Wyndham Hotels & Resorts Archives

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%.

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 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.

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.

Leading Global Hotel Company Honored for the Second Year in a Row for its Organizational Culture, Environment, Flexibility and Opportunities

PARSIPPANY, N.J., September 14, 2021 – Wyndham Hotels & Resorts has been named among the Best Places to Work in New Jersey by NJ Biz Magazine, for the second year in a row. This prestigious annual list recognizes the top places of employment in New Jersey that benefit the state’s economy, its workforce and its businesses.

“Our core values of integrity, accountability, inclusivity, caring and fun, as well as our Count on Me service culture are at the heart of what drives our growth and inspires the memorable experiences we create for our team members, owners and guests,” said Monica Melancon, chief human resource officer, Wyndham Hotels & Resorts. “As a result of this dedicated commitment to creating a distinctive work environment for our team members, we attract the best people, which enriches our organization and leads to our success.”

With approximately 9,000 hotels across nearly 95 countries on six continents, Wyndham Hotels & Resorts is the world’s largest hotel franchising company by the number of properties. Wyndham is committed to operating its business in a way that is socially, ethically and environmentally responsible. 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. Wyndham Hotels & Resorts is represented in the Garden State with its global headquarters in Parsippany as well as a portfolio of company-managed and independently owned and operated franchised hotels.

Team members are provided paid time-off each year to volunteer in their communities. The Company also offers career development opportunities, including continuing education reimbursement, professional development courses and a wide range of affinity business groups. In addition to comprehensive benefits, there are special recognition programs, regular virtual learning hours and celebrations, team member discounts and flexible work arrangements. The Company also provides low and no-cost health and wellness programs, including in its Parsippany offices, access to a full-time nurse practitioner.

In response to the COVID-19 pandemic and the current work-from-home environment, Wyndham Hotels & Resorts introduced year-round “Summer Fridays,” encouraging team members to stop working at 1 p.m. on Fridays and enjoy a long weekend. Additionally, the Company introduced monthly Team Member Appreciation Days, closing the virtual office for a long weekend once a month, beginning at 3 p.m. on a Thursday, through the weekend.

Additional amenities offered at the Parsippany Campus include an on-site fitness center; an expansive, serene courtyard for team members to enjoy lunch; and various outdoor events, a credit union, coffee barista and cafeteria. Additionally, post-pandemic the company expects to return to a sprawling walking trail that surrounds the campus to promote wellness, and features a community garden, created and managed by team member volunteers who harvest fresh vegetables for donation to local food pantries.

Produced by NJBIZ and managed by Best Companies Group (BCG), the survey included evaluating each nominated company’s workplace policies, practices, philosophy, systems and demographics in addition to an associate survey to measure associate experience. The combined scores determined the top companies and the final ranking.

Program recognized for its top-tier destinations, robust award availability and attainable rewards

PARSIPPANY, N.J. (August 31, 2021) – Wyndham Rewards®, the world’s most generous rewards program spanning more than 50,000 hotels, vacation club resorts and vacation rentals, today announced it has been named the number one hotel loyalty program by U.S. News & World Report’s annual ranking of the Best Travel Rewards Programs.

The ranking marks the sixth consecutive year that U.S News has named Wyndham Rewards to one of its top spots and adds to a growing list of accolades secured by the program. Earlier this year, Wallethub named Wyndham Rewards its Best Hotel Rewards Program for a sixth consecutive year, highlighting the program’s advantage of giving travelers back more in rewards for their spend than other comparable programs. In addition, for the past three years, USA TODAY readers have named Wyndham Rewards their number one hotel rewards program as part of the USA Today 10Best Readers’ Choice Awards.

“Wyndham Rewards is about championing the everyday traveler and fulfilling Wyndham’s mission of making hotel travel possible for all,” said Lisa Checchio, chief marketing officer, Wyndham Hotels & Resorts. “We put our 89 million enrolled members at the heart of all that we do and are proud to have a program that continues to deliver more value, flexibility and redemption options than any other program in the travel industry. We’re thrilled to see Wyndham Rewards recognized in this way and are incredibly grateful to our hotel owners and strategic travel partners, without whom, none of this would be possible.”

U.S. News evaluated 15 of the most prominent hotel loyalty programs offering the most rewarding perks for everyday travelers. The publication selected the top rewards programs for everyday travelers using a methodology weighing five components: network size, property diversity, geographic coverage, added benefits and ease of earning a free night. This year, U.S. News also considered reward program flexibility for members in response to the coronavirus pandemic.

To learn more, or to join Wyndham Rewards, visit www.wyndhamrewards.com.

GREENSBORO, N.C. (August 10, 2021) – Wyndham Rewards®, the world’s most generous rewards program spanning more than 50,000 hotels, vacation club resorts and vacation rentals, returns to Sedgefield Country Club this week as proud title sponsor of the 82^nd annual Wyndham Championship.

Regarded as one of the most fan-friendly stops on the PGA TOUR, this year’s tournament welcomes fans back to the Piedmont Triad for the first time since 2019. In celebration, Wyndham Rewards is making this year’s Championship even more rewarding, putting up to 100 million Wyndham Rewards points up for grabs and offering in-person attendees the chance to walk away with up to 15,000 Wyndham Rewards points each, enough for a weekend getaway at thousands of hotels coast to coast.

“Last year was a reminder for all of us of the important role that both travel and live events play in our everyday lives,” said Eliot Hamlisch, EVP of Loyalty and Wyndham Rewards program leader. “With that in mind, we couldn’t be more excited to be back with fans at Sedgefield. With fantastic food, incredible giveaways, live entertainment and of course, great championship golf, this year’s tournament is all about welcoming fans back and letting each attendee know—you’ve earned this.”

Welcome to Points Paradise
Broadcasting once again on Golf Channel and CBS, this year’s Wyndham Championship will transport fans to a tropical, vacation-themed oasis. Signature course elements like Club Wyndham Beach and the tournament’s iconic sand sculpture are back and joined by fan favorite spots like Margaritaville at the Wyndham, the Wyndham Rewards Earner® Card Club, the USO Patriots Outpost and more.

New to the on-course fan experience this year is the Wyndham Rewards Points Paradise Pavilion. Thursday through Sunday, fans are invited to participate in a four-day interactive digital scavenger hunt that will have them searching course grounds for Wyndham Rewards branded QR codes. Using their mobile phones, they’ll scan each code they find, unlocking Wyndham Rewards points along the way. The more codes they scan, the more points they’ll unlock—up to a four-day total of 15,000 points. Kids accompanied by a parent or legal guardian are invited to play as well for a chance to win instant prizes.

At-home fans in the U.S. can also get in on the fun by participating in the tournament’s new watch and win experience, with a chance to earn up to a total of 3,000 Wyndham Rewards points over four days, enough for up to two go fast awards. Following each full day of tournament play, a Question of the Day centering on the tournament will be posted online at https://wynpointsparadise.com/trivia at approximately 4 p.m. ET. The first 5,000 at-home fans to log on and answer correctly, subject to verification, will earn 750 Wyndham Rewards points for that day. No purchase is necessary to enter or win.*

Millions of points will be available to claim each day for both of the above activations and fans must be members of Wyndham Rewards, which is free-to-join, to claim any earned rewards. Winners will be notified approximately 7-10 days post tournament and points must be claimed by October 31, 2021.

Two Leading Travel Companies, One Award-Winning Rewards Program
The proud title sponsor of the Wyndham Championship since 2018, Wyndham Rewards is the blue thread that ties together the global portfolios of two of the world’s largest travel companies: Wyndham Hotels & Resorts, the world’s largest hotel franchising company and Wyndham Destinations, the world’s largest vacation ownership business, now part of Travel + Leisure Co.

Consistently recognized by readers of USA TODAY as the number one hotel rewards program, no matter where or how you travel, Wyndham Rewards helps make those travels more rewarding. Members earn a guaranteed 1,000 points with every qualified stay and can redeem free nights at tens of thousands of hotels, vacation club resorts and vacation rentals around the world or a host of other rewards like tours, activities, gas discounts, gift cards, shopping and more.

Added Hamlisch, “From weekend road trips to week-long getaways and everything in between, Wyndham Rewards makes it easy to visit the people and places you love. Plus, with tens of thousands of hotels, vacation club resorts and vacation rentals, wherever you want to go, chances are, there’s a Wyndham waiting to welcome you.”

Wyndham Championship Fore! Good
Creating positive impact in the community is a hallmark of the Wyndham Championship, and Wyndham Championship Fore! Good—the tournament’s signature philanthropic platform—helps give back to worthy causes in central North Carolina and beyond.

This year, in support of Wyndham Championship Fore! Good, when a PGA TOUR golfer makes birdie or better on holes 15, 16 or 17 during the third and fourth rounds on Saturday and Sunday, Wyndham Rewards will donate $500 to one of the Championship’s signature charities via “Birdies Fore Backpacks.” In addition, Thursday through Sunday, should a PGA TOUR golfer make a hole-in-one on hole 16, Wyndham Rewards will donate an additional one million Wyndham Rewards points to the preferred Championship charity of the player’s choosing.

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 region of North Carolina. Backpacks are packed with nutritionally-sound meals, which families take home every weekend. Just $5 can feed one child for a weekend while $150 can feed a child for a school year. Since its creation in 2014, the program has provided more than 590,000 meals to thousands of local families.

The Wyndham Championship opens to the public tomorrow, August 11 and runs through Sunday, August 15. Teachers, first responders and members of the military are invited to attend for free along with a guest. To learn more, or to purchase tickets, visit www.wyndhamchampionship.com.

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 Truist 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.

About Wyndham Rewards
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 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.®

About Wyndham Destinations
Wyndham Destinations is the world’s largest vacation ownership business operating more than 245 vacation club resorts around the world that offer a contemporary take on the timeshare model. The brand portfolio – featuring Club Wyndham®, WorldMark® by Wyndham, Margaritaville Vacation Club® by Wyndham, and Shell Vacations Club – offers travelers the chance to own their vacation and explore places they’ve never visited before, year after year. More than 850,000 owners enjoy stays in a home away from home, featuring spacious suites with separate bedrooms, fully-equipped kitchens, living and dining areas, as well as resort-style amenities and services. Learn more at WyndhamDestinations.com.

*No purchase necessary to enter or win: Sweepstakes open to legal residents of the 50 United States and the District of Columbia who are at least 18 years of age (19 in Alabama and Nebraska, 21 in Mississippi) at time of entry. Sweepstakes commences at 4:00 PM ET on 8/12/21 and ends at 3:59:59 PM ET on 8/16/21. Subject to Official Rules at https://wynpointsparadise.com/trivia. Odds of winning depend on number of eligible entries received. All points must be claimed by 10/31/21. Sponsor: Wyndham Hotel Group, LLC, 22 Sylvan Way, Parsippany, NJ 07054. This Promotion is not offered or sponsored in any way by the Professional Golf Association, Inc. (“PGA”), PGA TOUR, Inc. or PGA TOUR Licensed Property, Inc. Void outside of the 50 United States and the District of Columbia and where prohibited by law.

PARSIPPANY, N.J. (August 4, 2021) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries, announced a new program, “Women Own the Room” designed to advance and empower female entrepreneurs who are interested in hotel ownership. Wyndham’s Women Own the Room program is intended to be a resource to help overcome common barriers women face in hotel development and to help them effectively open and run their hotels. The program is built on the pillars of:

Delivering comprehensive financial solutions
Offering personalized operational guidance and support
Establishing an inclusive community for networking and education

“As the hotel industry resets and recovers from one of the most difficult periods in its history, we all have a unique opportunity to help advance and champion diversity in hospitality to help our industry prosper. At Wyndham – where diversity, equity, and inclusion are key cornerstones of our culture – we recognize the chance to do our part by helping to open more doors for women in our industry,” said Chip Ohlsson, chief development officer, Wyndham Hotels & Resorts.

Commencing this fall, Wyndham will launch a series of events with topics to include:

Why the time is right for women to get into hotel development
How to select sites and perform feasibility assessments
Guidance and tips on securing financing for your hotel
Personal stories of female hotel developers that successfully broke the mold

“Wyndham is also committed to helping female owners secure financing through our network of debt and equity partners and will continue to explore and implement new and creative ways to support female hoteliers through the use of our balance sheet,” said Michele Allen, chief financial officer, Wyndham Hotels & Resorts.

Together with these educational and networking events and commitment to use its balance sheet to support women hotel owners, Wyndham is also launching a development incentive program that will provide meaningful Wyndham financing, plus complimentary or expanded first-year operating services to support the success of hotels developed by women.

“Introducing more women entrepreneurs to hotel ownership is great for women, and great for our industry. Our industry is stronger with a variety of people that bring varying backgrounds and points of view. Programs like this move the industry forward,” said Rosanna Maietta, President & CEO, American Hotel and Lodging Foundation.

Wyndham strives to maintain a culture of diversity, equity and inclusion across its organization, and the launch of this program to introduce more women to the hotel industry is a natural extension. For the third year in a row, the company received a perfect score on the Human Rights Campaign’s Equality Index, designating Wyndham for leading in equality. The company was also named by DiversityInc as a noteworthy company for two consecutive years for its commitment to diversity and inclusion.

Considering developing a hotel? Get in touch to learn more here. To get involved and stay up-to-date on Women Own the Room’s upcoming events, sign up here.

Company Increases Quarterly Dividend 50% and Provides Full Year 2021 Outlook

PARSIPPANY, N.J. (July 28, 2021) – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended June 30, 2021. Highlights include:

Second quarter diluted earnings per share was $0.73 compared to diluted loss per share of $1.86 in second quarter 2020; second quarter adjusted diluted EPS was $0.95 compared to adjusted diluted EPS of $0.10 in second quarter 2020.
Second quarter net income was $68 million compared to a net loss of $174 million in second quarter 2020; second quarter adjusted net income was $89 million compared to adjusted net income of $9 million in second quarter 2020.
Second quarter adjusted EBITDA was $168 million compared to adjusted EBITDA of $66 million in second quarter 2020.
Second quarter net cash provided by operating activities was $116 million and free cash flow was $104 million compared to net cash used in operating activities of $57 million and free cash flow of $(68) million in second quarter 2020.
Global RevPAR increased 110% compared to second quarter 2020 and declined 17% compared to second quarter 2019 in constant currency.
Paid quarterly cash dividend of $0.16 per share in second quarter and Board of Directors recently authorized a 50% increase in the quarterly cash dividend to $0.24 per share beginning with the dividend expected to be declared in third quarter 2021.
Company provides full-year 2021 outlook.

“With continued increasing demand from our leisure and everyday business travelers, our select-service franchise business model generated another strong quarter of adjusted EBITDA and cash flow, allowing us to increase our dividend by 50%,” said Geoffrey A. Ballotti, president and chief executive officer. “Our brands continue to capture market share gains above pre-pandemic levels, while our economy brands here in the U.S. actually exceeded 2019 RevPAR for the quarter. We opened over 70% more rooms than we did last year while growing our development pipeline by 6% vs. prior year, and by 2% sequentially – to over 190,000 rooms. We are extremely proud of all that our team members around the world have achieved, as they remain focused on delivering exceptional value for our owners, guests and shareholders.”

Fee-related and other revenues increased 67% to $321 million, compared to $192 million in the second quarter of 2020 primarily reflecting the ongoing recovery in travel demand and its impact on global RevPAR, which has now recovered to 83% of 2019 levels, including domestic RevPAR at 95% of 2019 levels.

The Company generated net income of $68 million, or $0.73 per diluted share, compared to a net loss of $174 million, or $1.86 loss per diluted share, in the second quarter of 2020. The increase of $242 million, or $2.59 per diluted share, reflects: the ongoing recovery in travel demand; a $10 million, or $0.11 per diluted share, after-tax benefit from the marketing fund related to timing; and the absence of $176 million, or $1.89 per diluted share, after-tax of special-item charges incurred during second quarter 2020. These results were partially offset by a $14 million, or $0.15 per diluted share, after-tax impact in 2021 related to the early extinguishment of the Company’s 5.375% senior unsecured notes.

The following discussion of second 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

During the first half of 2021, the Company’s global system grew 30 basis points primarily reflecting continued growth in the Company’s direct-franchising business in China. This was partially offset by the anticipated decline in domestic system size as conversion and new construction activities continue to ramp-up following the pandemic and recent supply chain delays. Year-to-date deletions ran 27% below 2019 levels putting the Company solidly on track with its goal of achieving a 95% retention rate for the full year 2021.

RevPAR

Business Segment Results

Hotel Franchising revenues increased 55% year-over-year to $283 million, primarily reflecting the global RevPAR increase. Adjusted EBITDA increased 93% to $166 million as the growth in revenues and the timing benefit from the marketing fund was partially offset by higher volume-related expenses.

Hotel Management revenues increased 62% year-over-year to $123 million, reflecting a $19 million increase in cost-reimbursement revenues, which have no impact on adjusted EBITDA. Absent cost-reimbursements, Hotel Management revenues increased 280% to $38 million, primarily due to the global RevPAR increase, as well as improved performance at the Company’s owned hotels and incremental management contract termination fees resulting from the sale of CorePoint Lodging properties. Hotel Management adjusted EBITDA increased $20 million year-over-year reflecting the revenue increases, partially offset by higher volume-related expenses.

During the second quarter 2021, the Company’s marketing fund revenues exceeded expenses by $14 million; while in second quarter 2020, the Company’s marketing fund expenses exceeded revenues by $3 million. While the Company does not expect the marketing fund to have a significant impact on full year 2021 adjusted EBITDA, there may continue to be timing differences in quarterly comparisons.

Development
The Company awarded 154 new contracts this quarter compared to 116 in second quarter 2020 and 173 in second quarter 2019. On June 30, 2021, the Company’s global development pipeline consisted of over 1,400 hotels and over 190,000 rooms. The pipeline grew 580 basis points year-over-year and 170 basis points sequentially – including 70 basis points domestically and 230 basis points internationally. Approximately 64% of the Company’s development pipeline is international and 74% is new construction, of which approximately 34% has broken ground.

Cash and Liquidity
The Company generated $116 million of net cash provided by operating activities in the second quarter of 2021 compared to net cash used in operating activities of $57 million in second quarter 2020. Free cash flow increased $172 million year-over-year as the Company generated free cash flow of $104 million in the second quarter of 2021 compared to using $68 million in the second quarter 2020 (which included $33 million of special-item cash outlays).

At June 30, 2021, the Company had $103 million of cash on its balance sheet and approximately $840 million in total liquidity.

Dividends
The Company paid common stock dividends of $15 million, or $0.16 per share, in the second quarter of 2021.

The Company’s Board of Directors authorized a 50% increase in the quarterly cash dividend to $0.24 per share from $0.16 per share, beginning with the dividend that is expected to be declared in third quarter 2021.

2021 Outlook
The Company provided the following outlook for full-year 2021:

Fee-related and other revenues of $1.16 billion to $1.19 billion.
Adjusted net income of $244 million to $254 million.
Adjusted EBITDA of $525 million to $535 million.
Adjusted diluted EPS of $2.60 to $2.70, based on an adjusted diluted share count of 94.0 million that excludes any future share repurchases.
Rooms growth of 1% to 2%.
A RevPAR increase of approximately 40% versus 2020, or a decline of approximately 16% compared to 2019.
Free cash conversion from Adjusted EBITDA of approximately 55%.

More detailed projections are available in Table 8 of this press release. Outlook assumes continued recovery in travel demand in the second half of 2021. 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 Thursday, July 29, 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 July 29, 2021. A telephone replay will be available for approximately ten days beginning at noon ET on July 29, 2021 at 800 757-4761.

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 nearly 95 countries on six continents. Through its network of approximately 798,000 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 21 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 89 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 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 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 Wyndham Hotels 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 Wyndham Hotels 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 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 in any recovery from 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; concerns with or threats of pandemics, contagious diseases or health epidemics, including the effects of COVID-19 and any resurgence or mutations of the virus and actions governments, businesses and individuals take in response to the pandemic, including stay-in-place directives and other travel restrictions; risks related to restructuring or strategic initiatives; risks related to the Company’s relationship with CorePoint Lodging; 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 as a result of COVID-19; 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.

Contacts

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

Media:
Dave DeCecco
Group Vice President, Global Communications
973 753-6590
[email protected]

As travel returns, Wyndham Rewards members can earn a free night with every two-night stay

In celebration of summer, Wyndham Hotels & Resorts is giving Wyndham Rewards members the chance to earn a free night on every two-night stay, up to a total of three free nights.

PARSIPPANY, N.J. (June 7, 2021) – Amid a resurgence of travel, Wyndham Hotels & Resorts, the world’s largest hotel franchising company with over 8,900 hotels across nearly 95 countries, is inviting travelers to get away this summer with its “Stay Two Nights, Earn a Free Night” promotion, in which Wyndham Rewards members can earn up to three free nights.

“Enthusiasm for travel is shifting into high gear, with eager travelers mapping out a summer full of bucket-list getaways, weekend road trips and everything in between,” said Eliot Hamlisch, EVP, Loyalty and Revenue Optimization at Wyndham Hotels & Resorts. “As they do, they can count on Wyndham and our hotels to be ready to welcome them back, reuniting them with their family members, colleagues and friends.”

Through Wyndham’s Stay Two Nights, Earn a Free Night promotion, Wyndham Rewards members who book direct and stay two consecutive nights or more can earn 6,500 bonus points upon completion of their stay. Bonus points, combined with the minimum 1,000 base points members earn on their qualified stays, equates to a free night in the form of 7,500 points. Members can take advantage of this promotion up to three times for a total of three free nights. Stays must be booked directly through Wyndham Rewards by September 2, 2021 and must be completed by September 6, 2021. Direct booking options include, among others, the Wyndham Hotels & Resorts mobile app, WyndhamRewards.com or calling any participating Wyndham Rewards hotel. Signing up for Wyndham Rewards is easy and non-members can quickly enroll as part of the booking process.

With thousands of hotels across a range of price points and destinations, Wyndham is ready to welcome travelers back this summer. 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. Learn more at www.wyndhamhotels.com/COVID-19.

About Wyndham Rewards
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 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 wide range of rewards, including free nights at over 8,900 hotels or thousands of vacation club resorts and vacation rentals globally through affiliation with Wyndham Destinations and others. Wyndham Rewards has 87 million enrolled members around the globe. Join for free today at www.wyndhamrewards.com. You’ve earned this.

About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with over 8,900 hotels across nearly 95 countries on six continents. Through its network of approximately 797,000 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 21 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 87 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.

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