Wyndham Hotels & Resorts, Inc.

Wyndham Hotels & Resorts, Inc. is the world's largest hotel franchising company based on the number of franchised properties. The company operates a portfolio of 25 hotel brands, encompassing over 8,300 affiliated hotels and approximately 869,000 rooms. These properties are located in approximately 100 countries and serve approximately 138 million guests annually worldwide. Wyndham Hotels' brands are primarily situated in secondary and tertiary cities, with approximately 80% of the U.S. population residing within ten miles of at least one affiliated hotel. The company maintains an asset-light business model. Its brands, with a select-service focus, offer various options for franchisees and a range of price points and experiences for guests. Wyndham Hotels is a global leader in the economy, midscale, and upper midscale chain scales, where its brands represent approximately 19% of branded rooms in the United States. As of December 31, 2025, the royalty contribution by geography was: U.S. 77%, Canada 6%, EMEA (Europe, the Middle East, Eurasia, and Africa) 8%, LATAM (Latin America and the Caribbean) 3%, and Asia Pacific 6%. Starting in the second quarter of 2025, the company revised its reporting methodology to exclude rooms under the Super 8 China master license agreement from its reported system size, RevPAR, royalty rate, and corresponding growth metrics. Fees from the Super 8 master licensee in China contributed approximately $2 million to the full-year 2025 consolidated adjusted EBITDA.