Investor Presentation - Wyndham Hotels Q2 2025

Investor Presentation - Wyndham Hotels Q2 2025

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• 37. Page 4 RPI growth represents Q225 vs. Q219, system growth represents 6/30/25 vs. 6/30/19 and retention rate improvement represents full-year 2024 vs. fullyear 2019. 2019 represents period of initial technology investments. Page 8 Data as of June 30, 2025. Reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the Appendix. (a) In constant currency. (b) Reported net income was $87M for second quarter 2025 and $86M for second quarter 2024. Comparable basis excludes marketing fund variability. (c) Net cash from operating, investing and financing activities for the three months ended June 30, 2025 was $70M, ($12M) and ($57M), respectively. Page 12 (a) Based on 2023 and 2024 actual adjusted net income and annualized $0.35 for 2023 and $0.38 for 2024 per share quarterly dividend. (b) Based on 2025 estimated adjusted net income and annualized $0.41 per share quarterly dividend, consistent with current quarterly cash dividend policy. Page 16 Reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the Appendix. (a) Net income for full-year 2024 was $289M. (b) Comparable basis excludes marketing fund variability. Page 20 Franchised hotel data as most publicly available data - June 30, 2025 for Wyndham, December 31, 2024 for Choice, and March 31, 2025 for all others; all other slide data as of December 31, 2024. Reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the Appendix. (a) Operating income margin for 2024 was 35%. (b) Net income for full-year 2024 was $289M. (c) Net cash from operating, investing and financing activities for the twelve months ended December 31, 2024 was $290M, ($65M) and ($175M), respectively. Page 21 (a) FY2002 (b) FY2009 (c) FY2021 (d) All data as of December 31, 2024; Independent is defined as STR economy, midscale and upper midscale. Page 22 (a) Represents ancillary revenues, which is the sum of the license and other fees line item and other revenues line item per the income statement. Page 23 WH Select-Service includes all WH economy, midscale and upper midscale brands; STR Upscale+ includes STR upscale, upper upscale and luxury segments. (a) STR 2002 vs 2000 (b) STR 2009 vs 2008 (c) STR 2020 vs 2019 (d) Represents full-year 2024 average ADR based on STR for Select Service variance to Upscale+. Page 25 (a) In constant currency. (b) Represents the estimated adjusted EBITDA impact from our Super 8 master license in China. Our financial results will continue to reflect fees due to us under the Super 8 master license in China. Estimated net income contribution was $0.8M, $2.2M and $1.9M during first quarter 2025, full-year 2024 and full-year 2023, respectively. Page 26 Does not include potential bad debt impacts from uncollectible accounts, if any, in the event of a distressed environment, which cannot be predicted. Page 27 Reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the Appendix. (a) Represents adjusted EBITDA margin. Calculation excludes the impact of cost reimbursement and marketing, reservation and loyalty fees (or otherwise referred to as “other revenues from managed and franchised properties”, ”revenues for reimbursed costs”, “system fund and reimbursable revenues” or “other revenues from franchised and managed properties”). FY 2024 impact of cost reimbursement and marketing, reservation and loyalty fees (or otherwise referred to as “other revenues from managed and franchised properties”, ”revenues for reimbursed costs”, “system fund and reimbursable revenues” or “other revenues from franchised and managed properties”) for Marriott, Choice, Hilton, IHG and Hyatt was $18.5B, $739M, $6.4B, $2.6B and $3.3B, respectively – amount estimated for Choice using disclosed net reimbursable deficit/other revenues/other expenses from franchise and managed properties. For WH, operating income margin for 2024 was 35%. (b) Calculated as the sum of share repurchases plus dividends paid from FY 2020 to FY 2024 divided by FactSet fully diluted market capitalization as of 12/31/19. (c) For Wyndham, calculated as Adjusted Free Cash Flow divided by FactSet fully diluted market capitalization as of 12/31/24. For Marriott and Hilton, calculated as FY 2024 net cash from operating activities excluding development advances (or otherwise referred to as “contract acquisition costs” or “franchise agreement acquisition costs”), less capital expenditures divided by FactSet fully diluted market capitalization as of 12/31/24. FY 2024 development advances (or otherwise referred to as “contract acquisition costs” or “franchise agreement acquisition costs”) for Marriott and Hilton were $341M and $105M, respectively. FY 2024 net cash from operating activities for Marriott and Hilton was $2.7B and $2.0B, respectively. For Hyatt, calculated as FY 2024 net cash from operating activities excluding development advances (or otherwise referred to as “payments for key money assets”) and excluding the impact of cash taxes on asset sales, less capital expenditures divided by FactSet fully diluted market capitalization as of 12/31/24. FY 2024 development advances (or otherwise referred to as “payments for key money assets”) for Hyatt were $153M. FY 2024 cash taxes on asset sales for Hyatt were $77M. FY 2024 net cash from operating activities for Hyatt was $633M. For Choice, calculated as FY 2024 net cash from operating activities excluding development advances (or otherwise referred to as “franchise agreement acquisition costs”), less capital expenditures (or otherwise referred to as “investments in other property and equipment” and “investments in owned hotel properties”) divided by FactSet fully diluted market capitalization as of 12/31/24 (Choice diluted shares adjusted to account for restricted stock shares reported in their filing as of 12/31/24). FY 2024 development advances (or otherwise referred to as “franchise agreement acquisition costs”) for Choice was $112M. FY 2024 net cash from operating activities for Choice was $319M. For IHG, calculated as FY 2024 net cash from operating activities excluding development advances (or otherwise referred to as “key money contract acquisition costs”), less capital expenditures (excluding contract acquisition costs) divided by FactSet fully diluted market capitalization as of 12/31/24 (IHG basic outstanding shares adjusted to total voting rights reported in their filing as of 12/31/24). FY 2024 development advances (or otherwise referred to as “key money contract acquisition costs”) for IHG was $206M. FY 2024 net cash from operating activities for IHG was $724M. For WH, net cash from operating activities yield for 2024 was 3.6%. Page 28 Wyndham Rewards member enrollment as of June 30, 2025, all other data as of December 31, 2024. World’s largest hotel franchisor based on number of franchised hotels; chainscale market share as per most recent Franchise Disclosure Documents. Page 29 Data is not brand specific. RevPAR and revenue results are indicative for a 124-room new construction Wyndham-branded extended stay hotel in the United States on a full-year current post-COVID basis. Cost per room excludes land costs. Operating expenses are based on current post-COVID STR HOST select-service industry data, adjusted for wage inflation and hardened insurance market, and are not based on individual hotel performance. Return on invested capital assumes a loan interest rate of 7.25%. Page 30 Data for “drive to” locations based on STR census December 2024. Data for U.S. guest originations based on full-year 2024 data. Page 31 Represents average WH U.S. guest household income in full-year 2024. Page 33 All data as of December 31, 2024.

• 38. Net income $ 87 $ 86 $ 289 $ 289 Provision for income taxes 29 26 79 109 Depreciation and amortization 15 17 71 76 Interest expense, net 34 30 124 102 Extinguishment of debt - 3 3 3 Stock-based compensation 8 10 41 39 Development advance notes amortization 8 6 24 15 Transaction-related 1 5 47 11 Separation-related - (12) (11) 1 Restructuring costs 13 7 15 - Impairment - - 12 - Foreign currency impact of highly inflationary countries - - - 14 Adjusted EBITDA $ 195 $ 178 $ 694 $ 659 Three Months Ended June 30, 2024 Three Months Ended June 30, 2025 Year Ended December 31, 2024 Year Ended December 31, 2023 Total share repurchases and dividends paid, 2020-2024 $ 1,799 Divided: Market capitalization at December 31, 2019 $ 5,953 Total capital return as a % of market capitalization 30% Total share repurchases and dividends paid, 6/30/18-6/30/25 $ 2,567 Divided: Market capitalization at May 31, 2018 $ 5,920 Total capital return as a % of market capitalization 43%

• 39. Net cash provided by operating activities $ 70 $ 290 Less: Property and equipment additions (12) (49) Plus: Payments of development advance notes, net 23 109 Free cash flow 81 350 Plus: Adjusting items(a) 7 47 Adjusted free cash flow $ 88 $ 397 Three Months Ended June 30, 2025 Year Ended December 31, 2024 Cash Flow: Net cash provided by operating activities $ 70 $ 290 Net cash used in investing activities (12) (65) Net cash used in financing activities (57) (175) Effect of changes in exchange rates on cash, cash equivalents and restricted cash - (3) Net decrease in cash, cash equivalents and restricted cash $ 1 $ 47 Three Months Ended June 30, 2025 Year Ended December 31, 2024 Net cash provided by operating activities $ 290 Divided: Market capitalization at December 31, 2024 $ 8,041 Net cash from operating activities yield 3.6% Adjusted free cash flow $ 397 Divided: Market capitalization at December 31, 2024 $ 8,041 Adjusted free cash flow yield 4.9% Year Ended December 31, 2024