World’s largest hotel franchising company highlights efforts to elevate brands, serve owners, drive global growth and innovate for guests as part of its mission to make hotel travel possible for all
LAS VEGAS, Sept. 25, 2019 – Wyndham Hotels & Resorts (NYSE: WH) – the world’s largest hotel franchising company with approximately 9,200 hotels across more than 80 countries – outlined plans to advance its position as the world’s leading provider of select-service hotel brands before thousands of its franchisees at its first global conference as an independent hotel company.
With a focus on enhancing returns for its nearly 6,000 franchisees, the Company unveiled several initiatives designed to elevate its brands, deliver incremental resources to its owners, grow its presence and meet the needs of today’s travelers.
“As the world’s largest hotel franchisor, our commitment to making hotel travel possible for all starts with our franchisees,” said Geoff Ballotti, president and CEO of Wyndham Hotels & Resorts. “Together, we are elevating our family of iconic brands through innovation in quality and design, operational efficiency, strategic growth and guest experience to shape not only the future of Wyndham but the legacy of our owners around the world.”
Elevating Economy
Wyndham continues to democratize travel by elevating the economy segment with distinct, meaningful experiences for guests – at an affordable price point – for some of its most iconic brands. On the heels of recent brand-wide redesign efforts for Super 8® by Wyndham and Howard Johnson® by Wyndham, the company unveiled a new look for Days Inn® by Wyndham.
Dawn of a New Days Inn: With its 50th anniversary approaching in 2020, Days Inn – one of the largest brands in the economy segment – unveiled a new interior design package for its 1,400 hotels in the U.S. The new design, aptly named Dawn, takes inspiration from the sun with bright and airy rooms and sun-centric art celebrating the brand’s roots with a modern flair. The brand expects to implement the design standard across its U.S. portfolio in several phases.
Revolutionizing Design and Construction
The Company is prioritizing new-construction growth with the launch of both new and refreshed prototypes designed to lower development costs and capture greater efficiencies, taking a page from the best practices of La Quinta® by Wyndham and the success of the recent Moda prototype launch from Microtel by Wyndham®.
Growing Garden: The Company announced plans to reposition its Wyndham Garden® brand for growth with a new interior and exterior prototype called Arbor, which offers a streamlined, modern aesthetic inspired by nature that is designed to reduce cost-per-key to build.
Dual-Branding La Quinta and Hawthorn Suites® by Wyndham: Wyndham is introducing a new prototype combining its extended-stay Hawthorn Suites brand with La Quinta, designed to streamline development and operational costs while appealing to multiple types of travelers. The dual-brand prototype leverages the newly refreshed room of La Quinta’s Del Sol prototype, which continues to draw developers, with seven new-construction agreements signed in the second quarter.
Reimagining AmericInn® by Wyndham: The Company also debuted a refreshed interior design for AmericInn inspired by the modern lodge look, updating the brand’s contemporary exterior prototype while celebrating its heritage. Together, the interior and exterior designs represent the brand’s fourth-generation prototype.
Driving Global Growth
As international tourism continues to grow, Wyndham is positioning its well-known brands to capitalize on the rising demand for trusted lodging options for all travelers, particularly everyday travelers and the growing global middle class.
New Brands in New Markets: Five Wyndham brands have opened in new markets this year, including Days Inn in New Zealand; Microtel in China; Ramada® by Wyndham in Armenia; Wyndham® in Malaysia; and Wyndham Garden in Argentina, Australia and the Philippines. The Company also signed agreements to introduce Dolce Hotels and Resorts® by Wyndham in Denmark and Vietnam this year, and La Quinta in the Dominican Republic in 2021.
Making its Mark: Since launching just over two years ago as the first soft brand geared toward midscale and upper-midscale hotels, Trademark Collection® by Wyndham continues its rapid growth around the world, adding six new hotels in Canada and its first hotel in Latin America, in Belize, to its more than 100 hotels in North America and Europe.
Growth in Asia: Wyndham is the largest international franchisor in Greater China and recently announced plans to open approximately 500 hotels in China over the next three years, bringing its total to more than 2,000 hotels there by the end of 2022. The Company is also growing rapidly in Southeast Asia and the Pacific Rim, its fastest-growing region, and plans to open three new hotels in Thailand later this year. Additionally, Wyndham added three Ramada hotels in South Korea this year, surpassing 40 hotels in the country.
Digital Technology Evolution
Following its strategic initiative to endorse all of its brands with the “by Wyndham” moniker – one of the largest name changes in the industry’s history – and the evolution of Wyndham Rewards, which brought about innovative, first-to-market partnerships such as DoorDash, Wyndham is leveraging new technology to expand its digital efforts to drive brand recognition and contribution and enhance the guest experience across its portfolio.
Wyndham Wi-Fi: Addressing the ongoing challenge of providing great guest Wi-Fi, Wyndham franchisees now have access to a new bundle of wireless and network services featuring high-quality hardware and equipment at lower costs called Wyndham Wi-Fi. Hoteliers will have access to best-in-class wireless and network equipment, a professional home page, superior Wi-Fi services with consistent signals capable of handling guests’ multi-screen needs, and one-stop shopping for support.
Mobile First: To meet guests where they are – literally, in the palm of their hands – the Company will launch a new mobile app in the spring of 2020 offering streamlined bookings, account management, gamification, and exciting on-property features enabling guests to make the most of their stays. This intuitive, anticipatory app also will provide Wyndham Rewards members with personalized moments woven throughout their journey.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 817,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, Baymont®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers over 77 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com. If you are interested in development opportunities, please visit development.wyndhamhotels.com.
PARSIPPANY, N.J., July 30, 2019 – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,200 hotels globally, has continued to expand its hotel network across the Asia Pacific Region with a series of important openings, brand launches and new market entries.
With an Asia Pacific system of more than 173,000 rooms and 86 openings this year, Wyndham is bringing world-class hospitality and innovative new brands to the area while driving net rooms growth in a key region of the world. All of the brands in the Company’s portfolio, from Ramada to Days Inn to Super 8, are now endorsed by the powerful “by Wyndham” suffix – a significant step forward in Wyndham Hotels’ global branding strategy.
Greater China
In Greater China, Wyndham Hotels is the largest international franchisor, with more than 1,500 properties and 149,000 rooms in its franchised system. Based on current trends, Wyndham expects to open about 500 hotels in China over the next three years.
Leo Liu, president of Wyndham Hotels & Resorts, Greater China, said: “We have sustained our strong growth momentum and delivered robust hotel opening and net rooms growth figures in China. Working closely with owners and developers in the region, we are striving to further expand our presence across Greater China, especially in Hong Kong and in the northern and southwestern parts of China, where there is rapid growth and strong potential for further expansion of our footprint.”
Wyndham has been delivering significant progress against its growth objectives in China this year. In January, the 432-room Ramada® by Wyndham Hong Kong Harbour View opened, marking Ramada’s official return to the Hong Kong market. This was followed in May by the opening of the Ramada by Wyndham Hong Kong Grand View, with 317 rooms and a signature rooftop swimming pool. And, after reacquiring exclusive direct franchising rights for the Days Inn® brand in China in 2018, Wyndham has opened seven new Days Inn by Wyndham properties this year, from Chongqing to Guangzhou to Changsha.
Southeast Asia and Pacific Rim (SEAPR)
Wyndham is also growing rapidly in the Southeast Asia and Pacific Rim (SEAPR) region, which expanded by 22% year-over-year through the second quarter and includes more than 24,000 rooms.
“This is a hugely exciting region, where dynamic economies, rising affluence and strong intra-regional travel is creating exceptional conditions for growth. These trends give Wyndham plenty of scope for expansion, both in established and emerging markets,” said Joon Aun Ooi, president and managing director of Wyndham Hotels & Resorts, SEAPR. “We look forward to building strong partnerships with owners and developers across the region and introducing even more guests to our collection of innovative brands.”
So far this year, Wyndham Hotels has announced several notable market entries and expansions in the Southeast Asia and Pacific Rim region:
In January, Wyndham introduced the Days Inn brand to New Zealand with the opening of a new landmark hotel, Days Hotel & Suites by Wyndham Hamilton. The addition bolsters Wyndham’s presence in New Zealand and in Hamilton, the region’s fourth-most-populous city and a key growth market.
Also in January, Wyndham introduced the Wyndham Grand® brand in Myanmar with the announcement of the opening of Wyndham Grand Yangon. Rising from the shores of Kandawgyi Lake, Wyndham Grand Yangon is a new landmark in the heart of Myanmar’s commercial capital, offering breathtaking views of the lake and the golden Shwedagon Pagoda, along with an exquisite blend of grand facilities and authentic local touches.
In June, Wyndham opened the 222-room Ramada by Wyndham Daejeon, its 41st hotel in South Korea. This follows the March openings of the 592-room Ramada Encore by Wyndham Gimpo Han River and the 467-room Ramada Encore by Wyndham Jeongseon Sabuk.
All Wyndham Hotels & Resorts’ properties in Asia Pacific participate in Wyndham Rewards, the Company’s award-winning loyalty program, giving more than 77 million members globally a generous points-earning and redemption structure. This year the program became even more rewarding, with a wide array of convenient new features – from free nights at thousands of hotels starting at just 7,500 points (half their original redemption cost), to the addition of more than 900 La Quinta® hotels, to the ability to earn and redeem points with a host of new and expanded partners.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 817,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards® loyalty program offers over 77 million enrolled members the opportunity to redeem points at tens of thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
GREENSBORO, N.C. (July 30, 2019) – Wyndham Rewards®—the world’s most generous rewards program spanning more than 30,000 hotels, vacation club resorts and vacation rentals—returns to Sedgefield Country Club in Greensboro, N.C. today, welcoming tens of thousands of spectators to a travel-themed week of fun and sun as title sponsor of the 80th annual Wyndham Championship.
Widely recognized as one of the PGA TOUR’s most fan-friendly tournaments, this year’s Wyndham Championship—which kicks-off today and runs through Aug. 4, 2019—invites fans to escape the everyday and join Wyndham Rewards and its portfolio of global brands for a “trip around the world,” all while helping give back to local charities throughout the Piedmont Triad. The final stop of the regular season, this year’s tournament brings an added layer of drama to Sedgefield as many of the world’s best golfers look to earn their spot in the Wyndham Rewards Top 10, a new $10 million bonus to be split among the PGA TOUR’s top 10 regular-season finishers.
“From new ways to earn and redeem points to the addition of more than 900 La Quinta by Wyndham hotels, we’ve spent the last year working to make Wyndham Rewards more rewarding for members than ever before,” said Eliot Hamlisch, leader of Wyndham Rewards. “It’s a fitting parallel to the Wyndham Championship. From a host of new fan-centric experiences to the added excitement surrounding the first-ever Wyndham Rewards Top 10, this year’s tournament promises to be fans’ most rewarding yet.”
Travel the World with Wyndham Rewards Take a bite of the Big Apple. Feel the white sands of Clearwater Beach. Revel in the awe-inspiring views of the Andaman Sea in Phuket. More than just championship golf, the Wyndham Championship is an escape from the everyday, and this year, fans and their families can see the world as they tour the course and experience 10 amazing Wyndham Rewards destinations from around the globe.
The first 100 fans to visit all 10 destinations each day, collecting commemorative pins along the way, will unlock unforgettable rewards, including passes to the Club Wyndham Beach viewing platform, Wyndham Rewards points, ticket upgrades and unlimited pedicab rides. Fans can win even more prizes when they share their photos from each destination on their favorite social platforms tagging @WyndhamRewards and @WyndhamChamp using #WyndhamRewardsTop10.
Other fan-favorite experiences will include, among others, live action sand sculpture, photo ops with the #6 Wyndham Rewards NASCAR Ford Fusion, Margaritaville at the Wyndham and “Key to Wyn,” where one swipe of a key card could unlock the door to any of thousands of prizes, from flat-screen TVs and appliances, to free nights at Wyndham Rewards destinations around the globe.
Wyndham Rewards Top 10
Introduced for the first time this season alongside a simplified, strokes-based scoring system for regular season play, the Wyndham Rewards Top 10 offers $10 million to be split among the top-10 finishers in the final regular season FedExCup point standings. While the first through third positions were decided last week in Memphis with Brooks Koepka taking the $2 Million top prize, nine golfers enter the Wyndham Championship with a chance to either move up or into the Wyndham Rewards Top 10. Paul Casey enters the Wyndham Championship in eighth place in the Wyndham Rewards Top 10 and could move to fourth with a Wyndham Championship win increasing his season-ending bonus from $600,000 to $1.1 Million. The other eight golfers would move into the Wyndham Rewards Top 10 with a Wyndham Championship victory.
Added Hamlisch, “The introduction of the Wyndham Rewards Top 10 made for a thrilling regular season, all of which culminates here at Sedgefield at the Wyndham Championship. We congratulate Brooks Koepka, Rory McIlroy and Matt Kuchar for taking the top-three spots last weekend and look forward to watching the rest of the story unfold this week at the Wyndham Championship.”
Wyndham Championship Fore! Good
Creating positive impact in the community has always been a central focus of the Wyndham Championship, and Wyndham Championship Fore! Good—the tournament’s signature philanthropic platform—helps give back to those in the Piedmont Triad.
This year, Wyndham will host a raffle at the pro-am pairings event featuring exciting items and once-in-a-lifetime experiences with net proceeds benefiting a host of local and regional Wyndham Championship Fore! Good charitable partners, including Birdies Fore Backpacks, The First Tee of the Triad, The Paul Tesori Foundation and The American Junior Golf Association, among others. Items include a total of 12 vacation packages to exciting destinations like Wyndham Kona Hawaiian Resort in Hawaii, Wyndham Grand Clearwater Beach in Clearwater, Fla. and Dolce Silverado Resort and Spa in Napa, Calif. as well as exciting experiences with Caesars Entertainment and Roush Fenway Racing.
Other philanthropic efforts associated with the tournament include:
Youth and Education– Through “Birdies Fore Backpacks,” Wyndham Rewards works with local organizations—Backpack Beginnings, Forsyth Backpacks, Out of the Garden Project and United Way of Greater High Point—to help feed children from low income families around the Piedmont Triad. Backpacks are packed with nutritionally sound meals, which families take home every weekend. Since its creation in 2014, the program has provided more than 510,000 meals to thousands of local families.
Community Development– One of the Wyndham Championship’s most-popular fan amenities is “Key to Wyn,” created by Wyndham Rewards to illustrate the Wyndham hospitality experience at its PGA TOUR event. “Key to Wyn” offers tournament fans an opportunity to win fabulous prizes courtesy of title partner Wyndham Rewards. Following the tournament, suitable elements of the structure will be repurposed and donated to Habitat for Humanity of Greater Greensboro to contribute to a new Habitat home. In addition, Wyndham’s Executive Women’s Day returns to the tournament this year as does free admission for those who serve, including those in the armed forces, teachers and first responders.
Environmental Sustainability– Highlighting its commitment to preserving our natural resources, Wyndham Rewards is proud to partner with the Sedgefield Country Club, the home of the Wyndham Championship. Under the management of McConnell Golf, the historic course has taken significant steps in recent years to save energy and improve its sustainability efforts, including upgraded, energy efficient lighting and new, water efficient fixtures. In addition, Sedgefield Country Club is applying for the Audubon education and certification program to protect the valuable, natural areas and wildlife habitats that golf courses provide while improving efficiencies and minimizing the impact of golf course operations. The Wyndham Championship, in partnership with Unifi, Inc., is also proud to commit to aggressive recycling standards.
Wyndham Rewards is an award-winning rewards program linking the global portfolios of two of the world’s leading hospitality companies: Wyndham Hotels & Resorts (NYSE: WH), the world’s largest hotel franchise company, and Wyndham Destinations (NYSE:WYND), the world’s largest vacation ownership and exchange company. To learn more about the Wyndham Championship, or to book tickets, visit www.wyndhamchampionship.com.
About Wyndham Rewards Recently named the number one hotel rewards program by readers of USA TODAY, Wyndham Rewards® is the world’s most generous rewards program with more than 30,000 hotels, vacation club resorts and vacation rentals worldwide. Designed for the everyday traveler, members earn a guaranteed 1,000 points with every qualified stay and may redeem points for a wide-range of rewards, including free nights at any of approximately 9,200 hotels or tens of thousands of vacation club resorts and vacation rentals globally through partnership with Wyndham Destinations and others. Wyndham Rewards has over 77 million enrolled members around the globe. Join for free today at www.wyndhamrewards.com. You’ve earned this.®
About the Wyndham Championship Contested annually on the Donald Ross-designed course at Sedgefield Country Club in Greensboro, N.C., the Wyndham Championship was founded in 1938 and is the sixth-oldest event on the PGA TOUR excluding the Majors. The tournament thanks title sponsor Wyndham Rewards and presenting sponsor BB&T for their continued support. Additional tournament information is available at www.wyndhamchampionship.com and the tournament’s social media channels, including the Wyndham Championship Facebook page, Twitter and Instagram.
PARSIPPANY, N.J., July 25, 2019 – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended June 30, 2019. Highlights include:
Revenues increased 23% compared with second quarter 2018, to $533 million.
Net income was $26 million for the second quarter, a 24% increase over the prior-year quarter; adjusted net income was $82 million, a 12% increase over the prior-year quarter.
Diluted earnings per share were $0.27 and adjusted diluted EPS were $0.84.
Adjusted EBITDA increased 27% compared with the prior-year quarter, to $159 million.
Global RevPAR increased 5% year-over-year in constant currency, and increased 40 basis points in constant currency and excluding our 2018 acquisitions and divestitures.
U.S. RevPAR increased 5% year-over-year, and increased 30 basis points excluding our 2018 acquisitions and divestitures.
System-wide rooms grew 3% year-over-year.
Company updates its full-year 2019 outlook.
“We continued to deliver solid results in the second quarter, highlighted by continued organic expansion of our system size and significant growth in adjusted EBITDA,” said Geoffrey A. Ballotti, chief executive officer. “We remain enthusiastic about our domestic and international growth prospects, driven by the strength of our brands and our award-winning Wyndham Rewards loyalty program.”
Revenues were $533 million, compared with $435 million in the second quarter of 2018. Results reflect $98 million of incremental revenues from La Quinta, which the Company acquired in May 2018. Excluding the impact from 2018 acquisitions and divestitures, revenues increased 1% in constant currency, primarily due to higher license, royalty and other fee revenues, partially offset by lower cost-reimbursement revenues as well as the timing of the Company’s global franchisee conference, which was in April last year but will be in September this year.
Net income was $26 million, or $0.27 per diluted share, compared to $21 million, or $0.21 per diluted share, in the second quarter of 2018. 2019 results reflect $40 million of primarily non-cash after-tax expense due to the Company’s intention to exit a legacy hotel-management arrangement that has been unprofitable for it. Prior- year results were impacted by the Company’s spin-off and the acquisition of La Quinta and therefore included substantially higher interest, separation-related and transaction-related expenses.
Adjusted net income was $82 million, or $0.84 per diluted share, compared with $73 million, or $0.73 per diluted share, in the second quarter of 2018. Second quarter earnings comparisons were impacted by the acquisition of La Quinta, higher interest expense and the timing of marketing expenses. Full reconciliations of GAAP results to our non-GAAP adjusted measures for all reported periods appear in the tables to this press release.
Second quarter adjusted EBITDA was $159 million, compared with $125 million in the second quarter of 2018. Management estimates that second quarter results reflect approximately $30 million of incremental adjusted EBITDA from La Quinta. Excluding the impact from 2018 acquisitions and divestitures, adjusted EBITDA increased 5% in constant currency primarily reflecting the growth in license, royalty and other fee revenues, partially offset by the timing of marketing expenses, which suppressed growth by $14 million, or thirteen percentage points. Consistent with the Company’s expectations, second quarter adjusted EBITDA represented 26% of the Company’s projected full-year adjusted EBITDA.
U.S. RevPAR and constant-currency global RevPAR increased a fraction of a point in second quarter 2019 compared to the prior-year period excluding our 2018 acquisitions and divestitures through their anniversary dates, as second quarter 2018 U.S. and global RevPAR benefited by approximately 150 and 80 basis points, respectively, from incremental post-hurricane demand.
As of June 30, 2019, the Company’s hotel system consisted of approximately 9,200 properties and approximately 817,000 rooms, a 3% increase compared with the second quarter of 2018. The Company’s development pipeline consisted of 1,400 hotels and approximately 188,000 rooms, a 10% year-over-year room increase. The Company also increased its pipeline sequentially by 4% compared to first quarter 2019.
Approximately 55% of the Company’s development pipeline is international and 74% is new construction.
Business Segment Discussion
The following discussion of second quarter operating results focuses on revenue and adjusted EBITDA for each of the Company’s segments.
Hotel Franchising
Revenues increased 15% compared to second quarter 2018, including $36 million of incremental revenues from La Quinta. Excluding the impact from 2018 acquisitions and divestitures, revenues increased 3% in constant currency due to higher license, royalty and other fees, partially offset by the timing of the Company’s global franchisee conference, which was in April last year but will be in September this year. Adjusted EBITDA grew 26% to $162 million, including an estimate of approximately $24 million of incremental adjusted EBITDA from the acquisition of La Quinta. Excluding the impact from 2018 acquisitions and divestitures, adjusted EBITDA grew 9% in constant currency reflecting the growth in revenues and the impact of reorganizing certain functions and related expenses into our Corporate segment as a result of our spin-off, partially offset by the timing of marketing expenses, which reduced adjusted EBITDA by $14 million.
Hotel Management
Revenues increased $55 million compared to the prior-year period, reflecting $62 million of incremental revenues from La Quinta (including $55 million of cost-reimbursement revenues). Excluding the impact from the acquisition of La Quinta, revenues declined $7 million primarily due to lower cost-reimbursement revenues, which have no impact on adjusted EBITDA. Adjusted EBITDA increased $8 million compared to the prior-year quarter, reflecting an estimated $6 million of incremental adjusted EBITDA from La Quinta.
Other Items
Share Repurchases and Dividends – The Company repurchased approximately 909,000 shares of its common stock for $50 million in the second quarter. The Company also paid common stock dividends of $28 million, or $0.29 per share, in the second quarter.
Hotel Management Contract Terminations – The Company expects to exit two unprofitable hotel- management arrangements that were initiated in 2012 and 2013. In conjunction with one arrangement that covers 22 hotels and 3,600 U.S. rooms, the Company’s guaranty obligations have been exhausted. The Company expects that this will result in the arrangement, including the Company’s ability to recapture out-of- pocket payments it had made to the hotels’ owner, being terminated. The Company recorded a non-cash impairment expense of $45 million and a $9 million contract termination charge in the second quarter, which were primarily related to the anticipated loss of the recapture opportunity.
In order to terminate the other arrangement, which covers eight hotel properties and 2,500 U.S. rooms, the Company has signed a non-binding letter of intent to make payments representing a significant discount to its remaining potential guarantee exposure, which is currently approximately $70 million. The Company expects to record a contract termination expense in the third quarter related to these future payments.
With the termination of these two arrangements, the Company’s future maximum annual hotel-management guaranty obligations will be reduced from $26 million to $5 million.
Outlook
The Company is updating its outlook for full-year 2019 as follows:
The reduction in forecasted revenue relative to the Company’s earlier outlook is almost entirely due to lower cost-reimbursement revenues, which have no impact on adjusted EBITDA. The forecast for Adjusted EBITDA reflects the substantial progress the Company has made in integrating La Quinta and favorable results at the Company’s owned hotel in Puerto Rico, as well as a modestly softer RevPAR environment than the Company had anticipated. The forecast for adjusted diluted EPS assumes an effective tax rate of 26%, one percentage point lower than previously estimated. The Company is providing an outlook for EBITDA, net income and EPS only on a non-GAAP, adjusted basis because it is unable to predict with reasonable certainty the occurrence or amount of potential adjustments that may arise in the future.
Conference Call Information
Wyndham Hotels will hold a conference call with investors to discuss the Company’s results and outlook on Thursday, July 25, 2019 at 8:30 a.m. ET. Listeners can access the webcast live through the Company’s website at www.investor.wyndhamhotels.com. The conference call may also be accessed by dialing 877
876-9174 and providing the passcode “Wyndham”. Listeners are urged to call at least five minutes prior to the scheduled start time. An archive of this webcast will be available on the website for approximately 90 days beginning at noon ET on July 25, 2019. A telephone replay will be available for approximately ten days beginning at noon ET on July 25, 2019 at 800 283-5758.
Presentation of Financial Information
Financial information discussed in this press release includes non-GAAP measures, which include or exclude certain items. These non-GAAP measures differ from reported GAAP results and are intended to illustrate what management believes are relevant period-over-period comparisons and are helpful to investors as an additional tool for further understanding and assessing the Company’s ongoing operating performance.
Exclusion of items in the Company’s non-GAAP presentation should not be considered an inference that these items are unusual, infrequent or non-recurring. Full reconciliations of GAAP results to the comparable non- GAAP measures for the reported periods appear in the financial tables section of this press release.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 817,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award- winning Wyndham Rewards loyalty program offers over 77 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include those that convey management’s expectations as to the future based on plans, estimates and projections at the time Wyndham Hotels makes the statements and may be identified by words such as “will,” “expect,” “believe,” “plan,” “anticipate,” “intend,” “goal,” “future,” “outlook,” “guidance,” “target,” “estimate,” “projection” and similar words or expressions, including the negative version of such words and expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Wyndham Hotels to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements contained in this press release include statements related to Wyndham Hotels’ current views and expectations with respect to its future performance and operations, including revenues, earnings, cash flow and other financial and operating measures, share repurchases and dividends.
You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Factors that could cause actual results to differ materially from those in the forward- looking statements include, without limitation, general economic conditions, the performance of financial and credit markets, the economic environment for the hospitality industry, operating risks associated with the hotel franchising and management businesses, the impact of war, terrorist activity or political strife, risks related to the acquisition and integration of La Quinta, risks related to our ability to obtain financing and the terms of such financing, risks related to the planned termination of certain hotel-management agreements (which may not be completed on the terms currently anticipated or at all), and the timing and amount of future share repurchases and dividends, as well as the risks described in Wyndham Hotels’ most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequent reports filed with the Securities and Exchange Commission. Except as required by law, Wyndham Hotels undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise.
We are not aware that any of our hotels have been contacted by the U.S. government to serve as detention facilities. Our number one focus is to serve leisure and business travelers. Hotels are not intended to be detention centers. We are closely monitoring the situation.
Will Host Conference Call and Webcast at 8:30 a.m. ET
PARSIPPANY, N.J., July 3, 2019 – Wyndham Hotels & Resorts (NYSE: WH) announced today that it will report second quarter 2019 results on Thursday, July 25, 2019. Geoff Ballotti, President and Chief Executive Officer, and David Wyshner, Chief Financial Officer, will host a call with investors at 8:30 a.m. ET that morning to discuss the Company’s results and business outlook.
Listeners can access the webcast live through the Company’s website at www.investor.wyndhamhotels.com. The conference call may also be accessed by calling 877 876-9174 and providing the passcode “Wyndham”. Listeners are urged to call at least five minutes prior to the scheduled start time. An archive of this webcast will be available on the website for approximately 90 days beginning at noon ET on July 25, 2019. A telephone replay will be available for approximately ten days beginning at noon ET on July 25, 2019 at 800 283-5758.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 812,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers over 75 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
Guests will receive $0 delivery fees* on all orders delivered through DoorDash to over 3,700 Wyndham locations, while first time DoorDash customers receive an additional $5 off** plus 2,000 bonus Wyndham Rewards points
SAN FRANCISCO (May 2, 2019) – DoorDash, the largest and fastest-growing on-demand destination for door-to-door delivery in more than 4,000 cities in the United States and Canada, and Wyndham Rewards®, the award-winning rewards program of Wyndham Hotels & Resorts (NYSE: WH), have launched a new partnership, powering on-property delivery service to more than 3,700 hotels across the nation and offering guests access to DoorDash’s industry-leading selection of restaurants.
Available at more than 3,700 locations and counting, the partnership brings on-demand food access to most of Wyndham’s 20 well-known hotel brands, including household names like Days Inn® by Wyndham, Super 8® by Wyndham and La Quinta® by Wyndham, among others. Hotel guests will have a host of additional benefits like $0 delivery fees*, first-time customer discounts, and more, including special perks for members of Wyndham Rewards. Among the benefits available to guests:
New DoorDash Customers New DoorDash customers can earn $5 off** their first order, in addition to $0 delivery fees, when they order food delivery to any participating hotel through the DoorDash platform with promo code WR5. Wyndham Rewards members who start their order at www.wyndhamrewards.com/doordash will also receive 250 Wyndham Rewards points plus 2,000 bonus points for their first order. (Points are in addition to any points being earned on hotel stays.)
Existing DoorDash Customers All customers staying at participating Wyndham properties will receive $0 delivery fees* on all orders delivered to the hotel through the DoorDash platform, with promo code WRD. To receive $0 delivery fees, customers can order at www.DoorDash.com or download the DoorDash app for Android or iOS. Wyndham Rewards members who start their order at www.wyndhamrewards.com/doordash will also receive 250 Wyndham Rewards points. (Points are in addition to any points being earned on hotel stays.)
“We are thrilled to partner nationwide with Wyndham Rewards, our first partner within the hotel space,” said Matt Rotella, DoorDash’s Head of Corporate Development. “This partnership extends our continued commitment to meeting our customers wherever they are, allowing them to have the same access to great restaurants and fantastic service while traveling.”
“As champions of the everyday traveler, Wyndham is continuously looking for new and innovative ways to enrich the guest experience at our hotels,” said Eliot Hamlisch, senior vice president, Worldwide Loyalty and Partnerships at Wyndham Hotels & Resorts. “With its best-in-class selection of restaurants and a rapidly expanding footprint, DoorDash enables us to provide an unparalleled array of in-room dining options. It’s a huge win for hotels as well as Wyndham Rewards members.”
By partnering with Wyndham Rewards, DoorDash will now be able to bring customers high-quality food and world-class service while they’re on the go. Leading the industry in selection, DoorDash offers delivery from over 310,000 stores on the platform, partnering with ninety percent of the top 100 restaurants that offer delivery, including national favorites like The Cheesecake Factory, Wendy’s and Chipotle.
*$0 Delivery Fee: Valid only for deliveries to participating Wyndham locations. Other fees (including service fee), taxes, and gratuity still apply. All deliveries subject to availability. Must have or create a valid DoorDash account with a valid form of accepted payment on file. Qualifying orders containing alcohol will be charged a $0.01 Delivery Fee. No cash value. Non-transferable. Use promo code WRD to redeem. See full terms and conditions atdasherhelp.doordash.com/offer-terms-conditions.
**$5 Off and $0 Delivery Fee: Valid only for deliveries to participating Wyndham locations. First-time DoorDash users only. Limit one per person. Not valid for the purchase of alcohol. Fees, taxes, and gratuity still apply. All deliveries subject to availability. Must have or create a valid DoorDash account with a valid form of accepted payment on file. No cash value. Non-transferable. Use promo code WR5 to redeem. See full terms and conditions atdasherhelp.doordash.com/offer-terms-conditions.
About DoorDash: DoorDash is a technology company that connects customers with their favorite local and national businesses in over 4,000 cities and all 50 states across the United States and Canada. Founded in 2013, DoorDash empowers merchants to grow their businesses by offering on-demand delivery, data-driven insights, and better in-store efficiency, providing delightful experiences from door to door. DoorDash Drive is the last-mile logistics platform that powers direct delivery for any business. By building the last-mile delivery infrastructure for local cities, DoorDash is bringing communities closer, one doorstep at a time. Read more on the DoorDash blog or at www.doordash.com
About Wyndham Rewards: Recently named the number one hotel rewards program by readers of USA TODAY, Wyndham Rewards® is the world’s most generous rewards program with more than 30,000 hotels, vacation club resorts and vacation rentals worldwide. Designed for the everyday traveler, members earn a guaranteed 1,000 points with every qualified stay and may redeem points for a wide-range of rewards, including free nights at any of more than 9,000 hotels or tens of thousands of vacation club resorts and vacation rentals globally through partnership with Wyndham Destinations (NYSE: WYND) and others. Wyndham Rewards has over 75 million enrolled members around the globe. Join for free today at www.wyndhamrewards.com. You’ve earned this.®
PARSIPPANY, N.J., April 30, 2019 – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended March 31, 2019. Highlights include:
Revenues increased 55% compared with first quarter 2018, to $468 million.
Net income was $21 million for the first quarter; adjusted net income was $51 million.
Diluted earnings per share were $0.22 and adjusted diluted EPS were $0.52.
Adjusted EBITDA increased 21% compared with the prior-year quarter, to $111
Global RevPAR increased 7% year-over-year, and 1% in constant currency and excluding our 2018 acquisitions and
U.S. RevPAR increased 13% year-over-year, and 1% excluding our 2018 acquisitions and divestitures.
System-wide rooms grew 12% year-over-year, and 3% excluding our 2018 acquisitions and divestitures.
Company re-affirms its previous full-year 2019
“Our first quarter results were consistent with our expectations and included double-digit growth in adjusted EBITDA despite our decision to incur a higher proportion of our 2019 marketing expenses in the early part of the year,” said Geoffrey A. Ballotti, chief executive officer. “We remain enthusiastic about our prospects for growth, the synergies we expect from the La Quinta acquisition, and our leading presence in the economy and midscale segments of the lodging industry.”
Revenues were $468 million, compared with $302 million in the first quarter of 2018. Results reflect $169 million of incremental revenues from La Quinta. Excluding the impact from 2018 acquisitions and divestitures, revenues were consistent with last year in constant currency, primarily due to higher license, royalty and other fees, offset by lower cost-reimbursement revenues.
Net income was $21 million, or $0.22 per diluted share, compared to $39 million, or $0.40 per diluted share, in the first quarter of 2018. Prior-year results predate the Company’s spin-off and the acquisition of La Quinta and therefore included substantially lower separation-related, interest and corporate expenses.
Adjusted net income was $51 million, or $0.52 per diluted share, compared with $55 million, or $0.55 per diluted share, in the first quarter of 2018. First quarter earnings comparisons were impacted by the acquisition of La Quinta, higher interest expense, the timing of marketing expenses and the absence of $4 million of net hurricane-related insurance proceeds received during first quarter 2018. The timing-related increase in marketing expenses alone, measured relative to marketing, reservation and loyalty revenues, reduced first quarter 2019 adjusted net income by $12 million or $0.12 per diluted share. Full reconciliations of GAAP results to our non-GAAP adjusted measures for all reported periods appear in the tables to this press release.
First quarter adjusted EBITDA was $111 million, compared with $92 million in the first quarter of 2018. Management estimates that first quarter results reflect approximately $33 million of adjusted EBITDA from La Quinta. Excluding the impact from 2018 acquisitions and divestitures, adjusted EBITDA decreased 13% in constant currency, primarily due to the timing of marketing expenses, which suppressed growth by 16 percentage points, and the absence of the net hurricane-related insurance proceeds received in first quarter 2018, which suppressed growth by 4 percentage points.
Consistent with the Company’s expectations, first quarter adjusted EBITDA represented 18% of the Company’s projected full-year adjusted EBITDA.
As of March 31, 2019, the Company’s hotel system consisted of approximately 9,200 properties and approximately 812,000 rooms, a 12% increase compared with the first quarter of 2018. Room count grew 3% year-over-year, excluding our 2018 acquisitions and divestitures. The Company’s development pipeline consisted of 1,400 hotels and approximately 181,000 rooms, a 23% year-over-year room increase, including over 25,000 La Quinta pipeline rooms and the removal of 2,000 Knights Inn pipeline rooms. The Company also increased its pipeline sequentially by 1% compared to fourth quarter 2018. Approximately 54% of the Company’s development pipeline is international and 73% is new construction.
Business Segment Discussion
The following discussion of first quarter operating results focuses on revenue and adjusted EBITDA for each of our segments.
Hotel Franchising
Revenues increased 33% compared to first quarter 2018, including $61 million of incremental revenues from La Quinta. Excluding the impact from 2018 acquisitions and divestitures, revenues increased 4% in constant currency, due to higher license, royalty and other fees. Adjusted EBITDA grew 31% to $113 million, including an estimate of approximately $26 million of adjusted EBITDA from the acquisition of La Quinta. In constant currency and excluding the impact from 2018 acquisitions and divestitures, adjusted EBITDA grew 4%, reflecting the growth in revenues and lower operating expenses, partially offset by the timing of marketing expenses, which reduced adjusted EBITDA by $13 million.
Hotel Management
Revenues increased $98 million compared to the prior-year period, reflecting $108 million of incremental revenues from La Quinta (including $97 million of cost-reimbursement revenues). Excluding the impact from the acquisition of La Quinta, revenues declined $10 million primarily due to lower cost-reimbursement revenues, which have no impact on adjusted EBITDA. Adjusted EBITDA was unchanged compared to the prior-year quarter, reflecting an estimate of approximately $7 million of adjusted EBITDA from La Quinta and the absence of $4 million of net hurricane-related insurance proceeds received in first quarter 2018.
Other Items
Share Repurchases – The Company repurchased approximately 874,000 shares of its common stock for $44 million in the first quarter.
La Quinta Integration – Earlier this month, the Company completed the last major milestones in its integration of La Quinta, migrating the brand’s more than 900 hotels to Wyndham’s outsourced, cloud-based central reservation and property management systems and adding La Quinta to the Wyndham Rewards loyalty program. The Company now estimates that annual synergies from the La Quinta acquisition will be $64 million to $70 million and that it will reach full run-rate synergies in third quarter 2019.
Outlook
The Company is reaffirming the following outlook for full-year 2019:
Revenues of $2.11 billion to $2.16 billion, an increase of 13% to 16%.
Adjusted net income of $301 million to $313
Adjusted EBITDA of $605 million to $620 million, a year-over-year increase of 19% to 22%.
Rooms growth of 2% to 4%.
Organic RevPAR growth of 1% to 3% in constant
The Company increased its outlook for adjusted diluted EPS by two cents, to $3.07 to $3.19, based on an adjusted share count of 98.2 million, which reflects first quarter share repurchases and excludes future repurchases. The Company is providing an outlook for net income, EBITDA and EPS only on a non-GAAP, adjusted basis because it is unable to predict with reasonable certainty the occurrence or amount of potential adjustments that may arise in the future.
Conference Call Information
Wyndham Hotels will hold a conference call with investors to discuss the Company’s results and outlook on Tuesday, April 30, 2019 at 8:30 a.m. ET. Listeners can access the webcast live through the Company’s website at www.investor.wyndhamhotels.com. The conference call may also be accessed by dialing 877 876-9174 and providing the passcode “Wyndham”. Listeners are urged to call at least five minutes prior to the scheduled start time. An archive of this webcast will be available on the website for approximately 90 days beginning at noon ET on April 30, 2019. A telephone replay will be available for approximately ten days beginning at noon ET on April 30, 2019 at 800 374-0934.
Presentation of Financial Information
Financial information discussed in this press release includes non-GAAP measures, which include or exclude certain items. These non-GAAP measures differ from reported GAAP results and are intended to illustrate what management believes are relevant period-over-period comparisons and are helpful to investors as an additional tool for further understanding and assessing the Company’s ongoing operating performance.
Exclusion of items in the Company’s non-GAAP presentation should not be considered an inference that these items are unusual, infrequent or non-recurring. Full reconciliations of GAAP results to the comparable non- GAAP measures for the reported periods appear in the financial tables section of this press release.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 812,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award- winning Wyndham Rewards loyalty program offers over 75 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include those that convey management’s expectations as to the future based on plans, estimates and projections at the time Wyndham Hotels makes the statements and may be identified by words such as “will,” “expect,” “believe,” “plan,” “anticipate,” “intend,” “goal,” “future,” “outlook,” “guidance,” “target,” “estimate,” “projection” and similar words or expressions, including the negative version of such words and expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Wyndham Hotels to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements contained in this press release include statements related to Wyndham Hotels’ current views and expectations with respect to its future performance and operations, including revenues, earnings, cash flow and other financial and operating measures, share repurchases and dividends.
You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Factors that could cause actual results to differ materially from those in the forward- looking statements include, without limitation, general economic conditions, the performance of financial and credit markets, the economic environment for the hospitality industry, operating risks associated with the hotel franchising and management businesses, the impact of war, terrorist activity or political strife, risks related to our spin-off as a newly independent company, risks related to the acquisition and integration of La Quinta, risks related to our ability to obtain financing and the terms of such financing, and the timing and amount of future share repurchases and dividends, as well as the risks described in Wyndham Hotels’ most recent Annual
Report on Form 10-K filed with the Securities and Exchange Commission and any subsequent reports filed with the Securities and Exchange Commission. Except as required by law, Wyndham Hotels undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise.
World’s largest hotel franchisor brings to life its far-reaching U.S. scale and diverse iconic brands in new spots spanning broadcast and digital channels
Wyndham Hotels & Resorts has launched a new integrated marketing campaign connecting its considerable portfolio of brands and highlighting its multitude of accessible destinations for every travel occasion.Click to Download
Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,200 hotels globally including almost 6,400 in the U.S. alone, has launched a new integrated marketing campaign connecting its considerable portfolio of eminent brands – like Super 8 by Wyndham, Days Inn by Wyndham, La Quinta by Wyndham, and Wyndham, all of which are linked by the award-winning Wyndham Rewards loyalty program – and highlighting its multitude of accessible destinations for every travel occasion. This is the Company’s first such campaign since it became a pure-play hotel franchising and hotel management company in June 2018.
Its creative application emphasizes the extensive breadth of the Company’s locations and its family of brand flags across the country, informing travelers they’re likely only about ten minutes away from a hotel by Wyndham no matter where their travels take them, making a great stay closer than they may think.
Conceived in partnership with leading global advertising agency DDB and produced by Stink Films, the U.S. campaign visualizes relatable travel scenarios – from visiting a child at college, to traveling for business, and taking the family on memory-making vacations – which everyday travelers experience.
“With price and proximity being key factors for everyday travelers making hotel decisions, Wyndham’s wide-ranging cache of locations – from economy through upper-upscale accommodations – provide trusted accommodations and a warm Wyndham welcome waiting for travelers wherever they need it, no matter their budget or reason for traveling,” said Lisa Checchio, chief marketing officer, Wyndham Hotels & Resorts. “This campaign represents our continued steadfast mission to make hotel travel possible for all, bringing attention to the significant value and varied offerings Wyndham brings, including the world’s most generous hotel rewards program in Wyndham Rewards.”
Debuting ahead of the busy summer travel season and running into September 2019, Wyndham’s new campaign can be seen on television, online streaming and digital video, video-on-demand, mobile, streaming and terrestrial radio, social media, and digital channels. Top-performing programming includes live sports, morning news, and primetime viewing on popular networks like Food Network, Travel Channel, HGTV, TBS, Comedy Central, and ESPN.
The Power of Unified Brands
Wyndham embarked on its journey to unite its 20 hotel brands more seamlessly one year ago when it announced plans to designate its signature economy and midscale names, like Travelodge, Baymont, Trademark Collection, and Ramada, with the powerful “by Wyndham” hallmark, driving guest trial and awareness and reinforcing the power of Wyndham Rewards.
Wyndham’s research has shown that nearly 45 percent of consumers “feel better” about an endorsed brand, and almost one-third expect a better quality experience. Wyndham had already seen this effect on several of its existing brands that have carried the “by Wyndham” moniker for years, including Wingate by Wyndham and Microtel by Wyndham – two brands recognized by the industry for exceptional quality. For Wingate, the addition of “by Wyndham” in 2007 significantly increased brand awareness, and Microtel experienced a steady increase in RevPAR performance compared to industry.
The endorsement effort also connected the Company’s diverse franchise owners, comprised of more than 5,900 hoteliers around the world, under a common mission and name.
Checchio continued, “By embracing and presenting the combined power of our brands through efforts like this new integrated campaign, we’re validating our commitment to the owners who faithfully partner with us: we’ll continue leveraging the size, scale, and strength of Wyndham to drive increased awareness, familiarity, and consideration for the Company and our brands, with the objective of bringing more guests through hotel doors.”
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 810,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers approximately 75 million enrolled members the opportunity to redeem points at tens of thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
Ramada Hotel & Suites by Wyndham Yerevan Marks Wyndham’s Entry into Armenia
The newly opened Ramada Hotel & Suites by Wyndham Yerevan in Armenia’s capital city expands Ramada by Wyndham’s footprint across Europe.Click to Download
With around 870 hotels in over 60 countries, Ramada by Wyndham is one of the most recognised hotel brands in the world. Ramada by Wyndham has a strong presence all across Europe, from the UK, Germany, Portugal, Belgium and Italy, to Greece, Russia, Turkey and many more. The brand’s impressive list of destinations is set to further expand this month, with the opening of Ramada Hotel & Suites by Wyndham Yerevan, in Armenia. Located close to Republic Square, with panoramic views of Mount Ararat and the scenic city centre of Yerevan, the hotel will be the perfect base for travellers ready to explore Armenia’s capital and culture.
Ramada Hotel & Suites by Wyndham Yerevan will boast 202 spacious rooms, four well-equipped and cleverly designed meeting rooms, a fitness centre, sauna and Hammam, as well as two modern restaurants serving a range of local and international delicacies. Situated just 13km from Zvartnots International Airport, the hotel will be set in an ideal location for travellers who want to sample the best that the city has to offer, including the National Gallery, the History Museum and the Opera and Ballet Theatre of Armenia.
Ramada by Wyndham is part of Wyndham Hotels & Resorts, the hospitality powerhouse with 20 brands and approximately 9,200 hotels in over 80 countries. Ramada Hotel & Suites by Wyndham Yerevan will be Wyndham Hotels & Resorts’ first hotel in Armenia.
Edwin Broers, Regional Vice President for Central and Eastern Europe, Wyndham Hotels & Resorts, said: “Our strategy is bold but simple – we want to ensure that wherever in the world travellers visit, that they are able to find our hotel brands nearby. With a thriving cultural scene and a rich history, Yerevan was a natural choice to enter this attractive country and continue to grow in the region.”
The hotel will be managed by hospitality management expert, City Central LLC under a franchised agreement. Chilingaryan Karen, General Director City Central LLC, added: “We are pleased to be partnering with Wyndham Hotels & Resorts to bring an internationally recognised brand like Ramada to the capital of Armenia. Yerevan is increasingly attracting business and leisure travellers to our country, and Ramada Hotel & Suites by Wyndham Yerevan will be the perfect spot to experience the city.”
Ramada by Wyndham hotels around the world participate in Wyndham Rewards®, the company’s award-winning loyalty programme offering more than 70 million enrolled members the opportunity to redeem points at thousands of hotels, club resorts and vacation rental properties globally.
About Ramada by Wyndham
With approximately 870 hotels in more than 60 countries, global travelers are bound to find Ramada by Wyndham, one of the world’s most recognised hotel brands, wherever their travels take them. Guests choose Ramada to not only sample the world around them but for the brand’s passionate team members and full-service hospitality as well as functional meeting space, comfortable guest rooms, free Wi-Fi, and casual dining options. For more information visit www.ramada.com. Like and follow Ramada on Instagram, Facebook and Twitter.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 810,000 rooms appealing to the everyday traveller, Wyndham commands a leading presence in both the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada by Wyndham®, Ramada Encore®, TRYP by Wyndham, Hawthorn Suites®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards® loyalty programme offers more than 70 million enrolled members the opportunity to redeem points at tens of thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com or https://whrdevelopmentemea.com/.
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