Q2 2026 Wyndham Hotels & Resorts Inc Earnings Call Transcript
Key Points
- Wyndham Hotels & Resorts Inc (WH) reported a record opening of nearly 18,000 rooms, marking a 7% increase compared to the previous year.
- The company expanded its development pipeline to a record of approximately 261,000 rooms, with a FeePAR premium approximately 30% higher than existing systems.
- US RevPAR grew by 2%, surpassing expectations by 120 basis points, and adjusted EBITDA and EPS each grew by 3% on a comparable basis.
- Wyndham's loyalty program, Wyndham Rewards, was named the number one hotel rewards program by US News & World Report, contributing significantly to guest loyalty and engagement.
- The company has successfully launched AI-driven initiatives like Wyndham Connect and Wyndham AI Concierge, enhancing guest engagement and generating additional revenue for franchisees.
- Global RevPAR remained flat sequentially, with a 1% decline in constant currency, and international RevPAR declined by 6% in the second quarter.
- The Middle East experienced a significant RevPAR decline of 45%, and Germany's Revo portfolio continued to underperform due to insolvency issues.
- Net revenues declined by 6% year-over-year, primarily due to the absence of pass-through revenues from a global franchisee conference and lower other franchise fees.
- The company faced increased interest expenses, which partially offset the benefits of share repurchase activity.
- Deletions ticked up in the first half of the year, with pressures from the legacy TNL and Revo insolvency impacting domestic performance.
Welcome to the Wyndham Hotels & Resorts second-quarter 2026 earnings conference call. (Operator Instructions)
I would now like to turn the call over to Matt Capuzzi, Senior Vice President, Financial Planning and Analysis and Investor Relations.
Thank you, operator. Good morning, and thank you for joining us. With me today are Geoff Ballotti, our CEO, and Amit Sripathi, our CFO.
Before we get started, I want to remind you that our remarks today will contain forward-looking statements. These statements are subject to risk factors that may cause our actual results to differ materially from those expressed or implied. These risk factors are discussed in detail in our most recent annual report on Form 10-K filed with the Securities and Exchange Commission and any subsequent reports filed with the SEC.
We will also be referring to a number of non-GAAP measures. Corresponding GAAP measures and a reconciliation of non-GAAP measures to GAAP metrics
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
