- Wyndham posted Q4 net loss of $60 million, down from $85 million a year ago.
- Global RevPAR fell 6 percent, led by an 8 percent drop in the U.S.
- Q4 results were hit by U.S. hurricanes, insolvency of European franchisee Revo.
WYNDHAM HOTELS & RESORTS posted a fourth-quarter net loss of $60 million, down from an $85 million gain the prior year, reflecting non-cash impairment and other charges. Global RevPAR fell 6 percent in constant currency, driven by an 8 percent decline in the U.S.
Hurricane-related disruptions accounted for about 140 basis points, with the rest due to lower occupancy and average daily rates in Florida, Texas and California, Wyndham said in a statement. However, the company reported 4 percent global system-wide room growth in 2025, including a 1 percent increase in the U.S.
“Our teams opened a record 72,000 rooms, delivered 4 percent global net room growth, and grew our global development pipeline to a record 259,000 rooms,” said Geoff Ballotti, Wyndham CEO. “While U.S. RevPAR pressures persist, we achieved full-year comparable adjusted EBITDA and adjusted EPS growth, generated adjusted free cash flow of over $430 million and returned nearly $400 million to shareholders. We remain confident in our long-term strategy as demand trends improve and RevPAR stabilizes, creating compounding value for franchisees, guests and shareholders.”
Fourth-quarter results were affected by hurricane impacts in the U.S. and the ongoing insolvency of European franchisee Revo Hospitality Group, which led to deferred revenue recognition, the statement said. The company added approximately 72,000 rooms over the year, bringing its development pipeline to 259,000 rooms, with more than one-third under construction. Growth was driven by international markets, including EMEA and Latin America, offsetting slower additions in Asia Pacific.
Wyndham also awarded 870 new contracts in 2025, an 18 percent increase from 2024, the company said. About 70 percent of the development pipeline is in midscale and above segments and 17 percent is in extended stay. The company ended the year with $64 million in cash, $840 million in total liquidity and a net debt leverage ratio of 3.5 times.
The company’s ancillary revenue increased for the year. It returned $393 million to shareholders through share repurchases and dividends. Full-year 2025 adjusted net income rose to $353 million on a comparable basis, up 2 percent from 2024. Adjusted EBITDA grew 3 percent to $718 million as cost containment and operational efficiencies offset lower royalty and franchise fees.
Internationally, RevPAR rose 7 percent in EMEA and 6 percent in Latin America, offsetting a 10 percent decline in China. For the full year, global RevPAR fell 3 percent in constant currency, with a 4 percent drop in the U.S. and flat performance internationally.
The company expects global room growth of 4 percent to 4.5 percent in 2026, with RevPAR projected to range from a 1.5 percent decline to a 0.5 percent increase in constant currency. Fee-related revenues are forecast at $1.46 billion to $1.49 billion, adjusted EBITDA at $730 million to $745 million and adjusted net income at $354 million to $368 million. Adjusted diluted EPS is projected at $4.62 to $4.80. The board also approved a 5 percent increase in quarterly dividends to $0.43 per share.
Wyndham reported a 5 percent decline in global RevPAR in the third quarter, with U.S. down 5 percent and international down 2 percent. Net income rose 3 percent to $105 million, while adjusted net income was $112 million. The company’s Chief Financial Officer and Head of Strategy Michele Allen left the company to pursue a career outside the hotel industry in December.
