$WH · WYNDHAM HOTELS & RESORTS, INC.
Wyndham Hotels & Resorts reported Q3 2026 results with net revenues up 7% to $410M, U.S. RevPAR surging 6% YoY, and system rooms growing 4% excluding Revo. Net income fell 6% to $99M ($1.33 diluted EPS) while adjusted EBITDA declined 3% to $207M — though on a comparable basis (neutralizing marketing fund variability), adjusted EBITDA rose 5% and adjusted diluted EPS rose ~9%. The company raised full-year adjusted EBITDA guidance to $740M–$745M and adjusted EPS to $4.84–$4.92, and announced a $400M increase in share repurchase authorization.
- U.S. RevPAR grew 6% YoY to $58.35, a 4-point sequential improvement, with broad-based strength across nearly all regions.
- System-wide rooms grew 4% YoY excluding Revo; development pipeline hit a record ~264,000 rooms, up 4%.
- Adjusted EBITDA of $207M declined 3% reported but rose 5% on a comparable basis excluding marketing fund variability.
- Board authorized a $400M increase in share repurchase authorization; Q3 buybacks totaled $91M, up 30% YoY.
- Full-year adjusted EPS guidance raised to $4.84–$4.92 from $4.71–$4.83; adjusted EBITDA outlook lifted to $740M–$745M.
Extended-hours last trade at $78.36 shows essentially no movement (+0.03% vs filing-time price). The strong U.S. RevPAR beat (+6% vs prior outlook of 0–1% global) and guidance raise may not yet be fully priced in given the after-hours session.
Wyndham delivered broad-based U.S. RevPAR outperformance, raised guidance, and added $400M in buyback firepower — a triple catalyst in a single print.
Wyndham's 6% U.S. RevPAR growth significantly outpaces the broader midscale/economy segment, suggesting market share gains. The 4% pipeline growth to a record ~264K rooms with a ~30% FeePAR premium signals sustained unit growth momentum versus peers.
China RevPAR declined 10% YoY on softer travel demand, particularly in Tier 2 cities. Revo Hospitality Group's ongoing insolvency creates room termination risk; international RevPAR fell 3% in constant currency.
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