Financial Data and Key Metrics Changes - Global Rev PAR increased by 110% compared to the previous year, with domestic economy Rev PAR exceeding 2019 levels by nearly 4% [7] - Adjusted EBITDA for the quarter was $168 million, surpassing the second quarter of 2019 [8] - Free cash flow for the quarter was $104 million, an increase of $264 million from the second quarter of 2019 [9] - Adjusted diluted earnings per share was $0.95, improving by 30% from 2019 [37] - The company ended the quarter with approximately $840 million of liquidity and an annualized net leverage ratio of 2.2 times [38] Business Line Data and Key Metrics Changes - The economy brands led the recovery in the U.S., with occupancy levels consistent with 2019 and ADR up 4% [30] - Midscale brands had occupancy down only 9% and ADR up 1% [31] - The company opened 9,800 rooms, which was nearly 30% more than the first quarter and over 70% more than last year [9][10] Market Data and Key Metrics Changes - In China, Rev PAR was down only 7%, showing improvement from a 25% decline in the first quarter [32] - EMEA region Rev PAR was down 68% due to travel restrictions, while Canada saw a 49% decline [33] - Domestic Rev PAR for June exceeded 2019 levels, with a 7% increase for economy brands compared to 2019 [13] Company Strategy and Development Direction - The company plans to target longer weekend getaways and mid-week leisure vacations, focusing on attracting younger consumers [19] - The development pipeline grew to over 190,000 rooms, with significant growth in China and Latin America [10][25] - The company aims to increase capital deployment to support future growth, with a focus on attracting new developers [65] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery, particularly in the U.S. and China, and provided a full-year outlook for 2021 [40] - The company expects adjusted EBITDA of $525 million to $535 million, representing approximately 85% of 2019 levels [40] - Management noted that leisure demand is expected to remain strong into the fall, driven by pent-up demand [99] Other Important Information - The company has increased its quarterly cash dividend to $0.24, restoring it to 75% of pre-pandemic levels [39] - The company received recognition for its ESG efforts, achieving a best-in-class level of disclosure [27] Q&A Session Summary Question: Thoughts on capital returns and dividend increase - Management indicated that the dividend increase aligns with earnings recovery and capital allocation priorities [46][47] Question: Impact of largest franchisee exploring alternatives - Management anticipates that core hotels will remain part of the Wyndham family despite the franchisee's changes [48] Question: Net earnings growth targets and room openings - Management expressed confidence in achieving room growth targets, with expectations to open over 50,000 rooms this year [52][53] Question: Strength of Rev PAR index and loyalty bookings - Management discussed ongoing investments in technology and marketing to enhance loyalty program effectiveness [60][61] Question: Labor costs and staffing challenges - Management noted that labor costs are less of an issue for economy and midscale hotels, and efforts are being made to optimize operations [70][71] Question: Free cash flow generation outlook - Management expects to convert approximately 55% of adjusted EBITDA to free cash flow for 2021 [77] Question: Development pipeline performance - Management reported strong growth in both domestic and international pipelines, with a focus on conversions [86][87]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38432 Wyndham Hotels & Resorts, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction ...

Financial Performance & Recovery - First quarter 2021 Adjusted EBITDA was $97 million[9] - First quarter 2021 free cash flow was $59 million[9, 49, 50] - RevPAR outperformed the total industry by 17 percentage points[9] - Economy segment occupancy and RevPAR surpassing 2019 levels in MTD April[5] - Midscale segment occupancy and RevPAR within 90% of 2019 levels in MTD April[5] - Franchisee collection rates within 95% of 2019 levels[5] Growth & Pipeline - Signed new contracts representing 90% of 2019 volume in Q1 2021[9] - Conversions accounted for over 70% of openings[9] - Global pipeline increased by 120 basis points[9] - Total pipeline at the end of Q1 2021 consisted of approximately 187,000 rooms across roughly 1,400 global hotels[3, 37] - 64% of the pipeline is international[44] Business Model & Strategy - The company aims for 1-2% net room growth in 2021 and a return to 2-4% post COVID-19[54] - The company targets 3-5% long-term net room growth through investments[54] - Over 70% of hotel room revenue in the U S is generated through Wyndham's central channels[56]

Wyndham Hotels & Resorts, Inc. (NYSE:WH) Q1 2021 Earnings Conference Call April 29, 2021 8:30 AM ET Company Participants Matt Capuzzi - Senior Vice President, Investor Relations Geoff Ballotti - Chief Executive Officer Michele Allen - Chief Financial Officer Conference Call Participants Joe Greff - JPMorgan David Katz - Jefferies Patrick Scholes - Truist Securities Stephen Grambling - Goldman Sachs Dany Asad - Bank of America Ian Zaffino - Oppenheimer Michael Bellisario - Baird Alton Stump - Longbow Researc ...

Financial Performance - Total net revenues for the three months ended March 31, 2021, decreased by $107 million, or 26%, compared to the prior-year period, primarily due to lower travel demand from COVID-19 [122]. - Adjusted EBITDA for the three months ended March 31, 2021, was $97 million, a decrease of 11% compared to $109 million in the prior-year period [126]. - Net revenues decreased by $34 million, or 14%, compared to Q1 2020, primarily due to a global RevPAR decline [128]. - Adjusted EBITDA decreased by $5 million, or 5%, compared to Q1 2020, mainly driven by the revenue decline, partially offset by cost reductions [128]. - Hotel Franchising net revenues for the three months ended March 31, 2021, were $209 million, down 14% from $243 million in 2020 [126]. - Hotel Management net revenues decreased by 44% to $94 million for the three months ended March 31, 2021, compared to $167 million in 2020 [126]. Room and Revenue Metrics - Global RevPAR for the three months ended March 31, 2021, decreased 10% to $24.90 compared to the prior year, with a 31% decline from the comparable 2019 period [121]. - The total number of rooms as of March 31, 2021, decreased by 4% to 797,200, reflecting the strategic termination plan that removed approximately 26,700 rooms in 2020 [120]. - Total rooms decreased to 48,500 in Q1 2021 from 59,300 in Q1 2020, representing an 18% decline [129]. - Global RevPAR decreased to $38.17 in Q1 2021 from $50.00 in Q1 2020, a decline of 24% [129]. Tax and Financial Position - The effective tax rate increased to 31.4% from 29.0% during the three months ended March 31, 2021, primarily due to changes in state tax rates [124]. - Total assets remained consistent at $4.64 billion as of March 31, 2021, compared to December 31, 2020 [132]. - Total liabilities decreased by $32 million to $3.65 billion as of March 31, 2021, primarily due to a decrease in accrued expenses [132]. - As of March 31, 2021, the company had $750 million in liquidity and was in compliance with financial covenants [136]. Cash Flow and Dividends - Cash provided by operating activities increased by $47 million to $64 million in Q1 2021 compared to Q1 2020 [141]. - Capital expenditures for Q1 2021 were $5 million, with an anticipated total of approximately $40 million for the year [145]. - The quarterly cash dividend was increased to $0.16 per share in Q1 2021, reflecting a 100% increase compared to the previous dividend [149]. Market and Operational Insights - Approximately 70% of bookings are generated from leisure customers, while 30% come from business travel, indicating a strong reliance on leisure demand [117]. - Nearly 90% of hotels within the U.S. system are located along highways and in suburban and small metro areas, positioning the company well for recovery [117]. - Over 99% of domestic and approximately 98% of the global portfolio remain open, indicating resilience amid the pandemic [116]. - The hotel industry is seasonal, with higher revenues typically in Q2 and Q3, but COVID-19 has disrupted this pattern, leading to higher revenues in Q3 and Q4 of 2020 [154]. Legal and Risk Management - As of March 31, 2021, potential exposure from legal proceedings could reach approximately $6 million beyond recorded accruals, but the company does not expect a material liability from these litigations [156]. - The total outstanding balance of variable-rate borrowings, net of swaps, was $460 million as of March 31, 2021, with a hypothetical 10% change in interest rates resulting in approximately a $5 million increase or decrease in annual interest expense [160]. - The company has foreign currency exposure to several currencies, including the Canadian Dollar and Euro, with a notional amount of outstanding foreign exchange hedging instruments at $92 million as of March 31, 2021 [163]. - A hypothetical 10% change in foreign currency exchange rates would result in approximately a $7 million increase or decrease in the fair value of outstanding forward foreign currency exchange contracts [163]. - The company uses interest rate swaps and foreign currency forwards to manage risks related to debt and foreign currency exchange rates [158]. - The company assesses market risk through sensitivity analyses, which are limited by the necessity to conduct the analysis based on a single point in time [165].

WYNDHAM HOTELS & RESORTS Investor Presentation February 10, 2021 Introduction to Wyndham Hotels & Resorts 2 Largest hotel franchisor by hotels worldwide Leading economy and midscale brands in attractive select-service space Asset-light business model with significant cash generation capabilities Primarily leisure-focused "drive to" portfolio of hotels | --- | --- | --- | --- | |-----------------|-------------------------|---------------------------------|----------------------------| | | | | | | 8,900+ | 79 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38432 Wyndham Hotels & Resorts, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Org ...

Financial Data and Key Metrics Changes - The company generated $296 million in revenue and $56 million in adjusted EBITDA for Q4 2020, bringing full-year revenues to $1.3 billion and adjusted EBITDA to $327 million [28] - Q4 revenues, excluding cost reimbursement revenues, decreased by $126 million, primarily due to a 35% decline in global RevPAR and a $50 million decline in license fees [29] - Adjusted EBITDA declined by $97 million in Q4, reflecting revenue changes partially offset by a 15% reduction in costs [29] - Full-year adjusted diluted earnings per share was $1.03, with a cash balance of $493 million at year-end, down $242 million from September 30 [35][36] Business Line Data and Key Metrics Changes - The select service portfolio of economy and mid-scale hotels in the U.S. saw RevPAR declines of 28%, with nearly two-thirds coming from occupancy [30] - Domestic RevPAR in Q4 finished down 31%, while international RevPAR was down 44%, showing an improvement from previous quarters [11][32] - The company opened over 14,000 rooms in Q4, with conversion activity driving the majority of openings [14] Market Data and Key Metrics Changes - In the U.S., new openings were strongest in Texas, Florida, and North Carolina, while internationally, openings were strongest in Mainland China and Southeast Asia [15] - The overall domestic pipeline increased to 67,000 rooms, while the global pipeline reached 185,000 rooms [16] - In China, RevPAR was down only 10% in Q4, with occupancy levels improving to 50% [32] Company Strategy and Development Direction - The company aims to return to positive net rooms growth, focusing on franchise sales and marketing investments to enhance guest experience and brand quality [21] - The strategic termination plan removed over 20,000 non-compliant brand-attracting rooms, strengthening long-term royalty rates and brand performance [10] - The company is optimistic about the resurgence of leisure travel and believes it is well-positioned to drive superior results for owners and significant value for shareholders [27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery in leisure travel due to effective vaccine rollouts and improving market conditions [27] - The company expects net room growth of 1% to 2% in 2021, with retention rates normalizing back to the 95% range [39] - Management highlighted the importance of maintaining a strong balance sheet and liquidity to support franchisees during challenging times [36] Other Important Information - The company ended 2020 with over $1.2 billion in liquidity, including a $750 million undrawn revolving credit facility [36] - The Board of Directors authorized a 100% increase in the quarterly cash dividend to $0.16 per share [38] Q&A Session Summary Question: How to think about unit growth and free cash flow? - Management discussed the removal of non-compliant rooms and how it opens new development tracks for franchise sales, which will enhance cash generation and fee generation [49] Question: What is the expected breakout between conversions and new construction? - Management indicated that conversions made up about 60-65% of openings in 2020, with expectations for this percentage to increase [56] Question: What is the trajectory of G&A growth throughout the year? - Management expects G&A to be about $5 million favorable to 2019 levels per quarter, with a 15% reduction anticipated [63] Question: What brands performed best in terms of RevPAR? - La Quinta was highlighted as the best-performing brand, with significant market share gains, followed by strong performances from Hawthorn and Microtel [75] Question: What is the outlook for license fees in 2021? - License fees are projected to be $70 million, tied to contractual minimums, with expectations for improvement if sales exceed projections [81]

Wyndham Hotels & Resorts, Inc. (NYSE:WH) Q3 2020 Earnings Conference Call October 29, 2020 8:30 AM ET Company Participants Matt Capuzzi - Senior Vice President, Investor Relations Geoff Ballotti - Chief Executive Officer Michele Allen - Chief Financial Officer Conference Call Participants Joe Greff - JPMorgan Dany Asad - Bank of America David Katz - Jefferies Anthony Powell - Barclays Stephen Grambling - Goldman Sachs Patrick Scholes - Truist Ian Zaffino - Oppenheimer Michael Bellisario - Baird Operator Wel ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38432 https://files.reportify.cc/media/producti Wyndham Hotels & Resorts, Inc. (Exact Name of Registrant as Specified ...