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Franchises economy and midscale hotel brands (Days Inn, Super 8, Wyndham) under an asset-light model, the largest hotel franchisor by hotel count.
Franchises economy and midscale hotel brands (Days Inn, Super 8, Wyndham) under an asset-light model, the largest hotel franchisor by hotel count.
Takes a percentage of room revenue from franchisees as royalties and collects fees to fund marketing and reservations, owning almost no hotels itself. Growth comes from adding hotels, converting existing ones from rival brands, and room revenue per room. It was spun out of Wyndham Worldwide in 2018 and bought La Quinta's franchising business that year.
Moat: narrow (scale, brand, network effects). Largest number of franchised hotels globally, concentrated in the economy/midscale segment.
Headquarters: Parsippany, New Jersey, US · Founded: 1990 · Employees: 2,000
Size Wyndham Hotels & Resorts (WH) is a United States Consumer Discretionary company (Hotels/Resorts/Cruise lines) with a market value of $5.64B, the 1106th largest of 3,117 United States companies the cockpit tracks. Shares closed at $77.35 on 6 Nov 2026.
Performance Over six months the shares fell 6.4%, against +7.1% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 0.7% over the last twelve months (peer median +4.7%); the operating margin is 36.9% (peer median 15.6%).
Valuation It trades at 15.2× forward earnings against a peer median of 17.6× (3rd cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +0 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 6.2 points above its cost of capital (7.2% WACC).
Backlog Backlog (remaining performance obligations) was $354M at 30 Sep 2026, up 11% on a year earlier — 0.2 years of trailing revenue. Backlog detail →
Short interest Short interest is 11.3% of the free float (15 Oct 2026).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.45B | $1.43B | $1.41B | $1.40B | $1.51B |
| Revenue growth | — | +1% | +1% | -7% | — |
| Gross profit | $646M | $628M | $685M | $648M | $645M |
| EBITDA | $595M | $581M | $593M | $555M | $599M |
| Net income | $202M | $193M | $289M | $289M | $355M |
| Free cash flow | $316M | $321M | $241M | $339M | $360M |
| Capital expenditure | $62.0M | $46.0M | $49.0M | $37.0M | $39.0M |
| Total debt | $2.73B | $2.57B | $2.47B | $2.21B | $2.09B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Wyndham Hotels & Resorts WH | $5.64B | -6% | +1% | 37% | 15.2× | 1.8% |
| Choice Hotels International CHH | $5.29B | +12% | +2% | 25% | 15.8× | 4.8% |
| Marriott International MAR | $107B | +18% | +6% | 16% | 32.1× | 17.9% |
| InterContinental Hotels Group PLC Sponsored ADR IHG | $25.3B | +19% | +3% | 24% | 23.8× | 12.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WH | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.4% | +12.7% | 6th lowest of 21 |
| 6-month return | -6.4% | +7.1% | 5th lowest of 21 |
| Distance from 52-week high | -14.4% | -12.8% | 9th lowest of 21 |
| Revenue growth (TTM) | +0.7% | +4.7% | 6th lowest of 21 |
| Operating margin | 36.9% | 15.6% | 2nd highest of 21 |
| Forward P/E | 15.2× | 17.6× | 3rd cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 1.8% | 6.0% | 5th least demanding of 17 |
| Growth delivered (Del g) | +1.8% | +18.4% | lowest of 17 |
| Hurdle (Req g minus delivered) | +0.0 pp | -15.4 pp | 4th most demanding of 17 |
| ROIC minus cost of capital | +6.2 pp | -1.8 pp | 3rd highest of 20 |
| EV / EBITDA | 13.9× | 12.7× | 7th most expensive of 18 |
| Net debt / EBITDA | 4.5× | 3.9× | 7th most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wyndham Hotels & Resorts WH | United States | $5.64B | -6% | +1% | 37% | 15.2× | 1.8% | +1.8% |
| Vail Resorts MTN | United States | $5.66B | +26% | -4% | 16% | 27.9× | 9.6% | +8.2% |
| Choice Hotels International CHH | United States | $5.29B | +12% | +2% | 25% | 15.8× | 4.8% | +15.6% |
| Seibu 9024.T | Japan | $6.11B | +2% | -41% | 10% | 29.6× | n/a | n/a |
| Red Rock Resorts RRR | United States | $5.06B | -11% | +1% | 23% | 17.9× | 13.3% | +11.2% |
| Whitbread WTB.L | United Kingdom | $6.37B | +25% | +2% | 21% | 15.8× | 9.7% | +37.7% |
| Atour Lifestyle Holdings Ltd. Sponsored ADR ATAT | United States | $4.82B | -6% | +45% | 21% | 15.8× | 1.8% | +43.1% |
| Travel + Leisure TNL | United States | $4.54B | +15% | +5% | 17% | 8.8× | 3.2% | +11.2% |
| Monte-Carlo Societe des Bains de Mer BAIN.PA | France | $4.06B | +9% | +12% | 9% | n/a | 24.2% | +20.7% |
| Norwegian Cruise Line NCLH | United States | $8.23B | +5% | +5% | 14% | 13.8× | n/a | n/a |
| ITC Hotels ITCHOTELS.NS | India | $3.85B | +5% | +65% | 25% | 34.6× | 37.0% | +64.8% |
| Hanjinkal 180640.KS | South Korea | $9.60B | +74% | +7% | 1% | 43.3× | n/a | n/a |
| Shanghai Jin Jiang International Hotels 600754.SS | China | $3.18B | -16% | +5% | 14% | 19.5× | -8.1% | +6.9% |
| Guoco 0053.HK | Hong Kong | $2.90B | 0% | -11% | 13% | n/a | -3.9% | +16.0% |
| Melia Hotels International MEL.MC | Spain | $2.67B | -10% | +5% | 13% | 15.2× | 7.3% | +31.5% |
| Accor AC.PA | France | $12.8B | +12% | 0% | 16% | 22.9× | 14.4% | +28.3% |
| Leela Palaces Hotels & Resorts THELEELA.NS | India | $2.45B | +65% | +17% | 42% | 43.7× | n/a | n/a |
| Indian Hotels INDHOTEL.NS | India | $13.4B | +33% | +15% | 26% | 55.6× | 42.0% | +43.8% |
| Resorttrust 4681.T | Japan | $2.36B | -1% | +8% | 12% | 16.4× | -6.4% | +9.4% |
| Scandic Hotels SHOT.ST | Sweden | $2.29B | +16% | +3% | 13% | 17.2× | 3.2% | +24.4% |
| BTG Hotels (Group) Co Ltd Shs -A- 600258.SS | China | $2.25B | -14% | -3% | 18% | 17.0× | -11.1% | +7.6% |
Wyndham Hotels & Resorts reported $354M of remaining performance obligations at 30 Sep 2026, up 11% from a year earlier and down 5% from the previous quarter. That is 0.2 years of trailing revenue already under contract. Book-to-bill last quarter: 0.96.