PARSIPPANY, New Jersey—Wyndham Accommodations & Resorts introduced its outcomes for the fourth quarter and yr ended December 31, 2025.
Key Highlights
Highlights embrace:
- System-wide rooms grew 4 p.c year-over-year.
- Awarded 870 improvement contracts globally in 2025, a rise of 18 p.c year-over-year and an all-time excessive.
- Improvement pipeline grew 3 p.c year-over-year and 1 p.c sequentially to a file 259,000 rooms.
- Ancillary revenues elevated 15 p.c on a full-year foundation, marking an all-time excessive.
- Full-year 2025 diluted EPS decreased 31 p.c to $2.50 from $61 primarily reflecting non-cash impairment and other-related costs; nonetheless, adjusted diluted EPS elevated 6 p.c to $4.58, or roughly 6 p.c on a comparable foundation.
- Full-year 2025 web revenue decreased 33 p.c to $193 million from $289 million, primarily reflecting non-cash impairment and other-related costs; nonetheless, adjusted web revenue elevated 2 p.c to $353 million, or roughly 2 p.c on a comparable foundation.
- Full-year 2025 adjusted EBITDA elevated 3 p.c to $718 million, or 4 p.c on a comparable foundation, in step with the corporate’s expectations.
- Internet money offered by working actions of $367 million and adjusted free money circulation of $433
- Returned $393 million to shareholders for the full-year via $266 million of share repurchases and quarterly money dividends of $41 per share.
- The Board of Administrators lately approved a 5 p.c improve within the quarterly money dividend to $0.43 per share, starting with the dividend anticipated to be declared within the first quarter of 2026.
“Our groups all over the world opened a file 72,000 rooms, delivered 4 p.c international web room development, and grew our international improvement pipeline to a file 259,000 rooms,” stated Geoff Ballotti, president and chief government officer. “Regardless of continued damaging U.S. RevPAR strain, we grew full-year comparable-basis adjusted EBITDA and adjusted EPS in 2025 by 4 p.c and 6 p.c, respectively, generated adjusted free money circulation of greater than $430 million, and returned almost $400 million to shareholders. As demand developments enhance and RevPAR stabilizes, we stay assured in our long-term technique whereas creating compounding worth for franchisees, company, and shareholders.”
System Dimension and Improvement
The corporate’s international system grew 4 p.c, together with 1 p.c development within the U.S. and seven p.c development within the Firm’s greater RevPAR EMEA and Latin America areas.
As of December 31, 2025, the corporate’s international improvement pipeline elevated 3 p.c vs. the prior yr to a record-high stage of roughly 2,200 inns and 259,000 rooms. Key highlights embrace:
- 3 p.c pipeline development in each the U.S. and internationally
- Roughly 70 p.c of the pipeline is within the midscale and above segments, which grew 3 p.c year-over-year
- Roughly 17 p.c of the pipeline is within the extended-stay section
- Roughly 42 p.c of the pipeline is within the U.S.
- Roughly 77 p.c of the pipeline is new building, and roughly 36 p.c of those tasks have damaged floor; rooms underneath building grew 3 p.c year-over-year
RevPAR
Fourth quarter international RevPAR decreased 6 p.c in fixed forex in comparison with 2024, reflecting declines of 8 p.c within the U.S. and 1 p.c internationally.
Within the U.S., fourth-quarter outcomes included roughly 140 foundation factors of unfavorable hurricane impacts; excluding which, RevPAR declined roughly 610 foundation factors year-over-year, reflecting a 360 basis-point discount in occupancy and a 250 basis-point decline in ADR. Softer ends in Florida, Texas, and California have been partially offset by continued energy throughout the Midwest.
Internationally, fixed forex development of seven p.c in EMEA and 6 p.c in Latin America, every mirrored each improved demand and pricing energy, whereas development of 1 p.c in Canada was pushed by pricing energy, partially offset by decrease demand. The expansion in these areas was greater than offset by softness in Asia Pacific, together with China, the place RevPAR declined 10 p.c.
For the full-year, international RevPAR decreased 3 p.c in fixed forex in comparison with 2024, in step with the corporate’s outlook, reflecting a 4 p.c decline within the U.S. and flat development internationally. U.S. outcomes mirrored a 270 basis-point discount in occupancy and a 120 basis-point decline in ADR.
Working Outcomes
Fourth Quarter
The comparability of the corporate’s fourth-quarter outcomes is impacted by advertising fund variability. The corporate’s reported outcomes and comparable-basis outcomes (adjusted to neutralize these impacts) are introduced beneath to reinforce transparency and supply a greater understanding of the outcomes of the corporate’s ongoing operations.
- Charge-related and different revenues have been $334 million in comparison with $341 million within the fourth quarter of 2024, reflecting a 5 p.c decline in RevPAR and decrease different franchise charges, partially offset by a 19 p.c improve in ancillary income and international web room development of 4 p.c.
- The corporate generated a web lack of $60 million in comparison with web revenue of $85 million within the fourth quarter of 2024, reflecting impairment and other-related prices, decrease adjusted EBITDA, and better curiosity expense. Adjusted web revenue was $71 million in comparison with $82 million within the fourth quarter of 2024.
- Adjusted EBITDA decreased 2 p.c to $165 million in comparison with $168 million within the fourth quarter of 2024. This lower included a $7 million unfavorable affect from anticipated advertising fund variability, excluding which adjusted EBITDA grew 2 p.c on a comparable foundation. This development primarily displays elevated ancillary revenues and value containment measures, together with each operational efficiencies and one-time variable reductions, partially offset by decrease royalties and franchise charges and elevated prices related to insurance coverage, litigation protection, and worker advantages—all of that are reflective of the broader working atmosphere.
- The corporate generated diluted loss per share of $0.80 in comparison with diluted earnings per share of $1.08 within the fourth quarter of 2024, which primarily displays decrease web revenue, partially offset by the good thing about a decrease share depend attributable to share repurchase exercise.
- Adjusted diluted EPS decreased 11 p.c to $0.93 in comparison with $1.04 within the fourth quarter of 2024. This lower included an unfavorable affect of $07 per share associated to advertising fund variability (after estimated taxes). On a comparable foundation, adjusted diluted EPS decreased roughly 4 p.c year-over-year, primarily reflecting the next efficient tax fee, as anticipated, in addition to greater curiosity expense, partially offset by comparable adjusted EBITDA development and the good thing about share repurchase exercise.
Full Yr
The comparability of the corporate’s full-year 2025 outcomes is impacted by advertising fund variability. The corporate’s reported outcomes and comparable-basis outcomes (adjusted to neutralize these impacts) are introduced beneath to reinforce transparency and supply a greater understanding of the outcomes of the Firm’s ongoing operations.
- Charge-related and different revenues grew 2 p.c to $1.43 billion in comparison with $1.40 billion in full-year 2024, which displays a 15 p.c improve in ancillary revenues, greater pass-through revenues as a result of firm’s international franchisee convention, and a 4 p.c improve in international web room development, partially offset by a 3 p.c decline in RevPAR.
- Internet revenue decreased 33 p.c to $193 million in comparison with $289 million in full-year 2024, reflecting greater impairment and other-related prices, greater curiosity expense, and the absence of a profit in reference to the reversal of a spin-off associated matter, which have been partially offset by greater adjusted EBITDA and decrease transaction-related bills in reference to defending an unsuccessful hostile takeover try. Adjusted web revenue was $353 million in comparison with $347 million in full-year 2024.
- Adjusted EBITDA grew 3 p.c to $718 million in comparison with $694 million in full-year 2024. This improve included a $2 million unfavorable affect, as anticipated, from advertising fund variability, excluding which adjusted EBITDA grew 4 p.c on a comparable foundation, primarily reflecting greater revenues and value containment measures, together with each operational efficiencies and one-time variable reductions, which have been partially offset by decrease royalties and franchise charges, together with elevated prices related to insurance coverage, litigation protection and worker advantages, that are all reflective of the broader working atmosphere.
- Diluted earnings per share decreased 31 p.c to $2.50 in comparison with $3.61 in full-year 2024, which primarily displays decrease web revenue, partially offset by the good thing about a decrease share depend attributable to share repurchase exercise.
- Adjusted diluted EPS grew 6 p.c to $4.58 in comparison with $4.33 in full-year 2024. This improve included an unfavorable affect of $0.02 per share, as anticipated, associated to advertising fund variability (after estimated taxes). On a comparable foundation, adjusted diluted EPS elevated roughly 6 p.c year-over-year, reflecting comparable adjusted EBITDA development and the good thing about share repurchase exercise, partially offset by greater curiosity expense.
