Wyndham Hotels & Resorts Q3 2026 Earnings Call: U.S. RevPAR Up 6%, Guidance Raised
Source Tradingkey
Key Takeaways
- Wyndham Hotels & Resorts reported Q3 2026 net revenue of $410 million, up 7% year over year, while comparable adjusted EBITDA increased 5% to $207 million.
- Adjusted diluted EPS rose 9% on a comparable basis to $1.43, supported by EBITDA growth and share repurchases.
- U.S. RevPAR increased 6%, driven by an approximately 300-basis-point increase in occupancy and roughly 280 basis points of ADR growth. Global RevPAR rose 2% in constant currency.
- The company generated $100 million of quarterly free cash flow and $269 million year to date. It returned $123 million to shareholders during Q3 through $91 million of repurchases and $32 million of dividends.
- Wyndham raised the lower ends of its full-year revenue and adjusted EBITDA outlooks. Management now expects revenue of $1.48 billion to $1.50 billion and adjusted EBITDA of $740 million to $745 million.
- The development pipeline reached a record approximately 264,000 rooms across nearly 70 countries, marking the 25th consecutive quarter of pipeline growth.
Key Financial Data
| Metric | Q3 2026 result | Change or context |
|---|---|---|
| Net revenue | $410 million | Up 7% year over year |
| Adjusted EBITDA | $207 million | Up 5% on a comparable basis |
| Adjusted diluted EPS | $1.43 | Up 9% on a comparable basis |
| Free cash flow | $100 million | $269 million year to date |
| Global RevPAR | Up 2% | Constant-currency basis |
| U.S. RevPAR | Up 6% | Occupancy up approximately 300 basis points; ADR up approximately 280 basis points |
| International RevPAR | Down 3% | Improved nearly 400 basis points sequentially |
| Shareholder returns | $123 million | $91 million of buybacks and $32 million of dividends |
| Total liquidity | Nearly $1 billion | Net leverage ratio of 3.6x |
| Development pipeline | Approximately 264,000 rooms | Record pipeline across nearly 70 countries |
Business and Operating Performance
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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