“Interest expense, net for the six months ended June 30, 2026 increased $3 million, or 4%, compared to the prior year period primarily due to lower interest income and a higher average debt balance, partially offset by a lower average interest rate.”10-Q · Jul 23, 2026 ↗
Wyndham Hotels & Resorts, Inc.
WH
Market read
Wyndham Hotels & Resorts, Inc.'s current read is isolated; its market group is not confirming.
The latest filing is mixed. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.
- Revenue increased 3.5% versus the comparable filing period.
- Operating margin fell 0.6 percentage points.
- Latin America revenue declined 7% year-over-year, primarily due to lower U.S. cross-border demand in Mexico.
- China revenue declined 5% year-over-year, primarily due to continued deflationary pricing pressure.
Invalidation: The isolated read changes if WH's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing is mixed. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.
- Revenue increased 3.5% versus the comparable filing period.
- Operating margin fell 0.6 percentage points.
- Net margin fell 0.6 percentage points.
- Latin America revenue declined 7% year-over-year, primarily due to lower U.S. cross-border demand in Mexico.
- China revenue declined 5% year-over-year, primarily due to continued deflationary pricing pressure.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Operating cash flow covered net income at 1.90x in the latest annual period.
- Credit and interest rates has repeated favorable evidence across 5 filings.
- Foreign exchange has repeated favorable evidence across 4 filings.
- Operating margin changed -7.1 percentage points in the latest annual period.
- Net margin changed -7.1 percentage points in the latest annual period.
- Demand and volume has repeated adverse evidence across 3 filings.
- P/E is 21% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
68.57Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“CASH FLOW The following table summarizes the changes in cash, cash equivalents and restricted cash during the six months ended June 30, 2026 and 2025: Six Months Ended June 30, 2026 2025 Change Cash provided by/(used in) Operating activities $ 133 $ 129 $ 4 I…”10-Q · Jul 23, 2026 ↗
“Total expenses for the three months ended March 31, 2026 increased $9 million, or 4%, compared to the prior-year period, primarily driven by: • $10 million of higher operating and general and administrative expenses primarily due to the absence of one-time co…”10-Q · Apr 30, 2026 ↗
“The international decline was driven by Latin America primarily due to lower U.S.”10-Q · Jul 23, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 3.7× · EV/sales 3.7×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for WH. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing presents a mixed picture
10-Q filed 2026-04-30 against the comparable filing from 2025-05-01.
What improved
- Revenue increased 3.5% versus the comparable filing period.
What weakened
- Operating margin fell 0.6 percentage points.
- Net margin fell 0.6 percentage points.
Filing receipts
“Interest expense, net for the three months ended March 31, 2026 increased $1 million, or 3%, compared to the prior-year period, primarily due to a higher average debt balance.”
“Total expenses for the three months ended March 31, 2026 increased $9 million, or 4%, compared to the prior-year period, primarily driven by: • $10 million of higher operating and general and administrative expenses primarily due to the absence of one-time cost reductions and professional fees relating to Revo collateral recovery; and • $5 million of higher restructuring and other-related costs; partially offset by • $7 million of lower marketing, reservation and loyalty expenses primarily due to timing of marketing spend.”
“Net cash used in financing activities decreased $45 million compared to the prior-year period primarily due to an increase in net debt borrowings and $23 million of lower stock repurchases.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind WH
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
TNLTravel + Leisure Co.partnerApr 22, 2026 ▾
“Legacy items include the resolution of and adjustments to certain contingent assets and liabilities related to acquisitions of continuing businesses and dispositions, including the separation of Wyndham Hotels & Resorts, Inc.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 10 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
WH is currently a Leader in the organic co-movement group Hotel Franchising. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for WH; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.