Page 1

WYNDHAM HOTELS & RESORTS ● WYNDHAM HOTELS & RESORTS REPORTS THIRD QUARTER 2021 RESULTS Company Increases Dividend 33 % to Pre - Pandemic Level Raises Full - Year 2021 Outlook PARSIPPANY , N.J. , October 27 , 2021 - Wyndham Hotels & Resorts ( NYSE : WH ) today announced results for the three months ended September 30 , 2021. Highlights include : U.S. RevPAR exceeded 2019 levels by 7 % , growing 59 % versus 2020 . System - wide rooms grew 60 basis points sequentially , including 40 basis points of growth in the U.S. and 80 basis points of growth internationally . Diluted earnings per share of $ 1.09 compared to $ 0.29 in third quarter 2020 ; adjusted diluted EPS of $ 1.16 compared to $ 0.36 in third quarter 2020 . Net income of $ 103 million compared to $ 27 million in third quarter 2020 ; adjusted net income of $ 109 million compared to $ 34 million in third quarter 2020 . Adjusted EBITDA of $ 194 million compared to $ 103 million in third quarter 2020 . Net cash provided by operating activities of $ 147 million compared to $ 97 million in third quarter 2020 ; free cash flow of $ 141 million compared to $ 92 million in third quarter 2020 . Returned $ 50 million to shareholders in the quarter through $ 27 million of share repurchases and a quarterly cash dividend of $ 0.24 per share . Board of Directors recently authorized a 33 % increase in the quarterly cash dividend to pre pandemic level of $ 0.32 per share beginning with the dividend expected to be declared in fourth quarter 2021 . Company raises full - year 2021 outlook . " Our resilient select - service franchising business model continues to lead the industry's recovery with RevPAR well in excess of 2019 levels . These results have been fueled by the many investments we made over the last two years to capture an increasing share of both leisure and everyday business travel , " said Geoffrey A. Ballotti , president and chief executive officer . " Developer interest in our brands is strong . Our pipeline grew another 440 basis points and is now at pre - pandemic levels . At the same time our teams opened over 50 % more rooms than we opened last year , and more rooms than we opened in the third quarter of 2019. Our diversified brand portfolio , now including our newly launched upper midscale all - inclusive brand , Alltra , and compelling owner value proposition , combined with our asset - light business model positions us to deliver strong free cash flow and shareholder returns well into the future . "