WYNDHAM HOTELS & RESORTS, INC.WH

WYNDHAM HOTELS & RESORTS, INC. Segments Disclosure

10-KFiled Feb 19, 20262 min read
15. SEGMENT INFORMATION
Wyndham Hotels’ primary segment is Hotel Franchising which principally consists of licensing the Company’s lodging brands and providing related services to third-party hotel owners and others. This reportable segment represents the Company’s operating segment for which separate financial information is available and is utilized on a regular basis by its chief operating decision maker to assess performance and allocate resources. The Company’s chief operating decision maker (“CODM”) is the chief executive officer. In identifying its reportable segment, the Company also considers the nature of services provided by its operating segment. The Company’s primary measure of segment profit or loss is net income. The CODM evaluates the operating results of the Company on a consolidated basis based upon net revenues and net income, which is the measure of profit or loss that is most consistent with GAAP measurement principles and is used by the CODM internally to assess operating performance. The CODM also uses adjusted EBITDA to evaluate the operating results of its Hotel Franchising reportable segment.
Provided below is the Company’s segment profitability measure and significant segment expenses.
Year Ended December 31,
202520242023
Net revenues
$1,429 $1,408 $1,397 
Less expenses (a)
Compensation
(242)(255)(241)
Selling and advertising
(88)(119)(136)
Outsourced services and information technology (b)
(129)(127)(120)
Professional fees
(98)(90)(85)
Other segment items (c)
(382)(189)(209)
Corporate expenses (d)
(297)(339)(317)
Consolidated net income
$193 $289 $289 
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(a)    The significant expense categories and amounts align with the segment-level information that is regularly provided to the Company’s CODM.
(b)    Information technology costs primarily include maintenance costs and software as a service cost.
(c)    Other segment items include depreciation and amortization, stock-based compensation, restructuring costs, impairment charge, cost reimbursements, travel and entertainment, insurance and other operating expenses. 2025 period also includes impairment and other charges associated with the insolvency filing of Revo as well as pass-through expenses associated with the Company's global franchisee conference.
(d)    Corporate expenses include interest expense, net, transaction and separation-related expenses, provision for income taxes, early extinguishment of debt, compensation costs, and other overhead costs.
The geographic segment information provided below is classified based on the geographic location of the Company’s subsidiaries.
United States
All Other Countries (a)
Total
Year Ended or As of December 31, 2025
Net revenues$1,134 $295 $1,429 
Net long-lived assets2,925 194 3,119 
Year Ended or As of December 31, 2024
Net revenues$1,125 $283 $1,408 
Net long-lived assets2,979 188 3,167 
Year Ended or As of December 31, 2023
Net revenues$1,142 $255 $1,397 
Net long-lived assets3,002 190 3,192 
_____________________
(a)    Includes U.S. territories.

Historical Timeline

Fiscal YearFiled
2025Feb 19, 2026Showing above
2024Feb 13, 2025
2023Feb 15, 2024
2022Feb 16, 2023
2020Feb 12, 2021

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

Other Available Disclosures

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