Wyndham Hotels & Resorts Archives

World’s largest hotel franchising company continues its growth trajectory across the region with new openings and brand entries

LONDON and PARSIPPANY, N.J. February 22, 2022 – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries, continues to expand across Europe, Middle East, Eurasia and Africa (EMEA) with a number of recent hotel launches and a strong line-up of openings expected in 2022.

In 2021 Wyndham achieved nearly 70 new hotel signings across EMEA and a host of exciting openings. In addition, the company launched several multi-faceted initiatives to support and empower hotel partners across EMEA to innovate and respond to changes in demand and on-going travel restrictions.

In Europe, Wyndham furthered its footprint of over 300 hotels with the addition of 12 resorts in sought-after destinations including Turkey’s Aegean coast, Spain’s Costa del Sol, the beautiful island of Tenerife, secluded country estates in the UK and the Austrian Alps, all offering a range of options for guests seeking to combine business and leisure. The European growth trajectory also included important openings in key cities, such as the expansion of the upper-upscale Dolce Hotels and Resorts by Wyndham brand in Denmark with stylish hotels in Copenhagen and Odense and the launch of Trademark Collection by Wyndham through more conversions in Budapest, Bucharest, Thessaloniki, Brussels, Manchester and Sheffield.

Turkey saw a continuation of growth as Wyndham further cemented its position as the largest international hotel company by number of properties, reaching nearly 90 hotels with new openings across the country, as well as the debut of its economy brand Days Inn in Istanbul and Ankara.

In the Middle East, Wyndham continued to bring more accommodation options to Dubai, as the city officially welcomed the highly anticipated Expo 2020 global exhibition, with more openings under the Howard Johnson, Ramada, as well as the La Quinta and Days Inn by Wyndham brands, both launched in the market for the first time in 2021. Wyndham also bolstered its leisure offering in Oman with the launch of Wyndham Garden Salalah Mirbat, a waterfront resort in a popular destination in the Sultanate.

In India, Wyndham reached its 50th hotel mark, with new openings in culturally rich destinations including Jaipur, Varanasi, Mohali and Udaipur under the Ramada, Howard Johnson by Wyndham and the upscale Wyndham brand. The expansion is part of Wyndham’s commitment to growth for the sub-Indian continent with a development pipeline of approximately 30 hotels, with eight expected to open in 2022 alone.

Other EMEA highlights included the steady expansion of Ramada by Wyndham brand with an additional 18 new hotels across the region, including a broad range of destinations from Georgia (Tbilisi), the UK (Cheltenham), Romania (Targu Jiu), and more.

Dimitris Manikis, President EMEA, Wyndham Hotels & Resorts, said: “We are proud to look back on what Wyndham has achieved across EMEA, despite the on-going challenges and disruption in the travel industry. We focused on strengthening our fruitful partnerships, adding more exciting destinations, and broadening the reach of our brands. Our growth is ultimately a testament to the resilience of our hotel partners and the value proposition Wyndham delivers to them. We are delighted to offer even more exciting hotels for our guests and look forward to working with our partners and teams across EMEA in 2022 and beyond.”

Some of the upcoming openings in 2022 will include:

• Wyndham’s first entry into Poland with the upscale Wyndham Wroclaw Old Town, slated to open this month. The hotel will feature 205 stylish guest rooms and a host of amenities in a central location near plenty of attractions and landmarks.

• Wyndham Garden Munich Messe in Germany, which will offer 267 modern guest rooms in the business district of the city. Recently opened, the hotel will add to the existing portfolio of 11 hotels in Munich from economy to upscale.

• Further growth of the Super 8 brand in Germany, with the 10th hotel under the brand to open in Koblenz in June in collaboration with GS Star.

• More additions under the Ramada, Ramada Encore and Days Inn by Wyndham brands in Turkey with new additions in Istanbul, Rize, Elbistan and more.

• Wyndham will open its TRYP brand for the first time in Greece with a stylish hotel in Corfu. Expected to open in April, TRYP by Wyndham Corfu Dassia will offer 48 rooms, contemporary interiors, and lush gardens.

• The debut of the Wyndham’s namesake brand in Cyprus with the upscale Wyndham Nicosia. The hotel will offer elegant accommodation in Nicosia’s main square, alongside several leisure amenities and conference space.

• Continued expansion in Kazakhstan, Uzbekistan and Georgia, including the highly anticipated Grigoleti Beach Resort, a new construction build, marking the first Trademark in the market.

• Additional development in the Middle East with the 278-room Wyndham Grand Doha West Bay Beach in Qatar, along with two more openings in Saudi Arabia.

• Further growth in India including Ramada by Wyndham Gangtok Hotel & Golden Casino in Gangtok City, featuring stunning views of the Himalayan range, and the launch of the 300-room Ramada Plaza by Wyndham Mumbai Sahar offering guests comfortable accommodations and direct accessibility to the second busiest airport in the country.

In 2021, Wyndham launched several new initiatives to support its EMEA hotel partners through the recovery, including a new host of revenue management tools rolled out with technology expert OTA Insight. The company also launched a new talent engagement program with educational sessions, podcasts, videos, and more resources to help hotel partners in EMEA attract, nurture, and retain team members.

Wyndham hotels in EMEA and around the world participate in Wyndham Rewards®, the world’s most generous hotel rewards programme with more than 50,000 hotels, vacation club resorts and vacation rentals worldwide.

Exceeds Top End of Full-Year Outlook and Reports Largest Pipeline in Company’s History Company Provides Full-Year 2022 Outlook Board Increases Share Repurchase Authorization by $400 Million

PARSIPPANY, N.J., February 15, 2022 – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months and year ended December 31, 2021. Highlights include:

S. RevPAR for the quarter exceeded 2019 levels by 9%, growing 58% versus 2020.

System-wide rooms grew 180 basis points year-over-year, including 70 basis points of growth in the U.S. and 350 basis points of growth internationally.

Diluted earnings per share for the quarter of $0.52 and net income of $48 million; diluted EPS for the full-year of $2.60 and net income of $244 million.

Adjusted diluted earnings per share of $0.69 for the quarter and adjusted net income of $64 million; adjusted earnings per share for the full-year of $3.16 and adjusted net income of $297 million.

Adjusted EBITDA of $131 million for the quarter and $590 million for the full-year.

Net cash provided by operating activities for the full-year of $426 million and free cash flow of $389 million.

Returned over $190 million to shareholders for the full-year through share repurchases and dividends.

“With a 9% U.S. RevPAR increase and another 340 basis points of domestic market-share gains versus 2019 – we were very pleased with our performance this quarter as each month saw stronger growth than the month prior,” said Geoffrey A. Ballotti, president and chief executive officer. “New COVID variants did not impact our domestic, drive-to leisure travel business and consumer demand portends a very busy Spring Break for our franchisees. We enter 2022 with strong occupancy trends in the U.S., our largest ever development pipeline and a multitude of new technology services and marketing programs to enhance our franchisees’ top and bottom lines. In addition, our Board authorized a quarterly dividend of $0.32 per share and increased our share repurchase authorization, which reflects the ongoing strength of the business and our strong free cash flow.”

Fourth Quarter 2021 Operating Results
Fee-related and other revenues increased 43% to $314 million primarily reflecting strong ADR growth in the U.S., which drove fourth quarter U.S. RevPAR 9% above 2019 levels.

The Company generated net income of $48 million, or $0.52 per diluted share, an increase of $55 million, or $0.60 per diluted share, reflecting an increase in adjusted EBITDA and lower net interest expense. Adjusted EBITDA for the quarter was $131 million, an increase of 126% versus 2020. The increase of $73 million reflects the increase in fee-related and other revenues and lower excess marketing spend, partially offset by higher volume-related expenses due to the ongoing recovery in travel demand.

During the fourth quarter 2021, the Company’s marketing fund expenses exceeded revenues by $8 million; while in fourth quarter 2020, the Company’s marketing fund expenses exceeded revenues by $26 million.

Full reconciliations of GAAP results to the Company’s non-GAAP adjusted measures for all reported periods appear in the tables to this press release.

System Size

The Company’s global system grew 180 basis points, reflecting 70 basis points of growth in the U.S. and 350 basis points of growth internationally. As expected, these increases included strong growth in both the higher RevPAR midscale and above segments in the U.S. and the direct franchising business in China, which grew 5% and 15%, respectively. Fourth quarter room openings recovered to 97% of 2019 levels globally reflecting a 21% increase in domestic additions. The Company also achieved its goal of a 95% retention rate for the full year 2021.

RevPAR

Fourth Quarter 2021 Business Segment Discussion

Hotel Franchising revenues increased 34% year-over-year to $270 million primarily due to the global RevPAR increase. Hotel Franchising adjusted EBITDA increased 66% to $128 million reflecting the growth in revenues and lower excess marketing spend, partially offset by higher volume-related expenses.

Hotel Management revenues increased 30% year-over-year to $122 million, including a $2 million increase in cost-reimbursement revenues, which have no impact on adjusted EBITDA. Absent cost-reimbursements, Hotel Management revenues increased $26 million, or 144%, to $44 million primarily due to the global RevPAR increase, as well as improved performance at the Company’s owned hotels. Hotel Management adjusted EBITDA increased $20 million year-over-year reflecting the revenue increases, partially offset by higher volume-related expenses.

Full-Year 2021 Operating Results
Fee-related and other revenues increased 31% to $1,245 million primarily reflecting the recovery in travel demand and its impact on global RevPAR, as well as 2% growth in the Company’s global system size. Global RevPAR recovered to 88% of 2019 levels on a constant currency basis, including domestic RevPAR at 97% of 2019 levels.

The Company generated net income of $244 million, or $2.60 per diluted share, compared to net loss of $132 million, or $1.42 loss per diluted share, for the full-year 2020. Adjusted EBITDA for the full-year was $590 million, an increase of 76% versus 2020. The increase of $254 million in adjusted EBITDA primarily reflects the increase in fee-related and other revenues and marketing fund favorability, partially offset by higher volume-related expenses due to the recovery in travel demand throughout the year. The increase of $376 million, or $4.02 per diluted share, in net income reflects a further decline in after-tax special-item charges and lower net interest expense.

During full-year 2021, the Company’s marketing fund revenues exceeded expenses by $18 million; while in full-year 2020, the Company’s marketing fund expenses exceeded revenues by $49 million.

Development
The Company awarded 655 new contracts this year. On December 31, 2021, the Company’s global development pipeline consisted of over 1,500 hotels and over 194,000 rooms, the highest level on record. The pipeline grew 5% year-over-year, including 3% domestically and 6% internationally. Approximately 65% of the Company’s development pipeline is international and 79% is new construction, of which approximately 35% has broken ground. Over 80% of the global development pipeline is in the midscale and above segments, including over 70% in the U.S.

Cash and Liquidity
The Company generated $426 million of net cash provided by operating activities in the full-year 2021, compared to $67 million in 2020 and $100 million in 2019. The Company generated $389 million of free cash flow in the full-year 2021, which includes a benefit from the collection of prior year receivables that were outsized due to COVID deferrals.

At December 31, 2021, the Company had $171 million of cash on its balance sheet and over $900 million in total liquidity. The Company’s net debt leverage ratio was 3.2 times at December 31, 2021, within the Company’s 3 to 4 times stated target range, compared to 3.3 times at December 31, 2019.

Share Repurchases and Dividends
During the fourth quarter of 2021, the Company repurchased approximately 994,000 shares of its common stock for $83 million at an average price of $83.42 per share. For the full-year 2021, the Company repurchased approximately 1.4 million shares of its common stock for $110 million at an average price of $80.60 per share. The Company’s Board of Directors recently increased the Company’s share repurchase authorization by $400 million.

The Company paid common stock dividends of $29 million, or $0.32 per share, in the fourth quarter of 2021 for a total of $82 million, or $0.88 per share, for the full-year 2021. The Company’s Board of Directors recently authorized a quarterly cash dividend of $0.32 per share of common stock beginning with the dividend that is expected to be declared in the first quarter of 2022.

Potential Sale of Owned Hotels
During the fourth quarter of 2021, the Company decided to pursue the sale of its two owned hotels. As of December 31, 2021, the assets and liabilities of these owned hotels were reported in assets held for sale and liabilities held for sale on the Consolidated Balance Sheet. As a result of the plan to sell these owned hotels, in the fourth quarter of 2021, the Company recorded a non-cash impairment charge of $6 million to reflect the expected value upon potential sale.

Full-Year 2022 Outlook
The Company provided the following outlook for full-year 2022:

Net rooms growth of 2% to 4%.

RevPAR growth of 12% to 16% versus 2021, which is consistent with 2019 levels.

Fee-related and other revenues of $1.34 billion to $1.37 billion, a year-over-year increase of 8% to 10%.

Adjusted EBITDA of $605 million to $625 million, which is consistent with 2019 levels, and reflects a year-over-year increase of 3% to 6%.

Adjusted net income of $308 million to $320 million, which is consistent with 2019 levels, and reflects a year-over-year increase of 4% to 8%.

Adjusted diluted EPS of $3.28 to $3.40, based on a diluted share count of 93.9 million that excludes any share repurchases after December 31, 2021. Reflects growth up to 4% compared to 2019, and a year-over-year increase of 4% to 8%.

Free cash flow conversion from adjusted EBITDA of approximately 55%.

The Company views its growth in adjusted EBITDA compared to 2021 and 2019 as follows (in millions):

^(a) Does not include any impact from the planned sale of the Company’s two owned hotels.

^(b) Net income was $244 million and $157 million for the years ended December 31, 2021 and 2019, respectively. Reconciliation can be found in the Table 7.

^(c) In 2022, the expected termination payment of $84 million will be fully offset by the non-cash write-off of the related management contract intangible asset, as previously communicated. In 2021, includes (i) the effects of CorePoint’s prior asset dispositions, including $2 million of operational EBITDA and $19 million of termination fees and (ii) $4 million of operational EBITDA generated from assets yet to be sold. In 2019, includes (i) the effects of CorePoint’s prior asset dispositions, including $12 million of operational EBITDA and $7 million of termination fees and (ii) $9 million of operational EBITDA generated from assets yet to be sold.

^(d) Primarily represents license fees paid by Travel + Leisure, the recovery of which is correlated to the recovery of vacation ownership sales at Travel + Leisure. This projection is based on internal estimates and will be updated as appropriate when Travel + Leisure provides an estimated vacation ownership interest sales projection for 2022.

More detailed projections are available in Table 8 of this press release. The Company is providing certain financial metrics only on a non-GAAP basis because, without unreasonable efforts, it is unable to predict with reasonable certainty the occurrence or amount of all of the adjustments or other potential adjustments that may arise in the future during the forward-looking period, which can be dependent on future events that may not be reliably predicted. Based on past reported results, where one or more of these items have been applicable, such excluded items could be material, individually or in the aggregate, to the reported results.

Conference Call Information
Wyndham Hotels will hold a conference call with investors to discuss the Company’s results and outlook on Wednesday, February 16, 2022 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 866 831-8713 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 beginning at noon ET on February 16, 2022. A telephone replay will be available for approximately ten days beginning at noon ET on February 16, 2022 at 800 723-0479.

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. The Company uses these measures internally to assess its operating performance, both absolutely and in comparison to other companies, and to make day to day operating decisions, including in the evaluation of selected compensation decisions. 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 by the number of properties, with approximately 9,000 hotels across approximately 95 countries on six continents. Through its network of over 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 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services. The Company’s award-winning Wyndham Rewards loyalty program offers over 92 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. The Company may use its website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Disclosures of this nature will be included on the Company’s website in the Investors section, which can currently be accessed at www.investor.wyndhamhotels.com. Accordingly, investors should monitor this section of the Company’s website in addition to following the Company’s press releases, filings submitted with the Securities and Exchange Commission and any public conference calls or webcasts.

Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the federal securities laws, including statements related to the Company’s 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, restructuring charges and statements related to the coronavirus pandemic (“COVID-19”). Forward-looking statements include those that convey management’s expectations as to the future based on plans, estimates and projections at the time the Company makes the statements and may be identified by words such as “will,” “expect,” “believe,” “plan,” “anticipate,” “intend,” “goal,” “future,” “outlook,” “guidance,” “target,” “objective,” “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 the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. 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 continuation or worsening of the effects from COVID-19, its scope, duration, resurgence and impact on the Company’s business operations, financial results, cash flows and liquidity, as well as the impact on the Company’s franchisees and property owners, guests and team members, the hospitality industry and overall demand for travel; the success of the Company’s mitigation efforts in response to COVID-19; the Company’s performance during the recovery from COVID-19 and any resurgence or mutations of the virus; various actions governments, businesses and individuals continue to take in response to the pandemic, including stay-in-place directives (including, for instance, quarantine and isolation guidelines and mandates), safety mitigation guidance, as well as the timing, availability and adoption rates of vaccinations, booster shots and other treatments for COVID-19; concerns with or threats of other pandemics, contagious diseases or health epidemics, including the effects of COVID-19; the performance of the financial and credit markets; the economic environment for the hospitality industry; operating risks associated with the hotel franchising and management businesses; the Company’s relationships with franchisees and property owners; the impact of war, terrorist activity, political instability or political strife; risks related to restructuring or strategic initiatives; risks related to the Company’s relationship with CorePoint Lodging, Inc. (“CorePoint”) and the Company’s relationship with Highgate Holdings, Inc. and certain of its affiliates or subsidiaries following the closing of CorePoint’s sale; the Company’s ability to satisfy obligations and agreements under its outstanding indebtedness, including the payment of principal and interest and compliance with the covenants thereunder; risks related to the Company’s ability to obtain financing and the terms of such financing, including access to liquidity and capital; and the Company’s ability to make or pay, plans for, and the timing and amount of any future share repurchases and/or dividends, as well as the risks described in the Company’s 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. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise.

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Contact:

Investors:
Matt Capuzzi
Senior Vice President, Investor Relations
973 753-6453
[email protected]

Media:
Maire Griffin
Senior Vice President, Global Communications
973 753-6590
[email protected]

Wyndham among top U.S. companies recognized for employee satisfaction

PARSIPPANY, N.J., (February 15, 2022) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries, today announced it has been named to Forbes’ list of America’s Best Employers for 2022. Presented by Forbes in partnership with Statista, the world-leading statistics portal and industry ranking provider, the annual list recognizes Wyndham as a top employer, with team members highly likely to recommend the Company to both family and friends.

The honor marks yet another accolade for Wyndham over the last year. Just last month, the Company received a perfect score for the fourth consecutive year on the 2022 Human Rights Campaign’s Corporate Equality Index (CEI), recognizing Wyndham as a best place to work for LGBTQ+ Equality and this past October, Wyndham was named by Newsweek as one of America’s Most Loved Workplaces, ranking #4 among the top 100 companies.

“The strength of our company comes from the people within. This award reflects Wyndham’s long-standing commitment to fostering a workplace that encourages and supports the diverse contributions of our team members,” said Monica Melancon, chief human resource officer, Wyndham Hotels & Resorts. “Our Count on Me service culture and core values of integrity, accountability, inclusivity, caring and fun make our company a special place to build a career and inspires incredible experiences for our team members and the people we serve.”

Wyndham is fiercely committed to the well-being of its employees and believes in creating environments where all team members can grow and succeed. Through the continuous development of impactful programs, team members have access to career advancement and educational programs, volunteer opportunities, and range of affinity business groups, helping to cultivate a diverse and inclusive workplace. What’s more, the company provides leading benefits, educational assistance, parental leave, exclusive team member travel perks and discounts, and promotes a culture designed to provide team members with a fulfilling work-life balance, including an ongoing commitment to flexible and hybrid options, enabling associates to do their best work in the place that works best for them.

To determine the rankings, Forbes and Statista selected employers through an independent survey applied to more than 60,000 American employees across 25 different industries. The evaluation was based on direct and indirect recommendations from employees who were asked to rate their willingness to recommend their own employers to friends and family. Employee evaluations also included other employers in their respective industries.

More information, including Forbes’ full list of America’s Best Employers for 2022, can be found here.

Achievement Marks Four Consecutive Years with a Perfect Score on Human Rights Campaign’s Corporate Equality Index

PARSIPPANY, N.J., January 27, 2021 – Wyndham Hotels & Resorts (NYSE: WH) – the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries – announced today that it received a perfect score of 100 on the 2022 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality, administrated by the Human Rights Campaign Foundation. Wyndham is celebrating its fourth consecutive year earning a perfect score in this annual survey, further recognizing the company as a best place to work for LGBTQ+ Equality.

“Inclusivity is core to our values, and we respect differences in people, cultures, ideas, and experiences,” said Geoffrey A. Ballotti, chief executive officer, Wyndham Hotels & Resorts. “We understand that we only succeed by bringing together varying backgrounds and points of view, and we are dedicated to creating welcoming environments both internally for team members and in our hotels for guests.”

Deeply committed to a culture of diversity, equity, and inclusion, Wyndham continuously infuses different perspectives into the workplace that reflect the company’s diverse customers and communities around the world and offers enhanced training to address racial inequality, anti-racism, and allyship. The company partners with leading organizations including National Gay & Lesbian Chamber of Commerce and International Gay & Lesbian Travel Association, and offers affinity groups such as PRIDE, which is sponsored and championed by members of the executive leadership team. In further support of fostering an inclusive environment where team members feel comfortable to be their authentic selves, Wyndham launched a campaign on International Pronouns Day that was dedicated to promoting awareness about pronouns and how team members can self-identify should they choose to do so.

Wyndham Hotels & Resorts is among 1,271 businesses rated in this year’s report. The CEI uses criteria based on equitable benefits for LGBTQ workers and their families; non-discrimination policies across business entities; supporting an inclusive culture; and corporate social responsibility. Wyndham’s efforts in satisfying all of the CEI’s criteria earned a 100 percent ranking and the designation as one of the Best Places to Work for LGBTQ+ Equality.

Wyndham has also been named to Ethisphere’s list of the world’s most ethical companies in 2019 and 2020, and in 2021 the company was named one of the best places to work in its home state of New Jersey by NJBIZ and was recognized by Newsweek as one of the Most Loved Workplaces for 2021 and Most Responsible Companies for 2022.
For more information on the 2021 Corporate Equality Index, or to download a free copy of the report, visit www.hrc.org/cei.

About Human Rights Campaign Foundation
The Human Rights Campaign Foundation is the educational arm of the Human Rights Campaign (HRC), America’s largest civil rights organization working to achieve equality for lesbian, gay, bisexual, transgender and queer (LGBTQ+) people. Through its programs, the HRC Foundation seeks to make transformational change in the everyday lives of LGBTQ+ people, shedding light on inequity and deepening the public’s understanding of LGBTQ+ issues, with a clear focus on advancing transgender and racial justice. Its work has transformed the landscape for more than 15 million workers, 11 million students, 1 million clients in the adoption and foster care system and so much more. The HRC Foundation provides direct consultation and technical assistance to institutions and communities, driving the advancement of inclusive policies and practices; it builds the capacity of future leaders and allies through fellowship and training programs; and, with the firm belief that we are stronger working together, it forges partnerships with advocates in the U.S. and around the globe to increase our impact and shape the future of our work.

The Company’s Newest Female Hotelier Signs a Multi-Property Agreement as Part of the Innovative Program Supporting the Advancement of Women-Owned Hotels

PARSIPPANY, N.J., January 25, 2021 – Wyndham Hotels & Resorts (NYSE: WH) – the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries – announced today its first signed agreement as part of its innovative “Women Own the Room” program. Trusha Patel, Founder and CEO, Platinum Holdings, becomes the pioneering program’s first member with two new construction La Quinta and Hawthorn Suites dual-branded hotels. The first-ever program by a major hotel company specifically targeting women’s advancement in hotel ownership, Wyndham’s recently launched “Women Own the Room” is designed to advance and empower women entrepreneurs to break through the predominantly male-dominated hotel industry and is a natural extension of Wyndham’s strong dedication to a culture of diversity, equity, and inclusion.

From Breaking the Glass Ceiling to Breaking Hotel Ground: “Women Own the Room” Supports Advancement of Women-Owned Hotels

Hospitality industry data shows that women are significantly underrepresented in hotel ownership, real estate, and investment funding roles. Research conducted by Castell Project in 2021 found that while the hospitality industry is one of the most diverse, it lags when it comes to diversity in senior positions and ownership. While women make up 70% of the tourism and hospitality workforce, they only make up 10% of hotel development roles. Wyndham Hotels & Resorts is committed to gender diversity, women’s economic empowerment, and advancing women entrepreneurs to level the playing field.

“Hospitality is one of the most diverse industries in the world and we should be fostering that diversity at the highest levels including ownership,” said Lisa Checchio, Chief Marketing Officer, Wyndham Hotels & Resorts. “While the workforce in the tourism and hospitality industry is comprised of 70% women, only one woman enters hotel development for every 9.6 men. “Women Own the Room” is specifically designed to help overcome the common barriers women face in hotel development and help them open and run their hotels.”

Women Own the Room is built upon the pillars of

1. Delivering comprehensive financial solutions
  1. Enhanced capital support
  2. Reduced initial franchise fee
  3. Available for new construction and conversion projects
2. Offering personalized and complimentary operational guidance & support
  1. Personalized opening support
  2. Best-in-class training
  3. Complimentary services designed to help maximize revenue
3. Establishing an inclusive community for networking & education
  1. Event topics to include: Tips on securing financing
  2. Selecting sites and performing feasibility assessments
  3. Success stories from women in hotel development

Wyndham’s new program aims to help address the nearly 50% of women in business who lack competent advisors to guide them through entrepreneurship by connecting females interested in the hotel business with established female hotel developers who successfully broke the mold. Additionally, the company offers a development incentive program that provides meaningful Wyndham financing, discounts on initial fees and complimentary first-year operating services to support the success of hotels developed by women.

“I grew up in the hospitality industry and have been involved in every facet of hotel ownership, from development to dispositions. When embarking on owning a hotel of my own, it was helpful to have access to the resources that Wyndham provides,” said Trusha Patel, Founder and CEO, Platinum Holdings. “With the support of Wyndham, I have the backing of the world’s largest hotel company behind me. This is an incredible opportunity to realize my personal hospitality objectives, and also an opportunity to inspire other women to fulfill their entrepreneurship goals.”

Two New La Quinta and Hawthorn Suites Dual-Brand Hotels

Ms. Patel will open two La Quinta and Hawthorn Suites dual-branded hotels in the rapidly growing Texas cities of Austin and Georgetown. Each hotel will offer a combined 125 guestrooms – 75 of which will feature the recently refreshed room design from La Quinta’s sought-after Del Sol prototype, and 50 will feature the updated Hawthorn room design including modern, well-equipped kitchens for extended-stay guests. This pairing of select-service and long-term lodging targets different types of travelers, bringing them together under one roof and allows Wyndham to provide options for travelers looking for extended-stays, especially in the growing midscale space. Background about the new hotels:

1. - La Quinta and Hawthorn Suites Austin Airport — The hotel will be conveniently situated less than a mile from Austin-Bergstrom International Airport, four miles from downtown Austin, and will be one of the closest hotels to the new Tesla Headquarters and Gigafactory. Guests can easily experience all that the city has to offer such as music and local bites on 6th street and Rainey Street, visiting the Texas State Capital, catching a concert at Austin360 Amphitheater, seeing a performance at Paramount Theatre, or visiting Circuit of Americas racing facility, which hosts the Formula One United States Grand Prix, Road Racing World Championship and more.
  - La Quinta and Hawthorn Suites Georgetown — Located 30 miles north of Austin along one of central Texas’ largest thoroughfares, Georgetown has experienced explosive growth over the last decade and has transformed into an independent economic hub. The 3.3-acre hotel will be part of Longhorn Junction, the 190-acre mixed use development, which will also welcome a brewery and a variety of restaurants and retail outlets. Guests of the hotel will be able to seamlessly explore the destination and can enjoy boating and fishing excursions on Lake Georgetown in the warmer months.

“Members of ‘Women Own the Room,’ will have access to the tools and support designed to help them achieve success every step of the way, from signing and breaking ground to welcoming their first guests. The program is designed to clear the path for women who are eager to make their mark in the hospitality industry,” said Chip Ohlsson, Chief Development Officer, Wyndham Hotels & Resorts.

As a leading hospitality brand, Wyndham is helping advance and champion diversity within the Company and the greater travel industry. Spanning multiple countries and continents, Wyndham team members are a widespread group of individuals with diverse interests and backgrounds who all come together to further one of the world’s most prominent hotel organizations. For three years in a row, the company received a perfect score on the Human Rights Campaign’s Equality Index, designating Wyndham as a best place to work as well, as having been named by DiversityInc as a noteworthy company for its commitment to diversity and inclusion.

To get involved and stay up-to-date on Women Own the Room’s upcoming events, visit www.womenowntheroombywyndham.com. Developers interested in collaborating with Wyndham can visit Wyndhamdevelopment.com or contact the Wyndham Franchise Development team by email at [email protected].

As part of the Wyndham Business program, this new network of premium meetings-focused hotels offers meeting planners new incentives in desired markets, and streamlined multi-year bookings

PARSIPPANY, N.J. (November 9, 2021) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries, today announces the debut of The Meetings Collection, a new element of the brand’s Wyndham Business program. Initially launching with eight hotels and resorts located across the U.S. in highly sought-after meetings destinations and with plans to expand in the future, the Collection was created with the needs of meeting organizers in mind, to offer rewarding solutions and a simple, streamlined way to book multi-year meetings at different hotels across the collection.

“It is a pivotal time in the meetings and events industry, with group travel beginning to return to fully in-person and hybrid meetings,” said Carol Lynch, senior vice president, global sales, Wyndham Hotels & Resorts. “We are launching this collection to support planners during every phase of the process and are excited to be able to now offer a highly efficient way for them to source and book hotels at competitive rates, earn generous rewards, and deliver an exceptional experience for their group.”

The Collection’s portfolio is comprised of properties from brands including Wyndham Grand, Trademark Collection by Wyndham, Wyndham, and Dolce Hotels and Resorts, and provides planners with more than 900,000 collective square feet of flexible meeting space and over 4,400 total guestrooms in addition to signature experiences across markets. The following hotels and resorts are part of The Meetings Collection launch:

Wyndham Grand Clearwater Beach, Fla.
Wyndham Grand Rio Mar Puerto Rico Golf & Beach Resort, Rio Grande, Puerto Rico
Wyndham Grand Orlando Resort Bonnet Creek, Fla.
Wyndham Grand Pittsburgh Downtown, Pa.
Galt House Hotel, Trademark Collection by Wyndham, Louisville, Ky.
Wyndham Orlando Resort International Drive, Fla.
Silverado Resort and Spa, A Dolce by Wyndham, Napa, Calif.
Cheyenne Mountain Resort, A Dolce by Wyndham, Colorado Springs, Colo.

To better assist planners in creating a memorable and impactful experience for their groups, The Meetings Collection extends planners a way to save time and money while earning Wyndham Rewards® points when booking 2 or 3+ meetings. The offer includes:

Save up to 5% on total meeting revenue when you contract multiple meetings or events at participating hotels listed above*
Count on flexibility with up to 30% attrition*
Enjoy a streamlined contracting process through our dedicated sales team and a single point of contact for each meeting or event
Exclusive destination experiences at participating hotels
PLUS, earn up to 50,000 Wyndham Rewards points per meeting with options to redeem for free and discounted stays at thousands of hotels, vacation club resorts and vacation

Rentals and much more! *

Signature destination experiences include a 3-night stay at Galt House, a Trademark Collection Hotel and two tickets to the Kentucky Derby; a 2-night stay at Wyndham Grand Pittsburgh Downtown with breakfast for two and four tickets to a home Steelers game; and an overnight stay at Silverado, a Dolce Resort, paired with a picnic basket lunch and complimentary wine tasting at a partner winery location.

Wyndham offers the world’s most generous rewards program for meeting planners, go meet. With no minimum spend requirement and no maximum point limit, paying guests who are Wyndham Rewards® members earn 10 POINTS per dollar or 1,000 points, whichever is more, for qualified stays at Wyndham Rewards hotels worldwide.

*Offer applies to two (2) or more meetings contracted at participating hotels simultaneously or within 30 days of the contract for the first meeting. All meetings must occur within 5 years of the first meeting date. For additional terms and conditions that apply, including details on savings and earning Wyndham Rewards points, please visit.

About Wyndham Business
Wyndham Business provides a suite of tools for meeting planners and travel advisors to save time and money, by simplifying business travel bookings. With special discounted rates, exclusive perks, and best-in-class business tools, Wyndham makes it easier to source the right hotels and help maximize efficiency. From transient travel and long-term stay projects to conferences and more, anytime you need to book 5+ rooms, Wyndham Business has you covered. For more information, visit www.wyndhamhotels.com/wyndham-business.

This press release contains “forward-looking statements” within the meaning of U.S. federal securities laws, including the expected addition of hotels and similar statements concerning possible future results or performance. You are cautioned not to place undue reliance on these forward-looking statements, which are not guarantees of future results or performance, speak only as of the date of this press release and are subject to numerous risks and uncertainties, including the risks described in Wyndham Hotels’ most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission, any of which could cause actual results or performance to be materially different from the future results or performance expressed or implied by such forward-looking statements. 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.

Company Increases Dividend 33% to Pre-Pandemic Level Raises Full-Year 2021 Outlook

PARSIPPANY, N.J., October 27, 2021 – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended September 30, 2021. Highlights include:

S. RevPAR exceeded 2019 levels by 7%, growing 59% versus 2020.
System-wide rooms grew 60 basis points sequentially, including 40 basis points of growth in the U.S. and 80 basis points of growth internationally.
Diluted earnings per share of $1.09 compared to $0.29 in third quarter 2020; adjusted diluted EPS of $1.16 compared to $0.36 in third quarter 2020.
Net income of $103 million compared to $27 million in third quarter 2020; adjusted net income of $109 million compared to $34 million in third quarter 2020.
Adjusted EBITDA of $194 million compared to $103 million in third quarter 2020.
Net cash provided by operating activities of $147 million compared to $97 million in third quarter 2020; free cash flow of $141 million compared to $92 million in third quarter 2020.
Returned $50 million to shareholders in the quarter through $27 million of share repurchases and a quarterly cash dividend of $0.24 per share.
Board of Directors recently authorized a 33% increase in the quarterly cash dividend to pre-pandemic level of $0.32 per share beginning with the dividend expected to be declared in fourth quarter 2021.
Company raises full-year 2021 outlook.

“Our resilient select-service franchising business model continues to lead the industry’s recovery with RevPAR well in excess of 2019 levels. These results have been fueled by the many investments we made over the last two years to capture an increasing share of both leisure and everyday business travel,” said Geoffrey A. Ballotti, president and chief executive officer. “Developer interest in our brands is strong. Our pipeline grew another 440 basis points and is now at pre-pandemic levels. At the same time our teams opened over 50% more rooms than we opened last year, and more rooms than we opened in the third quarter of 2019. Our diversified brand portfolio, now including our newly launched upper midscale all-inclusive brand, Alltra, and compelling owner value proposition, combined with our asset-light business model positions us to deliver strong free cash flow and shareholder returns well into the future.”

Fee-related and other revenues increased 48% to $377 million compared to $255 million in the third quarter of 2020 primarily reflecting the ongoing recovery in travel demand and its impact on global RevPAR, which has now recovered to 97% of 2019 levels, including domestic RevPAR at 7% above 2019.

The Company generated net income of $103 million, or $1.09 per diluted share, compared to net income of $27 million, or $0.29 per diluted share, in the third quarter of 2020. The increase of $76 million, or $0.80 per diluted share, reflects the increase in fee-related and other revenues and lower net interest expense, partially offset by higher volume-related expenses due to the ongoing recovery in travel demand.

The following discussion of third quarter operating results focuses on the Company’s key drivers as well as revenue and adjusted EBITDA for each of the Company’s segments. Full reconciliations of GAAP results to the Company’s non-GAAP adjusted measures for all reported periods appear in the tables to this press release.

System Size

Year-to-date, the Company’s global system grew 80 basis points, reflecting quarter-over-quarter sequential growth of 60 basis points driven by 40 basis points of growth in the U.S. and 80 basis points of growth internationally. Third quarter room openings exceeded 2019 levels by 4% globally reflecting a 46% increase in domestic additions. The Company’s annualized retention rate through third quarter stood at approximately 95%, putting the Company solidly on track with its goal of achieving a 95% retention rate and its net room growth outlook of 1.5 to 2% for the full year 2021.

RevPAR

Global and international RevPAR began to lap the onset of the COVID-19 pandemic in January 2021, while the U.S. began to lap its onset in March 2021. As such, comparisons to 2019 (on a two-year, constant currency basis) are more meaningful when evaluating trends. On this basis, third quarter RevPAR in the U.S. exceeded 2019 levels by 7% while global RevPAR recovered to 97% of 2019 levels and international RevPAR declined 25%. The 7% increase in the U.S. represents continued sequential improvement compared to a decline of 5% in the second quarter of 2021. Notably, RevPAR for the Company’s economy brands exceeded 2019 levels by 14% in the third quarter. The 25% international decline demonstrates strong sequential progress from a 44% decline in second quarter led by growth in regions where travel restrictions subsided. Canada improved 32 points to a 17% decline and EMEA improved 43 points to a 25% decline, partially offset by a 10 point sequential decrease to a 17% decline in China due to travel restrictions resulting from local COVID outbreaks in August and September.

Business Segment Results

Hotel Franchising revenues increased 43% year-over-year to $337 million primarily due to the global RevPAR increase. Hotel Franchising adjusted EBITDA increased 62% to $193 million reflecting the growth in revenues as well as a timing benefit from the marketing fund, partially offset by higher volume-related expenses.

Hotel Management revenues increased 25% year-over-year to $126 million, including a $4 million increase in cost-reimbursement revenues, which have no impact on adjusted EBITDA. Absent cost-reimbursements, Hotel Management revenues increased $21 million, or 111%, to $40 million primarily due to the global RevPAR increase, as well as improved performance at the Company’s owned hotels. Hotel Management adjusted EBITDA increased $14 million year-over-year reflecting the revenue increases, partially offset by higher volume-related expenses, and reflecting significant margin expansion (excluding cost reimbursements) to 40% in 2021 from 11% in 2020.

During the third quarter 2021, the Company’s marketing fund revenues exceeded expenses by $19 million; while in third quarter 2020, the Company’s marketing fund expenses exceeded revenues by $8 million.

Development
The Company awarded 151 new contracts this quarter, 3% higher than 2019. On September 30, 2021, the Company’s global development pipeline consisted of over 1,450 hotels and approximately 193,000 rooms. The pipeline grew 440 basis points year-over-year and 120 basis points sequentially – including 90 basis points domestically and 140 basis points internationally. Approximately 65% of the Company’s development pipeline is international and 76% is new construction, of which approximately 34% has broken ground.

Cash and Liquidity
The Company generated $147 million of net cash provided by operating activities in the third quarter of 2021 compared to $97 million in third quarter 2020. The Company generated $141 million of free cash flow in the third quarter of 2021 compared to $92 million in the third quarter 2020.

At September 30, 2021, the Company had $193 million of cash on its balance sheet and approximately $930 million in total liquidity. The Company’s net debt leverage ratio was 3.7 times at September 30, 2021 and within the Company’s 3 to 4 times stated target range.

Share Repurchases and Dividends
During the third quarter of 2021, the Company repurchased approximately 374,000 shares of its common stock for $27 million at an average price of $73.13 per share.

The Company paid common stock dividends of $23 million, or $0.24 per share, in the third quarter of 2021. The Company’s Board of Directors authorized a 33% increase in the quarterly cash dividend to pre-pandemic level of $0.32 per share, beginning with the dividend expected to be declared in fourth quarter 2021.

2021 Outlook
The Company updated its outlook for full-year 2021 as follows:

Net rooms growth of 1.5% to 2% versus our prior outlook of 1% to 2%.
RevPAR growth of approximately 43% versus 2020, or a decline of approximately 14% compared to 2019, which is improved from growth of approximately 40% versus 2020, or a decline of approximately 16% compared to 2019.
Fee-related and other revenues of $1.21 billion to $1.23 billion, up from $1.16 billion to $1.19 billion.
Adjusted EBITDA of $560 million to $570 million, up from $525 million to $535 million.
Adjusted net income of $275 million to $285 million, up from $244 million to $254 million.
Adjusted diluted EPS of $2.93 to $3.03, up from $2.60 to $2.70, based on a diluted share count of 94.0 million that excludes any share repurchases after September 30, 2021.
Free cash conversion from Adjusted EBITDA of approximately 60%, up from approximately 55%.

Conference Call Information
Wyndham Hotels will hold a conference call with investors to discuss the Company’s results and outlook on Thursday, October 28, 2021 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 877 876-9173 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 beginning at noon ET on October 28, 2021. A telephone replay will be available for approximately ten days beginning at noon ET on October 28, 2021 at 800 839-4992.

Wyndham Ranked as #4 Among 100 U.S. Companies Recognized for Employee Sentiment and Satisfaction

PARSIPPANY, N.J., October 22, 2021 – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries, was featured today in Newsweek’s Most Loved Workplaces list for 2021, ranking at #4 among the top 100 companies recognized for employee happiness and satisfaction at work. Wyndham was recognized for its positive work environment by Best Practice Institute (BPI) and Newsweek, who collaborated to identify the top companies where employee sentiment ranked highest.

“People are the heart and soul of our organization, and we strive to create memorable experiences for our team members, owners and guests. Our core values of integrity, accountability, inclusivity, caring and fun, along with Count on Me service promise, drive our growth and inspire our team members,” said Monica Melancon, chief human resource officer, Wyndham Hotels & Resorts. “A key element of our culture is our dedication to helping all team members thrive personally and professionally, which is why we continuously invest in their happiness and professional development, and in turn, attract and retain the best people.”

Through its network of over 798,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. Spanning multiple countries and continents, Wyndham team members are a widespread group of individuals with diverse interests and backgrounds who all come together to further one of the world’s most prominent hotel organizations.

“In the wake of the pandemic, business hit hurdles in terms of retaining and attracting employees – but the companies that made this list are delivering the respect, care, and appreciation that it takes to create a positive workplace that nurtures talent,” said Nancy Cooper, Global Editor in Chief, Newsweek.

Wyndham team members are given one day of paid time-off yearly to volunteer in their communities, and have access to continuing education programs, professional development courses and a large range of affinity business groups. The company offers special recognition programs, virtual learning hours and celebrations, team member discounts and flexible working arrangements — on top of the existing, comprehensive benefits offered to Wyndham team members.

“The best way to determine the strength of a company’s culture is by measuring the degree of love employees feel for their workplace,” said Louis Carter, CEO and Founder of Best Practice Institute and Most Loved Workplace.

Earlier this year, Wyndham was named one of the best places to work in its home state of New Jersey by NJBIZ Magazine and is now recognized as one of the most loved workplaces. Newsweek identified these top 100 companies through employee survey responses, external public ratings, and direct interviews with and written responses from company officials.

The full Newsweek list of 2021’s Most Loved Workplaces will be featured in the magazine’s October 29 print edition. Click here to read more about why Wyndham was selected to the Most Loved Workplaces list.

About Newsweek
Newsweek is the modern global digital news organization built around the iconic, over 85-year-old American magazine. Newsweek reaches 100 million people each month with its thought-provoking news, opinion, images, graphics, and video delivered across a dozen print and digital platforms. Headquartered in New York City, Newsweek also publishes international editions in EMEA and Asia.

About Best Practice Institute
Best Practice Institute is an award-winning leadership and organization development center, benchmark research company, think tank, and solutions provider. BPI is the certifying body for Most Loved Workplace® and conducted the original research to create the model and criteria for becoming a Most Loved Workplace®. BPI’s research proves that Most Loved Workplaces produce 3-4 times better customer service, employee performance, and retention than companies not loved by their employees.

For more information on how to apply to become a 2022 Most Loved Workplace, go to: http://www.mostlovedworkplace.com

Refreshed Wyndham Rewards Earner Card ranked top travel and hotel co-branded credit card

PARSIPPANY, N.J. (October 8, 2021) – For the fourth consecutive year, Wyndham Rewards®, the world’s most generous rewards program spanning more than 50,000 hotels, vacation club resorts and vacation rentals worldwide, has been named the best hotel loyalty program in this year’s USA TODAY 10Best Readers’ Choice Awards. Complementing the win, the newly refreshed Wyndham Rewards Earner® Card was named the best travel and hotel co-branded credit card.

The rankings mark yet another top ranking for Wyndham Rewards this year. In August, the program was named the number one hotel rewards program by U.S. News & World Report while in May, WalletHub named the program its Best Hotel Rewards Program for a sixth consecutive year. Nominees in the USA TODAY 10Best Readers’ Choice Awards are compiled by a panel of industry experts, and winners are chosen based on daily voting from USA TODAY readers over a four-week period.

“We created Wyndham Rewards to celebrate and champion the everyday traveler,” said Lisa Checchio, chief marketing officer, Wyndham Hotels & Resorts. “To have both Wyndham Rewards and our Wyndham Rewards Earner Card be voted number one by readers of USA TODAY is yet another vote of confidence that no other program offers travelers more value, more flexibility or more places to redeem their rewards. Thank you to our 89 million enrolled members, our hotels owners and our strategic partners for making this possible.”

Wyndham Rewards is the only hotel loyalty program to offer members a guaranteed 1,000 points with every qualified stay. Free nights start at just 7,500 points per night, while discounted nights start at 1,500 points plus some cash. The program’s Member Levels (status), which are among the most attainable in travel, allow members to unlock great benefits like a preferred room, late checkout and accelerated earning and more.

Last year, Wyndham Rewards unveiled an updated credit card suite featuring the Wyndham Rewards Earner Card, the Wyndham Rewards Earner Plus Card and the Wyndham Rewards Earner Business Card, the first Wyndham credit card created specifically for small businesses. All three cards amplify rewards earned on the road, as well as everyday purchases, with up to 8x earn on gas purchases and Wyndham hotel stays; up to 5x earn on marketing, advertising and utility purchases (Wyndham Rewards Earner Business Card only); and up to 4x earn on restaurant and grocery purchases. Interested members can learn more at www.wyndhamrewardscreditcard.com.

Forbes Advisor named the Wyndham Rewards Earner Business Card to two of its “Best of 2021” lists, declaring the card “Best for Road Warriors.” Meanwhile, the Wyndham Rewards Earner Card was named “Best for Road Trips” on the publication’s list of “Best Hotel Rewards Credit Cards.”

Wyndham and its hotels continue to offer flexible booking policies, enhanced health and safety protocols through Count on Us®, and mobile check-in and checkout through Wyndham’s award-winning mobile app. In addition, Wyndham Rewards members continue to enjoy an extension of current member benefits and paused points expiration through the end of this year.

To learn more about Wyndham Rewards, or to join for free, visit www.wyndhamrewards.com. For more information about the USA TODAY 10Best Readers’ Choice Awards, visit www.10best.com.

About Wyndham Rewards
Named the number one hotel rewards program by U.S. News & World Report and readers of USA TODAY, Wyndham Rewards® is the world’s most generous rewards program with more than 50,000 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 range of rewards, including free nights at approximately 9,000 hotels or tens of thousands of vacation club resorts and vacation rentals globally through affiliation with Wyndham Destinations and others. Wyndham Rewards has 89 million enrolled members around the globe. Join for free today at www.wyndhamrewards.com. You’ve earned this.®

Wyndham’s 22nd Brand Debuts with Two Beachfront Resorts in Cancun and Playa Del Carmen, with More Resorts to Follow

PARSIPPANY, N.J. – (Oct. 5, 2021) – Wyndham Hotels & Resorts (NYSE: WH), the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries, and Playa Hotels & Resorts (NYSE: PLYA), a leading owner, operator and developer of all-inclusive resorts in popular vacation destination in Mexico and the Caribbean, announced today the launch of a new all-inclusive resort brand, Wyndham Alltra. The announcement marks Wyndham’s 22^nd brand and its first dedicated entirely to the fast-growing, all-inclusive segment. In conjunction with the brand launch, Wyndham begins a strategic alliance with Playa Hotels & Resorts, leveraging Wyndham’s unparalleled ability to drive sales, marketing and distribution in the economy, midscale and upscale segments via its 89 million enrolled Wyndham Rewards Members and distinct Everyday Travelers, combined with Playa’s ability to provide a best in class hospitality experience and exceptional value to guests.

The new brand’s name “Alltra” is born from the brand promise of “All-Inclusive Travel for All,” keeping with Wyndham’s mission of delivering exceptional experiences to the everyday traveler. Wyndham Alltra creates an all-inclusive resort experience that is distinct to the upper-midscale segment, offering upscale food and beverage, services, amenities and activities with an expressive local flavor at an exceptional value. The brand will feature both family-friendly and adults-only resorts in the Caribbean and other resort destinations.

The first two resorts to debut under the Wyndham Alltra brand are Playa’s 458 room Wyndham Alltra Cancun located in the heart of the Hotel zone with its 10 upscale restaurants , bars, lounges and pools, and the 287 room Wyndham Alltra Playa del Carmen in the heart of Playa Del Carmen featuring unlimited gourmet dining just steps from Fifth Avenue with its bars, restaurants and high-end shops. Currently undergoing renovations, both resorts remain open and are scheduled to complete renovations and become Wyndham Alltra resorts in time for the holidays in December, 2021. The two resorts will mark the first of many properties to be developed under the strategic alliance between Wyndham and Playa in the upper-midscale, all-inclusive resort sector in the Caribbean and Mexico that Playa currently operates in.

“Wyndham Alltra will introduce many of our over 150 million annual guests to our first all-inclusive brand,” said Geoffrey A. Ballotti, president and chief executive officer of Wyndham Hotels & Resorts. “Partnering with a leading owner, operator and developer of all-inclusive resorts in prime beachfront locations, will create immediate access for our customers and our over 80 million Wyndham Rewards members to a fabulous, all-inclusive guest experience – members who will be able to redeem their Wyndham Rewards points for a new all-inclusive vacation experience at Wyndham Alltra resorts, and earn points for their stays.”

“Today’s announcement combines Wyndham’s robust distribution capabilities and award-winning loyalty program with our highly acclaimed all-inclusive expertise. Together, we are launching a new experience in the upper-midscale resort segment to reach more first-time all-inclusive guests,” said Bruce Wardinski, chairman and chief executive officer, Playa Hotels & Resorts.

Details about first two Playa properties to become Wyndham Alltra resorts:

Wyndham Alltra Cancun, All-Inclusive Resort – Guests can enjoy the ultimate all-inclusive vacation on Mexico’s Yucatan Peninsula with a stay at Wyndham Alltra Cancun. Situated in the heart of the lively Hotel Zone, our sprawling beachfront resort is the perfect escape for families, couples, and group gatherings. From the moment guests arrive, they’ll be transported to paradise with more than 10 incredible restaurants, bars and lounges, multiple pools, and a host of included activities ranging from yoga classes to tequila tastings. Kids of all ages will love our pirate-themed splash park, waterslides, and mini-golf course, while teens can spend afternoons and evenings in our #Hashtag hangout room. Throughout their stay, guests can keep up with their workout routine in a state-of-the-art fitness center or with one of our many group fitness classes—and be sure to make time for indulgent treatments and the complimentary hydrotherapy area at Aura Spa. Just 21 kilometers (13 miles) from Cancun International Airport (CUN), our picture-perfect resort is close to ancient Mayan ruins, lively nightlife in downtown Cancun, and so much more. Each of our contemporary suites is appointed with everything a guest needs to unwind—from fully stocked minibars to terraces with incredible views of the Caribbean Sea. If celebrating a wedding or planning a business meeting, guests can host a memorable gathering with customizable all-inclusive packages in one of our outdoor or indoor venues.

Wyndham Alltra Playa del Carmen, Adults Only All Inclusive – Guests revel in an adults-only paradise along the idyllic Riviera Maya, steps from a breathtaking beach, fantastic shopping along 5th Avenue, and vibrant nightlife. Just 55 kilometers (34 miles) from Cancun International Airport (CUN), Wyndham Alltra Playa del Carmen, Adults Only All Inclusive offers the ultimate carefree vacation with unlimited gourmet dining and creative cocktails as well as a state-of-the-art fitness center, daily activities like beachfront yoga and aqua aerobics, and nightly entertainment. Guests can take a dip in the sparkling Olympic-size pool overlooking the Caribbean Sea, enjoy a leisurely stroll along the warm white sand, or get pampered at the full-service spa and salon. After a day of sunning, shopping, or sightseeing, guests will love retreating to one of our 287 non-smoking rooms and suites, featuring a balcony or terrace for savoring the sunset and thoughtful conveniences like a fully stocked minibar, complimentary bath products, and free WiFi. If guests want to book an excursion to Cozumel or snag a table at the hottest club, our friendly, multilingual staff are always on standby to ensure they have the vacation they have ’ve been dreaming about.

Wyndham Alltra is designed to make it easier for the everyday traveler to find truly outstanding all-inclusive hotel experiences outside of the current upscale and luxury options. This will provide an opportunity for hotel developers, owners, and investors to welcome new customers to all-inclusive hotels with unmatched support from Wyndham. The brand invites hoteliers to take advantage of Wyndham’s scale, distribution, services and loyalty program through this new all-inclusive brand.

Interested in making a reservation at a Wyndham Alltra? Wyndham Rewards members who make a reservation between Oct. 6 and Nov. 30, 2021 and complete their stay by Jan. 18, 2022 will enjoy a complimentary upgrade during their stay including a choice during their stay of either a 50-minute spa experience, beach cabana or other amazing on property experiences. Visit here to get started on your next vacation. Interested in developing a hotel? Get in touch here with our development team to learn more.

About Playa Hotels & Resorts N.V.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA, “Playa”) is a leading owner, operator and developer of all-inclusive resorts in prime beachfront locations in popular vacation destinations in Mexico and the Caribbean. Playa owns and/or manages a total portfolio consisting of 22 resorts (8,366 rooms) located in Mexico, Jamaica, and the Dominican Republic. Playa leverages years of all-inclusive resort operating expertise and relationships with globally recognized hospitality brands to provide a best in class experience and exceptional value to our guests, while building a direct relationship to improve customer acquisition cost and drive repeat business. Playa owns and manages 15 resorts (6,004 rooms) located throughout Mexico, Jamaica and the Dominican Republic. Playa also owns two resorts in the Dominican Republic that are managed by a third party and manages five resorts on behalf of third-party owners. For more information, please visit www.playaresorts.com.

About Wyndham Alltra
Wyndham Alltra is All-Inclusive, All for you. The ultimate carefree vacation awaits with everything you’ve been daydreaming of all in one place. From exciting eats and refreshing cocktails to live entertainment and non-stop activities, picture-perfect beaches to inviting pools, we’ve got something for everyone. It’s the moment you’ve been waiting for. Put on your out of office. Take off to Wyndham Alltra. Book your next stay at www.wyndhamalltra.com or visit www.wyndhamdevelopment.com to learn more about all-inclusive development opportunities.

(a) Does not include any impact from the planned sale of the Company’s two owned hotels.

(b) Net income was $244 million and $157 million for the years ended December 31, 2021 and 2019, respectively. Reconciliation can be found in the Table 7.

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^(a) Does not include any impact from the planned sale of the Company’s two owned hotels.

^(b) Net income was $244 million and $157 million for the years ended December 31, 2021 and 2019, respectively. Reconciliation can be found in the Table 7.