异动解读 | 温德姆酒店股价盘前大跌6.10%,第三季度业绩喜忧参半

异动解读
Oct 23, 2025

周四盘前,温德姆酒店及度假村(Wyndham Hotels & Resorts Inc,股票代码:WH)股价大跌6.10%,投资者对公司最新发布的2025年第三季度财报反应消极。

财报显示,温德姆第三季度业绩喜忧参半。尽管公司净利润同比增长2.94%,达到约1.05亿美元,经调整EBITDA同比增长2.4%至约2.13亿美元,但净收入却同比下降3.54%至约3.82亿美元。更值得注意的是,公司全球酒店的RevPAR(平均可出售客房收入)同比下降5%至50.05美元,这一指标被视为酒店业绩的重要晴雨表。

从地区表现来看,温德姆在各主要市场的RevPAR普遍呈现下滑趋势。美国地区下滑5%,大中华区大幅下降10%,亚太地区(除大中华区)下降5%,拉丁美洲地区下降5%。仅有欧洲、中东和非洲地区以及加拿大地区实现了正增长,分别增长4%和8%。这种不均衡的区域表现可能引发了投资者对公司全球业务发展的担忧,尤其是在中国等重要市场的疲软表现可能对公司未来增长前景产生影响。尽管公司强调了开发管道的增长和附业收入的两位数增长,但市场似乎更关注当前的收入下滑和主要市场的RevPAR下降。

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