Wyndham Hotels & Resorts announced its first-quarter 2025 results on April 30, 2025, reporting a 4% global system growth and a record-high development pipeline of approximately 2,140 hotels and 254,000 rooms, a 5% year-over-year increase. Global RevPAR increased 2% in constant currency, with U.S. RevPAR up 2% and international RevPAR up 3%.
Net income for the quarter was $61 million, a significant increase from $16 million in the prior year, and adjusted diluted EPS was $0.86, up from $0.78 on a comparable basis. Fee-related and other revenues rose to $316 million from $304 million year-over-year, and adjusted EBITDA grew 9% on a comparable basis to $145 million.
Despite the strong Q1 performance, Wyndham refined its full-year 2025 outlook, lowering its global RevPAR growth projection to a range of down 2% to up 1% in constant currency, from the previous 2% to 3%. Consequently, the company also reduced its guidance for fee-related and other revenues to $1.45 - $1.49 billion, adjusted EBITDA to $730 - $745 million, and adjusted diluted EPS to $4.57 - $4.74.
The revised outlook reflects a softer-than-expected RevPAR environment, particularly a pullback in demand observed during March and April, partially offset by pricing strength. The company generated $80 million in adjusted free cash flow and maintained a net debt leverage ratio of 3.5 times at quarter-end.
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