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Guidance history, every release

Wyndham Hotels & Resorts (WH) · 8 releases, Oct 23, 2024 to Jul 22, 2026 · rows are metrics, columns are releases

Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing

Metric	Oct 23, 2024 FY24 Q3	Feb 12, 2025 FY24 Q4	Apr 30, 2025 FY25 Q1	Jul 23, 2025 FY25 Q2	Oct 22, 2025 FY25 Q3	Feb 18, 2026 FY25 Q4	Apr 29, 2026 FY26 Q1	Jul 22, 2026 FY26 Q2
For FY2026
Fee-related and other revenues	—	—	—	—	—	New“$1.46 - $1.49 billion”	—	—
Marketing fund revenues versus expenses	—	—	—	—	—	—	—	New“roughly equal”
Marketing fund revenues vs. expenses	—	—	—	—	—	New“roughly equal”	Revised“roughly equal expenses”	—
Net revenues	—	—	—	—	—	—	—	New“$1.48 - $1.50 billion”
Net revenues (Table 8 Outlook)	—	—	—	—	—	—	New“$ 1,465 – 1,495”	—
Net revenues (Updated Outlook)	—	—	—	—	—	—	New“$1.47 - $1.50 billion”	—
Net revenues from foreclosed Revo properties	—	—	—	—	—	—	New“approximately $10 million”	—
Adjusted diluted EPS	—	—	—	—	—	New“$4.62 - $4.80”	—	Raised“$4.71 - $4.83”
Adjusted diluted EPS (Updated Outlook)	—	—	—	—	—	—	New“$4.62 - $4.80”	—
Adjusted EBITDA	—	—	—	—	—	New“$730 - $745 million”	—	Narrowed“$735 - $745 million”
Adjusted EBITDA (a)	—	—	—	—	—	New“730 – 745”	—	Narrowed“735 – 745”
Adjusted EBITDA (Table 8 Outlook)	—	—	—	—	—	—	New“730 – 745”	—
Adjusted EBITDA (Updated Outlook)	—	—	—	—	—	—	New“$730 - $745 million”	—
Adjusted EBITDA comparable basis growth rate	—	—	—	—	—	—	—	New“5% - 7%”
Adjusted EBITDA comparable basis growth rate (excluding Revo deferral and one-time cost reductions)	—	—	—	—	—	—	New“5% - 7%”	—
Adjusted EBITDA growth rate (comparable basis)	—	—	—	—	—	New“5% - 7%”	—	—
Adjusted net income	—	—	—	—	—	New“$354 - $368 million”	—	Narrowed“$355 - $365 million”
Adjusted net income (Updated Outlook)	—	—	—	—	—	—	New“$351 - $365 million”	—
Adjusted income before income taxes	—	—	—	—	—	New“473 – 492”	—	Narrowed“473 – 487”
Adjusted income before income taxes (Table 8 Outlook)	—	—	—	—	—	—	New“468 – 487”	—
Amortization of acquisition-related intangible assets (excluded from D&A outlook)	—	—	—	—	—	—	—	New“approximately $25 million”
Capital expenditures	—	—	—	—	—	New“$40 – 45”	—	Reiterated“$40 – 45”
Capital expenditures (Table 8 Outlook)	—	—	—	—	—	—	New“$40 – 45”	—
Depreciation and amortization expense (b)	—	—	—	—	—	New“36 – 38”	—	Reiterated“36 – 38”
Depreciation and amortization expense (Table 8 Outlook)	—	—	—	—	—	—	New“36 – 38”	—
Development advance notes	—	—	—	—	—	New“Approx. $110”	—	Reiterated“Approx. $110”
Development advance notes (Table 8 Outlook)	—	—	—	—	—	—	New“Approx. $110”	—
Development advance notes amortization expense	—	—	—	—	—	New“35 – 37”	—	Reiterated“35 – 37”
Development advance notes amortization expense (Table 8 Outlook)	—	—	—	—	—	—	New“35 – 37”	—
Diluted shares (d)	—	—	—	—	—	New“76.7”	—	Lowered“75.4”
Diluted shares (Table 8 Outlook)	—	—	—	—	—	—	New“75.9”	—
Effective tax rate	—	—	—	—	—	New“approximately 25%”	—	—
Effective tax rate assumption	—	—	—	—	—	—	—	New“approximately 25%”
Effective tax rate assumption (Table 8 Outlook)	—	—	—	—	—	—	New“approximately 25%”	—
Free cash flow conversion rate	—	—	—	—	—	New“55% - 60%”	—	Reiterated“55% - 60%”
Free cash flow conversion rate (Updated Outlook)	—	—	—	—	—	—	New“55% - 60%”	—
Global RevPAR (e)	—	—	—	—	—	New“(1.5%) - 0.5%”	Narrowed“(1.0%) – 1.0%”	Raised“0.0% – 1.0%”
Income tax expense (c)	—	—	—	—	—	New“119 – 124”	—	Lowered“118 – 122”
Income tax expense (Table 8 Outlook)	—	—	—	—	—	—	New“117 – 122”	—
Interest expense, net	—	—	—	—	—	New“139 – 141”	—	Raised“144 – 146”
Interest expense, net (Table 8 Outlook)	—	—	—	—	—	—	New“144 – 146”	—
Number of rooms (f)	—	—	—	—	—	New“4.0% - 4.5%”	Reiterated“4.0% – 4.5%”	Reiterated“4.0% – 4.5%”
Number of rooms year-over-year growth (Table 8 Outlook)	—	—	—	—	—	—	New“4.0% – 4.5%”	—
Quarterly cash dividend	—	—	—	—	—	New“$0.43 per share”	—	—
Second half domestic RevPAR	—	—	—	—	—	—	—	New“approximately 2%”
Stock-based compensation expense	—	—	—	—	—	New“41 – 43”	—	Reiterated“41 – 43”
Stock-based compensation expense (Table 8 Outlook)	—	—	—	—	—	—	New“41 – 43”	—
Year-over-year global RevPAR growth	—	—	—	—	—	New“(1.5%) - 0.5%”	—	—
Year-over-year global RevPAR growth (Updated Outlook)	—	—	—	—	—	—	New“(1.0%) - 1.0%”	—
Year-over-Year Growth: Global RevPAR	—	—	—	—	—	—	—	New“0.0% – 1.0%”
Year-over-Year Growth: Number of rooms	—	—	—	—	—	—	—	New“4.0% – 4.5%”
Year-over-year rooms growth	—	—	—	—	—	New“4.0% - 4.5%”	—	—
For FY2025
Fee-related and other revenues	—	New“$1.49 - $1.51 billion”	Lowered“$1.45 - $1.49 billion”	Reiterated“$1.45 - $1.49 billion”	Lowered“$1.43 - $1.45 billion”	—	—	—
Marketing fund expenses in excess of revenues	—	—	—	—	New“approximately $5 million”	—	—	—
Marketing fund expenses to exceed revenues	—	—	—	—	New“approximately $5 million”	—	—	—
Marketing fund revenues relative to expenses	—	—	New“marketing fund revenues to approximate expenses”	—	—	—	—	—
Marketing fund revenues vs. expenses	—	New“continues to expect marketing fund revenues to equal expenses”	—	Revised“marketing fund revenues to approximate expenses”	—	—	—	—
Adjusted diluted EPS	—	New“$4.66 - $4.78”	Lowered“$4.57 - $4.74”	Raised“$4.60 - $4.78”	Lowered“$4.48 - $4.62”	—	—	—
Adjusted EBITDA	—	New“$745 - $755 million”	Lowered“$730 - $745 million”	Reiterated“$730 - $745 million”	Lowered“$715 - $725 million”	—	—	—
Adjusted EBITDA (a)	—	New“745 – 755”	—	—	—	—	—	—
Adjusted EBITDA generated in first quarter	—	New“roughly 20% of its adjusted EBITDA in the first quarter”	—	—	—	—	—	—
Adjusted net income	—	New“$369 - $379 million”	Lowered“$358 - $372 million”	Reiterated“$358 - $372 million”	Lowered“$347 - $358 million”	—	—	—
Adjusted free cash flow conversion rate	—	—	—	New“~57%”	Reiterated“~57%”	—	—	—
Adjusted income before income taxes	—	New“492 – 506”	Lowered“477 – 496”	Reiterated“477 – 496”	Lowered“463 – 477”	—	—	—
Capital expenditures	—	New“$40 – 45”	Reiterated“$40 – 45”	Reiterated“$40 – 45”	Reiterated“$40 – 45”	—	—	—
Depreciation and amortization expense (a)	—	—	New“37 – 39”	Reiterated“37 – 39”	Lowered“35 – 37”	—	—	—
Depreciation and amortization expense (b)	—	New“39 – 41”	—	—	—	—	—	—
Development advance notes	—	New“Approx. $110”	Reiterated“Approx. $110”	Reiterated“Approx. $110”	Reiterated“Approx. $110”	—	—	—
Development advance notes amortization expense	—	New“32 – 34”	Reiterated“32 – 34”	Reiterated“32 – 34”	Lowered“31 – 33”	—	—	—
Diluted shares (c)	—	—	New“78.4”	Lowered“77.8”	Lowered“77.5”	—	—	—
Diluted shares (d)	—	New“79.2”	—	—	—	—	—	—
Effective tax rate assumption	—	New“approximately 25%”	Reiterated“approximately 25%”	Reiterated“approximately 25%”	Reiterated“approximately 25%”	—	—	—
Free cash flow conversion rate	—	New“57% - 60%”	Lowered“~57%”	—	—	—	—	—
Global RevPAR (d)	—	—	New“(2%) – 1%”	—	Lowered“(3%) – (2%)”	—	—	—
Global RevPAR (e)	—	New“2% – 3%”	—	—	—	—	—	—
Global RevPAR (Year-over-Year Growth, constant currency)	—	—	—	—	New“(3%) – (2%)”	—	—	—
Global RevPAR growth, reported basis	—	—	—	—	New“(4%) - (3%)”	—	—	—
Income tax expense (b)	—	—	New“119 – 125”	Reiterated“119 – 125”	Lowered“116 – 119”	—	—	—
Income tax expense (c)	—	New“123 – 127”	—	—	—	—	—	—
Interest expense, net	—	New“134 – 136”	Raised“136 – 138”	Reiterated“136 – 138”	Raised“138 – 140”	—	—	—
Marketing fund overspend per RevPAR point	—	—	—	—	New“roughly $2 million”	—	—	—
Net room growth outlook	—	—	New“3.6% to 4.6%”	—	—	—	—	—
Number of rooms	—	New“3.6% – 4.6%”	—	—	—	—	—	—
Number of rooms (Year-over-Year Growth)	—	—	—	—	New“4.0% – 4.6%”	—	—	—
Number of rooms growth	—	—	—	New“4.0% – 4.6%”	—	—	—	—
Quarterly cash dividend increase	—	New“$0.41 per share”	—	—	—	—	—	—
Stock-based compensation expense	—	New“42 – 44”	Reiterated“42 – 44”	Reiterated“42 – 44”	Reiterated“42 – 44”	—	—	—
Year-over-year global RevPAR growth	—	—	—	New“(2%) - 1%”	—	—	—	—
Year-over-year global RevPAR growth (constant currency)	—	New“2% - 3%”	—	—	—	—	—	—
Year-over-year global RevPAR growth (reported basis)	—	New“0.5% - 1.5%”	—	—	—	—	—	—
Year-over-Year Growth - Global RevPAR (constant currency)	—	—	New“(2%) – 1%”	—	—	—	—	—
Year-over-Year Growth - Global RevPAR (reported basis)	—	—	New“(3%) - 0%”	—	—	—	—	—
Year-over-Year Growth - Number of rooms	—	—	New“3.6% – 4.6%”	—	—	—	—	—
Year-over-year rooms growth	—	New“3.6% - 4.6%”	—	Narrowed“4.0% - 4.6%”	—	—	—	—
For FY2024
Fee-related and other revenues	New“$1.41 - $1.43 billion”	—	—	—	—	—	—	—
Marketing fund revenues vs. expenses	New“roughly equal”	—	—	—	—	—	—	—
Adjusted diluted EPS	New“$4.22 - $4.34”	—	—	—	—	—	—	—
Adjusted EBITDA	New“$690 - $700 million”	—	—	—	—	—	—	—
Adjusted net income	New“$338 - $348 million”	—	—	—	—	—	—	—
Adjusted free cash flow conversion rate	New“~60%”	—	—	—	—	—	—	—
Adjusted income before income taxes	New“450 – 464”	—	—	—	—	—	—	—
Capital expenditures	New“Approx. $40”	—	—	—	—	—	—	—
Depreciation and amortization expense (b)	New“45 – 47”	—	—	—	—	—	—	—
Development advance notes	New“Approx. $110”	—	—	—	—	—	—	—
Development advance notes amortization expense	New“23 – 25”	—	—	—	—	—	—	—
Diluted shares (d)	New“80.1”	—	—	—	—	—	—	—
Effective tax rate assumption	New“approximately 25%”	—	—	—	—	—	—	—
Global RevPAR	New“Approx. flat”	—	—	—	—	—	—	—
Income tax expense (c)	New“113 – 116”	—	—	—	—	—	—	—
Interest expense, net	New“125 – 127”	—	—	—	—	—	—	—
Net room growth outlook	New“3 to 4%”	—	—	—	—	—	—	—
Number of rooms	New“3% – 4%”	—	—	—	—	—	—	—
Stock-based compensation expense	New“41 – 43”	—	—	—	—	—	—	—
Year-over-year global RevPAR growth	New“Approx. flat”	—	—	—	—	—	—	—
Year-over-year rooms growth	New“3 - 4%”	—	—	—	—	—	—	—
No period stated
Net debt leverage ratio stated target range	—	—	New“3 to 4 times”	—	—	—	—	Reiterated“3-to-4 times”
Net debt leverage ratio stated target range	—	—	—	—	New“3 to 4 times”	—	—	—
Net debt leverage ratio target range	—	—	—	New“3 to 4 times”	—	Reiterated“3 to 4 times”	—	—
Net debt leverage ratio target range	—	New“3 to 4 times”	—	—	—	—	—	—

Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.