Although Wyndham Hotels & Resorts experienced a sluggish fourth quarter of 2025 systemwide, the company maintained overall growth across its hotel footprint for the full year.
Wyndham’s global RevPAR decreased by 6% year over year in the fourth quarter of 2025, reflecting an 8% decline in the U.S. and a 1% decline internationally, according to an earnings report published Wednesday.
Meanwhile, for full-year 2025, Wyndham’s global RevPAR decreased 3% year over year, including a 4% decline in the U.S. and flat growth in international markets.
The fourth-quarter results come after the company posted softer Q3 RevPAR amid a challenged economy and “macro uncertainty,” CFO Kurt Albert, who assumed the role during Q4, said during a Thursday earnings call with analysts and investors.
Despite “continued negative U.S. RevPAR pressure,” CEO Geoff Ballotti said he is optimistic about overall performance in 2026, particularly when it comes to portfolio growth and heightened demand for economy hotels among U.S. customers.
Development growth
Wyndham opened a record 72,000 rooms in 2025, with nearly 14,000 in Q4. Its global development pipeline grew 3% year over year to a record 259,000 rooms.
“We are encouraged by both new construction and conversions,” Ballotti said. “I know there's been a lot of talk across the industry that new construction pipelines are pressured — we're not seeing it.”
He added that Wyndham is seeing growth in new construction executions, up 15% from the prior year.
Strong conversion activity
New Jersey-based Wyndham noted it saw weakened performance in Florida, Texas and California in the fourth quarter, but stronger performance in the Midwest helped to partially offset these numbers, per the report. Ballotti noted some Midwestern states are seeing an increase in infrastructure demand.
Domestically, performance was largely driven by “strong conversion activity,” including several conversion openings in Miami, Tennessee, Texas and Utah, Albert noted. Competitor Hilton also noted conversions are “integral” for growth in 2026 during its Q4 earnings call.
Albert also touted momentum in the extended stay brand Echo Suites, which first launched in South Carolina in 2024. Wyndham ended the year with 18 Echo Suites operating across the U.S., including nearly half a dozen openings in Q4, in Texas, Arizona, Missouri, Georgia and Florida. There are currently 32 Echo Suites hotels open or under construction.
“New hotels continue to break ground, and development timelines are faster than ever as construction costs moderate,” Albert said.
Wyndham ramped up its conversion activity in Q4 through the launch of Dazzler Select, a pure conversion offering. Announced in October, the soft economy lifestyle brand is aimed at independent hoteliers and so far has three projects in the works, including the Magic Moment Resort & Kids Club in Kissimmee, Florida.
2026 outlook
Ballotti said he is not expecting the same type of year-over-year declines in 2026, especially as the hotel industry continues to stabilize. For 2026, Wyndham projects global RevPAR will be in the range of down 1.5% to up 0.5%, and anticipates room growth between 4% and 4.5%, per the report.
“2025 was the most open[ing]s in nine years, conversions are picking up and the pipeline continues to grow,” Ballotti said. “We're feeling really good about the U.S.”
