Wyndham Hotels & Resorts, Inc.
- Open
- 74.00
- Day high
- 75.11
- Day low
- 72.98
- Prev close
- 76.02
- Volume
- 837K
- Mkt cap
- $5.5B
- P/E (TTM)
- 26.7
- EPS (TTM)
- $2.76
- P/B
- 11.4
- P/S
- 3.9
- Yield
- 1.17%
- Per share
- $0.86
- ▼Insiders net selling -$2.9M over the last 3 months (0 open-market buys, 4 sales)
- 🏛Institutions accumulating (13F)
Wyndham Hotels & Resorts, Inc. (WH) is a Consumer Cyclical company listed on NYSE. The stock is down 15% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 4 sales (SEC Form 4).
Wyndham Hotels & Resorts, Inc. (WH) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 5 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
WH earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 23, 2026 | $1.41 | $1.48 | +5.0% | $375M | -6.4% |
| Apr 30, 2026 | $0.85 | $0.96 | +12.8% | $327M | +1.6% |
| Feb 18, 2026 | $0.90 | $0.93 | +3.9% | $334M | -1.0% |
| Oct 22, 2025 | $1.42 | $1.46 | +2.6% | $382M | +11.9% |
| Jul 23, 2025 | $1.16 | $1.33 | +14.5% | $397M | -1.9% |
| Apr 30, 2025 | $0.82 | $0.86 | +5.3% | $316M | -0.4% |
| Feb 12, 2025 | $1.00 | $1.04 | +4.0% | $341M | -1.0% |
| Oct 23, 2024 | $1.38 | $1.39 | +0.7% | $396M | +14.8% |
| Jul 24, 2024 | $1.03 | $1.13 | +9.7% | $367M | -13.7% |
| Apr 24, 2024 | $0.75 | $0.78 | +4.0% | $305M | -1.1% |
| Feb 14, 2024 | $0.90 | $0.91 | +1.1% | $321M | -0.9% |
| Oct 25, 2023 | $1.25 | $1.31 | +4.8% | $402M | +1.7% |
WH insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 19, 2026 | Ballotti Geoffrey Adirector, officer: President and CEO | Sell | 19,414 | $72.71 |
| Aug 19, 2026 | Ballotti Geoffrey Adirector, officer: President and CEO | Option | 20,429 | $65.21 |
| Aug 14, 2026 | Androski Christopherofficer: Chief Accounting Officer | Grant | 3,647 | — |
| Jul 28, 2026 | NELSON RONALD Ldirector | Grant | 545 | $73.53 |
| Jul 28, 2026 | BIBLOWIT MYRA Jdirector | Grant | 442 | $73.53 |
| Jul 28, 2026 | RICHARDS PAULINEdirector | Grant | 463 | $73.53 |
| Jul 28, 2026 | Jung Alexandra Adirector | Grant | 434 | $73.53 |
| Jul 28, 2026 | HOLMES STEPHEN Pdirector | Grant | 718 | $73.53 |
| Jul 28, 2026 | BUCKMAN JAMES Edirector | Grant | 1,068 | $73.53 |
| Jul 28, 2026 | RICHARDS PAULINEdirector | Grant | 373 | $73.53 |
| Jul 28, 2026 | Deoras Mukuldirector | Grant | 574 | $73.53 |
| Jul 28, 2026 | CHURCHILL BRUCEdirector | Grant | 633 | $73.53 |
| Jul 28, 2026 | BIBLOWIT MYRA Jdirector | Grant | 543 | $73.53 |
| Jun 17, 2026 | Ballotti Geoffrey Adirector, officer: President and CEO | Sell | 958 | $81.44 |
| Jun 17, 2026 | Ballotti Geoffrey Adirector, officer: President and CEO | Sell | 14,445 | $80.91 |
Source: WH SEC Form 4 filings, latest Aug 19, 2026. For informational purposes only — not investment advice.
See the full WH insider & 13F page →Wyndham Hotels & Resorts, Inc. company profile
Overview
Wyndham Hotels & Resorts, Inc. (NYSE:WH) is a leading hotel franchisor that spun off from Wyndham Worldwide Corporation in May 2018 to become an independent public company. Founded with roots tracing back to the original Wyndham brand, the company has evolved into one of the world's largest hotel franchising organizations. Based in Parsippany, New Jersey, Wyndham operates a portfolio of 22 hotel brands with approximately 9,000 hotels containing roughly 819,000 rooms across 95 countries. The company focuses primarily on the economy and midscale hotel segments, serving both leisure and business travelers through an asset-light franchising model.
Business
Wyndham Hotels & Resorts operates in the hospitality industry as a hotel franchisor, which means it licenses its brand names and operating systems to independent hotel owners rather than owning and operating hotels directly. This business model is fundamentally different from hotel operators who manage properties or hotel owners who hold real estate assets. The company operates through two primary business segments. The Hotel Franchising segment represents approximately 85-90% of total revenue and involves licensing lodging brands to third-party hotel owners. Under this arrangement, franchisees pay initial franchise fees, ongoing royalty fees (typically 4-6% of room revenue), and marketing fees to use Wyndham's brands, reservation systems, and operational support. The Hotel Management segment comprises the remaining 10-15% of revenue and provides full-service hotel management for properties where owners prefer professional management rather than self-operation. Wyndham's brand portfolio spans the hospitality spectrum from economy to luxury segments. Key economy brands include Super 8, Days Inn, Travelodge, and Microtel, which typically serve price-conscious travelers seeking basic accommodations. The midscale portfolio features brands like La Quinta, Ramada, Baymont, and Wingate, targeting business and leisure travelers seeking enhanced amenities and services. The company also operates upscale and luxury brands including Wyndham Grand, Dolce, and the Registry Collection, though these represent a smaller portion of the overall portfolio. A significant component of Wyndham's ecosystem is the Wyndham Rewards loyalty program, which has grown to 114 million members. This program not only drives customer retention and direct bookings but also generates ancillary revenue through partnerships with credit card companies and other service providers. The company has expanded this revenue stream through co-branded credit cards with Barclays and recently launched the first hospitality debit card in partnership with SoFi.
Revenue model
Wyndham generates revenue primarily through an asset-light franchising model that produces multiple recurring income streams without the capital intensity of property ownership. The company's revenue model consists of several key components that provide both stability and growth potential. Franchise fees and royalties represent the core revenue stream, generated when franchisees pay initial franchise fees to join the system and ongoing royalty fees typically ranging from 4-6% of gross room revenue. These payments provide Wyndham with a relatively predictable income stream that scales with both the number of properties in the system and the revenue performance of existing hotels. Marketing and reservation fees add another layer of recurring revenue, as franchisees contribute to shared marketing funds and pay for access to Wyndham's central reservation system. Ancillary revenue streams have become increasingly important, growing 8% annually and expected to reach low-teen growth rates. These include revenue from the Wyndham Rewards credit card program, where the company receives interchange fees and new account bonuses from banking partners. The company also generates income from technology services, revenue management tools, and other optional services that franchisees can purchase to enhance their operations. Several factors influence Wyndham's margin expansion or contraction. Positive margin drivers include the scalable nature of the franchising model, where additional properties can be added with minimal incremental costs, and the company's focus on higher-fee properties that generate more revenue per room. The growing ancillary revenue streams also typically carry higher margins than traditional franchising fees. Margin pressures can arise from increased technology investments, competitive pressures that limit fee increases, economic downturns that reduce travel demand and hotel performance, and the costs associated with supporting a growing international franchise base. The company's performance is also sensitive to broader economic trends, infrastructure spending, and changes in business and leisure travel patterns, as these directly impact the revenue generation capability of franchised properties.
Competitive moat
Wyndham's competitive moat is moderate but meaningful, built primarily around brand recognition, scale advantages, and switching costs, though it faces ongoing competitive pressures in the fragmented hospitality franchising market. The company's strongest moat element is its extensive brand portfolio and market presence, particularly in the economy and midscale segments where it holds leading market positions. Brands like Super 8, Days Inn, and La Quinta have decades of consumer recognition and established market presence that would be difficult and expensive for competitors to replicate. The sheer scale of 9,000 hotels across 95 countries creates network effects, as the large system provides franchisees with broader marketing reach, more robust reservation systems, and greater negotiating power with suppliers. Switching costs provide another layer of protection, as franchisees face significant expenses and operational disruption when changing hotel brands. These costs include rebranding expenses, staff retraining, system conversions, and potential revenue loss during transition periods. The company's 95.7% retention rate demonstrates the effectiveness of these switching barriers. However, Wyndham's moat faces several challenges. The hotel franchising industry is highly competitive, with major players like Choice Hotels, Hilton, Marriott, and IHG competing aggressively for franchisees and market share. Competitive threats include rivals offering more attractive fee structures, superior technology platforms, or stronger brand recognition in certain segments. The economy and midscale segments where Wyndham is strongest also face pressure from alternative accommodations like Airbnb and extended-stay concepts. Potential disruption could come from technology-enabled competitors offering more efficient operating systems, direct-to-consumer booking platforms that bypass traditional franchise systems, or new accommodation models that better serve evolving traveler preferences. The company's significant exposure to domestic markets also creates vulnerability to U.S. economic cycles and changing travel patterns. While Wyndham has built a solid competitive position, the moat is not insurmountable and requires continuous investment in technology, brand development, and franchisee value propositions to maintain its strength.
Risks & safety
Wyndham presents a moderate margin of safety with manageable financial risks but some valuation concerns at current levels. Financial Strength and Liquidity: • Cash position of $48 million with additional credit facilities available • Debt-to-equity ratio of 4.37, reflecting high leverage typical of asset-light franchise models • Strong free cash flow generation of $52 million in Q1 2025, though down from prior periods • Current ratio of 0.96 indicates tight short-term liquidity but manageable given business model Valuation Metrics: • Trading at 28.9x P/E ratio, elevated compared to historical ranges • EV/EBITDA of 18.8x appears stretched relative to growth prospects • Price-to-book ratio of 12.2x reflects premium valuation • Graham number suggests potential overvaluation at current price levels Other Considerations: • Asset-light model reduces capital requirements but creates earnings volatility • Exposure to economic cycles and travel demand fluctuations • Competitive pressures in core franchising markets • Dependence on franchisee performance and retention rates
Recent development
Over the past few years, Wyndham has executed several strategic initiatives focused on portfolio optimization, technology advancement, and international expansion. The company has systematically shifted toward higher-revenue generating properties, with 85% of its development pipeline now concentrated in midscale and above segments compared to its historically economy-focused portfolio. A key strategic move has been the launch of the ECHO Suites extended-stay brand, targeting the growing extended-stay market with over 33,000 rooms currently in the pipeline. This brand addresses the increasing demand for longer-term accommodations driven by remote work trends and infrastructure projects. The company has also expanded its extended-stay portfolio through the WaterWalk brand acquisition. Technology investments have been substantial, including the rollout of the Wyndham Connect guest engagement platform across nearly 4,000 North American hotels. The company has implemented AI-driven solutions for personalized guest experiences and developed mobile-centric tools for both guests and franchisees. The Wyndham Community platform provides franchisees with enhanced operational support and communication tools. International expansion has accelerated, particularly through direct franchising initiatives in China, where the system grew 16% in 2024. The company has expanded its presence in EMEA, Latin America, and Southeast Asia, with international net room growth consistently outpacing domestic growth at 7-11% annually. This geographic diversification reduces dependence on U.S. markets while capturing growth in emerging hospitality markets. The company has also strengthened its ancillary revenue streams, expanding the Wyndham Rewards program to 114 million members and launching new financial products including co-branded credit cards with Barclays and the industry's first hospitality debit card with SoFi. These initiatives are expected to drive low-teen to mid-teen growth in ancillary revenues, providing higher-margin income streams beyond traditional franchise fees.
WH company profile · for informational purposes only — not investment advice.
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