Description

Wyndham Hotels & Resorts: Can 4% Room Growth Offset The Back-Half Leisure Demand Headwind?

Wyndham Hotels & Resorts reported a mixed performance in the first quarter of 2026, reflecting both positive developments and ongoing challenges within its global operations. The company demonstrated a strong start to the year with a 4% net room growth and a record development pipeline exceeding 259,000 rooms, marking its 23rd consecutive quarter of pipeline expansion. U.S. same-store RevPAR (Revenue Per Available Room) showed a faster-than-expected recovery, improving by over 600 basis points to near flat growth, outperforming an initial forecast of a 2-3% decline. Key U.S. states including Texas, California, and Florida saw sequential improvements, though some remained below pre-COVID levels. Internationally, results varied by region: Canada and EMEA showed modest RevPAR growth, while Latin America was mixed due to pressure in Mexico. Performance in Asia Pacific improved sequentially but remained below pre-pandemic levels, largely due to continued recovery challenges in China.