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 ...

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 transition period from to Commission file number 001-38432 Wyndham Hotels & Resorts, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 82-3356232 (State or Other Jurisdiction of Incorporation or Organization) 22 Sylvan Way 07054 Parsippany, New Jersey (Zip Code) ☐ TRANSITION REPORT PURSUANT TO ...

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 March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) 22 Sylvan Way 07054 Parsippany, New Jersey (Zip Code) (Address o ...

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, 2019 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 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 (State or Other Jurisdiction of Incorporation or Organization) OR o 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 Re ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR o 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) Delaware 82-3356232 (State or ...