Wyndham Hotels & Resorts Reports 2025 Operating Highlights and Development Growth
Wyndham Hotels & Resorts has announced its results for the fourth quarter and full year ended December 31, 2025, highlighting continued system expansion and development activity.
System Growth and Development
The company’s global system grew 4% year-over-year to 868,900 rooms, supported by 1% growth in the United States and 7% growth internationally, particularly across EMEA and Latin America.
During 2025, Wyndham awarded 870 development contracts globally, marking an 18% increase year-over-year. The global development pipeline reached a record 259,000 rooms across approximately 2,200 hotels, reflecting 3% annual growth.
Key pipeline details include:
Around 70% of rooms in the midscale and above segments
Approximately 17% in the extended stay segment
About 42% located in the United States
Roughly 77% comprising new construction projects
The company opened a record 72,000 rooms during the year.
RevPAR Performance
In the fourth quarter, global RevPAR declined 6% year-over-year in constant currency, with an 8% decline in the U.S. and a 1% decline internationally.
In the U.S., results were affected by hurricane-related impacts and softer performance in select states, partially offset by strength in the Midwest. Internationally, growth in EMEA and Latin America was offset by weaker performance in Asia Pacific, including China.
For the full year, global RevPAR decreased 3% in constant currency, reflecting a 4% decline in the U.S. and flat performance internationally.
Impairment and Operational Developments
During the preparation of year-end financial statements, a large European franchisee, Revo Hospitality Group, filed for insolvency proceedings. As a result, Wyndham recorded impairment and related charges tied to assets and franchise agreements associated with the franchisee.
Rooms operated by Revo remain under Wyndham brands and continue to be included in global room counts and RevPAR statistics while agreements remain in effect.
Outlook for 2026
For 2026, Wyndham expects:
Global room growth of 4.0% to 4.5%
Global RevPAR growth in the range of (1.5%) to 0.5% on a constant currency basis
The company noted that its outlook excludes potential room terminations related to the ongoing insolvency process involving Revo.
Wyndham stated it remains focused on development growth, operational efficiencies, and long-term value creation across its franchise network and global portfolio.
“Our teams around the world opened a record 72,000 rooms, delivered 4% global net room growth and grew our global development pipeline to a record 259,000 rooms,” said Geoff Ballotti, president and chief executive officer. “Despite continued negative U.S. RevPAR pressure, we grew full-year comparable-basis adjusted EBITDA and adjusted EPS in 2025 by 4% and 6%, respectively, generated adjusted free cash flow of more than $430 million and returned nearly $400 million to shareholders. As demand trends improve and RevPAR stabilizes, we remain confident in our long-term strategy while creating compounding value for franchisees, guests and shareholders.“
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