Wyndham Hotels & Resorts, Inc. (WH) Earnings
Wyndham Hotels & Resorts, Inc. is expected to report next earnings on July 22, 2026 (in NaN days), with a consensus EPS estimate of $1.40. WH has beaten EPS estimates in 11 of its last 12 reported quarters (average surprise +8.7% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $0.85 | $0.96 | +12.9% | $327M | +1.6% |
| Feb 18, 2026 | $0.89 | $0.93 | +4.5% | $334M | -0.8% |
| Oct 22, 2025 | $1.42 | $1.46 | +2.8% | $382M | +13.1% |
| Jul 23, 2025 | $1.16 | $1.33 | +14.7% | $397M | -2.3% |
| Apr 30, 2025 | $0.82 | $0.86 | +5.3% | $316M | -0.4% |
| Feb 12, 2025 | $1.00 | $1.04 | +4.0% | $341M | -1.0% |
| Oct 23, 2024 | $1.38 | $1.39 | +0.7% | $396M | +14.8% |
| Jul 24, 2024 | $1.03 | $1.13 | +9.7% | $367M | -13.7% |
| Apr 24, 2024 | $0.75 | $0.78 | +4.0% | $305M | -1.1% |
| Feb 14, 2024 | $0.90 | $0.91 | +1.1% | $321M | -0.9% |
| Oct 25, 2023 | $1.25 | $1.31 | +4.8% | $402M | +1.7% |
| Jul 26, 2023 | $0.92 | $0.93 | +1.1% | $362M | -0.5% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 30, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Strong start to the year with RevPAR improvements and development momentum. - Development pipeline grew to a record over 259,000 rooms. - Ancillary revenues grew 21%. - Delivered $64 million free cash flow and returned $85 million to shareholders. - AI initiatives driving efficiency, cost savings, and revenue growth. - Wyndham Rewards experiences platform and partnerships creating unique member experiences. - Strong presence at AHOA Con 26 with high developer enthusiasm for brands and AI technology.
Guidance
- Reaffirmed global net room growth expectation of 4% to 4.5%. - Raised global REVPAR outlook to range of up 1% to down 1%. - Net revenues expected to be $1.47 billion to $1.5 billion. - Adjusted EBITDA outlook range remains $730 million to $745 million. - Adjusted net income range $351 million to $365 million. - Adjusted diluted EPS outlook range $4.62 to $4.80. - Marketing fund expected to break even full year. - Exercised rights to foreclose on and take ownership of two REVO properties in Europe, expecting $10 million net revenues from them in 2026.
Segment performance
Net revenues were $327 million, adjusted EBITDA was $156 million. Ancillary revenues increased 21%. Global RevPAR improved 450 basis points sequentially. Domestic RevPAR excluding hurricane impact improved over 600 basis points. International RevPAR was down 1% in constant currency. Canada RevPAR increased 8%. EMEA RevPAR grew 1%. Mexico RevPAR fell. Latin America RevPAR excluding Mexico increased 11%. Asia Pacific RevPAR improved nearly 700 basis points. Net rooms grew 4% globally. Domestic net rooms were flat due to affiliate room exits. International net rooms grew 9%. Ancillary revenues driven by Wyndham Rewards credit card products and strategic partnerships. Wyndham Rewards occupancy contribution was 540 basis points, membership enrollments grew 10%, collective length of stay grew 6%.
Risks & headwinds
- Impact of marketing fund timing on comparability of financial results. - Uncertainty related to REVO's ongoing insolvency proceedings and its impact on financials. - Deflationary environment in China affecting ADR. - Seasonality and limited visibility into peak leisure summer months impacting REVPAR expectations.
Analyst Q&A
Q: Big picture on demand side, where and when did REVPAR improvement start and how much of April is demand vs easier comps?
A: Began in January, saw improvement in states like Texas, California, Florida, Midwest. April STR shows U.S. economy occupancy up 140 basis points to prior year, Wyndham's economy brands outperforming.
Q: Business travel vs leisure travel, talk more on leisure?
A: Saw improvement in cancellation rates, booking lead times, lengths of stay. Tax refunds have potential to unlock discretionary spending. Expect stronger June, July with FIFA and other events.
Q: How have AI initiatives benefited Wyndham and owners?
A: Driven incremental revenue, increased direct bookings, saved labor costs, improved guest satisfaction. 300 basis points incremental direct contribution, 400 basis points guest satisfaction uptick.
Q: Commentary on China performance?
A: China REVPAR improved 540 basis points, occupancy up 8%, ADR still an issue. Development pipeline growing, direct franchising system growing, royalty rates increasing.
Q: U.S. rooms growth, impact of affiliate rooms?
A: U.S. system pressured by affiliate room exits, but development pipeline strong with new contracts, economy rooms stabilizing.
Q: REVPAR guide and credit card business runway?
A: REVPAR guide considers Q1 outperformance and April momentum. Credit card business has long runway with expansion into other markets and other ancillary initiatives.