Wyndham Hotels & Resorts, Inc. WH

What this company does

It operates a hotel portfolio of 25 brands. It licenses its brands and associated trademarks to over 6,200 franchisees globally, which results in a diversified owner base with limited concentration. Under its franchise agreements, direct franchisees generally pay a royalty fee of approximately 5% of gross room revenue and a marketing and reservation fee of 2% to 4% of gross room revenue. In addition to its current hotel portfolio, it has approximately 2,200 properties and 259,000 rooms in its development pipeline throughout 63 countries. As of December 31, 2025, it had approximately 2,000 employees, consisting of approximately 900 employees outside of the United States. Its business was initially incorporated as Hospitality Franchise Systems, Inc. in 1990 to acquire the Howard Johnson brand and the franchise rights to the Ramada brand in the United States. It became an independent, public company in May 2018 when it was spun off from Wyndham Worldwide, now known as Travel + Leisure Co.

Written from the business description in Wyndham Hotels & Resorts, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 19 February 2026. Every sentence was checked against that document before publication.