Wyndham Hotels & Resorts, Inc. · NYSE:WH
Wyndham Hotels & Resorts — Q3 2026 Earnings Presentation
35 slides from Wyndham Hotels & Resorts's earnings presentation, Oct 21, 2026
Slide 1: Investor Presentation
Investor Presentation October 21, 2026 ECHO Suites Extended Stay by Wyndham Middleburg, Florida, USA Opened August 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 ~8,500 877 ,0 00+ ~264 ,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 b est - in - class technology p artnerships Cloud Optimized Innovation Guest Agentic AI Solutions Technology Driving
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 and Infrastructure Spend CAPITALIZING ON U.S. DATA CENTER & STRONG OVERLAP OF WH FOOTPRINT INFRASTRUCTURE - RELATED SPEND AND DATA CENTER PROJECTS ▪ 350+ planned data center projects in the United States with a heavy
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 Wyndham Garden Belize City Grand Resort 6 Belize City, Belize Opened September 2026
Slide 7: Q3 2026 Performance Recap
Q3 2026 Performance Recap Ramada Encore by Wyndham Kochi 7 Kochi, India Opened September 2026
Slide 8: Third Quarter 2026 Performance Recap
Third Quarter 2026 Performance Recap 6% 2% U.S. RevPAR Global RevPAR vs. 2025 vs. 2025 (a) 4% 4% Net room Global pipeline growth YOY (b) growth YOY (b) $20 7 M $100M $123M Adjusted EBITDA ; F ree Capital returned to Comparable basis growth cash flow (d) shareholders; of +5% vs. 2025 (c) +22% higher
Slide 9: Broad-Based U.S. Strength and International Recovery Drive Global RevPAR Growth
Broad - Based U.S. Strength and International Recovery Drive Global RevPAR Growth U.S. RevPAR International RevPAR (constant currency) 6.0% (2.5%) 2.2% (6.4%) Q2 26 Q3 26 Q2 26 Q3 26 HEALTHIER DEMAND TRENDS ACROSS KEY MARKETS SUPPORT Q3 GLOBAL REVPAR GROWTH Strength in both occupancy and ADR at +3%
Slide 10: Pipeline Expansion Continues
Pipeline Expansion Continues Grew 4% YOY globally and 2% YOY in the U.S. TOTAL PIPELINE @ 9 /30/2026 GLOBAL COMPOSITION SEGMENT MIX Pipeline as a + 4% % of current 14% 17% 22% YOY midscale+ ~264K >2,200 42% portfolio: growth (a) 30% Global rooms Global hotels 58% U.S. Economy Brands 78% Midscale+ Br
Slide 11: Continued Openings Momentum Focused on Midscale+ and FeePAR Expansion
Continued Openings Momentum Focused on Midscale+ and FeePAR Expansion ACCELERATION OF INCREASINGLY MIDSCALE+ FEEPAR OPENINGS PIPELINE EXPANSION Gross Room Openings Midscale+ Pipeline Rooms 184K 18.4K + 6% + 13% Midscale+ EMEA/LATAM 18.0K YOY System YOY System 177K Growth Growth 14.2K 170K Midscale+
Slide 12: Expanding Globally
Wyndham Garden São Paulo Aclimação Wyndham Residences Piraeus Marina Zeas The Hayes Street Hotel, Trademark Collection Days Inn by Wyndham Singapore São Paulo, Brazil Athens, Greece Nashville, Tennessee, USA Novena, Singapore Opened September 2026 Opened July 2026 Opened August 2026 Opened July 2026
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 Ramada Resort by Wyndham Datça 14 Muğla, Türkiye Opened September 2026
Slide 15: 2026 Key Priorities
2026 Key Priorities Grow system - wide rooms Continue to establish a market - leading approximately 4% position in the extended stay segment Continued investment in brands Capture ancillary revenue growth opportunities, targeting high FeePAR and including credit card products and enhanced quality ad
Slide 16: Global RevPAR Outlook Raised to 0.5%-1.0%
Global RevPAR Outlook Raised to 0.5% - 1.0% Q3 26 U.S. REVPAR GREW 6.0%, …WITH KEY DEMAND DRIVERS FOR 380 BPS INCREASE SEQUENTIALLY… POTENTIAL FURTHER OUTPERFORMANCE U.S. RevPAR (Normalized) ▪ Continued public/private sector investment in infrastructure and AI 6.0% ▪ Sustained consumer preference fo
Slide 17: System Projected to Increase Approximately 4%
System Projected to Increase Approximately 4% SUSTAINED …PROVIDES RUNWAY TO PIPELINE GROWTH… FURTHER SYSTEM EXPANSION Global Pipeline Global System ~4% 263,900 258,700 868,900 251,500 835,700 803,700 239,500 (a) 2023 2024 2025 Q3 26 2023 2024 2025 2026E 17
Slide 18: Ancillary Revenue Growth Largely Independent of RevPAR Performance
Ancillary Revenue 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 ▪ New award - winning suite of co - branded domestic credit card products (#1
Slide 19: Resilient Model Delivering EBITDA Growth and Shareholder Returns
Resilient Model Delivering EBITDA Growth and Shareholder Returns Despite Economic Headwinds Raised 2026 Adjusted EBITDA Outlook Enhancing Shareholder Value Reflecting Q3 outperformance driven by stronger - than - expected U.S. RevPAR: Free Cash Flow Conversion 55% - 60% $740 - $745M $735 - $745M Lev
Slide 20: Appendix
Appendix Days Hotel by Wyndham Xi'an Ming City Wall 20 Xi’an, Shaanxi, China Opened September 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 @ 8.00 % $646,000 Hotel EBTDA ~$1,024,000 Cash - on - Cash Return
Slide 25: "Drive to" Destinations Not Reliant on Costly Air Travel or International Inbounds
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 Generations
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: Q3 2026 Corporate Responsibility Update
APPENDIX Q3 2026 Corporate Responsibility Update ▪ Strengthened community impact through the Wyndham Championship and Wyndham Championship Fore! Good , leveraging partnerships with First Tee –Central Carolina, Tesori Family Foundation, Forsyth Backpack and United Way to support children and families
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 Page 13 Data is approximated as of 9/30/26. Maturity schedule as of 9/30/26. Key money stats for FY 2025. (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. Page 5 (b) Based on 2026 estimated
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
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