Wyndham Hotels & Resorts (WH) · Q2 2026 results and valuation

At −1.6% growth a year (3-year revenue growth), the model's fair value is $9.06 a share — the stock trades 791% above it. Today's price assumes 11.7% growth a year.

1. Guidance

   The company will revisit the deferral of revenue as it enters into franchise agreements with new operators for the subset of Revo rooms it expects to retain.

   Source quote

   “We plan to enter into franchise agreements with the new operators for the subset of Revo rooms we expect to retain and we'll revisit the deferral of revenue...”

2. Guidance

   The company expects the majority of remaining year-over-year comparable adjusted EBITDA growth to occur in the fourth quarter because of the lapping of one-time items.

   Source quote

   “From a cadence perspective, we expect the majority of the remaining year-over-year comparable adjusted EBITDA growth to occur during the fourth quarter, primarily due to the lapping of one-time...”

3. Fading

   Majority of remaining profit growth will come in Q4 as last year's one-time costs drop away.

   Source quote

   “We've just we're very proud of what our Chief Development Officer over there, Bill Wang and his team's significant growth...”

4. Fading

   The company reported record openings in the U.S. last year, which underscores the performance and strength of its brands despite the RevPAR backdrop.

   Source quote

   “I think you were asking about, I think, Ben, about net rooms Yes. I think if you look at it, the even last year with the RevPAR backdrop that we had we had record openings in the U.S., just kind of underline the strength of our brands and the performance.”

Script and answers carried a similar tone, so the script's message held up under questioning.

Sentences that drove the tone

“And on top of all of that leisure demand for the rest of the year and the infrastructure business for us continues to improve on really strong private sector growth...”

“We delivered comparable growth in adjusted EBITDA and adjusted EPS, maintained strong liquidity and disciplined leverage and continue to return excess capital to shareholders while investing selectively in high-return development...”

“Adjusted diluted EPS for the quarter was $1.48, a 3% increase on a comparable basis, reflecting growth in adjusted EBITDA and the benefit of share repurchase activity, partially offset by...”