Wyndham Hotels & Resorts, Inc. (WH) SEC Filings & Earnings Calls

Revo insolvency uncertainty

“Such insolvency proceeding may not be resolved for several years and thus we are subject to uncertainty with respect to any potential recovery we may receive, as well as the ongoing viability of our franchise agreements and related loss of rooms and any future revenues.” · word for word

China demand weakness

“Growth in these regions was offset by China, where RevPAR declined 10% year-over-year as softer travel demand, particularly in Tier 2 cities, continued to pressure performance.” · word for word

Marketing expense timing risk

“$26 million of higher marketing, reservation and loyalty expenses primarily due to timing of spending” · word for word

China RevPAR decline of 10% YoY due to softer travel demand, particularly in Tier 2 cities.

“China, where RevPAR declined 10% year-over-year as softer travel demand, particularly in Tier 2 cities, continued to pressure performance.” · word for word

Franchisee Insolvency

“We removed all Revo-related revenue recognition from our 2026 reported results and outlook given the uncertainty on expected outcomes and collectability.” · word for word

Geopolitical Risk

“EMEA which declined 6% year-over-year largely driven by the geopolitical conflict in the Middle East” · word for word

China Deflation Risk

“a 5% decline in China primarily due to continued deflationary pricing pressure” · word for word

Revo Hospitality Group insolvency impacts European operations; rooms and revenue excluded from guidance.

“Revo, a large European franchisee, had filed for insolvency proceedings” · word for word

International RevPAR decline of 6% due to geopolitical conflict in Middle East and deflation in China.

“International RevPAR declined 6% year-over-year largely driven by the geopolitical conflict in the Middle East as well as softness in the performance of Revo hotels”

CEO health issue could create uncertainty, but he plans to continue working.

“Ballotti disclosed multiple myeloma treatment; plans to work largely as normal.”

Revo collateral recovery uncertainty

“Such insolvency proceeding may not be resolved for several years and thus we are subject to uncertainty with respect to any potential recovery we may receive, as well as the ongoing viability of our franchise agreements and related loss of rooms and any future revenues.” · word for word

Economic uncertainty from trade policies and tariffs

“global trade disputes, including with China; the performance of the financial and credit markets; the economic environment for the hospitality industry” · word for word

China RevPAR decline

“China RevPAR improved over 500 basis points sequentially, yet declined 5% year-over-year”

China RevPAR declined 5% YoY, and Latin America declined 4% due to lower U.S. cross-border demand

“China where RevPAR improved over 500 basis points sequentially, yet declined 5% year-over-year, and Latin America, which declined 4% year-over-year” · word for word

Comparable adjusted EBITDA declined 1% when adjusting for marketing fund variability

“Comparable growth: Adjusted EBITDA declined $2M or 1% on a comparable basis”

RevPAR underperformance

“Fee-related and other revenues were $1.43 billion, which was $56 million below our original full-year outlook of $1.49 billion to $1.51 billion as a result of the softer-than-expected RevPAR performance, which finished 500 basis points below our original RevPAR outlook.” · word for word

Macroeconomic uncertainty

“Factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, general economic conditions, including inflation, higher interest rates and potential recessionary pressures.” · word for word

Increased debt from notes offering.

“$650M notes at 5.625% interest.”

Revo Hospitality Group insolvency

“We have outstanding development advance notes, loans and accounts receivables with Revo that has filed for insolvency.” · word for word

RevPAR decline

“Excluding currency effects, global RevPAR for the year ended December 31, 2025 decreased 3% compared to the prior year” · word for word

High leverage

“As of December 31, 2025, we had aggregate outstanding debt of $2,560 million.” · word for word

U.S. RevPAR declining due to occupancy and ADR pressure; hurricane impacts in Q4; China RevPAR down 10%.

“Fourth quarter global RevPAR decreased 6% in constant currency compared to 2024, reflecting declines of 8% in the U.S. and 1% internationally. In the U.S., fourth quarter results included approximately 140 basis points of unfavorable hurricane impacts. China where RevPAR declined 10%.” · word for word

CFO transition could create temporary uncertainty; search for permanent CFO underway.

“Wyndham plans to conduct a comprehensive search for a permanent Chief Financial Officer.” · word for word