The safety of our guests, owners, team members and partners around the world is a top priority. We are currently recommending that our hotels in China follow the guidelines established by the World Health Organization (WHO), the U.S. Centers for Disease Control and Prevention (CDC), and their local health departments – and to report any suspected cases to the proper authorities as soon as possible. We are sending supplies to our hotels in China for distribution to workers, guests, and members of the community. Additionally, guests traveling to or from China with direct bookings for stays in any of our hotels from January 22nd through February 29th will have their cancellation or change penalties waived. We continue to monitor the situation closely.
Commits to reach 10 million Wyndham Rewards points donated to Polaris by end of 2020
Today at its global Town Hall, Wyndham Hotels & Resorts’ leadership team affirmed its ongoing commitment to support human trafficking awareness and prevention efforts and announced a donation of 1 million Wyndham Rewards points to Polaris, a leader in the global fight to eradicate human trafficking. Wyndham also announced a commitment to achieve – by year end – 10 million points donated by the company and Wyndham Rewards members to Polaris since 2008. (Deborah Fischman Photography for Wyndham Hotels & Resorts)
PARSIPPANY, N.J. – January 22, 2020 – Wyndham Hotels & Resorts (NYSE: WH), the world’s largest hotel franchising company with approximately 9,200 hotels across 80 countries, today reinforced its commitment to help combat human trafficking.
At its first global Town Hall event of the year, Wyndham today affirmed its ongoing commitment to support human trafficking awareness and prevention efforts and announced its donation of 1 million Wyndham Rewards points to Polaris, a leader in the global fight to eradicate human trafficking.
Wyndham also announced its commitment to achieve – by year end – 10 million points donated by Wyndham and Wyndham Rewards members to Polaris since 2008. For Wyndham Rewards members interested in donating points to Polaris, visit the Wyndham Rewards website or click here.
“We condemn human trafficking in any form,” said Wyndham Hotels & Resorts President and Chief Executive Officer Geoff Ballotti. “In recognition of National Slavery and Human Trafficking Prevention Month, we want to reinforce our partnerships with Polaris and other important anti-trafficking organizations, while continuing to educate the hospitality community on how to help identify and report trafficking activities.” Wyndham mandates human trafficking training for all company employees globally.
Polaris acts as a catalyst to systemically disrupt human trafficking by helping survivors restore their freedom, preventing more victims, and leveraging data and technology to pursue traffickers wherever they operate. Polaris uses Wyndham Rewards points in part for short-term stays for victims so they have a safe place to sleep while waiting for a spot in a shelter to open.
“Having a safe place to stay, even just overnight, is a vital first step in helping sex and labor trafficking survivors break free from their situations,” said Emily Tracy, chief development officer for Polaris, who received the points donation at today’s event. “Wyndham’s donation – one of many over the course of our 10-year partnership – will help survivors to move forward with their lives. We look forward to working together in the future to continue to address all of the ways that hospitality companies can and must play a role in the prevention and detection of sex and labor trafficking.”
In addition to Polaris, Wyndham supports the work of other organizations to promote awareness on how to identify and report suspected instances of human trafficking, including the American Hotel & Lodging Association, the Asian American Hotel Owners Association, End Child Prostitution and Trafficking, and International Tourism Partnership. Wyndham works with these organizations and others to educate employees across its business on the important issue of human trafficking.
Hotel guests also can spot the signs of trafficking. Guests who suspect trafficking or abuse can alert hotel management or security, or dial 911 or their local emergency number. They also can contact the National Human Trafficking Hotline at 1-888-373-7888 or text “BeFree” (233733) in the U.S., or visit GlobalModernSlavery.org for global information.
About Wyndham Hotels & Resorts
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.
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.
Microtel by Wyndham Guiyang opens in heart of Guiyang’s financial district; two additional Microtel hotels slated to open in China later this year as Wyndham capitalizes on increase in inbound and domestic tourism
SHANGHAI, CHINA, October 10, 2019 – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,200 hotels across more than 80 countries, today announced the arrival of its award-winning Microtel® by Wyndham brand in China with the opening of the 192-room Microtel by Wyndham Guiyang.
Located in the heart of Guiyang, in Southwest China’s Guizhou province, the opening marks a key milestone for Wyndham Hotels & Resorts as it continues to aggressively expand its presence across China, introducing new brands and hotels to key primary and secondary markets. Wyndham is the largest international hotel franchisor in China, with a portfolio of more than 1,500 hotels across 11 brands in the region, including recent additions under Wingate® by Wyndham and TRYP® by Wyndham, which entered the region in 2018 and 2017, respectively.
“Since 2015, Wyndham has successfully introduced four new brands to the China market,” said Leo Liu, president and managing director of Wyndham Hotels & Resorts in Greater China. “With inbound and domestic tourism in China rising year over year, this creates tremendous opportunity for brands like Microtel, which is purpose-built for the needs of today’s modern travelers, particularly millennials, with stylish rooms and efficient, tech-centric amenities.”
Brilliantly Efficient and Built for the Modern Traveler
Microtel is a trailblazer in efficiency, all-new construction and award-winning service, focused on delivering long-term value and quality for today’s hotel guests and owners. In China, Microtel depicts a neo-futurism design concept, which is characterized by contemporary architecture, novel shape, clean-cut lines and a minimalist interior.
Specific for the market and lifestyle traveler in China, and to align with Wyndham’s strategy in the country, Microtel by Wyndham Guiyang takes the brand’s modern efficiencies and minimalist look to the next level by incorporating a new, streamlined design, including a neutral color palette of black, white, grey and beige. Because of this, and to expand in a faster pace in line with demand in the region, Microtel in China will be a select-service lifestyle brand, where functionality doesn’t compromise style.
Microtel by Wyndham Guiyang
The newly-built, 192-room Microtel by Wyndham Guiyang is situated in building 4 of the International Finance Center in the Guanshanhu District. The 21-floor hotel is in in the heart of Guiyang’s core financial district, and only a 10-minute walk from the Ecological Conference Center and five-minute walk from the nearby metro station. Offering sweeping city views, it is the first intelligent hotel in Guiyang thanks to in-room voice automation, which allows guests to control lighting, temperature and the television, and check weather conditions and traffic patterns by speaking to a small, table top device. Further, a self-check-in and check-out kiosk is available for an accelerated arrival and exit experience. The kiosk supports fast electronic payment through scanning a QR code, so guests can spend more time enjoying other amenities and exploring sites around Guiyang.
In addition to one all-day dining restaurant, the hotel will feature two meeting facilities that cater to 50 and 100 guests, respectively. Additionally, complimentary laundry and free access to the gym are available for every staying guest.
Wyndham already has plans to continue expanding Microtel’s footprint across Greater China, as two more Microtel hotels have been signed and are scheduled to open later this year. This includes a new Microtel in Hangzhou, which will incorporate in-room technology from Xiaomi Youpin, a top electronics company in China. Microtel will leverage its collaboration with Xiaomi Youpin in an effort to further explore hotel automation and artificial intelligence functions.
All Microtel by Wyndham hotels participate in Wyndham Rewards®, the award-winning loyalty program of Wyndham Hotels & Resorts, offering members access to more than 30,000 hotels, vacation club resorts and vacation rentals globally.
About Microtel by Wyndham
Microtel by Wyndham is an award-winning chain of more than 340 economy hotels located throughout North America, Mexico, the Philippines and China. Consistently over-delivering on both guest and owner expectations, Microtel is North America’s only all new-construction hotel in the economy segment. Ranked best-in-class by organizations like The Harris Poll®,” Microtel’s rich award-recognized heritage is backed by 16 J.D. Power top honors – the most of any hotel brand in the economy segment. Microtel prides itself on being an innovator, offering an elevated experience with an array of complimentary amenities including free Wi-Fi and continental breakfast. Other amenities available at most hotels include meeting and fitness centers, swimming pools and the opportunity to earn and redeem points through Wyndham Rewards®, the brand’s guest loyalty program. Travelers can join the program for free at www.wyndhamrewards.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 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 News Source: Wyndham Hotels and Resorts 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.
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.
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.
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.
Inks deal to introduce brand to Dominican Republic with eight new hotels;
Opens nine new hotels in U.S. in second quarter to date inspired by innovative Del Sol prototype
The recently-opened La Quinta Inn & Suites by Wyndham San Luis Obispo Downtown, owned by Andrew Firestone of Stone Park Capital, combines the brand’s Del Sol prototype with local architectural style, including a unique rooftop pool with sweeping views. Click to Download
NEW YORK, N.Y. (June 3, 2019) – La Quinta by Wyndham – celebrating one year as part of Wyndham Hotels & Resorts, the world’s largest hotel franchising company – showcases strong progress as it continues to expand its portfolio of hotels, today announcing plans to introduce its upper-midscale flag to the Caribbean for the first time while welcoming an additional nine new hotels to its growing U.S. portfolio.
“Now armed with Wyndham’s substantial scale, distribution and resources, La Quinta by Wyndham is just beginning to scratch the surface of its growth potential,” said Tom Barber, Chief Global Development Officer. “We’re seeing increased interest from developers and guests around the world as we expand the brand in strategic markets, leveraging our scale and global reach to capitalize on the brand’s international potential in destinations with strong demand for upper-midscale lodging – like the Dominican Republic – meeting the needs of the growing traveling class of 280 million households seeking trusted, value-driven travel experiences.”
Dominican Republic Debut
The development agreement with Caribbean developer Profusion Group marks the first executed deal outside of the U.S. for La Quinta by Wyndham since Wyndham acquired the brand and outlined its strategic international expansion plans.
The newly signed deal calls for eight new construction La Quinta by Wyndham hotels in the Dominican Republic over the next five years, four of which are slated to open in 2021 and will be managed by Wyndham’s growing international management arm. The new hotels will open in top destinations with emerging need for select-service accommodations as alternatives to the island’s upscale all-inclusive resorts, as well as in up-and-coming cities with growing hotel supply needs.
Barber added: “With a top-performing Caribbean economy and millions of annual visitors, the Dominican Republic attracts a variety of travelers seeking the exceptional value, service and quality for which La Quinta by Wyndham is known in the U.S. We are committed to working with passionate, like-minded partners like Profusion Group to introduce the brand to new markets – and new travelers – around the world.”
“The Dominican Republic’s leading position in the Caribbean’s hospitality sector, combined with Wyndham Hotels & Resorts’ leadership team, a strong and sustainable economy and growing middle class will add to La Quinta by Wyndham’s fast growing footprint,” said Edward De Valle II, CEO of Profusion Group.
The agreement complements the brand’s existing portfolio of 14 hotels in Latin America and the Caribbean. In early 2018, the brand debuted in Santiago, Chile, and León, Mexico.
Fast-Growing Footprint
La Quinta by Wyndham continues its growth in the U.S., welcoming nine new hotels in April and May 2019 including locations in Branson, Missouri; Flagstaff, Arizona; Spring and San Antonio, Texas; Perry and Brunswick, Georgia; as well as Clovis, San Bernardino and San Luis Obispo, California. Since its acquisition one year ago, the brand has executed nearly 30 franchise agreements and opened more than 20 hotels as part of the Wyndham Hotels & Resorts family.
New construction development is a major force behind the brand’s growth trajectory, accounting for approximately 90 percent of the 260 hotels in its pipeline as of March 31, 2019. Much of that growth is anchored by the brand’s Del Sol prototype, which combines dynamic design elements with guest-centric offerings while helping to maximize revenue-per-square-foot for developers. As part of its comprehensive new construction growth strategy, Wyndham Hotels & Resorts is applying La Quinta’s design expertise to its other brands, starting with economy leader Microtel by Wyndham which announced its new Moda prototype design earlier this year.
In April, the brand was successfully integrated to Wyndham’s cloud-based, state-of-the-art technology platforms in what Wyndham Hotels & Resorts believes was one of the largest same day migrations in the history of the hospitality industry. It was also integrated into the award-winning Wyndham Rewards loyalty program, adding 13 million new members and growing membership by approximately 20% to 75 million members.
The brand also launched its first integrated marketing campaign since it was acquired by Wyndham Hotels & Resorts, “Tomorrow You Triumph,” which captures business travelers’ unique experiences, highlighting La Quinta’s key business amenities that help deliver what guests need to succeed while traveling. The first national television spot, “Screensaver,” began airing in early April and hones in on the benefits Wyndham Rewards loyalty members can reap just by staying with La Quinta.
ABOUT PROFUSION GROUP
Profusion Group is a company dedicated to the development, investment and asset management in the Tourism and Hospitality sector. The firm’s target markets are concentrated in the Caribbean and North Latin America (LACAR) with a primary emphasis in the Dominican Republic. Through its highly qualified professional team, Profusion Group seeks to generate value in each of its activities, thus maximizing risk-adjusted returns for its investors.
ABOUT LA QUINTA BY WYNDHAM
With more than 915 destinations in North and Latin America, the upper-midscale 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, pet-friendly rooms and free high-speed internet. For more information, visit www.lq.com. Like and follow La Quinta on Facebook, Twitter, 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 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®, 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.
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