Wyndham Hotels & Resorts, Inc. · NYSE:WH
Wyndham Hotels & Resorts — Q2 2026 Earnings Presentation
35 slides from Wyndham Hotels & Resorts's earnings presentation, Jul 23, 2026
Slide 1: Investor Presentation
Investor Presentation July 22, 2026 Wyndham Grand Carvoeiro Algarve Carvoeiro, Portugal Opened April 2026
Slide 2: Introduction to Wyndham Hotels & Resorts
Introduction to Wyndham Hotels & Resorts Asset - light Leading brands Primarily One of the largest business model in the resilient leisure - focused, hotel franchisors generating select - service “drive to” portfolio worldwide significant free cash segment of hotels flow ~8,400 873 ,000+ ~261 ,000 ~
Slide 3: Technology Forward Foundation Powering AI Initiatives
Technology Forward Foundation Powering AI Initiatives AI Improving Wyndham Value Proposition Harnessing the power of i ndustry - leading AI on optimized cloud infrastructure through technology p artnerships Cloud Optimized Innovation Guest Agentic AI Solutions Technology Driving Owner AI Powered Sol
Slide 4: Well Positioned for Multi-Year Demand Opportunity Created by Data Center Expansion
Well Positioned for Multi -Year Demand Opportunity Created by Data Center Expansion TAPPING INTO THE U.S. DATA STRONG OVERLAP OF WH FOOTPRINT CENTER EXPANSION AND DATA CENTER PROJECTS ▪ 300+ planned data center projects in the United States with a heavy Wyndham presence ▪ Well positioned to capture
Slide 5: Leading the Industry with Best-in-Class Profitability and Superior Returns
Leading the Industry with Best - in - Class Profitability and Superior Returns BEST - IN - INDUSTRY LEADING LODGING C - CORPS MARGINS IN CAPITAL RETURN Adj. EBITDA Margin (a) Total Five -Year Capital Return as % of Market Cap (b) 83% 77% 75% 64% 37% 54% 36% 34% 34% 32% 33% 26% FREE CASH FLOW YIELD E
Slide 6: WH Investment Thesis
WH Investment Thesis ASSET - LIGHT, HIGHLY - RESILIENT, FEE - BASED FRANCHISE BUSINESS MODEL GENERATING HIGH MARGINS AND PRODIGIOUS FREE CASH FLOW La Quinta Inn & Suites and Hawthorn Extended Stay by Wyndham Mebane, North Carolina, USA 6 Opened May 2026
Slide 7: Q2 2026 Performance Recap
Q2 2026 Performance Recap ECHO Suites Extended Stay by Wyndham Bozeman, Montana, USA 7 Opened April 2026
Slide 8: Second Quarter 2026 Performance Recap
Second Quarter 2026 Performance Recap 2% ( 1% ) U.S. RevPAR Global RevPAR vs. 2025 compared to vs. 2025 (a) 1% expectations 4% 4% Net room Global pipeline growth YOY (b) growth YOY (b) $212M $105M $86M Adjusted F ree Capital returned to EBITDA (c) cash flow (d) shareholders 8
Slide 9: Pipeline Expansion Continues
Pipeline Expansion Continues TOTAL PIPELINE @ 6/30/2026 GLOBAL COMPOSITION SEGMENT MIX Pipeline as a +4% % of current 14% 17% 22% YOY midscale+ ~261K >2,200 42% portfolio: growth (a) 30% Global rooms Global hotels 58% U.S. Economy Brands 78% Midscale+ Brands International 69% Midscale+ Economy Brand
Slide 10: Continued Openings Momentum
Continued Openings Momentum Focused on Midscale+ and FeePAR Expansion RECORD LEVEL INCREASINGLY MIDSCALE+ FEEPAR OPENINGS PIPELINE EXPANSION Gross Room Openings Midscale+ Pipeline Rooms (a) 31.7K 180K +6% + 11% Midscale+ EMEA/LATAM 178K YOY System YOY System Growth Growth (a) 30.5K Midscale+ YTD Ope
Slide 11: RevPAR Recovery Driven by ADR and Occupancy Improvement
RevPAR Recovery Driven by ADR and Occupancy Improvement Q2 sequential improvement reflects a ~700 bps benefit from TX/FL/ CA and strength in both leisure and business trends U.S. RevPAR (Normalized) 2.2% 1.6% 0.6% 0.2% 0.1% (0.1%) (2.3%) (2.8%) (2.6%) (3.6%) (5.0%) (6.1%) Q3 25 Q4 25 Q1 26 Q2 26 ADR
Slide 12: Expanding Globally in Key Markets
The Winfield Lofts, a Wyndham Hotel Vienna House by Wyndham Hotel Troy, Trademark Collection by Wyndham Days Hotel by Wyndham Bortala Jinghe Los Angeles, California, USA Ho Chi Minh, Vietnam Parsippany, NJ, USA Jinghe, China Opened June 2026 Opened April 2026 Opened June 2026 Opened June 2026 Expand
Slide 13: Maximizing Capital Allocation For All Stakeholders
Maximizing Capital Allocation For All Stakeholders MAINTAIN STRONG RETURN EXCESS CAPITAL BALANCE SHEET INVEST IN BUSINESS TO SHAREHOLDERS ~$1 billion of liquidity Strategic deployment of capital to accelerate Targeting mid -30s dividend payout ratio growth primarily in higher RevPAR, Total leverage
Slide 14: 2026 Focus
2026 Focus BUILDING BLOCKS IN PLACE TO MAXIMIZE NEAR -TERM GROWTH Wyndham Garden Durango, Mexico 14 Opened June 2026
Slide 15: 2026 Key Priorities
2026 Key Priorities Grow system - wide rooms Continue to establish a market - leading 4.0% - 4.5% position in the extended stay segment Continued investment in brands Capture ancillary revenue growth opportunities, targeting high FeePAR additions including credit card products and strategic partners
Slide 16: Global RevPAR Outlook Raised to 0%–1%
Global RevPAR Outlook Raised to 0% – 1% Driven by Strong 1H U.S. RevPAR Recovery Q2 26 U.S. REVPAR GREW 2.2% or …WITH KEY DEMAND DRIVERS FOR ~120 BPS ABOVE +1% EXPECTATIONS… POTENTIAL FURTHER OUTPERFORMANCE U.S. RevPAR (Normalized) ▪ Continued public/private sector 2.2% ~2% investment in infrastruct
Slide 17: System Projected to Increase 4.0%-4.5%
System Projected to Increase 4.0% - 4.5% SUSTAINED …PROVIDES RUNWAY TO PIPELINE GROWTH… FURTHER SYSTEM EXPANSION Global Pipeline Global System 260,800 4.0% - 4.5% (a) 258,700 868,900 251,500 835,700 239,500 803,700 2023 2024 2025 Q2 26 2023 2024 2025 2026E 17
Slide 18: Ancillary Fee Growth Largely Independent of RevPAR Performance
Ancillary Fee Growth Largely Independent of RevPAR Performance Contractual revenue sources offer stability regardless of travel demand SIGNIFICANT GROWTH …DRIVEN BY INCREMENTAL POISED TO CONTINUE… GROWTH OPPORTUNITIES ▪ Co - branded credit card generating revenue from all cardholder spend +15% Low -
Slide 19: Resilient Model Delivering EBITDA Growth and Shareholder Returns
Resilient Model Delivering EBITDA Growth and Shareholder Returns Despite Economic Headwinds 2026 Adjusted EBITDA Outlook Enhancing Shareholder Value (in millions) ~6 -7% Free Cash Flow Conversion Growth (b) 55% - 60% $44 - $54 (~$15) (~$12) $735 - $745 Leverage on Incremental $718 Adjusted EBITDA Gr
Slide 20: Appendix
Appendix The Monarch Hotel, HQ Collection New Orleans, Louisiana, USA 20 Opened April 2026
Slide 21: Revo Update and Impact
APPENDIX Revo Update and Impact BACKGROUND & IMPACT TO NET ROOM GROWTH ▪ During the preparation of its year - end 2025 financial statements, Wyndham learned that Revo Hospitality Group (“Revo”), a large European franchisee, filed for insolvency proceedings under self - administration. ▪ The Company
Slide 22: 2026 Planning - Sensitivities
APPENDIX 2026 Planning - Sensitivities Driver - Based Non - RevPAR Adjusted vs. 2025 Ancillary vs. 2025 EBITDA Sensitivities Royalties & Franchise Fees (millions) Marketing, Reservation & License Other Loyalty Fees Fees Revenues U.S. International RevPAR & NRG (1 point) ~$3.2 ~$1.0 Based on our FY26
Slide 23: Compelling Value Proposition for Franchisees
APPENDIX Compelling Value Proposition for Franchisees . . . Industry - leading central reservation One of the world’s largest hotel franchisors systems deliver ~$8 out of every $10 leverages pricing power to deliver on - to U.S. franchisees property cost savings for owners Industry’s #1 hotel loyalt
Slide 24: That Continues to Deliver Strong Returns
APPENDIX . . . That Continues to Deliver Strong Returns Cost per room ~$93,000 Loan - to - value ~70% Franchisee Investment $3,500,000 RevPAR $60.00 Revenues $2,716,000 Operating expenses $815,000 Brand fees $231,000 Interest expense @ 7.25% $585,000 Hotel EBTDA ~$1,100,000 Cash - on - Cash Return u
Slide 25: Drive to Destinations Not Reliant on Costly Air Travel
APPENDIX “Drive to” Destinations Not Reliant on Costly Air Travel or International Inbounds 87% U.S. HOTELS 97% OF U.S. GUESTS IN “DRIVE TO” LOCATIONS ORIGINATE DOMESTICALLY Suburban 35% U.S. 97% Interstate 27% 87% Europe 1% Small Metro 25% Canada 1% Airport 5% Latin America 1% Urban 5% Resorts 3% A
Slide 26: Our U.S. Guests are Middle-Class and Increasingly Younger
APPENDIX Our U.S. Guests are Middle - Class and Increasingly Younger Generations That Prioritize Travel GEN Y/Z GUESTS U.S. Household Income AS % OF TOTAL First Second Third Fourth Fifth Quintile Quintile Quintile Quintile Quintile 34% $34,000 $64,000 $102,000 <$34,000 >$164,000 - 64,000 - 102,000 -
Slide 27: Leisure Guests Power Our Business, Essential Workers Provide a Durable Base
APPENDIX Leisure Guests Power Our Business, Essential Workers Provide a Durable Base ~70% LEISURE FOCUS; ~20% INFRASTRUCTURE Leisure Travel 70% Infrastructure 20% Logistics/ Other 8% Corporate Transient 2% Group Business < 1% Represents percentage of U.S. gross room revenues for full - year 2025. 27
Slide 28: Q2 2026 Corporate Responsibility Update
APPENDIX Q2 2026 Corporate Responsibility Update ▪ Released 2026 Corporate Responsibility Report, which showcases our core values - Integrity, Accountability, Inclusive, Caring, and Fun – that continue to shape how we do business and help us create opportunity and impact. ▪ Updated human trafficking
Slide 29: Strong and Experienced Leadership Team
Strong and Experienced Leadership Team • Served as President and Chief Executive Officer of • Served as Chief Development Officer of Wyndham Hotels Wyndham Hotel Group (2014 – 2018) & Resorts (2024 – 2026) • Served as Chief Executive Officer of Wyndham Destination Network (2008 – 2014) • Served as S
Slide 30: Wyndham Family of Brands
APPENDIX Wyndham Family of Brands Wherever people go, Wyndham will be there to welcome them. 30 Vienna House brand acquisition also included Vienna House Easy midscale brand; Dazzler brand includes extension Dazzler Selec t i n the economy segment.
Slide 31: Footnotes
APPENDIX Footnotes Page 2 Data is approximated as of 6/30/26. Page 13 Maturity schedule as of 6/30/26. Key money stats for FY 2025. Page 5 (a) Based on 2024 and 2025 actual adjusted net income and annualized $0.38 for 2024 and $0.41 for 2025 per share quarterly dividend. Reconciliations of non-GAAP
Slide 32: Non-GAAP Reconciliations
APPENDIX Non - GAAP Reconciliations The following tables reconcile certain non - GAAP financial measures. The presentation of these adjustments is intended to permit the comparison of particular adjustments as they appear in the income statement in order to assist investors’ understanding of the ove
Slide 33: Non-GAAP Reconciliations
APPENDIX Non - GAAP Reconciliations The following table reconciles certain non - GAAP financial measures. We believe free cash flow to be a useful operating performance measure to us and investors. This measure helps us and investors evaluate our ability to generate cash beyond what is needed to fun
Slide 34: Definitions
APPENDIX Definitions Adjusted EBITDA: Represents net income excluding net interest expense, depreciation and amortization, early extinguishment of debt charges, im pa irment and other - related charges (including Revo - related charges), restructuring and other - related charges, contract terminatio
Slide 35: Disclaimer
APPENDIX Disclaimer Disclaimer: This presentation and the information contained herein are solely for informational purposes. The information contained in th is presentation, including the forward - looking statements herein, is provided as of the date of this presentation and may change materially
Wyndham Hotels & Resorts — Q2 2026 Earnings Presentation on 6ix