Wyndham reports 4 percent room, 1 percent global RevPAR increases in Q3

WYNDHAM HOTELS & RESORTS reported growth in net rooms and its development pipeline for the third quarter. Global systemwide rooms increased 4 percent
year-over-year, with 1 percent growth in the U.S. and 8 percent internationally. Global RevPAR rose 1 percent in constant currency compared to 2023, with a
1 percent decline in the U.S. and 7 percent growth internationally.

The company’s adjusted net income for the third quarter was $110 million, a 1 percent decrease year-over-year but a 3 percent increase on a comparable basis,
Wyndham said in a statement.

“Our teams delivered exceptional results, executing our growth strategy and achieving 7 percent growth in comparable adjusted EBITDA, driven by system expansion,
higher royalty rates, and increased ancillary revenues,” said Geoff Ballotti, president/CEO. “We awarded 10 percent more franchise contracts domestically,
driving 5 percent growth in our development pipeline. Stabilizing RevPAR trends and increasing infrastructure demand are expected to lead to improved results in
the coming quarters. We remain focused on delivering value to our guests, franchisees, and shareholders, having returned nearly $380 million year-to-date through
dividends and share repurchases.”