Wyndham Hotels & Resorts Inc. research snapshot

WH AI Stock Analysis

WH AI stock analysis as of the August 3, 2026 data cutoff reads Wyndham Hotels & Resorts as the world largest hotel franchisor by property count, operating 25 brands including Super 8, Days Inn, Ramada, Microtel, La Quinta, Baymont, Wingate, and ECHO Suites across about 8,300 hotels and 873,400 rooms in roughly 100 countries, earning essentially all revenue from franchise fees, marketing, reservation, and loyalty services with minimal direct property ownership. At the August 3, 2026 data cutoff, WH traded near $76.46, up 2.14% from the $74.86 close on July 31, with a verified market capitalization near $5.67 billion. The Q2 2026 report, released July 22, 2026, delivered 2% U.S. RevPAR growth, a record pipeline of roughly 261,000 rooms with a 30% FeePAR premium, 3% comparable adjusted EBITDA and adjusted EPS growth, and a raised full-year 2026 outlook including adjusted diluted EPS of $4.71 to $4.83. The stock still trades below its 50-day, 100-day, and 200-day moving averages after a broad decline from the February 2025 high near $113, with GAAP earnings down sharply from 2024 levels. The WH AI stock forecast uses scenarios instead of a single price target because RevPAR, unit growth, Revo insolvency resolution, leverage costs, buybacks, and valuation multiples can change the outlook quickly. This page is an informational research tool, not investment advice.

Current price

$76.46 at the August 3, 2026 market open reading, up 2.14% from the $74.86 July 31 close, after opening at $75.88

Market cap

$5.67 billion, computed as $76.46 x 74.21 million shares and reported by StockAnalysis.com

AI score

63 / 100

Rating

World-largest hotel franchisor by property count with a stable Q2, a raised 2026 outlook, but stalled GAAP earnings, high leverage, and a stock below its key moving averages

Trend status

Below the 20-day, 50-day, 100-day, and 200-day moving averages, above the 5-day average near $75.61, and down about 15% over the trailing 52 weeks

Data cutoff (updated monthly)

August 4, 2026

Informational use only. This page is not investment advice.

Research quality check

information Richness
B-level information richness. Wyndham has public filings, SEC data including the Q2 2026 Form 10-Q filed July 23, 2026, the July 22, 2026 earnings release, the July 23, 2026 earnings call, analyst coverage from 17 analysts, and liquid market data, but its economy and midscale hotel focus and smaller market cap mean less detailed sell-side analysis than larger hotel peers like Hilton or Marriott. The August 3, 2026 full refresh re-fetched and re-validated the key figures: the $76.46 market open reading, $5.67 billion market cap computed as $76.46 times 74.21 million shares, TTM revenue of $1.42 billion, the Q2 2026 results, and the balance sheet figures of $69 million cash, $2.675 billion total debt, $2.606 billion net debt, and $480 million equity, which matched across StockAnalysis.com, SEC EDGAR XBRL, the earnings release, the Q2 2026 Form 10-Q, and the earnings call.
bias Check
The main AI research bias is over-weighting Wyndham large property count and the Q2 U.S. RevPAR beat while under-weighting its economy and midscale positioning, stalled GAAP earnings, high leverage, the Revo insolvency, negative short interest of 9.83% of shares outstanding, an Altman Z-Score of 1.87, and a stock that is still below its 50-day and 200-day moving averages. The reverse check asks why the market still prices WH near 15x forward earnings despite a raised outlook: the answer is that international RevPAR fell 6%, the Middle East conflict cut regional RevPAR 45%, the Revo portfolio is largely terminating in the second half, China remains under deflationary pricing pressure, and GAAP net income has fallen from $289 million in 2024 to $193 million in 2025, so the market is waiting for visible earnings re-acceleration before re-rating the multiple.
ai Confidence
High for filings, market data, Q2 2026 results, balance sheet math, and valuation ratios that cross-validated across StockAnalysis.com, SEC EDGAR XBRL, the Q2 2026 earnings release, the Q2 2026 Form 10-Q, and the earnings call transcript during the August 3, 2026 refresh. Medium for forward price ranges because international RevPAR, Revo resolution, interest costs, buybacks, and valuation multiples create a wide set of possible outcomes. The StockAnalysis.com statistics page reports a 27.36 trailing PE and 15.32 forward PE, while exact decimal math on the same page figures gives about 27.91x trailing and 15.96x forward on FY2026 adjusted EPS of $4.79, a difference that reflects rounding and estimate basis. This page uses the reported statistics as primary and notes the computed check.
investment Certainty
Low-to-medium. Wyndham is a data-available business with a clear franchising model, a raised 2026 outlook, and strong cash generation, but investment certainty is lower than data confidence because GAAP earnings have stalled, net debt is large relative to the $480 million equity base, international RevPAR is declining, and the stock is trading below its key moving averages with no confirmed catalyst for re-acceleration yet.

Quick verdict table

DimensionConclusionConfidence
Business qualityWyndham earns essentially all revenue from franchise fees, marketing fees, reservation, and loyalty services provided to third-party hotel owners. The model is asset-light with high incremental margins and low capital intensity, but fees are tied to economy and midscale revenue, which face more pressure from owner costs, short-term rentals, and alternative lodging than premium chains face.Medium-high
MoatThe moat comes from brand scale (25 brands, about 8,300 hotels, 873,400 rooms), geographic reach across roughly 100 countries, owner relationships, Wyndham Rewards loyalty program with over 126 million members, and long-term franchise contracts. However, brands like Super 8 and Days Inn face more competition from independent budget lodging and short-term rentals than premium chains.Medium
ManagementCEO Geoffrey Ballotti has led Wyndham since its 2018 spin-off, and he disclosed on the Q2 2026 call that he is being treated for multiple myeloma while remaining active. CFO Amit Sripathi, who succeeded Michele Allen, is running a disciplined capital program: Q2 repurchases of $54 million, dividends of $0.43 per share, net leverage of 3.5x at the midpoint of the 3x to 4x target, and about $170 million of capital available for buybacks or M&A in the back half of 2026.Medium
Financial trendQ2 2026 delivered net revenues of $375 million down 6%, net income of $102 million up 17%, adjusted net income of $111 million up 8% and flat on a comparable basis, adjusted EBITDA of $212 million up 9% and 3% on a comparable basis, diluted EPS of $1.36 up 20%, adjusted diluted EPS of $1.48 up 11% and 3% comparable, and a raised 2026 outlook. GAAP net income has still fallen from $289 million in 2024 to $193 million in 2025, with TTM net income near $207 million on TTM revenue of $1.42 billion.Medium-high
ValuationAt $76.46, StockAnalysis.com reports a 27.36 trailing PE, 15.32 forward PE, 3.92 price to sales, 17.20 price to free cash flow, 15.49 EV to EBITDA, and a 2.30% dividend yield. Exact decimal math on the same figures gives about 27.91x trailing GAAP EPS, 4.00x sales, 17.58x free cash flow, and 2.25% yield. The forward multiple is low for an asset-light franchisor with a raised outlook, but it reflects stalled GAAP earnings and international weakness.High
Technical trendThe stock traded at $76.46 on August 3, 2026, above its 5-day average near $75.61 but below its 20-day near $76.74, 50-day near $79.94 to $80.04, 100-day near $80.87, and 200-day near $78.68 to $78.70, with 14-day RSI near 43 and ADX near 20 with negative directional index above positive, a bearish configuration. The stock is down about 15.3% over the trailing 52 weeks with a 52-week range of $69.21 to $91.44.Medium
Risk levelMain risks include economy and midscale travel demand sensitivity, international RevPAR declines including a 45% Middle East drop and weak China pricing, the Revo insolvency with most of that portfolio terminating in the second half, owner profitability and financing stress, high net debt of $2.606 billion versus $480 million equity, interest cost pressure, short interest of 9.83% of shares outstanding, and an Altman Z-Score of 1.87.Medium-high
AI confidenceDescriptive confidence is medium-high because company filings and third-party datasets agree on key financial data during the August 3, 2026 refresh. Return confidence is lower because GAAP earnings have stalled, international RevPAR is negative, and the stock is in a persistent downtrend from its 2025 high.Medium-high data confidence
Investment certaintyWyndham has a resilient franchise business model and a raised 2026 outlook, but the current setup requires visible earnings stabilization, international RevPAR recovery, Revo resolution, and a reclaim of the moving averages before the risk-reward becomes more attractive.Low-to-medium

WH AI stock forecast

WH AI Stock Forecast Scenarios

The WH AI stock forecast is scenario-based because hotel franchising earnings depend on RevPAR, unit growth, royalty and marketing fee revenue, owner profitability, debt cost, buybacks, and the market multiple. Using the $76.46 price reference, the FY2026 adjusted EPS consensus of $4.79, and an audited three-year framework, the mechanical outcomes are about $148 in a bullish case, $115 in a base case, and $76 in a bearish case before dividends.

Bullish case

$135 to $160 before dividends

More likely if U.S. RevPAR growth stays near 2% or better, international RevPAR recovers, the Revo portfolio is resolved cleanly, net room growth holds near 4% to 4.5%, ancillary revenue keeps growing at double digits, buybacks keep reducing the share count, and the market re-rates WH toward 20x to 22x forward earnings.

Base case

$100 to $125 before dividends

More likely if earnings compound near the FY2026 adjusted EPS guidance of $4.71 to $4.83, unit growth matches the 4% to 4.5% outlook, fee revenue holds steady, the company continues its dividend and moderate buyback program, and the market values WH near 18x to 19x forward earnings.

Bearish case

$68 to $85 before dividends

More likely if travel demand in economy and midscale segments weakens, international RevPAR keeps falling, owner profitability pressures franchise retention, the Revo termination is messier than expected, interest costs stay elevated relative to earnings, or the market keeps WH near 15x or below due to stalled growth and leverage concerns.

WH AI technical analysis

WH AI Technical Analysis

WH AI technical analysis is cautious as of the August 3, 2026 data cutoff. StockAnalysis.com showed WH near $76.46, up 2.14% from the $74.86 July 31 close, with a market cap near $5.67 billion, a 52-week range of $69.21 to $91.44, and a 52-week price change of about negative 15.3%. Barchart reported the stock above its 5-day moving average near $75.61 but below its 20-day near $76.74, 50-day near $79.94, 100-day near $80.87, and 200-day near $78.68, with 14-day RSI near 43, 14-day ADX near 20, and negative directional index above positive directional index. The stock has been in a broad decline since the February 2025 peak near $113, and the July 22, 2026 earnings report lifted price briefly before the stock cooled back below its moving averages.

LevelValueWhy it matters
Current price$76.46StockAnalysis.com real-time quote at the August 3, 2026 market open reading, up 2.14% from the $74.86 July 31 close, after opening at $75.88.
5-day moving average$75.61Barchart reported the 5-day moving average near $75.61 on August 3, 2026, slightly below the current price, a minor near-term pivot.
20-day moving average$76.74Barchart reported the 20-day moving average near $76.74 on August 3, 2026, just above the current price, the first overhead level.
50-day moving average$79.94 to $80.04Barchart placed the 50-day moving average near $79.94 and StockAnalysis.com near $80.04 as of August 3, 2026, the first major resistance zone.
200-day moving average$78.68 to $78.70Barchart reported the 200-day trend line near $78.68 and StockAnalysis.com near $78.70 on August 3, 2026, below the current price but above the 5-day and 20-day averages.
100-day moving average$80.87Barchart reported the 100-day moving average near $80.87 on August 3, 2026, near the 50-day zone and a key recovery target.
Near support$73 to $76The $73 to $76 band sits near the day range low of $75.43 and recent swing lows from earlier in 2026, a potential demand zone.
Secondary support$69 to $71The 52-week low is $69.21. A break below the near support zone could open a move toward this lower band.
Major resistance$87 to $91The 52-week high is $91.44. A recovery back above $80 and toward the $87 to $91 zone would be a meaningful technical improvement.
MomentumRSI near 40 to 43, ADX near 20Barchart reported 14-day RSI near 43 and StockAnalysis.com near 39.6, with 14-day ADX near 20.33 and negative directional index near 22.10 above positive directional index near 14.51, a weak and slightly bearish configuration rather than an oversold bounce setup.
VolumeAbout 1.3 million to 1.4 million shares average volumeBarchart listed 20-day average volume near 1.33 million shares and StockAnalysis.com near 1.40 million on August 3, 2026, liquid mid-cap trading but breakout confirmation still requires live volume.
Volatility14-day historical volatility near 24%Barchart reported 14-day historical volatility near 24.23% and 14-day average true range near $2.50 on August 3, 2026, so position sizing should account for moderate swings.
InvalidationClose below $73, recovery above $80A sustained break below the $73 to $76 near support would weaken the setup. Recovery above the 50-day and 100-day area near $80 to $81 would be the first positive technical signal.

WH AI trading strategy

WH AI Trading Strategy Framework

The WH AI trading strategy below is a rules-based research framework, not personal advice. It connects price behavior with U.S. and international RevPAR, unit growth, royalty and marketing fee revenue, adjusted EBITDA, owner profitability, Revo resolution, debt service costs, buybacks, and valuation levels.

Trend-following setup

Given the current below-moving-averages setup, a trend-following approach would wait for WH to reclaim the $80 to $81 zone with sustaining volume, positive U.S. and international RevPAR commentary, and no negative revision to earnings or unit growth guidance.

If the next earnings update shows further international RevPAR deterioration, a messy Revo termination, or a break below the $73 to $76 near support, trend confidence is low and the setup is not favorable for trend-following entry.

Mean-reversion setup

If WH pulls back toward the $69 to $76 zone without a fundamental reset, compare the lower price with fee revenue trajectory, adjusted EBITDA, cash generation, dividend coverage, buyback activity, and peer action in Choice and other mid-cap hotel franchisors.

Mean-reversion in a downtrend carries higher risk because stalled earnings, negative short interest of 9.83%, and high leverage can lead to sustained multiple compression rather than recovery.

Fundamental monitor

Track U.S. and international comparable RevPAR by region, net room growth excluding Revo, pipeline additions, royalty and marketing fee revenue, adjusted EBITDA, net debt to adjusted EBITDA near 3.5x, free cash flow, buyback activity, dividend coverage, Revo termination and retention, and owner health indicators.

Position sizing should reflect that WH has higher leverage (net debt of $2.606 billion versus $480 million equity) and a narrower equity base than larger hotel peers, which amplifies downside risk during earnings stress.

Investment research summary

Four-master Research Compression

Business essence

Guests pay for affordable and familiar places to stay, while hotel owners pay Wyndham for brand recognition, reservation distribution, loyalty program access, and operating standards. Wyndham converts that network into high-margin franchise and marketing fee revenue with minimal direct property investment.

Moat

The moat comes from brand scale (25 brands, about 8,300 hotels, 873,400 rooms), geographic reach, owner relationships, Wyndham Rewards loyalty with over 126 million members, and long-term franchise contracts. It narrows if budget lodging faces competition from short-term rentals, owner satisfaction erodes, or major brands lose relevance with travelers.

Munger risk inversion

The thesis fails if U.S. RevPAR momentum fades, international RevPAR keeps falling, the Revo insolvency termination is messy, owners struggle with profitability and financing, franchise attrition accelerates, debt costs pressure free cash flow, the dividend is cut, or the stock continues to grind lower without a catalyst.

Management

CEO Geoff Ballotti has led Wyndham since its 2018 spin-off and is managing the business while being treated for multiple myeloma. CFO Amit Sripathi is running a disciplined capital program with a 3.5x net leverage target, $54 million in Q2 buybacks, $0.43 per share dividends, and about $170 million available for buybacks or M&A in the back half of 2026. The key challenge is converting a raised 2026 outlook into visible GAAP EPS re-acceleration.

Industry trend

Travel demand benefits from stable leisure and business travel, with U.S. select service RevPAR strengthening and infrastructure and AI data center projects boosting weekday occupancy, but Wyndham economy and midscale brands are more exposed to cost-sensitive consumers, owner financing stress, international weakness, and competition from alternative accommodations than premium hotel chains.

Valuation and margin of safety

At $76.46, WH trades at about 27.9x trailing GAAP earnings despite stalled earnings, 15.3x to 16x forward earnings on the raised FY2026 adjusted EPS of $4.71 to $4.83, and near 4x sales. The forward multiple is low, but the margin of safety depends on visible earnings re-acceleration, international RevPAR recovery, Revo resolution, and a return to consistent unit and fee growth.

Source-backed data

WH Data Table

Every metric below includes a source and last verification date.

MetricValueSourceLast verified
Current price reference$76.46 at the August 3, 2026 market open reading, up 2.14% from the $74.86 July 31 close, after opening at $75.88StockAnalysis.com real-time quoteAugust 3, 2026
Market capitalization$5.67 billion, computed as $76.46 x 74.21 million shares and reported by StockAnalysis.comStockAnalysis.com quote and statisticsAugust 3, 2026
Shares outstanding74.21 million shares outstanding as of July 15, 2026, per the Q2 2026 Form 10-Q cover and StockAnalysis.com, down about 3.25% year over yearQ2 2026 Form 10-Q and StockAnalysis.com statisticsAugust 3, 2026
Q2 2026 net revenues$375 million, down 6% from $397 million, reflecting the absence of pass-through revenue from the May 2025 global franchisee conference, lower other franchise fees, and the deferral of Revo fees, partially offset by higher ancillary revenues and 4% net room growth excluding RevoWyndham Q2 2026 earnings releaseJuly 22, 2026
Q2 2026 net income and adjusted net incomeNet income of $102 million up 17% from $87 million, adjusted net income of $111 million up 8% from $103 million and flat on a comparable basisWyndham Q2 2026 earnings releaseJuly 22, 2026
Q2 2026 EPSDiluted EPS of $1.36 up 20% from $1.13, adjusted diluted EPS of $1.48 up 11% from $1.33 and about 3% higher on a comparable basisWyndham Q2 2026 earnings releaseJuly 22, 2026
Q2 2026 adjusted EBITDA$212 million up 9% from $195 million, or 3% higher on a comparable basis excluding marketing fund variabilityWyndham Q2 2026 earnings release and earnings callJuly 22, 2026
Q2 2026 RevPARU.S. RevPAR of $54.50 up 2%, International RevPAR of $37.31 down 6%, Global RevPAR of $47.01 down 1% in constant currencyWyndham Q2 2026 earnings releaseJuly 22, 2026
Q2 2026 regional RevPAR detailU.S. Midscale and Upper Midscale RevPAR of $62.36 up 3%, U.S. Economy $43.48 up 1%, U.S. Upscale and Above $91.85 down 5%, Canada $61.49 up 2%, Greater China $16.43 down 5%, Rest of Asia Pacific $28.78 up 5%, EMEA $57.19 down 6%, Latin America $50.99 down 7%, with Middle East RevPAR down 45%Wyndham Q2 2026 earnings releaseJuly 22, 2026
System size and pipeline873,400 global rooms at June 30, 2026, up 3%, or 853,600 rooms up 4% excluding Revo; development pipeline of approximately 261,000 rooms and over 2,200 hotels, up 4% excluding Revo to a record, carrying a FeePAR premium of about 30%; record Q2 openings of nearly 18,000 rooms up 7% year over yearWyndham Q2 2026 earnings releaseJuly 22, 2026
2026 full-year outlookNet revenues of $1.48 billion to $1.50 billion, adjusted EBITDA of $735 million to $745 million, adjusted net income of $355 million to $365 million, adjusted diluted EPS of $4.71 to $4.83, global RevPAR growth of 0.0% to 1.0%, net room growth of 4.0% to 4.5%, and a 55% to 60% free cash flow conversion rateWyndham Q2 2026 earnings releaseJuly 22, 2026
Q2 2026 cash flow and capital returnsNet cash provided by operating activities of $91 million up 30%, adjusted free cash flow of $105 million up 19%, $86 million returned to shareholders including $54 million of share repurchases for about 657,000 shares and $32 million of dividends at $0.43 per share; year to date, $169 million of free cash flow, $170 million returned, and 1.3 million shares repurchased for $105 millionWyndham Q2 2026 earnings release and earnings callJuly 22, 2026
Balance sheetCash of $69 million, total debt of $2.675 billion, net debt of $2.606 billion, net leverage of 3.5x at the midpoint of the 3x to 4x target, total liquidity of about $1.0 billion, and total equity of $480 million as of June 30, 2026, matching SEC EDGAR XBRLQ2 2026 Form 10-Q, Wyndham Q2 2026 earnings release, and SEC EDGAR XBRLAugust 3, 2026
FY2025 financialsFY2025 revenue of $1.43 billion up 1.78% from $1.40 billion, net income of $193 million down 33.22% from $289 million, adjusted EBITDA of $718 million, with Q4 2025 including an $86 million impairment and $74 million of Revo-related chargesWyndham FY2025 Form 10-K and StockAnalysis.comAugust 3, 2026
TTM financialsTTM revenue of $1.42 billion, TTM net income of $207 million, TTM EPS of $2.74, TTM gross profit of $891 million, TTM operating income of $533 million, TTM EBITDA of $527 million, and TTM free cash flow of $323 million, or $4.35 per shareStockAnalysis.com statisticsAugust 3, 2026
Valuation check27.36 trailing PE, 15.32 forward PE, 3.92 price to sales, 17.20 price to free cash flow, 15.49 EV to EBITDA, 25.27 EV to FCF, 11.70 price to book, and a 2.30% dividend yield per StockAnalysis.com; exact decimal math on the same figures gives about 27.91x trailing, 4.00x sales, 17.58x price to FCF, and 2.25% yield at the $76.46 readingStockAnalysis.com statistics and financial_rigor.pyAugust 3, 2026
Analyst consensusBuy with an average 12-month price target of $98.47 across 17 analysts, low of $80, high of $115, and median of $98, about 28.79% above the $76.46 priceStockAnalysis.com forecastJuly 29, 2026
Analyst rating mix, July 202610 Strong Buy, 4 Buy, 3 Hold, 0 Sell, 0 Strong Sell out of 17 analystsStockAnalysis.com forecast recommendation trendsJuly 29, 2026
Recent analyst target updatesJ.P. Morgan $97 to $95 on July 29, Wells Fargo $98 to $87 on July 24, Goldman Sachs $87 to $80 on July 23, Morgan Stanley $89 to $93 on July 23, Truist maintained Buy on July 23, with earlier updates from J.P. Morgan, Barclays, Wells Fargo, Susquehanna, and Morgan StanleyStockAnalysis.com forecast and news feedJuly 29, 2026
Short interest7.30 million shares short, 9.83% of shares outstanding, 9.99% of float, and 4.96 days to coverStockAnalysis.com statistics short sellingAugust 3, 2026
52-week range and performance52-week range of $69.21 to $91.44, 52-week price change of about negative 15.3%, and beta of 0.63StockAnalysis.com quote and statisticsAugust 3, 2026
DividendAnnual dividend of $1.72 per share with a 2.30% yield, quarterly dividend of $0.43 per share, dividend growth of about 6.33% year over year, five years of dividend growth, and a payout ratio of about 62.86%StockAnalysis.com dividend history and Wyndham dividend press releaseAugust 3, 2026
Financial forecastFY2026 revenue estimate of $1.48 billion up 3.41%, FY2026 adjusted EPS estimate of $4.79 up 4.63%, FY2027 revenue estimate of $1.57 billion, and FY2027 adjusted EPS estimate of $5.34StockAnalysis.com forecastJuly 29, 2026
Revo insolvencyRevo, a large European franchisee, filed for insolvency in early 2026. Wyndham removed all Revo-related revenue from reported results and outlook, deferred about $12 million of royalties and franchise fees from Revo, excluded Revo rooms from net room growth, expects most of the Revo portfolio to terminate during the third and fourth quarter of 2026, expects to retain a subset and sign new franchise agreements with new operators, and recognized about $10 million of net revenue from two Revo hotels it took possession ofWyndham Q2 2026 earnings release and earnings callJuly 22, 2026
Growth algorithmLong-term algorithm of high single digit adjusted EBITDA growth on 2% to 3% RevPAR growth and 4% to 5% net room growth, with ancillary revenue growing low double digits this year and high single digits long term, and royalty rate up 5 basis points annuallyWyndham Q2 2026 earnings callJuly 23, 2026
Technical snapshot5-day SMA near $75.61, 20-day SMA near $76.74, 50-day SMA near $79.94 to $80.04, 100-day SMA near $80.87, 200-day SMA near $78.68 to $78.70, 14-day RSI near 39.6 to 43.4, 14-day ADX near 20.33, 14-day historical volatility near 24.23%, and 20-day average volume near 1.33 million to 1.40 million sharesBarchart and StockAnalysis.com technical snapshotsAugust 3, 2026
Credit scoresAltman Z-Score of 1.87 and Piotroski F-Score of 5StockAnalysis.com statisticsAugust 3, 2026

Frequently Asked Questions

This WH AI stock analysis is for informational and educational use only. It is not investment advice, a recommendation, or a promise of future returns. Forecast ranges are scenarios based on available data as of August 3, 2026 and can be wrong if RevPAR, travel demand, hotel owner economics, the Revo insolvency, debt costs, buybacks, valuation multiples, or market conditions change.