage, litigation protection and worker advantages, that are all reflective of the broader working surroundings.
• Diluted earnings per share decreased 31 % to $2.50 in comparison with $3.61 in full-year 2024, which primarily displays decrease internet revenue, partially offset by the advantage of a decrease share depend as a result of share repurchase exercise.
• Adjusted diluted EPS grew 6 % to $4.58 in comparison with $4.33 in full-year 2024. This improve included an unfavorable impression of $0.02 per share, as anticipated, associated to advertising and marketing fund variability (after estimated taxes). On a comparable foundation, adjusted diluted EPS elevated roughly 6 % year-over-year, reflecting comparable adjusted EBITDA development and the advantage of share repurchase exercise, partially offset by increased curiosity expense.