PARSIPPANY, N.J. – December 3, 2019 – Wyndham Hotels & Resorts (NYSE: WH) today announced that David B. Wyshner has decided to step down as Chief Financial Officer, effective immediately, and move into a senior advisory role reporting to President and Chief Executive Officer Geoff Ballotti until March 1, 2020.
“As the CFO of Wyndham Worldwide and later Wyndham Hotels & Resorts, David was absolutely instrumental in the divestiture of our European Vacation Rentals Business, the acquisition of La Quinta Holdings, our spin-off from our parent company, establishing a new Finance leadership team and setting us up for the future. We are sincerely grateful for all that David has done to transition our new company for success,” said Mr. Ballotti.
“I thank my colleagues at Wyndham. It has been a pleasure to work with one of the best leadership teams in the industry,” said Mr. Wyshner. “I have enjoyed our teamwork, our culture and our many successes and see this as the right time for me personally to make this transition from the job I was brought in to do back in 2017.”
The Company also today announced the promotion of its Treasurer and Executive Vice President, Michele Allen, to succeed Mr. Wyshner as CFO, effective immediately. Ms. Allen, who began her career at Deloitte & Touche, is a 20-year veteran of Wyndham Hotels, Wyndham Worldwide and Cendant Corporation – having been the global Senior Vice President of Finance and Controller for the former Wyndham Hotel Group, and Senior Vice President of Finance for Wyndham Worldwide. Since the spin-off, she has played a critical role in developing the leadership talent of our Finance organization, while helping to drive our first six quarters of consistent execution as a new public company.
Mr. Ballotti commented, “Michele is an exceptional leader whom I’ve had the pleasure to work alongside for over a decade. Her readiness to assume this role was part of our Board’s ongoing succession planning process. She personally knows our leadership teams around the world and understands this business inside-out. I am confident she will hit the ground running with the full support of our team here in New Jersey and around the world.”
The Company further announced the appointment of its Deputy Treasurer, Barry Goldschmidt, to Treasurer.
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with over 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 822,000 rooms appealing to the everyday traveller, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers over 79 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.
World’s largest hotel franchising company bolsters brand offering through new openings across the region
MOSCOW – 26th November 2019 – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with over 9,200 hotels and 20 brands across more than 80 countries, continues to grow its international portfolio of hotels, with plans to open 15 new hotels in Russia and neighbouring countries within the next two years. This expansion will significantly boost Wyndham Hotels & Resorts’ footprint in the region, reaching 35 operational hotels and over 5,700 rooms by 2021 across a number of key markets including Russia, Georgia, Kyrgyzstan, Armenia, Kazakhstan and Uzbekistan.
Georgia
Wyndham’s ambitious growth plan in the region will see the addition of seven new hotels and over 1,300 rooms in Georgia alone. The new openings will further grow the Company’s current presence in Tbilisi, and Batumi, with the addition of new destinations in Kutaisi and Goderdzi, including a mountain ski resort in the south of the country. Since entering Georgia in 2016 with just one hotel, Wyndham has gained strong momentum in the market, with the introduction of Wyndham Grand® and Ramada Encore® by Wyndham in Tbilisi. Overall, the Company has plans to reach 10 hotels in the next two years across a range of hotel brands and segments, including Wyndham Garden®, Ramada® and TRYP® by Wyndham, as well as the design-focused economy brand Super 8® by Wyndham.
Russia
Growth plans for Russia will see the continued expansion of the Ramada by Wyndham brand with a new hotel in Kislovodsk next year, adding to a strong portfolio of six Ramada by Wyndham hotels across the country. In addition, Wyndham will launch the Ramada Encore by Wyndham brand in the market, with a new construction hotel in Yekaterinburg in 2020, and an additional opening in St. Petersburg by 2025.
Kazakhstan and Uzbekistan
Furthermore, Wyndham Hotels & Resorts is continuing solid growth in Kazakhstan with the addition of two hotels in the resort village of Burabay and in the city of Shymkent in 2020. Other upcoming additions will include new hotels in Uzbekistan’s capital Tashkent and the historic city Bukhara.
Dimitris Manikis, President and Managing Director, Wyndham Hotels & Resorts, EMEA, said: “From thriving cities to captivating landscapes, this region provides an attractive variety of opportunities for our industry, and we are incredibly proud of our presence in these markets. With a wealth of emerging destinations yet to be discovered, and an increase in international as well as domestic arrivals, we see a lot of potential in the region. Our expansion plan is closely aligned to our vision to make hotel travel possible for all, not only to meet an increasing demand for high-quality accommodation, but also to suit any traveller’s needs, wherever and however they want to travel across the region.”
Some of the latest openings in the region include:
Ramada by Wyndham Bishkek Centre, Kyrgyzstan – Located in Kyrgyzstan’s capital and largest city, Bishkek, the hotel opened in July 2019, marking Wyndham’s first hotel in the country. The hotel provides guest with modern accommodation in downtown Bishkek, close to the State Historical Museum and other attractions, and various facilities including three restaurants and bars.
Wyndham Grand Tbilisi, Georgia– Nestled in the city of Tbilisi with tourist and local attractions all within a short walking distance, the hotel opened in May 2019 and offers 158 stylish guest rooms and suites. It boasts five well-equipped conference spaces as well as a relaxing lounge bar and three restaurants. The hotel’s lobby features a bespoke 22-metre chandelier and ballroom with breath-taking views of city, making it an ideal space for upscale events.
Ramada by Wyndham Yerevan, Armenia– Wyndham Hotels & Resorts’ first hotel in Armenia, the hotel opened in April 2019 and is located close to Republic Square, with panoramic views of Mount Ararat and the scenic city centre of Yerevan. The 202-room hotel features four designed meeting rooms, a fitness centre, sauna and hammam.
Some of the upcoming openings in the region include:
Ramada Encore by Wyndham Yekaterinburg, Russia – The first Ramada Encore by Wyndham hotel in Russia, the hotel is expected to open in November 2020 and will be part of a mixed-use complex including a shopping mall and a multi-purpose conference centre. The 214-room hotel will provide a conference hall, a fitness centre, varied F&B outlets, a lounge area, as well as a large parking space, all in a prime location with easy access to the railway station, Yekaterinbur’s business district and its historic centre.
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with over 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 822,000 rooms appealing to the everyday traveller, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award- winning Wyndham Rewards loyalty programme offers over 79 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com. If you are interested in developing a Wyndham hotel, please visit https://whrdevelopmentemea.com/
Will Host Conference Call and Webcast at 8:30 a.m. ET
PARSIPPANY, N.J., Oct. 7, 2019 — Wyndham Hotels & Resorts (NYSE: WH) announced today that it will report third quarter 2019 results on Tuesday, October 29, 2019. Geoff Ballotti, president and chief executive officer, and David Wyshner, chief financial officer, will host a call with investors at 8:30 a.m. ET that morning to discuss the Company’s results and business outlook.
Listeners can access the webcast live through the Company’s website at www.investor.wyndhamhotels.com. The conference call may also be accessed by calling 877 876-9174 and providing the passcode “Wyndham.” Listeners are urged to call at least five minutes prior to the scheduled start time. An archive of this webcast will be available on the website for approximately 90 days beginning at noon ET on October 29, 2019. A telephone replay will be available for approximately ten days beginning at noon ET on October 29, 2019 at 800 283-4799.
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 817,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers over 77 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
World’s largest hotel franchising company highlights efforts to elevate brands, serve owners, drive global growth and innovate for guests as part of its mission to make hotel travel possible for all
LAS VEGAS, Sept. 25, 2019 – Wyndham Hotels & Resorts (NYSE: WH) – the world’s largest hotel franchising company with approximately 9,200 hotels across more than 80 countries – outlined plans to advance its position as the world’s leading provider of select-service hotel brands before thousands of its franchisees at its first global conference as an independent hotel company.
With a focus on enhancing returns for its nearly 6,000 franchisees, the Company unveiled several initiatives designed to elevate its brands, deliver incremental resources to its owners, grow its presence and meet the needs of today’s travelers.
“As the world’s largest hotel franchisor, our commitment to making hotel travel possible for all starts with our franchisees,” said Geoff Ballotti, president and CEO of Wyndham Hotels & Resorts. “Together, we are elevating our family of iconic brands through innovation in quality and design, operational efficiency, strategic growth and guest experience to shape not only the future of Wyndham but the legacy of our owners around the world.”
Elevating Economy
Wyndham continues to democratize travel by elevating the economy segment with distinct, meaningful experiences for guests – at an affordable price point – for some of its most iconic brands. On the heels of recent brand-wide redesign efforts for Super 8® by Wyndham and Howard Johnson® by Wyndham, the company unveiled a new look for Days Inn® by Wyndham.
Dawn of a New Days Inn: With its 50th anniversary approaching in 2020, Days Inn – one of the largest brands in the economy segment – unveiled a new interior design package for its 1,400 hotels in the U.S. The new design, aptly named Dawn, takes inspiration from the sun with bright and airy rooms and sun-centric art celebrating the brand’s roots with a modern flair. The brand expects to implement the design standard across its U.S. portfolio in several phases.
Revolutionizing Design and Construction
The Company is prioritizing new-construction growth with the launch of both new and refreshed prototypes designed to lower development costs and capture greater efficiencies, taking a page from the best practices of La Quinta® by Wyndham and the success of the recent Moda prototype launch from Microtel by Wyndham®.
Growing Garden: The Company announced plans to reposition its Wyndham Garden® brand for growth with a new interior and exterior prototype called Arbor, which offers a streamlined, modern aesthetic inspired by nature that is designed to reduce cost-per-key to build.
Dual-Branding La Quinta and Hawthorn Suites® by Wyndham: Wyndham is introducing a new prototype combining its extended-stay Hawthorn Suites brand with La Quinta, designed to streamline development and operational costs while appealing to multiple types of travelers. The dual-brand prototype leverages the newly refreshed room of La Quinta’s Del Sol prototype, which continues to draw developers, with seven new-construction agreements signed in the second quarter.
Reimagining AmericInn® by Wyndham: The Company also debuted a refreshed interior design for AmericInn inspired by the modern lodge look, updating the brand’s contemporary exterior prototype while celebrating its heritage. Together, the interior and exterior designs represent the brand’s fourth-generation prototype.
Driving Global Growth
As international tourism continues to grow, Wyndham is positioning its well-known brands to capitalize on the rising demand for trusted lodging options for all travelers, particularly everyday travelers and the growing global middle class.
New Brands in New Markets: Five Wyndham brands have opened in new markets this year, including Days Inn in New Zealand; Microtel in China; Ramada® by Wyndham in Armenia; Wyndham® in Malaysia; and Wyndham Garden in Argentina, Australia and the Philippines. The Company also signed agreements to introduce Dolce Hotels and Resorts® by Wyndham in Denmark and Vietnam this year, and La Quinta in the Dominican Republic in 2021.
Making its Mark: Since launching just over two years ago as the first soft brand geared toward midscale and upper-midscale hotels, Trademark Collection® by Wyndham continues its rapid growth around the world, adding six new hotels in Canada and its first hotel in Latin America, in Belize, to its more than 100 hotels in North America and Europe.
Growth in Asia: Wyndham is the largest international franchisor in Greater China and recently announced plans to open approximately 500 hotels in China over the next three years, bringing its total to more than 2,000 hotels there by the end of 2022. The Company is also growing rapidly in Southeast Asia and the Pacific Rim, its fastest-growing region, and plans to open three new hotels in Thailand later this year. Additionally, Wyndham added three Ramada hotels in South Korea this year, surpassing 40 hotels in the country.
Digital Technology Evolution
Following its strategic initiative to endorse all of its brands with the “by Wyndham” moniker – one of the largest name changes in the industry’s history – and the evolution of Wyndham Rewards, which brought about innovative, first-to-market partnerships such as DoorDash, Wyndham is leveraging new technology to expand its digital efforts to drive brand recognition and contribution and enhance the guest experience across its portfolio.
Wyndham Wi-Fi: Addressing the ongoing challenge of providing great guest Wi-Fi, Wyndham franchisees now have access to a new bundle of wireless and network services featuring high-quality hardware and equipment at lower costs called Wyndham Wi-Fi. Hoteliers will have access to best-in-class wireless and network equipment, a professional home page, superior Wi-Fi services with consistent signals capable of handling guests’ multi-screen needs, and one-stop shopping for support.
Mobile First: To meet guests where they are – literally, in the palm of their hands – the Company will launch a new mobile app in the spring of 2020 offering streamlined bookings, account management, gamification, and exciting on-property features enabling guests to make the most of their stays. This intuitive, anticipatory app also will provide Wyndham Rewards members with personalized moments woven throughout their journey.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 817,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, Baymont®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers over 77 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com. If you are interested in development opportunities, please visit development.wyndhamhotels.com.
World’s largest hotel franchising company welcomes hotels in Vietnam, France, Greece and Denmark;
Celebrates launch of new groups and meetings booking site with 5% discount for planners
Dolce by Wyndham Hanoi Golden Lake in Hanoi, Vietnam Click to Download
LAS VEGAS, Sept. 10, 2019 – Wyndham Hotels & Resorts (NYSE: WH) — the world’s largest hotel franchising company with approximately 9,200 hotels in 80 countries — is expanding its meetings-focused Dolce Hotels and Resorts brand in new, global destinations and making it more convenient than ever to book groups and meetings around the world with a new hub for planners: WyndhamHotels.com/Meetings.
To celebrate, Wyndham is offering planners a discount of five percent off the master bill when they contract 25 rooms or more at participating meeting-focused hotels – many of which offer 5,000 square feet of meeting space or more — between now and December 31, 2019 (for groups completing their stay by June 30, 2020). Full terms and conditions are available at WyndhamHotels.com/Meetings.
“With demand for meetings expected to climb 5-10% this year around the world, it’s more important than ever to continue expanding our offerings in new, inspired travel destinations,” said Carol Lynch, vice president of global sales for Wyndham. “Wyndham partners with meeting and event planners on every type of meeting – whether a major convention, an intimate board meeting, or something in between – to find the right spaces for their events. With the new, streamlined process through our website combined with fresh and exciting destinations, we’re helping planners curate the perfect trip.”
Dolce’s New Destinations
Dolce by Wyndham is designed to inspire creativity, with state-of-the-art meeting spaces offering advanced technology, artisan cuisine and inspiring activities in breath-taking surroundings. The brand is enhancing its portfolio for groups and meetings around the world, adding new options for planners in coveted destinations:
Vietnam – Dolce by Wyndham Hanoi Golden Lake: Located in Hanoi’s Giang Vo ward just 10 minutes from the city center, this 441-room hotel is expected to open in late 2019. The hotel will showcase an opulent, gold-inspired design as well as extensive facilities including multiple dining options, retail outlets, conference and wedding facilities, a fitness center and day spa, and a gold-tiled infinity pool overlooking the city.
France – Dolce by Wyndham Versailles: Expected to open in autumn 2020, Dolce by Wyndham Versailles will be an exceptional venue located in the Domaine du Montcel, inspired by an English garden, just a stone’s throw from HEC School of Management, 15 minutes to Versailles Palace and 30 minutes to Orly Airport and La Défense. With 15 meeting and reception rooms, 178 guest rooms, two restaurants, a bar, a stylish spa and a 34-acre park, Dolce by Wyndham Versailles will offer the subtle balance between authentic French elegance and contemporary comfort.
Greece – Akti Imperial Hotel & Convention Center, Dolce by Wyndham: Dolce welcomes the largest convention center in southeastern Europe, offering planners 242,190 square feet (22,500 square meters) of flexible space that can accommodate up to 8,000 conference guests or 2,500 banquet guests. Among 32 polished event venues, meeting planners will find a variety of meeting rooms and an impressive banquet facility, all featuring free Wi-Fi and the latest technology. The hotel’s lush garden and beautiful Ixia Beach can also be customized for a cocktail reception or wedding ceremony.
Marking its entry into Denmark, Wyndham has also collaborated with Comwell Hotels in an exclusive agreement to open multiple Dolce hotels in the Scandinavian hotspot:
Comwell Copenhagen Portside, Dolce by Wyndham: Expected to open in 2021, this newly built hotel will be located in Trælastholmen, in the vibrant district of Nordhavn. Situated right next to the harbor with easy access to many recreational areas, the hotel will feature captivating architecture inspired by Copenhagen’s historical warehouses. It will boast 484 rooms, 17 conference rooms and modern facilities including a restaurant, bar and two green atriums.
Comwell Aarhus, Dolce by Wyndham: Centrally located in Aarhus, Denmark’s second-largest city, this hotel is close to the harbor and surrounded by cozy cafes and restaurants. The hotel is currently open and offers 240 rooms, as well as a versatile conference space, restaurant and bar. The hotel offers guests wonderful views of Aarhus, and features stylish and urban décor, furnished by the Danish design company HAY.
Recently Renovated Spaces
In addition to new destinations, the brand is enhancing its hotels in the U.S. and debuting two renovations this year:
Seaview, a Dolce Hotel on the New Jersey Shore: Seaview is showcasing a new look inspired by its historic past following an $18 million dollar renovation of its 298 guest rooms and public spaces, including updates to the hotel’s dining and meeting areas. Boasting 34,500 square feet of event space with packages for both indoor and outdoor weddings, the hotel offers state-of-the-art meeting facilities across 21 meeting rooms designed specifically to stimulate productivity and creative thinking.
Dolce Cheyenne Mountain Resort in Colorado: Dolce Cheyenne Mountain Resort is debuting a new multimillion dollar renovation to guest rooms and public spaces inspired by the hotel’s scenic backdrop across 217 acres with views of the Colorado Rockies. In early 2020 the hotel will also debut renovated meeting and event space across its 10,000 square feet of function rooms.
Inspirational environments foster big ideas. That’s the philosophy behind Dolce Hotels and Resorts by Wyndham®. A curated collection of unique destinations, Dolce redefined modern meetings using creative spaces, state-of-the-art technology, nourishing food and beverage programs and inspired activities. From Napa Valley to Provence, Dolce’s breathtaking locations provide the backdrop to incredible travel experiences, whether in a meeting or relaxing at its award-winning golf courses, rejuvenating spas and nearby world-famous wineries. In addition to streamlining the planning process with its Complete Meetings Package (CMP), Dolce offers planners who are members of Wyndham Rewards the opportunity to take advantage of go meetSM. Casual and professional planners can earn one point for every dollar spent on qualifying revenue, with no minimum spend and no maximum point limit.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 817,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers over 77 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
Copenhagen, 28th August 2019 – Wyndham Hotels & Resorts – the world’s largest hotel franchising company with approximately 9,200 hotels in more than 80 countries – and Comwell Hotels – an award-winning hotel chain in Denmark – today announced the signing of an exclusive agreement to open multiple hotels under the Dolce Hotels and Resorts by Wyndham brand in Denmark. The collaboration, which marks Wyndham’s first entry in the country, will initially include two openings in Copenhagen and Aarhus.
One of Wyndham Hotels & Resorts’ 20 iconic hotel brands, Dolce by Wyndham is designed to inspire and delight guests by turning experiences into extraordinary moments. Dolce by Wyndham hotels around the world offer state-of-the-art meeting spaces with advanced technology, curated cuisine and inspiring activities, all in breath-taking surroundings from France, to Greece, Spain, Portugal, Germany, Belgium, the U.S. and now in Denmark.
Comwell Copenhagen Portside, Dolce by Wyndham is expected to open in 2021. The new-built hotel will be located in Trælastholmen, in the vibrant district of Nordhavn. Situated right next to the harbour with easy access to many recreational areas, the hotel will feature captivating architecture inspired by Copenhagen’s historical warehouses. It will boast 484 rooms, 17 conference rooms and modern facilities including a restaurant, bar and two green atriums. The hotel will be the first and largest in Comwell’s collection in Copenhagen.
Comwell Aarhus, Dolce by Wyndham is centrally located in Aarhus, Denmark’s second-largest city, close to the harbour, surrounded by cosy cafes and restaurants. The hotel is currently open and will be re-flagged. It offers 240 rooms, a versatile conference space, a restaurant and a bar. The hotel offers guests wonderful views of Aarhus, and features stylish and urban décor, furnished by the Danish design company HAY.
Peter Schelde, Group CEO of Comwell Hotels, said: “We are delighted to have found in Wyndham Hotels & Resorts a like-minded partner which shares our values and aspiration, and are looking forward to opening our first and largest new built hotel in Copenhagen together. The demand for quality accommodation and conference and meeting space is continuing to grow in Denmark, and working with one of the largest hotel companies in the world will enable us to further cement our position in the market and attract more international guests.”
Dimitris Manikis, President and Managing Director, Wyndham Hotels & Resorts EMEA, added: “With charming architecture and design, an imaginative culinary scene and a welcoming population, it is no surprise that Denmark is increasingly attracting more international visitors. The country has positioned itself as a growing hub for conferences and business events and we are thrilled to enter this attractive market with Comwell Hotels. Their solid expertise in the meetings, incentives, conferencing, exhibitions segment, and reputation for managing hotels to an exceptional standard makes them a strong match for our Dolce by Wyndham brand and a perfect partner to launch the brand in Scandinavia.”
Dolce by Wyndham hotels in Denmark and around the world participate in Wyndham Rewards, Wyndham Hotels & Resorts’ award-winning loyalty programme, offering over 77 million enrolled members the opportunity to redeem points at thousands of hotels, club resorts and vacation rental properties globally.
The collaboration with Wyndham Hotels & Resorts will have no impact on Comwell Hotels’ ownership.
– ENDS –
About Comwell Hotels
Comwell Hotels is a Danish hotel chain established in 1969 and mainly owned by Nic Christiansen Invest. Comwell Hotels has a total of 14 hotels in Denmark, two in Sweden and has a partnership with BC Hospitality Group – with the conference centre Comwell Conference Center Copenhagen, as well as a franchise agreement with Wyndham Hotels & Resorts. Comwell Hotels has 1,000 permanent employees and in 2018 had a turnover of DKK 890.9 million. In Denmark, Comwell Hotels is renowned for their extensive work within sustainability, and have been awarded the Organic Cuisine Label in bronze in all their Danish hotels, which was rewarded with the Organic Prize of the Year in 2017, and in 2019 with Denmark’s most sustainable hotel chain in Denmark. Comwell introduced the meeting concept in Denmark in 1969, then called Scanticon, and in 1992 Comwell opened its first spa hotel in Denmark. Find out more about Comwell on www.comwell.com
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 817,000 rooms appealing to the everyday traveller, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada by Wyndham®, Ramada Encore®, TRYP by Wyndham, Hawthorn Suites®, Trademark Collection®, Wyndham® and more. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards® loyalty programme offers over 77 million enrolled members the opportunity to redeem points at tens of thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com
Inspirational environments foster big ideas. That’s the philosophy behind Dolce Hotels and Resorts by Wyndham®. A curated collection of unique destinations, Dolce redefines modern meetings using creative spaces, state-of-the-art technology, nourishing food and beverage programmes and inspired activities. From Napa Valley to Provence, Dolce’s breathtaking locations provide the backdrop to incredible travel experiences, whether in a meeting or relaxing at its award-winning golf courses, rejuvenating spas and nearby world-famous wineries. Follow @dolcehotels on Facebook, Instagram and Twitter.
This press release contains “forward-looking statements” within the meaning of U.S. federal securities laws, including the expected addition of hotels within Denmark 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.
La Quinta® by Wyndham uncovers seasonal bleisure trends with latest survey about summer business travel
La Quinta® by Wyndham uncovers seasonal bleisure trends with latest survey Click to Download
PARSIPPANY, N.J.(August 14, 2019) — Summer is peak vacation time for most, but for frequent business travelers it can be a struggle to squeeze in a much-needed vacation between work trips. With its latest “La Quinta Means Business” national survey, La Quinta® by Wyndham — a trusted hotel brand among career commuters for more than 50 years — unveils the unique trends and challenges for business travelers during the summer season and busy back-to-school months.
The survey offers insight on the distinct experience of business travel in the summer, including surviving stuffy conference rooms, being spotted in a bathing suit by coworkers, squeezing in some time for sightseeing and rushing to make it home in time for back-to-school prep. La Quinta makes it easy for business travelers to succeed in every season with amenities like free Wi-Fi, free breakfast, signature comfortable bedding and the ability to earn and redeem rewards points with Wyndham Rewards.
“Summer business trips can be the perfect opportunity to create new travel experiences by squeezing a little leisure time into the schedule,” said Lisa Checchio, chief marketing officer of Wyndham Hotels & Resorts. “By understanding the unique needs of business travelers in the summer – whether that means free, high-speed Wi-Fi to stay connected with kids as they head back to school, a comfy space to recharge between meetings, or the opportunity to earn points they can later redeem on a well-deserved vacation through Wyndham Rewards – La Quinta empowers road warriors to make the most of their summer business trips.”
SURVEY SAYS: SUMMER IS BLEISURE SEASON
La Quinta’s survey tapped into the mindset of today’s business traveler during the busy summer and back-to-school months to determine how the season might impact their decision-making while on the road:
I Need a Vacation
Under the radar: Nearly two-thirds (64%) of business travelers who have extended a trip have done so secretly for personal vacation without telling someone, including their coworkers (32%), boss (26%) and even their own partner (22%)
New territory: More than half (51%) of these business travelers have extended their business trips to explore the destination
‘Tis the sea-sun: For 56% of business travelers, summer is the best time to extend a business trip for a personal vacation
Vacation daze: On average, business travelers extended a trip for three days, with 42% of business travelers extending three to five days
Recharge your batteries: Nearly 3 in 10 (29%) business travelers have skipped out on a meeting or work event to take a nap or do something restful while on a business trip
Heat Wave
It’s getting hot in here: Sixty-five percent of career commuters say that being stuck in a conference room with no air conditioning during a summer business trip would be worse than having to wear a swimsuit in front of colleagues (35%)
Sweat suit: Eighty-two percent of male business travelers are more likely to pack extra clothing on a summer business trip than they would for another season
Look cool, feel cool: Given a choice between dressing well and dressing comfortably, business travelers would rather look cool (53%) than feel cool (47%) on a summer business trip
A cold one: Nearly three in four (74%) business travelers have skipped a work event while on a business trip, 31% of whom did something social with friends instead such as go to a bar or restaurant
On the Home Front
Me time: Forty-three percent of business travelers with children in school have extended a business trip by one to two days specifically to take time for themselves
There in spirit: Nearly all business travelers (95%) with school-age kids miss some school-related activities due to business travel; three in four (75%) business travelers miss activities frequently
Homework helper: While on a business trip, 69% of business travelers stay connected with their children when school is in session to make sure they get their homework done
Pur-ferred travel companion: Three in ten (30%) business travelers with kids and pets say they would prefer to travel with their pet and leave the kids at home
La Quinta by Wyndham’s “La Quinta Means Business” survey series aims to uncover the realities of business travel and the behaviors and quirks that road warriors exhibit as a result in order to better help them succeed while on the road with the signature amenities they need, including free high-speed Wi-Fi, free breakfast, 24/7 coffee and tea, signature comfortable bedding, modern fitness centers, social gathering spaces, and spacious in-room work areas with charging stations. For more information, visit www.lq.com.
The “La Quinta Means Business” survey was conducted by Wakefield Research between June 28 and July 8, 2019, using an email invitation and an online survey among 1,000 U.S. business travelers ages 35–54, defined as those traveling for business 10-plus times per year.
ABOUT LA QUINTA BY WYNDHAM With approximately 915 destinations in North and Latin America, the upper-midscale, pet-friendly La Quinta by Wyndham brand is a bright spot in every travelers’ journey. Whether traveling for business or leisure, guests can rest assured, relax, and recharge thanks to the brand’s Bright Morning Bed®, free Bright Side Breakfast®, spacious in-room work areas, and free high-speed internet. For more information, visit www.lq.com. Like and follow La Quinta on Facebook, Twitter, Instagram and YouTube. For more information on developing a La Quinta by Wyndham hotel, click here.
ABOUT WYNDHAM HOTELS & RESORTS
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 817,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers over 77 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
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Wyndham Hotels & Resorts capitalises on rapidly growing
mid-market hospitality segment in the region
A rendering of the Ramada by Wyndham Gandhidham Shinay Click to Download
NEW DELHI, 7 August 2019 – Ramada® by Wyndham – one of the most recognised hotel brands in the world with around 870 hotels in over 60 countries – continues to grow its footprint in India with the recent addition of four openings so far this year and plans to open three additional hotels by 2020 in key destinations such as Thiruvananthapuram and Aligarh.
Ramada by Wyndham is part of Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,200 hotels and 20 brands in more than 80 countries. This expansion is part of the Company’s comprehensive plan to bolster its footprint in the wider Indian sub-continent, including India, Sri Lanka, Bangladesh, Pakistan, and Nepal. Wyndham Hotels & Resorts’ portfolio in region currently includes 46 hotels and more than 4,100 rooms with plans to add 40 hotels and more than 5,000 rooms by 2025, reinforcing its presence in the region’s rapidly growing mid-market hospitality segment. In addition to Ramada by Wyndham, the anticipated openings in the wider region will further expand the Ramada Encore, Howard Johnson and Days Hotels by Wyndham portfolio, whilst also introducing the Wyndham Grand and Wyndham Garden brands.
Panos Loupasis, Vice President of Development, Middle East, Eurasia & Africa, Wyndham Hotels & Resorts, said: “The travel industry is gaining terrific momentum In India, with huge potential for the hospitality sector, particularly in the mid-market segment, and we are delighted to have such a strong representation in this exciting market. Our latest openings and development plans further cement our commitment to India and the wider region and perfectly support our mission to make hotel travel possible for all.”
Recent openings in India include:
Ramada by Wyndham Kapurthala: Located on the Jalandhar – Kapurthala highway near Pushpa Gujral Science City, the hotel is the first Ramada by Wyndham hotel in Kapurthala. This 69-key, amenity-rich hotel features comfortable guest rooms, a pool, health club, and expansive event space along with a restaurant, bar, and lounge. The hotel opened in March 2019.
Ramada by Wyndham Bengaluru Yelahanka: The first Ramada by Wyndham hotel in Bengaluru, this 80-room hotel opened in May 2019. It is spread across five acres of landscaped gardens and offers multiple conference and leisure facilities, including a pool, spa and a fitness centre.
Ramada by Wyndham Jaipur Jaisinghpura: Located away from the hustle and bustle of the city and a short drive from the Amber Fort & Palace, City Palace, Hawa Mahal, and Jantar Mantar, this 97-room contemporary hotel is the third Wyndham Hotels & Resorts property in Jaipur. Opened in June 2019, the hotel offers substantial meeting facilities, a gym, outdoor swimming pool and two restaurants.
Ramada Plaza Lucknow Hotel & Convention Centre: this new-construction upscale hotel is part of a dual development with the existing Ramada by Wyndham Lucknow and features 207 rooms. It also has an executive lounge and convention centre featuring large meeting and events facilities with outdoor lawns, three on-site cafes and restaurants, a retail shop,
and even an art gallery. The hotel has easy access to Lucknow’s International Airport and Kanpur City.
Some of the anticipated openings in India by 2020 include:
Ramada by Wyndham Gandhidham Shinay: Situated in Gandhidham, the economic capital of the Kutch Region of Gujarat in West India, this new-construction hotel will feature 60 contemporary guest rooms, large meeting and banqueting facilities with lawns for outdoor events, on-site cafes and restaurants, a spa, fitness centre and an outdoor pool – as well as easy access to Kandla and Mundra ports. The hotel is expected to open in early 2020.
Ramada by Wyndham Aligarh GT Road: Located in an important business centre of Uttar Pradesh in Central India, this 60-room new-construction hotel will offer well-appointed guest rooms, multiple meetings and events spaces, and a range of leisure facilities. The hotel will offer direct access to GT Road, connecting Aligarh with Delhi, and is expected to open in early 2020.
Ramada by Wyndham Thiruvananthapuram: Situated in the capital city of the Southern Indian state of Kerala, the hotel is expected to open in early 2020, and will offer 108 well-appointed rooms, meeting and events facilities, three restaurants, a retail outlet, gym and a rooftop swimming pool. The hotel is a short drive from Trivandrum International Airport and the railway station, as well as main local attractions.
Wyndham Hotels & Resorts’ properties around the world participate in Wyndham Rewards®, the Company’s award-winning loyalty programme, giving more than 77 million members globally a generous points-earning and redemption structure.
About Ramada by Wyndham
With approximately 870 hotels in more than 60 countries, global travelers are bound to find Ramada by Wyndham, one of the world’s most recognised hotel brands, wherever their travels take them. Guests choose Ramada to not only sample the world around them but for the brand’s passionate team members and full-service hospitality as well as functional meeting space, comfortable guest rooms, free Wi-Fi, and casual dining options. For more information visit www.ramada.com. Like and follow Ramada on Instagram, Facebook and Twitter.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 817,000 rooms appealing to the everyday traveller, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada by Wyndham®, Ramada Encore®, TRYP by Wyndham, Hawthorn Suites®, Trademark Collection®, Wyndham® and more. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards® loyalty programme offers over 77 million enrolled members the opportunity to redeem points at tens of thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com
PARSIPPANY, N.J., July 25, 2019 – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended June 30, 2019. Highlights include:
Revenues increased 23% compared with second quarter 2018, to $533 million.
Net income was $26 million for the second quarter, a 24% increase over the prior-year quarter; adjusted net income was $82 million, a 12% increase over the prior-year quarter.
Diluted earnings per share were $0.27 and adjusted diluted EPS were $0.84.
Adjusted EBITDA increased 27% compared with the prior-year quarter, to $159 million.
Global RevPAR increased 5% year-over-year in constant currency, and increased 40 basis points in constant currency and excluding our 2018 acquisitions and divestitures.
U.S. RevPAR increased 5% year-over-year, and increased 30 basis points excluding our 2018 acquisitions and divestitures.
System-wide rooms grew 3% year-over-year.
Company updates its full-year 2019 outlook.
“We continued to deliver solid results in the second quarter, highlighted by continued organic expansion of our system size and significant growth in adjusted EBITDA,” said Geoffrey A. Ballotti, chief executive officer. “We remain enthusiastic about our domestic and international growth prospects, driven by the strength of our brands and our award-winning Wyndham Rewards loyalty program.”
Revenues were $533 million, compared with $435 million in the second quarter of 2018. Results reflect $98 million of incremental revenues from La Quinta, which the Company acquired in May 2018. Excluding the impact from 2018 acquisitions and divestitures, revenues increased 1% in constant currency, primarily due to higher license, royalty and other fee revenues, partially offset by lower cost-reimbursement revenues as well as the timing of the Company’s global franchisee conference, which was in April last year but will be in September this year.
Net income was $26 million, or $0.27 per diluted share, compared to $21 million, or $0.21 per diluted share, in the second quarter of 2018. 2019 results reflect $40 million of primarily non-cash after-tax expense due to the Company’s intention to exit a legacy hotel-management arrangement that has been unprofitable for it. Prior- year results were impacted by the Company’s spin-off and the acquisition of La Quinta and therefore included substantially higher interest, separation-related and transaction-related expenses.
Adjusted net income was $82 million, or $0.84 per diluted share, compared with $73 million, or $0.73 per diluted share, in the second quarter of 2018. Second quarter earnings comparisons were impacted by the acquisition of La Quinta, higher interest expense and the timing of marketing expenses. Full reconciliations of GAAP results to our non-GAAP adjusted measures for all reported periods appear in the tables to this press release.
Second quarter adjusted EBITDA was $159 million, compared with $125 million in the second quarter of 2018. Management estimates that second quarter results reflect approximately $30 million of incremental adjusted EBITDA from La Quinta. Excluding the impact from 2018 acquisitions and divestitures, adjusted EBITDA increased 5% in constant currency primarily reflecting the growth in license, royalty and other fee revenues, partially offset by the timing of marketing expenses, which suppressed growth by $14 million, or thirteen percentage points. Consistent with the Company’s expectations, second quarter adjusted EBITDA represented 26% of the Company’s projected full-year adjusted EBITDA.
U.S. RevPAR and constant-currency global RevPAR increased a fraction of a point in second quarter 2019 compared to the prior-year period excluding our 2018 acquisitions and divestitures through their anniversary dates, as second quarter 2018 U.S. and global RevPAR benefited by approximately 150 and 80 basis points, respectively, from incremental post-hurricane demand.
As of June 30, 2019, the Company’s hotel system consisted of approximately 9,200 properties and approximately 817,000 rooms, a 3% increase compared with the second quarter of 2018. The Company’s development pipeline consisted of 1,400 hotels and approximately 188,000 rooms, a 10% year-over-year room increase. The Company also increased its pipeline sequentially by 4% compared to first quarter 2019.
Approximately 55% of the Company’s development pipeline is international and 74% is new construction.
Business Segment Discussion
The following discussion of second quarter operating results focuses on revenue and adjusted EBITDA for each of the Company’s segments.
Hotel Franchising
Revenues increased 15% compared to second quarter 2018, including $36 million of incremental revenues from La Quinta. Excluding the impact from 2018 acquisitions and divestitures, revenues increased 3% in constant currency due to higher license, royalty and other fees, partially offset by the timing of the Company’s global franchisee conference, which was in April last year but will be in September this year. Adjusted EBITDA grew 26% to $162 million, including an estimate of approximately $24 million of incremental adjusted EBITDA from the acquisition of La Quinta. Excluding the impact from 2018 acquisitions and divestitures, adjusted EBITDA grew 9% in constant currency reflecting the growth in revenues and the impact of reorganizing certain functions and related expenses into our Corporate segment as a result of our spin-off, partially offset by the timing of marketing expenses, which reduced adjusted EBITDA by $14 million.
Hotel Management
Revenues increased $55 million compared to the prior-year period, reflecting $62 million of incremental revenues from La Quinta (including $55 million of cost-reimbursement revenues). Excluding the impact from the acquisition of La Quinta, revenues declined $7 million primarily due to lower cost-reimbursement revenues, which have no impact on adjusted EBITDA. Adjusted EBITDA increased $8 million compared to the prior-year quarter, reflecting an estimated $6 million of incremental adjusted EBITDA from La Quinta.
Other Items
Share Repurchases and Dividends – The Company repurchased approximately 909,000 shares of its common stock for $50 million in the second quarter. The Company also paid common stock dividends of $28 million, or $0.29 per share, in the second quarter.
Hotel Management Contract Terminations – The Company expects to exit two unprofitable hotel- management arrangements that were initiated in 2012 and 2013. In conjunction with one arrangement that covers 22 hotels and 3,600 U.S. rooms, the Company’s guaranty obligations have been exhausted. The Company expects that this will result in the arrangement, including the Company’s ability to recapture out-of- pocket payments it had made to the hotels’ owner, being terminated. The Company recorded a non-cash impairment expense of $45 million and a $9 million contract termination charge in the second quarter, which were primarily related to the anticipated loss of the recapture opportunity.
In order to terminate the other arrangement, which covers eight hotel properties and 2,500 U.S. rooms, the Company has signed a non-binding letter of intent to make payments representing a significant discount to its remaining potential guarantee exposure, which is currently approximately $70 million. The Company expects to record a contract termination expense in the third quarter related to these future payments.
With the termination of these two arrangements, the Company’s future maximum annual hotel-management guaranty obligations will be reduced from $26 million to $5 million.
Outlook
The Company is updating its outlook for full-year 2019 as follows:
The reduction in forecasted revenue relative to the Company’s earlier outlook is almost entirely due to lower cost-reimbursement revenues, which have no impact on adjusted EBITDA. The forecast for Adjusted EBITDA reflects the substantial progress the Company has made in integrating La Quinta and favorable results at the Company’s owned hotel in Puerto Rico, as well as a modestly softer RevPAR environment than the Company had anticipated. The forecast for adjusted diluted EPS assumes an effective tax rate of 26%, one percentage point lower than previously estimated. The Company is providing an outlook for EBITDA, net income and EPS only on a non-GAAP, adjusted basis because it is unable to predict with reasonable certainty the occurrence or amount of potential adjustments that may arise in the future.
Conference Call Information
Wyndham Hotels will hold a conference call with investors to discuss the Company’s results and outlook on Thursday, July 25, 2019 at 8:30 a.m. ET. Listeners can access the webcast live through the Company’s website at www.investor.wyndhamhotels.com. The conference call may also be accessed by dialing 877
876-9174 and providing the passcode “Wyndham”. Listeners are urged to call at least five minutes prior to the scheduled start time. An archive of this webcast will be available on the website for approximately 90 days beginning at noon ET on July 25, 2019. A telephone replay will be available for approximately ten days beginning at noon ET on July 25, 2019 at 800 283-5758.
Presentation of Financial Information
Financial information discussed in this press release includes non-GAAP measures, which include or exclude certain items. These non-GAAP measures differ from reported GAAP results and are intended to illustrate what management believes are relevant period-over-period comparisons and are helpful to investors as an additional tool for further understanding and assessing the Company’s ongoing operating performance.
Exclusion of items in the Company’s non-GAAP presentation should not be considered an inference that these items are unusual, infrequent or non-recurring. Full reconciliations of GAAP results to the comparable non- GAAP measures for the reported periods appear in the financial tables section of this press release.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 817,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award- winning Wyndham Rewards loyalty program offers over 77 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include those that convey management’s expectations as to the future based on plans, estimates and projections at the time Wyndham Hotels makes the statements and may be identified by words such as “will,” “expect,” “believe,” “plan,” “anticipate,” “intend,” “goal,” “future,” “outlook,” “guidance,” “target,” “estimate,” “projection” and similar words or expressions, including the negative version of such words and expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Wyndham Hotels to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements contained in this press release include statements related to Wyndham Hotels’ current views and expectations with respect to its future performance and operations, including revenues, earnings, cash flow and other financial and operating measures, share repurchases and dividends.
You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Factors that could cause actual results to differ materially from those in the forward- looking statements include, without limitation, general economic conditions, the performance of financial and credit markets, the economic environment for the hospitality industry, operating risks associated with the hotel franchising and management businesses, the impact of war, terrorist activity or political strife, risks related to the acquisition and integration of La Quinta, risks related to our ability to obtain financing and the terms of such financing, risks related to the planned termination of certain hotel-management agreements (which may not be completed on the terms currently anticipated or at all), and the timing and amount of future share repurchases and dividends, as well as the risks described in Wyndham Hotels’ most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequent reports filed with the Securities and Exchange Commission. Except as required by law, Wyndham Hotels undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise.
PARSIPPANY, N.J., July 3, 2019 – Wyndham Hotels & Resorts (NYSE: WH) announced today that it will report second quarter 2019 results on Thursday, July 25, 2019. Geoff Ballotti, President and Chief Executive Officer, and David Wyshner, Chief Financial Officer, will host a call with investors at 8:30 a.m. ET that morning to discuss the Company’s results and business outlook.
Listeners can access the webcast live through the Company’s website at www.investor.wyndhamhotels.com. The conference call may also be accessed by calling 877 876-9174 and providing the passcode “Wyndham”. Listeners are urged to call at least five minutes prior to the scheduled start time. An archive of this webcast will be available on the website for approximately 90 days beginning at noon ET on July 25, 2019. A telephone replay will be available for approximately ten days beginning at noon ET on July 25, 2019 at 800 283-5758.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 812,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers over 75 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
