NYSE$WH

Wyndham Hotels & Resorts Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Wyndham's Q2 2022 results showcased strong growth driven by increased RevPAR and strategic development initiatives.

Wyndham Hotels & Resorts reported a strong second quarter in 2022, marked by a 23% increase in global RevPAR and an 18% rise in Hotel Franchising revenues. The company raised its full-year 2022 outlook and expanded its global development pipeline by 9% to a record 208,000 rooms.

  • Global RevPAR increased by 23% compared to Q2 2021 in constant currency.
  • System-wide rooms grew by 3% year-over-year, with 2% growth in the U.S. and 4% internationally.
  • Hotel Franchising segment revenues grew by 18% year-over-year.
  • The global development pipeline reached a record 208,000 rooms, a 9% increase year-over-year.

Headline financials

Total Revenue

$386M

Previous: $406M-4.9%
EPS (adj)

$1.07

Previous: $0.95+12.6%
Global RevPAR

$44.28

Previous: $36.92+19.9%
Global Rooms

818.9K

Previous: 798.0K+2.6%
U.S. RevPAR

$55.57

Previous: $48.37+14.9%
International RevPAR

$27.46

Previous: $18.84+45.8%
U.S. Rooms

492.4K

Previous: 484.8K+1.6%
International Rooms

326.5K

Previous: 313.2K+4.2%
Capital Expenditures

-$18M

Previous: -$17M-5.9%
Free Cash Flow

$74M

Previous: $51M+45.1%
Net Income

$92M

Previous: $68M+35.3%
Operating Income

$145M

Previous: $133M+9.0%
Gross Profit

$145M

Previous: $133M+9.0%
Cash & Equivalents

$400M

Previous: $103M+288.3%
Total Assets

$4.25B

Previous: $4.24B+0.2%
Stock-Based Comp

$9M

Previous: $8M+12.5%

Revenue & EPS history

Wyndham · Revenue · Quarterly

$386M

Q2 2022-4.9%vs Q2 2021
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Wyndham · $335M total across 1 segment · Q2 2022

  • Hotel Franchising
    $335M+18.4%

Forward guidance

The Company is increasing its outlook as follows to reflect future projections related to the Company's license fees from Travel & Leisure based on their full-year 2022 Gross VOI Sales outlook provided on April 28, 2022 as well as the impact of second quarter share repurchase activity

Tailwinds

  • Year-over-year rooms growth 2% - 4%
  • Year-over-year global RevPAR growth 12% - 16%
  • Fee-related and other revenues $1.29 - $1.32 billion
  • Adjusted EBITDA $611 - $631 million
  • Adjusted net income $323 - $334 million

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+0.7%

Avg return

Earnings day

+0.9%

Avg return

5 days after

-1.0%

Avg return

30 days after

46%

17 / 37 earnings

Positive

+8.8%

Q3 2018

Best reaction

-5.5%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.1%-4.4%-4.5%
Q4 2025+5.6%+5.1%-5.0%
Q3 2025-5.5%-10.0%-9.5%
Q2 2025-1.0%-2.6%-3.3%
Q1 2025+0.1%-2.2%-3.0%
Q4 2024-1.6%+2.1%-17.5%
Q3 2024+8.0%+7.1%+16.0%
Q2 2024+3.4%+4.1%+4.8%
Q1 2024+5.4%+3.9%-1.6%
Q4 2023+1.2%+0.1%-0.3%
Q3 2023-2.5%-3.4%+5.3%
Q2 2023+2.0%+5.0%-1.2%
Q1 2023-1.5%+2.0%+3.9%
Q4 2022-2.0%-2.2%-15.9%
Q3 2022+4.4%+7.9%+3.0%
Q2 2022-1.8%-1.6%-1.0%
Q1 2022-1.0%-1.4%-11.8%
Q4 2021+4.5%+1.6%-1.7%
Q3 2021+5.7%+4.3%+0.8%
Q2 2021+3.7%+0.4%+3.9%
Q1 2021-0.1%-2.1%+0.9%
Q4 2020-2.6%-3.7%+10.6%
Q3 2020-2.2%+0.6%+21.1%
Q2 2020-1.5%-5.1%+13.6%
Q1 2020+6.5%+20.3%+37.6%
Q4 2016-1.6%-2.3%-34.7%
Q4 2019-1.6%-2.3%-34.7%
Q3 2019+0.7%+3.1%+9.7%
Q2 2019-4.7%-2.8%-16.2%
Q1 2019+2.5%+2.4%-2.8%
Q4 2018-0.3%+1.3%+0.1%
Q3 2017+8.8%+9.2%+10.7%
Q3 2018+8.8%+9.2%+10.7%
Q2 2017+0.2%-7.4%-8.9%
Q2 2018-2.0%+0.4%-3.1%
Q1 2018-3.8%-1.7%-6.7%
Q4 2017-3.8%-1.7%-6.7%
Q1 2017

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