Wyndham Hotels & Resorts Reports Q3 2025 Net Income of $105 Million, Revenue Decline

Wyndham Hotels & Resorts, Inc. reported its financial results for the third quarter and the first nine months of 2025, revealing a net income of $105 million for the three months ending September 30, 2025, compared to $102 million for the same period in 2024. For the nine-month period, net income increased to $253 million from $204 million year-over-year. The company’s total revenues for the third quarter were $382 million, a decrease of 4% from $396 million in the prior year, while revenues for the nine months rose by 3% to $1.095 billion from $1.067 billion.

The decline in quarterly revenues was primarily attributed to lower royalty and franchise fees, which fell by $12 million, largely due to a reduction in revenue per available room (RevPAR) and lower franchise fees. This was partially offset by growth in ancillary revenues, particularly from the co-branded credit card program. Total expenses for the third quarter decreased by 9% to $204 million, driven by lower marketing, reservation, and loyalty expenses, which were down by $18 million. The company also reported a decrease in depreciation and amortization expenses.

In terms of operational metrics, Wyndham's global system size grew to approximately 855,400 rooms as of September 30, 2025, marking a 4% increase from the previous year. The U.S. market saw a 1% increase in room count, while international growth was more pronounced at 9%. However, RevPAR declined by 5% globally, with U.S. RevPAR dropping to $55.07 from $57.98, reflecting a decrease in occupancy and average daily rates. The company’s average royalty rate remained stable at 4.0%.

Strategically, Wyndham has been focusing on expanding its development pipeline, which now includes approximately 2,180 hotels and 257,000 rooms, a record high. The company awarded 204 new contracts in the third quarter, a 24% increase year-over-year. Additionally, Wyndham has implemented a restructuring plan aimed at streamlining operations, which resulted in $16 million in restructuring expenses during the nine months ended September 30, 2025. The company anticipates annualized savings of approximately $15 million from these efforts.

Looking ahead, Wyndham Hotels & Resorts remains optimistic about its growth trajectory, supported by a strong development pipeline and strategic initiatives aimed at enhancing operational efficiency. The company has also amended its revolving credit facility, increasing its capacity to $1 billion and extending the maturity to 2030, which bolsters its liquidity position. As of September 30, 2025, Wyndham reported liquidity of approximately $540 million, which is expected to support ongoing operations and growth initiatives.