PARSIPPANY, N.J. (September 14, 2022) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across more than 95 countries, today unveiled a new, portfolio-wide, mobile tipping solution for its U.S. and Canadian franchisees, making it one of the first major hotel companies to do so.
Developed and managed by Béné, a leader in cashless tipping, the platform enables guests to easily tip hotel team members digitally via their preferred mobile device and is now available for adoption by Wyndham franchisees across all brands. It comes as a growing number of consumers adopt and show preference for digital payments, which according to consulting firm McKinsey, 82% of Americans are now using.
“The pandemic dramatically accelerated guest demand for digital payment solutions and that trend will only continue in the coming years,” said Scott Strickland, chief information officer, Wyndham Hotels & Resorts. “Having previously empowered our franchisees to accept digital, contactless payment for stays at their hotels, the next logical step was to find a solution that allows guests to recognize housekeepers, wait staff and other frontline team members in a similar fashion. This platform does exactly that and at virtually no cost to franchisees.”
Once a hotel opts-in and is setup on the Béné platform, guests can easily recognize the team member of their choice by scanning a QR code during their stay and choosing how much they would like to tip. QR codes are unique to each team member and tips are deposited daily either directly into their individual bank accounts or into the property’s account to be distributed with regular payroll. The platform accepts multiple forms of payment, including credit card, Apple Pay® and Google Paytm. Similar to other digital payment services, platform costs are covered by guests via a small transaction fee, leaving franchisees responsible only for basic marketing materials, which they can either order directly from Béné at a minimal cost or create themselves.
Added Strickland, “The beauty of this solution is its simplicity and how easy it is for our franchisees to allow their guests to make the switch from cash to digital. There’s no app to download and no software to install. It’s entirely web-based, which means so long as guests have a phone and an internet connection, they’re able to tip and show their appreciation.”
Wyndham’s push for mobile tipping comes amid the Company’s broader celebrations supporting International Housekeepers & Environmental Services Week, a global initiative sponsored by The Indoor Environmental Healthcare and Hospitality Association (IHEA), dedicated to recognizing the efforts of housekeepers and custodial staff members. Held every year during the second full week of September, Wyndham leadership, along with its franchisees, are spending the week celebrating housekeepers at hotels around globe, making in-person visits while giving away an array of awards and prizes, including millions of Wyndham Rewards points.
“At the heart of every great hotel is a great team of housekeepers,” said Scott LePage, president, Americas, Wyndham Hotels & Resorts. “This week is all about celebrating them and all that they do for both guests as well as our industry. While we invite everyone to join us in showing their thanks this week, our greater hope is that through initiatives like mobile tipping, we can empower guests by making it easier for them to show their appreciation with every stay, no matter the time of year.”
Mobile tipping is the latest initiative as part of Wyndham Hotels & Resorts ongoing, multi-year, digital transformation. Over the past three years, the Company has significantly invested in new technology to enhance the guest experience while delivering best-in-class resources and enhanced operational efficiencies for its franchisees. Earlier this year, it launched Road Trip Planner, an innovative new tool allowing travelers to seamlessly plot, plan and book their ideal road trip via Wyndham’s award-winning mobile app and more recently, debuted RevIQ, a next-generation, cloud-based, mobile-first revenue management system designed to help franchisees optimize their revenue strategies and grow market share.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,000 hotels across over 95 countries on six continents. Through its network of approximately 819,000 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 23 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. The Company’s award-winning Wyndham Rewards® loyalty program offers over 95 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.
New-construction hotel in Plano, Tex. is the first ground break for the extended-stay brand with 72 hotels in the development pipeline
PARSIPPANY, N.J. (September 7, 2022) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across 95+ countries, celebrates today the first groundbreaking of its new extended-stay brand, in Plano, Texas. The all new-construction brand, operating under the working title “Project ECHO” is seeing great momentum with 72 hotels in the development pipeline as of the end of the second quarter.
“This is a milestone moment for Wyndham, as we break ground on our first hotel under this innovative, extended-stay hotel brand,” said Geoff Ballotti, president and chief executive officer, Wyndham Hotels & Resorts. “Demand for extended-stay accommodations continues to surge as interest continues to grow among both guests and developers. As the nation’s leader in economy and midscale hotel accommodations, this is the ideal time to introduce a cost-friendly and all new-construction brand, starting with this important and growing Texas market.”
Conveniently located just a few miles from Dallas along the southeast corner of Highway 121 and Rasor Boulevard in Plano, this first groundbreaking for the new extended-stay hotel brand is close to the city’s nearby shopping, dining, and outdoor offerings. Named “one of the happiest places in the country,” Plano offers incredible nature preserves and a variety of arts and cultural activities. The hotel is owned by Gulf Coast Hotel Management and is expected to open in the second half of 2023.
“This new development will offer a modern, extended-stay product with all the conveniences of home for both leisure and business travelers visiting north Texas,” said Ian McClure, chief executive officer, Gulf Coast Hotel Management. “We were attracted to Wyndham for this project due to their expertise, and how this new brand is custom-designed with the developer in mind.”
The purpose-built, 124-room Project ECHO prototype requires just under two acres of land, has a highly competitive cost per key, and features multiple characteristics that intentionally separate it from traditional economy brands. Coming in at just over 50,000 square-feet—nearly 74 percent of which is rentable—individual rooms average 300 square-feet. The rooms consist of single- and two-queen studio suites with kitchenettes as well as efficiently-designed public spaces—a lobby, fitness center and guest laundry—that help to limit labor needs.
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,000 hotels across over 95 countries on six continents. Through its network of approximately 819,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. The Company’s award-winning Wyndham Rewards® loyalty program offers over 95 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.
One lucky at-home fan can win one million Wyndham Rewards points
GREENSBORO, N.C. (August 3, 2021) – Wyndham Rewards®, the world’s most generous rewards program spanning more than 50,000 hotels, vacation club resorts and vacation rentals, returns to Sedgefield Country Club this week as proud title sponsor of the 83rd annual Wyndham Championship, bringing with it the chance for fans at the course and at home to win their share of over 100 million Wyndham Rewards points.
“The Wyndham Championship is one of the most fan-friendly stops on the PGA TOUR, and we want this year’s tournament to be more rewarding than ever before,” said Lisa Checchio, chief marketing officer at Wyndham Hotels & Resorts. “From points for free night giveaways at the tournament to a chance to win one million Wyndham Rewards points just by watching at home, fans this year won’t just be dreaming about getting away with Wyndham, they can actually win the points to do it!”
A Return to Points Paradise Broadcasting on Golf Channel and CBS, this year’s Wyndham Championship will transport fans to a tropical, vacation-themed oasis. Signature course elements like Club Wyndham Beach and the tournament’s iconic sand sculpture are back and joined by fan favorite spots like Margaritaville at the Wyndham, the Wyndham Rewards Earner® Card Club, the USO Patriots Outpost presented by Truist and Heroes Vacation Club and more.
Also back this year is the Wyndham Rewards Points Paradise Pavilion. Thursday through Sunday, fans are invited to participate in a four-day interactive digital scavenger hunt that will have them searching course grounds for Wyndham Rewards branded QR codes. Using their mobile phones, fans will scan each code they find, unlocking Wyndham Rewards points along the way. The more codes they scan, the more points they’ll unlock—up to a four-day total of 15,000 points—enough for a weekend away at thousands of Hotels by Wyndham. Kids are invited to play as well for a chance to win instant prizes.
At-home fans in the U.S. can also get in on the fun by participating in this year’s watch and win experience, earning up to 3,000 points—enough for a discounted hotel stay at thousands of hotels—with a chance to win the grand prize: one million Wyndham Rewards points. To play, all fans need to do is tune into the tournament Saturday on CBS and keep an eye out for one of three larger-than-life, road-trip themed, sand sculptures. Upon spotting any one of the sculptures, they should head to WyndhamRewards.com, where they can click on the Points Paradise banner and indicate on which hole they spotted the sculpture. The first 5,000 at-home fans to log on and answer correctly will earn 3,000 Wyndham Rewards points while one-lucky fan will be randomly selected to win one million Wyndham Rewards points. No purchase is necessary to enter or win.
Millions of points will be available to claim for both of the above activations and fans must be members of Wyndham Rewards, which is free-to-join, to claim any earned rewards. Wyndham Rewards points will be distributed approximately 7-10 days post tournament and must be claimed by October 31, 2022. For more details on both of the above activations, including full terms and conditions, visit www.wynpointsparadise.com.
Two Leading Travel Companies, One Award-Winning Rewards Program The proud title sponsor of the Wyndham Championship since 2018, Wyndham Rewards is the blue thread that ties together the global portfolios of two of the world’s largest travel companies: Wyndham Hotels & Resorts, the world’s largest hotel franchising company and Wyndham Destinations, the world’s largest vacation ownership business, part of Travel + Leisure Co.
Consistently recognized by readers of USA TODAY as the number one hotel rewards program, no matter where or how you travel, Wyndham Rewards helps make those travels more rewarding. Members earn a guaranteed 1,000 points with every qualified stay and can redeem points towards free nights at tens of thousands of hotels, vacation club resorts and vacation rentals around the world or a host of other rewards like tours, activities, gas discounts, gift cards, shopping and more.
Wyndham Championship Fore! Good Creating positive impact in the community is a hallmark of the Wyndham Championship, and Wyndham Championship Fore! Good—the tournament’s signature philanthropic platform—helps give back to worthy causes in central North Carolina and beyond.
This year, in support of Wyndham Championship Fore! Good, when a PGA TOUR golfer makes birdie or better on the 15th, 16th or 17th hole during the third and fourth rounds on Saturday and Sunday, Wyndham Rewards will donate $500 to one of the Championship’s signature charities via “Birdies Fore Backpacks.” In addition, Thursday through Sunday, should a PGA TOUR golfer make a hole-in-one on the par-3 16th hole, Wyndham Rewards will donate an additional 250,000 Wyndham Rewards points to all four signature charities, for a combined total of one million Wyndham Rewards points.
Through Birdies Fore Backpacks, Wyndham Rewards works with local organizations—Backpack Beginnings, Forsyth Backpacks, Out of the Garden Project and United Way of Greater High Point—to help feed children from low-income families around the Piedmont Triad region of North Carolina. Backpacks are packed with nutritionally-sound meals, which families take home every weekend. Just $5 can feed one child for a weekend while $150 can feed a child for a school year. Since its creation in 2014, the program has provided more than 750,000 meals to thousands of local families.
The Wyndham Championship runs through Sunday, Aug. 7. Teachers, first responders and members of the military are invited to attend for free along with a guest after submitting proper registration. To learn more, or to purchase tickets, visit www.wyndhamchampionship.com.
About the Wyndham Championship
Contested annually on the Donald Ross-designed course at Sedgefield Country Club in Greensboro, N.C., the Wyndham Championship was founded in 1938 and is the sixth-oldest event on the PGA TOUR excluding the Majors. The tournament thanks title sponsor Wyndham Rewards and presenting sponsor Truist for their continued support. Additional tournament information is available at www.wyndhamchampionship.com and the tournament’s social media channels, including the Wyndham Championship Facebook page, Twitter and Instagram.
About Wyndham Rewards
Named the number one hotel rewards program by readers of USA TODAY, Wyndham Rewards® is the world’s most generous rewards program with more than 50,000 hotels, vacation club resorts and vacation rentals worldwide. Designed for the everyday traveler, members earn a guaranteed 1,000 points with every qualified stay and may redeem points for a range of rewards, including free nights at approximately 9,000 hotels or tens of thousands of vacation club resorts and vacation rentals globally through affiliation with Wyndham Destinations and others. Wyndham Rewards has over 95 million enrolled members around the globe. Join for free today at www.wyndhamrewards.com. You’ve earned this.®
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,000 hotels across over 95 countries on six continents. Through its network of approximately 819,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. The Company’s award-winning Wyndham Rewards® loyalty program offers over 95 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.
About Wyndham Destinations Wyndham Destinations is the world’s largest vacation ownership business with more than 245 vacation club resorts around the world that offer a contemporary take on the timeshare model. The brand portfolio — featuring Club Wyndham®, WorldMark® by Wyndham, Margaritaville Vacation Club® by Wyndham, and Shell Vacations Club — offers travelers the chance to own their vacation and explore places they’ve never visited before, year after year. More than 830,000 owners enjoy stays in a home away from home, featuring spacious suites with separate bedrooms, fully equipped kitchens, living and dining areas, as well as resort-style amenities and services. Wyndham Destinations is part of Travel + Leisure Co. (NYSE: TNL). Learn more at WyndhamDestinations.com.
Greensboro’s AAA Four-Diamond award-winning golf resort selects Wyndham Grand as its global sales and marketing partner; Joins Wyndham Rewards, the #1 hotel loyalty program
PARSIPPANY, N.J. (August 2, 2022) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across 95+ countries, today announced the expansion of its flagship Wyndham Grand® brand, adding Greensboro’s award-winning Grandover Resort & Spa to its growing global portfolio.
Named one of North Carolina’s Best Golf Hotels by U.S. News & World Report and ranked Greensboro’s No. 1 Resort by TripAdvisor, Grandover Resort & Spa, a Wyndham Grand Hotel, offers guests a sophisticated and secluded retreat just minutes from the heart of downtown Greensboro. Nestled on 1,600 wooded acres, the 244-room resort features two 18-hole championship golf courses, a world-class spa, tennis courts, fitness center, fine dining and more than 45,000 sq. ft. of flexible meeting space. The resort is also the official host hotel of this week’s Wyndham Championship, the sixth-oldest event on the PGA TOUR, excluding the majors.
“Grandover Resort & Spa is a spectacular property that masterfully captures the essence of what makes every stay with Wyndham Grand so special,” said Jurgen Schafers, Wyndham Grand group vice president and brand leader. “Elevated yet approachable, personable yet polished, it caters to travelers with welcoming, tailored experiences that allow them to make the most of every moment. It’s a tremendous addition to the Wyndham Grand brand and one we know guests, particularly those with a passion for golf, are absolutely going to love.”
Guests of Grandover Resort & Spa, a Wyndham Grand Hotel, will begin seeing nods to the hotel’s new brand affiliation starting today with full integration into Wyndham’s award-winning loyalty program, Wyndham Rewards®, expected later this Fall. Once integrated, guests will be able to earn points on qualified resort stays and redeem for free nights or a wide-array of other rewards. Wyndham Rewards has the distinction of having more free night redemption options than any other major hotel rewards program, offering stays at over 50,000 hotels, vacation club resorts and vacation rentals globally.
Through its affiliation with Wyndham Grand, Grandover will also become the newest hotel to join The Meetings Collection, Wyndham’s curated collection of hotels and resorts in highly sought-after meetings destinations across the U.S. Elevating Wyndham’s support of meeting planners, The Meetings Collection delivers a simple, streamlined way for organizers to source and book exceptional resorts, all while receiving competitive rates and generous rewards.
“As a proud partner of the Wyndham Championship, this move is a natural evolution of Grandover’s longstanding relationship with Wyndham,” said Kelly Harrill, executive vice president of Hospitality at Koury Corporation. “Wyndham is known the world over not only for its iconic brands but what is arguably one of the most compelling rewards programs in our industry today. Being able to tap into the program’s more than 95 million enrolled members, as well as best-in-class technology, sales and distribution platforms, all while maintaining the individuality, character and charm that is the Grandover, made the decision to align with Wyndham Grand an easy one.”
As a Wyndham Grand hotel, Grandover Resort & Spa joins an exclusive and growing brand portfolio of nearly 70 upper-upscale hotels located in some of the most sought-after destinations around the world, including Shanghai, Istanbul, Doha, Salzburg and Orlando. Approachable by design, hotels are known for the spectacular locales, striking architecture and intuitive service. Learn more and book your next stay at www.wyndhamgrand.com.
Additional photos associated with the above release can be downloaded here.
About Grandover Resort & Spa, a Wyndham Grand Hotel Nestled on 1,600 wooded acres, Grandover Resort & Spa, a Wyndham Grand Hotel, is one of North Carolina’s premier golf destinations and Greensboro’s first-ever AAA Four-Diamond Award hotel. Offering 244-rooms, including five luxurious suites, the resort is just minutes from downtown Greensboro and features two 18-hole championship golf courses, a world-class spa, tennis courts, fitness center, fine dining and more than 45,000 sq. ft. of flexible meeting space. The resort is the centerpiece of Grandover, a multi-experience community developed and managed by family-owned Koury Corporation offering shopping, dining and recreation as well as business and residential spaces. For more information, or to book your next stay, visit www.grandoverresort.com.
About Wyndham Grand Travel is the best excuse to enjoy the grand things in life. With locations in some of the world’s most sought-after vacation destinations – including Shanghai, Istanbul, Doha, Salzburg and Orlando – Wyndham Grand® hotels transform ordinary moments into unforgettable experiences. Approachable by design, Wyndham Grand helps travelers make every moment count. Book your next escape at www.wyndhamgrand.com. You can also like and follow Wyndham Grand on Facebook and Instagram. For hotel development opportunities, visit www.development.wyndham.com.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,000 hotels across over 95 countries on six continents. Through its network of approximately 819,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. The Company’s award-winning Wyndham Rewards® loyalty program offers over 95 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.
Company Raises Full-Year 2022 Outlook and Grows Global Development Pipeline by 9% to a Record 208,000 Rooms
PARSIPPANY, N.J., July 26, 2022 – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended June 30, 2022. Highlights include:
Global RevPAR grew 23% compared to second quarter 2021 in constant currency.
System-wide rooms grew 3% year-over-year, including 2% of growth in the U.S. and 4% of growth internationally.
Hotel Franchising segment revenues grew 18% year-over-year.
Diluted earnings per share of $1.00 and adjusted diluted earnings per share of $1.07.
Net income of $92 million and adjusted net income of $99 million .
Adjusted EBITDA of $175 million.
Year-to-date net cash provided by operating activities of $242 million and free cash flow of $224 million.
Domestic development signings increased 77%, including 22 new construction projects for the Company’s new extended-stay brand, bringing the total number to 72 since launch in March.
Completed the sale of the Wyndham Grand Rio Mar Resort.
Returned $171 million to shareholders through $142 million of share repurchases and a quarterly cash dividend of $0.32 per share.
Company raises full-year 2022 outlook.
“We kicked off our high-demand summer season with the strongest Memorial Day we’ve ever experienced, as guests traveled further, stayed longer and spent more at our hotels than they did pre-pandemic,” said Geoffrey A. Ballotti, president and chief executive officer. “Our business experienced another strong quarter performing above both last year and 2019 as international recovery accelerated and our development teams grew our pipeline to a record level. Our second quarter results once again demonstrated the strength and durability of our business model and we are well on track to deliver on our 2022 commitments.”
Fee-related and other revenues increased 10% year-over-year to $354 million as the impact from the increase of global RevPAR and higher license fees were partially offset by a $21 million impact from the sale of the Company’s owned hotels and the exit of its select-service management business.
The Company generated net income of $92 million, or $1.00 per diluted share, an increase of $24 million, or $0.27 per diluted share, reflecting higher adjusted EBITDA, lower depreciation and amortization expense due to the sale of the Company’s owned hotels and lower expenses associated with the early extinguishment of debt. Adjusted EBITDA increased $7 million, or 4%, versus 2021 to $175 million reflecting the revenue growth, which was partially offset by an $8 million impact from the sale of the Company’s owned hotels and the exit of its select-service management business as well as a $2 million unfavorable timing impact from the marketing fund.
Full reconciliations of GAAP results to the Company’s non-GAAP adjusted measures for all reported periods appear in the tables to this press release.
System Size
The Company’s global system grew 3%, reflecting 2% growth in the U.S. and 4% growth internationally. As expected, these increases included strong growth in both the higher RevPAR midscale and above segments in the U.S. and the direct franchising business in China, which grew 7% and 12%, respectively. The Company remains solidly on track with its goal of achieving a retention rate above 95% and its net room growth outlook of 2 to 4% for the full year 2022.
RevPAR
Second quarter RevPAR grew 23% globally in constant currency, including 15% growth in the U.S. and 59% growth internationally. The increase is approximately 80% driven by stronger pricing power and 20% driven by higher occupancy levels.
Business Segment Discussion
Hotel Franchising revenues increased 18% year-over-year to $335 million primarily due to the global RevPAR increase and higher license and other fees. Hotel Franchising adjusted EBITDA increased 11% to $185 million reflecting the growth in revenues, partially offset by a 340 basis point unfavorable timing impact from the marketing fund.
Hotel Management revenues decreased 59% year-over-year to $51 million, including a $53 million decrease in cost-reimbursement revenues, which have no impact on adjusted EBITDA. Absent cost-reimbursements, Hotel Management revenues decreased $19 million, or 50%, to $19 million due to the sale of the Company’s owned hotels and the exit of its select-service management business. Hotel Management adjusted EBITDA decreased $10 million year-over-year reflecting the same.
Development
The Company awarded 187 new contracts this quarter compared to 154 in the second quarter 2021. On June 30, 2022, the Company’s global development pipeline consisted of approximately 1,600 hotels and approximately 208,000 rooms, of which approximately 80% is in the midscale and above segments (nearly 70% in the U.S.). The pipeline grew 9% year-over-year, including 17% domestically and 5% internationally. Approximately 62% of the Company’s development pipeline is international and 78% is new construction, of which approximately 36% has broken ground.
Sale of Owned Hotel
On May 24, 2022, the Company completed the sale of the Wyndham Grand Rio Mar Resort in Puerto Rico for gross proceeds of approximately $62 million. There was no gain or loss on the sale as the proceeds approximated adjusted net book value. The Company entered into a 20-year franchise agreement with the buyer.
Cash and Liquidity
The Company generated $242 million of net cash provided by operating activities year-to-date and $224 million of free cash flow. The Company ended the quarter with a cash balance of $400 million and approximately $1.1 billion in total liquidity.
Share Repurchases and Dividends
During the second quarter, the Company repurchased approximately 1.9 million shares of its common stock for $142 million. The Company also paid common stock dividends of $29 million, or $0.32 per share, in the second quarter.
Full-Year 2022 Outlook
The Company is increasing its outlook as follows to reflect future projections related to the Company’s license fees from Travel & Leisure based on their full-year 2022 Gross VOI Sales outlook provided on April 28, 2022 as well as the impact of second quarter share repurchase activity:
(a) Represents the percentage of adjusted EBITDA that is expected to produce free cash flow.
More detailed projections are available in Table 8 of this press release. The Company is providing certain financial metrics only on a non-GAAP basis because, without unreasonable efforts, it is unable to predict with reasonable certainty the occurrence or amount of all of the adjustments or other potential adjustments that may arise in the future during the forward-looking period, which can be dependent on future events that may not be reliably predicted. Based on past reported results, where one or more of these items have been applicable, such excluded items could be material, individually or in the aggregate, to the reported results.
Conference Call Information Wyndham Hotels will hold a conference call with investors to discuss the Company’s results and outlook on Wednesday, July 27, 2022 at 8:30 a.m. ET. Listeners can access the webcast live through the Company’s website at https://investor.wyndhamhotels.com. The conference call may also be accessed by dialing 888 632-3382 and providing the passcode “Wyndham”. Listeners are urged to call at least five minutes prior to the scheduled start time. An archive of this webcast will be available on the website beginning at noon ET on July 27, 2022. A telephone replay will be available for approximately ten days beginning at noon ET on July 27, 2022 at 800 925-9942.
Presentation of Financial Information Financial information discussed in this press release includes non-GAAP measures, which include or exclude certain items. These non-GAAP measures differ from reported GAAP results and are intended to illustrate what management believes are relevant period-over-period comparisons and are helpful to investors as an additional tool for further understanding and assessing the Company’s ongoing operating performance. The Company uses these measures internally to assess its operating performance, both absolutely and in comparison to other companies, and to make day to day operating decisions, including in the evaluation of selected compensation decisions. Exclusion of items in the Company’s non-GAAP presentation should not be considered an inference that these items are unusual, infrequent or non-recurring. Full reconciliations of GAAP results to the comparable non-GAAP measures for the reported periods appear in the financial tables section of this press release.
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,000 hotels across over 95 countries on six continents. Through its network of approximately 819,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. The Company’s award-winning Wyndham Rewards loyalty program offers over 95 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com. The Company may use its website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Disclosures of this nature will be included on the Company’s website in the Investors section, which can currently be accessed at www.investor.wyndhamhotels.com. Accordingly, investors should monitor this section of the Company’s website in addition to following the Company’s press releases, filings submitted with the Securities and Exchange Commission and any public conference calls or webcasts.
Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the federal securities laws, including statements related to the Company’s current views and expectations with respect to its future performance and operations, including revenues, earnings, cash flow and other financial and operating measures, share repurchases and dividends, restructuring charges and statements related to the coronavirus pandemic (“COVID-19”). Forward-looking statements include those that convey management’s expectations as to the future based on plans, estimates and projections at the time the Company makes the statements and may be identified by words such as “will,” “expect,” “believe,” “plan,” “anticipate,” “intend,” “goal,” “future,” “outlook,” “guidance,” “target,” “objective,” “estimate,” “projection” and similar words or expressions, including the negative version of such words and expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, general economic conditions; the continuation or worsening of the effects from COVID-19, its scope, duration, resurgence and impact on the Company’s business operations, financial results, cash flows and liquidity, as well as the impact on the Company’s franchisees and property owners, guests and team members, the hospitality industry and overall demand for travel; the success of the Company’s mitigation efforts in response to COVID-19; the Company’s performance during the recovery from COVID-19 and any resurgence or mutations of the virus; various actions governments, businesses and individuals continue to take in response to the pandemic, including stay-in-place directives (including, for instance, quarantine and isolation guidelines and mandates), safety mitigation guidance, as well as the timing, availability and adoption rates of vaccinations, booster shots and other treatments for COVID-19; concerns with or threats of other pandemics, contagious diseases or health epidemics, including the effects of COVID-19; the performance of the financial and credit markets; the economic environment for the hospitality industry; operating risks associated with the hotel franchising and management businesses; the Company’s relationships with franchisees and property owners; the impact of war, terrorist activity, political instability or political strife; risks related to restructuring or strategic initiatives; the Company’s ability to satisfy obligations and agreements under its outstanding indebtedness, including the payment of principal and interest and compliance with the covenants thereunder; risks related to the Company’s ability to obtain financing and the terms of such financing, including access to liquidity and capital; and the Company’s ability to make or pay, plans for, and the timing and amount of any future share repurchases and/or dividends, as well as the risks described in the Company’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequent reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise.
The family-friendly hotel brand launches nationwide search for one travel-ready, social-savvy family eager to help showoff the best of the Midwest
PARSIPPANY, N.J., (July 20, 2022) – Funnel cake. Thrill rides. Snacks on a stick. Every summer, millions head to the Midwest to experience all that its iconic state fairs have to offer. But which has the finest Ferris wheel? The cheesiest cheese curds? The most delicious deep-fried delicacies? AmericInn by Wyndham, the family-friendly hotel brand known for being America’s welcoming neighbor, is looking for the one travel-ready, social-savvy family to hit the road this summer and find out. Best of all, the gig comes with a $15,000 payday.
From Kansas to Minnesota, the Midwest’s state fairs are a quintessential American summer tradition with each promising a midway of activities, foods, and the nation’s top music stars. AmericInn’s first-ever State Fair Family will have the enviable task of soaking it all in, visiting a minimum of three iconic state fairs over the course of a week and sharing their insights and experiences via social media along the way. In exchange, the winning family will find themselves on the receiving end of a $15,000 payday, inclusive of a $10,000 travel stipend and $5,000 cash. The job also comes with a suitcase full of AmericInn swag, an upgrade to Wyndham Rewards Diamond membership and bragging rights for what just might be the coolest summer job ever.
“Just like state fairs, AmericInn hotels are a staple of the Midwest, connecting guests to incredible experiences throughout the heartland of America,” said Clem Bence, vice president and brand leader, AmericInn by Wyndham. “Our first-ever State Fair Family will create memories of a lifetime as they discover the best that summer fairs have to offer while relishing in the comforts of home at AmericInn.”
Now through August 3, families interested in becoming the first-ever AmericInn State Fair Family can submit a written or video application at www.americinn.com/fairfamily or by emailing [email protected]. Submissions should highlight what makes each family the ideal candidate while showcasing personality and social savviness.
About the Role:
This dream job entails road tripping with your family to some of America’s most iconic state fairs and creating lasting memories through captured moments on social media. Your family’s creative content and experiences will be featured on the AmericInn brand website and social media channels.
Responsibilities:
Attend at least three separate Midwest state fairs over the course of one-week this summer.
Document your adventures in real-time with unique photo and video content.
Contribute to the future AmericInn “Best of the Midwest Fair Guide.”
Inspire others by sharing your experiences on your social media channels.
Qualifications:
A social-media savvy family with active social media accounts (TikTok and Instagram preferred).
Parents or guardians must be at least 21 years old.
U.S. resident with a valid federal or state-issued ID and ability to drive to select locations.
Availability to travel between late-August and mid-September.
The Perks:
7 paid nights at AmericInn hotels
$10,000 travel stipend
$5,000 cash
Wyndham Rewards® Diamond level membership
Suitcase full of AmericInn swag
One awesome back-to-school story
How to Apply:
Visit americinn.com/fairfamily or email [email protected] by August 3, 2022 to submit a 300-word minimum written entry and family photo or 1–3-minute video describing what makes your family the ideal candidate for the job. Families should also provide the handles to any public and active social media accounts. Video submissions are highly encouraged to help assess applicants’ storytelling skills and social savviness before selecting the family for the job.
Applications must be submitted by adults 21 years and older and the entrant must have consent for all parties in the video. Families must be available to travel nationally in late August and September 2022. Entries must comply with official rules.
AmericInn will select the winning family on or about during the week of August 4, 2022. No purchase is necessary to enter. Approximate retail value of the award package is $16,500. For more information, including official rules, visit www.americinn.com/statefairfamily.
About AmericInn by Wyndham AmericInn by Wyndham prides itself on delivering quality stays and genuine, neighborly service at more than 200 locations across the United States. Contemporary curb appeal, consistency and guest satisfaction are the brand’s specialties, providing a warm retreat complete with hot breakfast, high-speed Wi-Fi, and warm java on the house. For more information, visit www.americinn.com, and like AmericInn on Facebook.
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with over 8,900 hotels across over 95 countries on six continents. Through its network of over 813,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. The Company’s award-winning Wyndham Rewards loyalty program offers approximately 94 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.
Innovative new program pairs first-of-their-kind BOLD IncubatorSM events with the power of
Wyndham to address development challenges unique to the Black community –
Stonecrest Resorts CEO Vaughn Irons joins as BOLD’s inaugural member, unveils plans for a new 110-room TRYP® by Wyndham hotel in Atlanta’s Stonecrest suburb
PARSIPPANY, N.J. (July 13, 2022) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with more than 8,900 hotels in 95+ countries, announced today BOLD by Wyndham, a new program designed to engage and advance more Black entrepreneurs on their path to hotel ownership. Developed with insight and support from existing and aspiring Black hoteliers, BOLD, which stands for Black Owners and Lodging Developers, aims to expand awareness for the unique challenges faced by Black entrepreneurs while using the scale and resources of Wyndham to help address those challenges and increase the number of Black hoteliers.
“Wyndham Hotels & Resorts has always championed diversity, equity and inclusion both within our Company and throughout the greater travel industry,” said Geoff Ballotti, President and CEO, Wyndham Hotels & Resorts. “Earlier this year we launched Women Own the Room—the industry’s first-ever program targeting women’s advancement in hotel ownership— and now have more than a dozen by-Wyndham hotels under development with women owners. With today’s debut of BOLD by Wyndham, we’re looking to further leverage the power of Wyndham and create even more development opportunities for underrepresented ownership groups.”
The National Association of Black Hotel Owners, Operators and Developers (NABHOOD) reports that Black employment in the hotel industry represents nearly 20% of all team members in the industry, yet, less than 2% of hotel owners are Black. Meanwhile, McKinsey reports 20% of Black Americans are starting or currently running businesses – more than any other ethnic group. BOLD is Wyndham’s approach to attract more Black entrepreneurs to hospitality as well as help accelerate those already familiar with the significant opportunities hotel ownership provides, offering the tools and guidance needed to achieve success.
“Combine the natural challenges of entrepreneurship with the lasting effects of systemic racism, and the result is that Black entrepreneurs are woefully underrepresented in hotel ownership,” said Galen Barrett, vice president, Strategic Development for Wyndham Hotels & Resorts. “It’s why we connected directly with existing and aspiring Black hoteliers to help us create BOLD by Wyndham. Understanding their unique needs—and how they differ from other underrepresented groups—was critical for building a program that can help overcome barriers and put the keys to hotel ownership in their hands.”
Engaging and Empowering Black Hotel Ownership
BOLD is founded on two key building blocks: attracting more Black entrepreneurs to hospitality by promoting hotel ownership as a vehicle for potential wealth creation and accelerating the path to hotel ownership.
Laying the Foundation – Opening the doors to hospitality through education and outreach is essential to advancing Black hotel ownership. Through BOLD, Black entrepreneurs can participate in Wyndham-sponsored networking and educational events and receive resources designed to help explore if hotel ownership is right for them and what it takes to be a successful hotelier. During each event, participants will have the chance to learn more about ownership, common barriers and how to overcome them, tips for securing financing and more.
Accelerating the Path to Ownership – For Black entrepreneurs who already know that hotel ownership is the right choice for them, BOLD exists to eliminate barriers and help expedite the route to ownership. Wyndham will provide qualified members with access to enhanced capital and operational support; financing opportunities, including lender introductions; and discounts with preferred suppliers. Qualified members will also be invited to participate in signature BOLD IncubatorSM events, connecting them with committed lenders and brokers and offering the opportunity to explore partner/joint venture opportunities and package development deals that come with additional capital support.
Vaughn Irons’ BOLD Vision for Priví Stonecrest
Vaughn Irons, Principal, Stonecrest Resorts, is the inaugural member of BOLD by Wyndham having recently been awarded a new construction 110-room TRYP by Wyndham franchise in the Atlanta suburb of Stonecrest, Ga. The hotel will be a welcome enhancement to Stonecrest Resorts’ current $17 million adaptive reuse project, Priví, which is transforming The Mall at Stonecrest into a family entertainment and lifestyle destination. Stonecrest Resorts has already successfully developed the 25,000 sq. ft. SeaQuest Aquarium in the first phase of their Priví Stonecrest project, which opened November 2021. The 2nd phase is already underway and will soon add a health & wellness complex, fine art gallery, bookstore, coffee shop, incubator for creatives and 5,000 sq. ft. events facility. The new construction hotel is a cornerstone of the project’s next phase, which will introduce new lifestyle elements, including a 50,000 sq. ft. chef driven food hall, history museum, fashion designer emporium and expanded family entertainment. These elements will increase the total investment of the Privi project to $35 million with the hotel expected to break ground in early 2023.
“We’re not just creating a new one-of-a-kind gathering place for those in east metro Atlanta,” said first-time hotelier, Irons. “Priví is an economic development project solidifying Stonecrest as a tourism destination and drawing visitors from all around the Southeast and eventually internationally. Throughout each and every interaction Wyndham has been a true partner in listening to fully understand our tourism potential and delivering on our needs to offer a lifestyle brand experience in Stonecrest.”
Having the backing of Wyndham, means having the support and resources of the world’s largest hotel franchising company behind our community’s desire to be a safe-haven for Black excellence and wealth creation.”
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties with more than 8,900 hotels in 95+ countries on six continents. Through its network of over 813,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. The Company’s award-winning Wyndham Rewards loyalty program offers approximately 94 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.
Cloud-based, mobile-first solution from industry leader IDeaS prioritizes owner control and flexibility, pairing state-of-the-art capabilities with performance-driving data and analytics
PARSIPPANY, N.J. (June 28, 2022) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with more than 8,900 hotels across over 95 countries, today unveiled RevIQ, a next-generation, cloud-based, mobile-first revenue management system designed to help franchisees further optimize their revenue strategies and grow market share.
Created in collaboration with IDeaS, an industry leader in hotel revenue management software, RevIQ is built specifically for the needs of Wyndham franchisees and is designed to deliver top-tier performance while keeping control, flexibility and simplicity at the forefront. Leveraging real-time data and analytics to make automatic pricing recommendations and adjustments, the platform seamlessly integrates with Wyndham’s best-in-class property management systems and allows franchisees to optimize their strategies based on their own market insights—a key competitive differentiator.
“No one knows their business, competition or market better than our franchisees,” said Vikram Pradhan, group vice president, Global Revenue Management, Wyndham Hotels & Resorts. “For those reasons, it was critical we create a platform that, while powerful and robust in its data and analytics, also enables franchisees to incorporate their own knowledge and insights. RevIQ does exactly that, making it a simple, intuitive, easy-to-use tool that is as beneficial to experienced hoteliers as it is to those running their very first hotel.”
“What I love about RevIQ is it allows me to put my hotel’s revenue management strategy on autopilot, freeing my time to focus on other parts of the business while helping ensure I’m always getting the best possible return on every available room,” said Prativ Patel, owner of the Super 8 by Wyndham in San Bruno, Calif. and a member of the Super 8 by Wyndham Franchise Advisory Council. “It’s a game changer for Wyndham franchisees.”
Wyndham was the first major hotel company to introduce an automated revenue management system at scale in the economy and midscale segments, first deploying the system across its portfolio in 2015. RevIQ, the company’s latest offering, builds on that leadership position by delivering smart revenue management capabilities anytime, anywhere and on any device, with core benefits falling into three distinct categories:
Control – Hotel owners can create a custom pricing strategy based on market conditions and competition with full control over who they deem in their competitive set and the ability to change as needed. Competitors are automatically shopped five times daily, with RevIQ instantly adjusting its forecasts and recommendations.
Flexibility – Seamless integration, combined with a cloud-based, mobile-first design and single sign-on allows hotel owners the ability to easily transition between their property management and revenue management systems anytime, anywhere and across any device.
Simplicity – Designed with busy hotel owners and general managers in mind, RevIQ makes it easy to quickly update pricing, manage inventory, switch seamlessly between multiple hotels and more. Rate changes are immediate across all channels while a clean, intuitive interface allows for faster training of new team members.
RevIQ is available now to all Wyndham franchisees running Sabre SynXis Property Hub with plans to roll out to hotels on Oracle’s OPERA Cloud Property Management later this year, with portfolio-wide adoption by 2024. Part of Wyndham’s continued digital transformation, RevIQ is the latest on a growing list of strategic technology investments made by Wyndham as it looks to enhance the guest experience while delivering best-in-class resources and enhanced operational efficiencies for its franchisees. For more information, including hotel development opportunities, visit www.wyndhamdevelopment.com.
About IDeaS
IDeaS, a SAS company, is the world’s leading provider of revenue management software and services. With over 30 years of expertise, IDeaS delivers revenue science to more than 18,000 clients in 144 countries. Combining industry knowledge with innovative, data-analytics technology, IDeaS creates sophisticated yet simple ways to empower revenue leaders with precise, automated decisions they can trust. Results delivered. Revenue transformed. Discover greater profitability at ideas.com.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with over 8,900 hotels across over 95 countries on six continents. Through its network of over 813,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. The Company’s award-winning Wyndham Rewards loyalty program offers approximately 94 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.
Just in time for summer, brand’s newest amenity brightens guests’ stays with on-the-spot compliments
PARSIPPANY, N.J. (June 21, 2022) – They say, a smile is the quickest way to brighten a room. That’s why today, in celebration of the official first day of summer, Days Inn® by Wyndham, the iconic hotel brand known for making days brighter, is releasing a new, limited-edition “complimentary” amenity: a pillow that offers compliments at the push of a button. Voiced by comedic actor Patrick Warburton, it might just be the world’s “nicest” pillow.
Best known for iconic characters like Puddy on the hit NBC comedy Seinfeld, Buzz Lightyear on Buzz Lightyear of Star Command and Joe Swanson on Family Guy, Warburton brings his signature baritone bravado to his newest role with Day Inn and its first-of-its-kind pillow, delivering witty, uplifting messages sure to make any guest smile. From compliments on travelers’ awesome PJs to a delightfully playful serenade that gently wakes guests from their slumber—tenderly sung by Warburton—each pre-recorded message is an extra dose of sunshine designed to ready guests to head out and Seize the Days®.
“The absolute best part of any job in entertainment is getting the chance to make people laugh and smile, which is what made this project with Days Inn such a perfect fit,” said Warburton. “I can’t wait for guests to open their eyes after a great night’s sleep and hear fun and unexpected compliments to help them start their day. It’s officially my new favorite kind of pillow talk.”
Compliments are scientifically proven to go a long way in brightening someone’s day. In fact, a recent study from the Society of Personality and Social Psychology, shows they reduce stress, lift spirits, and give a sense of renewed confidence.
“Days Inn has been delivering smiles to guests for over 50 years and that’s exactly what this pillow does,” said John Henderson, president and brand leader, Days Inn by Wyndham. “From a warm friendly welcome and great comfy bed to free amenities like a light breakfast, inviting pool or fitness center, Wi-Fi and more, Days Inn is all about helping guests Seize the Days and our complimentary pillow is the perfect addition to help start the day off right.”
The new Days Inn Complimentary Pillow is available at the following select cities and locations across the U.S., starting today and is expected to remain available through July 30, 2022:
Anaheim, CA – Days Inn by Wyndham Anaheim at Disneyland Park
Bernalillo, NM – Days Inn by Wyndham Bernalillo
Brunswick, Maine – Days Inn Brunswick Bath Area
Chattanooga, TN – Hotel Bo, Days Inn by Wyndham Chattanooga Downtown
Madison, WI – Days Inn & Suites by Wyndham Madison
Minneapolis, MN – Days Inn by Wyndham University Ave SE
Mystic, CT – Days Inn by Wyndham Mystic
Panama City, FL – Days Inn by Wyndham Panama City Beach/Ocean Front
Pensacola, FL – Days Inn by Wyndham Pensacola – Historic Downtown
San Antonio, TX – Days Inn by Wyndham San Antonio Northwest/Seaworld
Five pillows will be available at each participating hotel. Pillows are available at no cost and will be offered to guests during their stay on a first-come, first-serve basis while supplies last, limit one per room. For more information, visit www.daysinn.com/pillow.
About Days Inn by Wyndham
With 1,600 locations in over 20 countries, Days Inn by Wyndham is one of the largest, most well-recognized hotel brands in the world. Welcoming guests with a warm smile and a clean, inviting room, most locations offer fast, free Wi-Fi; complimentary light breakfast; swimming pool or fitness center; and more. Whether it’s small town or downtown, a trip with family or a getaway with friends, count on Days Inn by Wyndham for a great stay paired with a little extra sunshine along the way. Seize The Days and book your next stay at www.daysinn.com. You can also like and follow us on Facebook, Instagram, Twitter and YouTube. For development opportunities, visit www.wyndhamdevelopment.com.
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with over 8,900 hotels across over 95 countries on six continents. Through its network of over 813,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. The Company’s award-winning Wyndham Rewards loyalty program offers approximately 94 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
The collection is positioned to continue its significant momentum with 75 hotels in the development pipeline
PARSIPPANY, N.J. (June 6, 2022) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with over 8,900 hotels across 95 countries, is celebrating the five-year anniversary of Trademark Collection by Wyndham and the collection’s significant momentum. The brand is designed for travelers seeking distinctive, attainable accommodations in sought-after destinations with each Trademark hotel maintaining its own unique attributes. Trademark has more than 145 hotels open with more than 35 opening in just the last 18 months. The Company expects Trademark to remain on a steady growth trajectory with 75 hotels in its development pipeline and upcoming openings expected in key markets such as Miami and Key Largo, Fla.; Cleveland, Ohio; and Kissimmee, Fla.
“Hospitality entrepreneurs are attracted to the Trademark Collection, as they can retain their own vision and hotel’s character, while being backed by Wyndham and our unwavering support,” said Chip Ohlsson, Chief Development Officer, Wyndham Hotels & Resorts. “Each hotel in the Trademark Collection by Wyndham is truly unique and independent, offering a distinct and authentic experience for guests.”
Wyndham Announces Upcoming Hotels Joining the Trademark Collection
The brand is set to continue its growth in the second half of 2022 and beyond, including:
The Legacy, Trademark Collection by Wyndham in Green Bay, Wis.
Set one block from Lambeau Field in the Green Bay Legends District, this sleek new construction boutique hotel will break ground in June 2022 and will offer 79 distinguished suites featuring “industrial chic elegance,” a restaurant and bar in the lobby, meeting rooms, a fitness center and a rooftop terrace and bar with comfortable seating and lush landscaping.
The Orbit Hotel, Trademark Collection by Wyndham in Cleveland, Ohio
Located in the suburb of Fairview Park across the street from Cleveland Hopkins International Airport and NASA Glenn Research Center, this former NASA building previously housed over a thousand NASA engineers who were instrumental in the space race and Apollo missions, will emerge as a Trademark Collection hotel with views of Rocky River Reservation and the airport runway. The hotel will feature patented soundproof windows in its 54 guestrooms. Amenities include a pool, fitness center, wellness room and indoor and outdoor dog parks.
Dove Creek Resort & Marina, Trademark Collection by Wyndham in Key Largo, Fla.
This intimate oceanfront resort with 23 guestrooms sits at the southern tip of Key Largo directly on the Atlantic Ocean. The variety of accommodations ranging from ocean-view guest rooms and deluxe studios to one and two-bedroom suites welcome everyday travelers seeking a warm, friendly, uncomplicated and personal getaway. Guests can relax on the shoreline, embark on fishing and diving excursions or visit the adjacent John Pennekamp Coral Reef State Park, America’s first underwater park. The property welcomes transient and business travelers alike and specializes in celebrating memorable business retreats, intimate and unforgettable honeymoons and long-awaited reunions for families and friends.
Trademark Collection Celebrates Recent Openings in Key Global Markets
In the past 18 months, the Trademark Collection has welcomed noteworthy hotels around the world to the portfolio. Recent highlights include:
The Buccaneer Beach & Golf Resort, Trademark St. Croix USVI: A family owned and operated property, this stunning U.S. Virgin Islands resort is a 25-minute drive from Henry E. Rohlsen Airport (STX) and less than a ten-minute drive from the waterfront shops and restaurants in downtown Christiansted. Celebrating its 75th anniversary this year, the 340-acre hotel is the island’s only four-star resort and offers 130 guestrooms and suites.
BEI Hotel San Francisco, Trademark Collection by Wyndham: Set in the heart of San Francisco near the Financial District and Union Square, this boutique hotel is within walking distance from unforgettable local arts, dining, and cultural experiences.
The Beekman Tower, Trademark Collection by Wyndham: A premiere high-rise hotel in the heart of New York City offering visitors modern amenities for a comfortable stay, fine dining, craft cocktails, and easy access to the city’s top highlights and attractions.
MB Hotel, Trademark Collection by Wyndham: Beachfront Bliss in Miami Beach, this hotel is only 13 miles from Miami International Airport (MIA) and five miles from South Beach. Guests can soak up the sun, experience epic nightlife, browse the shops along Lincoln Road Mall or visit top attractions such as the Art Deco Museum, the Holocaust Memorial Miami Beach, and Vizcaya Museum & Gardens.
Leavenworth Local, Trademark Collection by Wyndham: Located right in the heart of downtown Leavenworth, Kan., this hotel is in a converted 1923 high school with original architectural details and unique touches, such as a lounge space set in the former gymnasium. All of the guest rooms and suites are in converted classrooms, and feature chalkboards, as well as kitchenettes with microwave, mini-refrigerator, and cooktop. Guests have easy access to Fort Leavenworth, tours along the Missouri River, and the area’s many boutiques and antique shops.
Los Cabos Golf Resort, Trademark Collection by Wyndham: This relaxing retreat is nestled on the championship Cabo San Lucas Country Club Golf Course and minutes from the Marina Cabo San Lucas, offering fishing, scuba diving and whale watching excursions.
The Americus Hotel, Trademark Collection by Wyndham: A historic, ornate Jazz-Age hotel in Allentown, Pa., this property was built in 1926 and features a majestic ballroom and vintage vibes paired with contemporary amenities. Located near the PPL Center and ArtsWalk, guests can enjoy a stay in the city’s downtown area and check out vintage cars at the America on Wheels Museum, stroll through the Allentown Rose Gardens or explore an exhibit at the Da Vinci Science Center.
Chateau Mar Golf Resort, Trademark Collection by Wyndham: Following an extensive $12 million property-wide renovation, this Lauderhill, Fla. hotel offers an enhanced guest experience through high-tech amenities such as vinyl turntables featuring Bluetooth technology, Echo Dots and Fire Tablets in guestrooms, and robot butlers. The resort is committed to supporting the autism community through hiring opportunities and dedicated hotel amenities and offerings. Hotel team members are trained on autism sensitivity, so autistic travelers and their families and friends are greeted with a welcoming and inclusive environment.
Hotel Avenue Louise Brussels, Trademark Collection by Wyndham: This hotel is set in the business and shopping heart of the Belgian capital, with easy access to the shops along Avenue Louise and important business locations like the European Parliament.
“I have seen firsthand how the support of Wyndham’s global sales, marketing and loyalty teams paired with access to Wyndham’s negotiated discounts with suppliers allows hoteliers to deliver a high-level of service to our guests, while reducing costs and simplifying operations and efficiencies,” said David Crisafi, President of Ceres Enterprises and Wyndham franchisee who is converting a third hotel to a Wyndham brand with the Trademark by Wyndham in Cleveland, Ohio. “By joining the Trademark Collection by Wyndham, we are able to preserve the individuality of our hotel while taking advantage of resources from the world’s largest hotel company.”
About Trademark Collection by Wyndham Each of Trademark Collection by Wyndham’s upper-midscale-and-above hotels around the world – from landmark hotels in Europe, Asia, The Americas and the Caribbean to its flagship hotel, The Galt House Hotel in Louisville, Ky. – boast three common attributes: character, charm, and individuality. Launched in 2017, Trademark Collection is the first Wyndham-brand geared to three- and four-star hotel owners passionate about upholding their hotels’ independent spirit and designed for everyday travelers seeking distinctive, attainable accommodations in sought-after destinations. For more information, visit www.wyndhamhotels.com/trademark.
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with over 8,900 hotels across over 95 countries on six continents. Through its network of over 813,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. The Company’s award-winning Wyndham Rewards loyalty program offers approximately 94 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.
This press release contains “forward-looking statements” within the meaning of U.S. federal securities laws, including the expected addition of hotels and similar statements concerning possible future results or performance. You are cautioned not to place undue reliance on these forward-looking statements, which are not guarantees of future results or performance, speak only as of the date of this press release and are subject to numerous risks and uncertainties, including the risks described in Wyndham Hotels’ most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission, any of which could cause actual results or performance to be materially different from the future results or performance expressed or implied by such forward-looking statements. Except as required by law, The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise.
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