WH · Wyndham Hotels & Resorts Q2 FY2026 earnings call record财报电话会记录

“We expanded our development pipeline to a record of approximately 261,000 rooms with a FeePAR premium approximately 30% higher than our existing domestic and international systems.”

“Domestic RevPAR saw increases in both demand, up 60 basis points, and ADR, up 160 basis points.”

“Canada increased 2%, while EMEA declined 6%, as strong growth in Turkey and India was more than offset by softness in the Middle East, where RevPAR declined from down 5% in Q1 to down 45% in Q2, and in Germany, where the Revo portfolio continued to underperform as it progressed through insolvency.”

“Our development pipeline grew for the 24th consecutive quarter to a record of approximately 261,000 rooms across over 60 countries, with a FeePAR premium of approximately 30%, both domestically and internationally, reflecting our strategy of adding hotels in higher chain scales and in geographies and markets with stronger long-term economics.”

“We continue to expect full-year ancillary revenue growth of low to mid-teens, which implies slightly accelerated growth in the back half of the year.”

“We continue to see strong and growing demand for our brands, with global openings and pipeline up 4% year-over-year, excluding Revo.”

“We returned $86 million to our shareholders in the second quarter through $54 million of share repurchases and $32 million of common stock dividends.”

“Year-to-date, we've now repurchased 1.3 million shares of our stock for $105 million.”

“At this leverage ratio, our current outlook implies up to $170 million of capital available for share repurchases or M&A in the back half of this year after factoring in dividends and the remaining portion of the $110 million we've allocated for development advances.”

“There are no changes to our net room growth outlook of 4%-4.5%, excluding Revo.”

“Adjusted net income is projected to be $355 million-$365 million, and adjusted diluted EPS is projected at $4.71-$4.83, which is based on a diluted share count of 75.4 million shares, and as usual, does not assume future share repurchase activity or incremental interest expense from any potential new borrowings.”

“Domestically, while our economy brands lead the industry from a retention standpoint, our long-term goal remains, our teams are committed to moving that retention to 96%, both domestically and internationally, which is where we are internationally running at 95.9% over the last 12 months.”