温德姆酒店及度假村 2025年季度报告

Non-accelerated filer☐Smaller reporting companyEmerging growth company or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.oIndicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐Noþ Item1.Financial Statements (Unaudited). REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRMTo the Board of Directors and Stockholders ofWyndham Hotels & Resorts, Inc. “Company”) as of June 30, 2025, the related condensed consolidated statements of income, comprehensive income and equity for thethree-month and six-month periods ended June 30, 2025 and 2024, and of cash flows for the six-month periods ended June 30, 2025 and2024 and the related notes (collectively referred to as the “interim financial statements”). Based on our reviews, we are not aware of anymaterial modifications that should be made to the accompanying interim financial statements for them to be in conformity with accountingprinciples generally accepted in the United States of America. we expressed an unqualified opinion on those consolidated financial statements. In our opinion, the information set forth in theaccompanying condensed consolidated balance sheet as of December 31, 2024, is fairly stated, in all material respects, in relation to the consolidated balance sheet from which it has been derived.Basis for Review Results PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and theapplicable rules and regulations of the Securities and Exchange Commission and the PCAOB.We conducted our reviews in accordance with standards of the PCAOB. A review of interim financial statements consists principally of /s/ Deloitte & Touche LLPNew York, New York Exercise of stock options ————179$1$(1,549)$1,618$528$ (Unaudited)1. BASIS OF PRESENTATION Financial Statements include the Company’s assets, liabilities, revenues, expenses and cash flows and all entities in which it has acontrolling financial interest.The accompanying Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).All intercompany balances and transactionshave been eliminated in the Condensed Consolidated Financial Statements. amounts reported and related disclosures. Estimates, by their nature, are based on judgment and available information. Accordingly,actual results could differ from those estimates.In management’s opinion, the Condensed Consolidated Financial Statements contain all normal recurring adjustments necessary for a fair presentation of interim results reported. The results of operations reported for interim periods are not necessarily indicative of the results of operations for the entire year or any subsequent interim period. These CondensedConsolidated Financial Statements should be read in conjunction with the Company’s 2024 Consolidated Financial Statements included in its most recent Annual Report onForm 10-Kfiled with the U.S. Securities and Exchange Commission (the “SEC”) and anysubsequent reports filed with the SEC.Business Description 2. NEW ACCOUNTING PRONOUNCEMENTS Recently Adopted Accounting PronouncementsIn December 2023, the Financial Accounting Standards Board (“FASB”) issued an accounting update,Income Taxes (Topic 740):Improvements to Income Tax Disclosures, which modifies the rules on income tax disclosures to require entities to disclose (1) specificcategories in the rate reconciliation, (2) the income or loss from continuing operations before income tax expense or benefit (separatedbetween domestic and foreign) and (3) income tax expense or benefit from continuing operations (separated by federal, state and after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027. Other than additional disclosure,the Company does not expect a change to its consolidated financial statements. The Company will adopt the guidance on January 1, 2027, as required. Deferred co-branded credit card program revenues70Deferred other revenues16$319$ agreement and are generally recognized to revenue within13years. Deferred loyalty revenues represent the portionof loyalty program feescharged to franchisees, net of redemption costs, that have been deferred and will be recognized over time based upon loyalty point redemption patterns. Deferred co-branded credit card program revenue represents payments received in advance from the Company’s co-branded credit card partners, primarily for card member activity.Performance Obligations Disaggregation of Net Revenues The table below presents a disaggregation of the Company’s net revenues from contracts with customers by major services and and December 31, 2024, capitalized contract costs were $79million and $76million, respectively, of which $5million for both periodswas included in other current assets and $7