Wyndham’s pairing of these segment-leading brands supports extended-stay demand, provides enhanced amenities for guests, and streamlines operations for developers; the inaugural La Quinta and Hawthorn Suites dual-brand hotel opened today in a suburb of Austin
AUSTIN, TEXAS & PARSIPPANY, N.J., June 2, 2022 –Wyndham Hotels & Resorts (NYSE: WH) – the world’s largest hotel franchising company with over 8,900 hotels across 95+ countries – announced today the opening of the first La Quinta and Hawthorn Suites dual-branded hotel concept in Pflugerville, one of Texas’ fastest-growing suburbs. This first-of-its-kind pairing enables owners to reach guests seeking both extended-stay and leisure and business transient accommodations. This dual-brand concept offers thoughtful amenities and friendly service to deliver an exceptional guest experience and value.
This new brand pairing has contributed to 48 hotels in Wyndham’s now record-setting development pipeline of over 1,500 hotels, that include key markets across the country such as Orlando, Florida; Charlotte, North Carolina; San Antonio, Texas and Yuma, Arizona. La Quinta and Hawthorn Suites target different types of travelers, and this launch provides an opportunity to attract both short and long-term guests for the owners of these new hotels.
The new Pflugerville property has a combined 103 rooms, with 73 featuring La Quinta’s award winning Del Sol prototype guest-room and 30 with the Hawthorn Suites new room design. The Hawthorn room design includes modern, fully-equipped kitchens to bring extended stay guests the comfort and the conveniences of home, while the La Quinta Del Sol prototype features a fresh, stylish, and innovative design, providing guests with comfort and convenience while enabling productivity. The dual-hotel concept is smartly designed to streamline development and operation costs, and includes a shared lobby, spacious modern great room, fitness center, bar, amenities, and back of house all while appealing to the multiple types of travelers that have an affinity for these brands.
“Pairing our leading upper-midscale La Quinta brand with our benchmark extended-stay Hawthorn Suites brand offers expanded options for travelers and supports developers with operational advantages,” said Krishna Paliwal, Wyndham’s president of La Quinta, Hawthorn Suites and head of architecture, design, and construction. “Opening in Pflugerville is particularly exciting, as the suburb is one that has seen significant business and residential growth in recent years, and we’re looking forward to welcoming everyday travelers looking to explore this great destination.”
Ideally situated in Pflugerville’s Stone Hill Town Center, the pet-friendly hotel offers visitors easy access to hometown hotpots such as Typhoon Texas Waterpark, North East Metropolitan Park, and Lake Pflugerville. Just 15 miles northeast of Austin, guests can easily explore the state’s Capitol with a visit to the Austin Zoo, kayak on Lady Bird Lake, ghost hunt through the streets of Austin, or stroll through McKinney Falls State Park. While on property, guests can enjoy the heated outdoor pool and hot tub, visit the 24-7 fitness center, delight in complimentary hot breakfast, and find conveniences such as the business center, convenience store, and laundry facilities.
Interested developers can visit Wyndham’s dual-branded development website or contact the Wyndham Franchise Development team by email at [email protected] for more information.
About La Quinta by Wyndham With over 940 destinations in the Americas, Europe, Asia and Australia, 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 free Bright Side Breakfast®, spacious in-room work areas, and free high-speed internet. For more information about franchising a La Quinta hotel, visit the La Quinta franchise development website.
About Hawthorn Suites by Wyndham Travelers can keep their routines in check when staying longer at over 75 Hawthorn Suites by Wyndham extended stay hotels in the U.S., Europe, Asia and Africa. Creating a welcoming, home-away-from-home experience is what Hawthorn Suites does best, thanks to spacious suites with fully equipped kitchens, guest laundry facilities, and fitness centers. For more information about franchising a Hawthorn Suites, visit the Wyndham franchise development website.
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.
First-of-its kind experience comes as over 80% of U.S. travelers plan to take a road trip
this year, helping them seamlessly create, customize and book multi-hotel itineraries
PARSIPPANY, N.J., May 23, 2022 – Queue up the playlist and pack those snacks because planning the ultimate summer road trip is now easier than ever. Wyndham Hotels & Resorts, the world’s largest hotel franchising company with over 8,900 hotels across more than 95 countries, today announced the launch of Road Trip Planner, the latest digital innovation to its award-winning mobile app. A first-of-its-kind offering from a major hospitality company, the interactive booking tool the road trip discovery, planning and booking process, allowing travelers to seamlessly plot their next trip in minutes. It’s The Easiest Way to Book & GoSM.
Road trips became the go-to vacation for families amid the pandemic and continue to be the preferred way to travel for many this summer travel season. In fact, recent research commissioned by Wyndham for its American Road Trip Index revealed that while over 80% of travelers plan to take a road trip this year, with two-thirds (66%) feeling overwhelmed by trying to figure out where to stay.
“With thousands of hotels across our country’s highways and byways and 22 trusted brands, there is no company better positioned to help travelers experience the road trip of their dreams,” said Jessica Davidson, senior vice president, digital, Wyndham Hotels & Resorts. “With Road Trip Planner, travelers enter a few details about the trip and instantly get an itinerary with all their hotel stops, bookable in one single transaction. It not only eases the stresses of travel planning but ensures the journey is as exciting as the destination.”
A Seamless Solution for Road Trippers
Created to help travelers both at home and on the go, Road Trip Planner is the latest addition to the ever-evolving Wyndham Hotels & Resorts digital platform, further demonstrating the company’s commitment to delivering value to its hotel owners and guests. While guests enjoy a seamless planning and booking experience, owners benefit from direct bookings that are encouraged through the feature’s ability to book multiple hotel stays at once. Key to the design is functionality that enables guests to plan, create and book trips that work for them—from the family looking to head out west and visit our nation’s parks this summer, to long-haul truckers regularly making their way up and down the coast.
Among Road Trip Planner’s key features:
Custom Itineraries – Customize your route from A to B and discover what you love in between. Tailor itineraries filtering by driving time or distance, preferred brands, amenities, pet-friendly locations and more.
Recommended Routes – Leave the planning to us. Map a route with preferred stops or discover a recommended route based on your travel preferences.
Details at Your Fingertips: Stay connected throughout your journey. View multiple reservations on one screen, look up key amenities and share on-property requests ahead of time.
Pay Your Way – Pay in the way that works best for you including Wyndham Rewards points, cash or mix of the two.
Added Davidson, “Built upon the success and strong adoption of our mobile app, Road Trip Planner is the perfect complement to Lightning Book®, which is our Fastest Way to Book DirectSM and enables guests to reserve a hotel in just a few taps. Now, whatever your travel preferences—be it booking last minute or planning far ahead—Wyndham has you covered. Summer, here we come!”
Understanding the Road Tripper Mindset
Earlier this month, Wyndham teamed up with Wakefield Research to commission its first-ever American Road Trip Index, uncovering key insights around travelers upcoming road trip plans while tapping into pop-culture preferences.
Among some of the top insights from travelers:
Pete is the popular pick: 56% would choose to road trip with Pete Davidson over Kim Kardashian, with Gen Z (60%), Gen X (58%) and Boomers (58%) leading the charge. For Millennials (53%), Kim is still queen.
Adele rocks the radio: 34% put her at the top of their perfect road trip playlist, followed by Queen (28%), Bon Jovi (26%) and Bruce Springsteen (24%).
Take away the TV: 59% would sooner give up a month of TV before giving up a week of vacation, with Millennials (67%) and Gen X (66%) being the most eager to trade in their TV remotes.
Apologies to the in-laws: Asked to pick their top 3 road trip companions, 93% would rather road trip with someone other than them, including a best friend (80%), a sibling (61%) or even a member of congress (9%).
Food is the focus: 1-in-2 (50%) put trying a new restaurant among their road trip travel plans while over a third (34%) are looking forward to exploring a small town.
Going the distance: Road trippers plan to travel on average over 700 miles on their next trip, with over a quarter (27%) planning to travel 1,000 miles or more.
Grabbing the wheel: 53% prefer to be the driver over the passenger, with men (73%) overwhelmingly preferring to drive vs. women.
Wyndham’s Road Trip Planner is available today as part of the award-winning Wyndham Hotels & Resorts mobile app. Travelers can download the app via the Apple App and Google Play stores. Wyndham’s mobile app offers mobile check-in and checkout, innovative in-stay features, best-in-class design, personalized experiences, Wyndham Rewards® account management, gamification and more. Users can also take advantage of unique features like Lightning Book®, which makes it easy to book the nearest Wyndham hotel for the night.
Between May 26 to May 30, 2022, members can take advantage of Wyndham’s latest flash sale offer – 8,000 bonus points – redeemable for a $25 Visa prepaid card when they book two-nights or more through Wyndham’s mobile app. Simply tap the Mobile App Flash Sale offer on the app’s home screen to access the offer. Membership in Wyndham Rewards, which is free to join, is required, and non-members can quickly enroll as part of the booking process. A two-night minimum stay is required and stays must be completed by June 30, 2022. For full terms and conditions, visit www.wyndhamhotels.com/app.
Survey Methodology Wyndham Hotels & Resorts Survey was conducted by Wakefield Research among 1,000 Nationally Representative U.S. adults 18+, between May 11th to May 15th, 2022, using an email invitation and an online survey. The survey was weighted to ensure accurate representation of US adults ages 18+. The margin of error for the study is 3.1%.
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.
Company Releases 2022 Environmental, Social, and Governance Report and is Recognized by DiversityInc and Forbes for its Dedication to Diversity
PARSIPPANY, N.J. (May 4, 2022) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with over 8,900 hotels across over 95 countries, released its 2022 Environmental, Social, and Governance (ESG) Report highlighting its dedication to operating in a socially, ethically and environmentally responsible way. These commitments are underscored by recent accolades, including recognition by DiversityInc, which highlighted Wyndham as a company with leading diversity practices for 2022, and Forbes as one of The Best Employers for Diversity 2022.
“The significance of our Company’s vision – to be the world’s leading hotel company by delivering the best value to owners and guests – is more important than ever. We believe as the world’s largest hotel franchisor, we have the responsibility to strengthen the communities in which we serve as we protect the environment for future generations while continuing the growth and success of our global franchise system,” said Geoffrey A. Ballotti, president and chief executive officer, Wyndham Hotels & Resorts. “We have witnessed the incredible resiliency of our owners, guests, and team members during these past two years. And as people return to traveling in record numbers, we look forward to welcoming them to Wyndham where we have a brand for every guest as we work to continue to advance our values-driven culture.”
Focus on Diversity, Equity & Inclusion
Deeply committed to a culture of diversity, equity and inclusion (DEI) across the organization, Wyndham believes that diverse backgrounds, cultures, and experiences help drive the company’s success and was recognized by DiversityInc as a company with leading diversity practices for 2022. The Company was also recently recognized by Forbes as one of The Best Employers for Diversity 2022, and for the fourth consecutive year, Wyndham received another perfect score on the Human Rights Campaign’s 2022 Corporate Equality Index measuring LGBTQ workplace equality.
Wyndham continuously infuses different perspectives into the workplace that reflect its diverse guests, customers, and communities around the world and offers enhanced training to address unconscious biases and racism and also foster allyship.
Advancing its commitment to diversity, Wyndham unveiled its innovative “Women Own the Room” program, the first-ever program by a major hotel company specifically targeting women’s advancement in hotel ownership. Women Own the Room is designed to advance and empower women entrepreneurs to break through the predominantly male-dominated hotel industry and is a natural extension of the brand’s commitment to DEI. The program is generating great interest and has proudly awarded new hotel development contracts to women developers for projects in Colorado, Delaware, Texas, Virginia, Oklahoma, and Florida.
“We have created a culture that fosters an inclusive workplace for our team members, where all individuals are treated with respect and can achieve both personal and professional success,” said, Monica Melancon, chief human resource officer, Wyndham Hotels & Resorts.
Leadership in Sustainability
Wyndham is committed to protecting the environment and demonstrating leadership in environmental programs, policies, and performance. Accelerating those efforts, the Company announced that hotels across the world will be required, as part of their brand standard compliance, to attain level 1 in the Wyndham Green Program by April 2023. The Wyndham Green Program is a five-level certification program that helps reduce a hotel’s environmental footprint, includes a proprietary environmental management tool that tracks data to help hotels improve energy efficiency, reduce emissions, conserve water, and reduce waste while helping drive the owner’s bottom line. Wyndham’s work has been recognized through its participation in CDP’s climate change and water security responses, where it achieved the management band for sustainability performance and disclosure.
Wyndham Hotels & Resorts was recognized as one of America’s Most Responsible Companies for 2022 by Newsweek, which honors those with superior environmental and social responsibility practices. The Company remains committed to reducing the energy and carbon footprint of all Wyndham hotels, and continuously evaluates opportunities to increase efficiencies and the usage of renewable energy where feasible. By 2025, the Company has committed to reducing absolute carbon emissions in Scope 1 and 2 emissions by 15%, compared to the 2019 baseline, and achieving 100% renewable energy at corporate headquarters, and North American offices. The Company’s corporate headquarters has a Gold LEED EBOM and Energy Star Certification and provides team members with complimentary access to electric vehicle charging stations to encourage more sustainable commuting and increase adoption of zero-emission vehicles.
Wyndham Hotels & Resorts prepared its ESG report in accordance with the Global Reporting Initiative (GRI) Standards, integrating the recommendations of the Sustainability Accounting Standards Board (SASB) and the Taskforce on Climate-related Financial Disclosures (TCFD). The company obtained third-party assurance over selected data disclosed in this report, as indicated by the 2021 Assurance Statement included in the report. The report covers the performance of Wyndham Hotels & Resorts, Inc for the 2021 calendar year and includes the Company’s owned and managed operations, unless otherwise stated, as well as enhanced disclosure around risk management. All financial figures indicated in the report are in U.S. dollars, unless otherwise noted.
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.
Global Development Pipeline and First Quarter Domestic RevPAR Grow to Record Levels
PARSIPPANY, N.J., April 26, 2022 – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended March 31, 2022. Highlights include:
Global RevPAR grew 39% compared to first quarter 2021 in constant currency.
System-wide rooms grew 200 basis points year-over-year, including 120 basis points of growth in the U.S. and 330 basis points of growth internationally.
Diluted earnings per share of $1.14 compared to $0.26 in the first quarter 2021; adjusted diluted earnings per share increased to $0.95 compared to $0.36 in first quarter 2021.
Net income of $106 million compared to $24 million in first quarter 2021; adjusted net income of $88 million compared to $33 million in first quarter 2021.
Adjusted EBITDA of $159 million compared to $97 million in first quarter 2021.
Net cash provided by operating activities of $135 million compared to $64 million in first quarter 2021; free cash flow of $125 million compared to $59 million in first quarter 2021.
Completed the exit of its select-service management business.
Completed the sale of the Wyndham Grand Bonnet Creek Resort; the Wyndham Grand Rio Mar Resort is under contract and expected to close in May 2022.
Returned $68 million to shareholders through $38 million of share repurchases and a quarterly cash dividend of $0.32 per share.
“Our exemplary first quarter results demonstrate the power of our brands and the value we are driving to our owners, guests, and shareholders,” said Geoffrey A. Ballotti, president and chief executive officer. “Strong leisure and everyday business travel demand drove RevPAR 4% above 2019 levels domestically and we continued to simplify our operations by exiting our select-service management business and selling one of our two owned assets. Our development pipeline increased 9% to a record 204,000 rooms, including the first 50 deals for our new extended-stay product, and our room openings grew 50% more than last year, putting us solidly on track with our full year net-room growth guidance.”
Fee-related and other revenues increased 36% year-over-year to $316 million primarily reflecting strong ADR growth in the U.S.
The Company generated net income of $106 million, or $1.14 per diluted share, an increase of $82 million, or $0.88 per diluted share, reflecting higher adjusted EBITDA, a gain on the sale of the Wyndham Grand Bonnet Creek Resort and lower net interest expense. Adjusted EBITDA increased $62 million, or 64%, versus 2021 to $159 million reflecting higher revenue and a favorable timing benefit from the marketing fund, partially offset by higher variable expenses at the Company’s owned hotels.
During the first quarter 2022, the Company’s marketing fund revenues exceeded expenses by $7 million; while in first quarter 2021, the Company’s marketing fund expenses exceeded revenues by $7 million.
Full reconciliations of GAAP results to the Company’s non-GAAP adjusted measures for all reported periods appear in the tables to this press release.
System Size
The Company’s global system grew 200 basis points, reflecting 120 basis points of growth in the U.S. and 330 basis points of growth internationally. As expected, these increases included strong growth in both the higher RevPAR midscale and above segments in the U.S. and the direct franchising business in China, which grew 6% 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
First quarter RevPAR grew 39% globally in constant currency, including 38% growth in the U.S. and 46% growth internationally. The increase is approximately two-thirds driven by stronger pricing power and one-third driven by higher occupancy levels.
Business Segment Discussion
Hotel Management revenues increased 5% year-over-year to $99 million, including a $16 million decrease in cost-reimbursement revenues, which have no impact on adjusted EBITDA. Absent cost-reimbursements, Hotel Management revenues increased $21 million, or 91%, to $44 million primarily due to the global RevPAR increase and improved performance at the Company’s owned hotels. Hotel Management adjusted EBITDA increased $15 million year-over-year reflecting the revenue increases, partially offset by higher variable expenses at the Company’s owned hotels.Hotel Franchising revenues increased 30% year-over-year to $272 million primarily due to the global RevPAR increase. Hotel Franchising adjusted EBITDA increased 48% to $155 million reflecting the growth in revenues and a timing benefit from the marketing fund.
Development
The Company awarded 165 new contracts this quarter, including 50 new construction projects for the Company’s new extended-stay brand, compared to 112 in the first quarter 2021. On March 31, 2022, the Company’s global development pipeline consisted of approximately 1,600 hotels and approximately 204,000 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 12% domestically and 7% internationally. Approximately 63% of the Company’s development pipeline is international and 79% is new construction, of which approximately 35% has broken ground.
Exit of Select-Service Management Business
On March 3, 2022, the Company completed the exit of its select-service management business and received proceeds of $84 million from CorePoint Lodging (“CPLG”). The franchise agreements for these hotels remained in-place at their stated fee structure with CPLG’s buyer, Highgate Holdings, Inc. The proceeds received were offset on the Company’s income statement by the non-cash write-off of the remaining balance of the management contract intangible asset that was created upon the acquisition of La Quinta Holdings in 2018.
Sale of Owned Hotels
On March 24, 2022, the Company completed the sale of the Wyndham Grand Bonnet Creek Resort in Orlando for gross proceeds of approximately $121 million and recognized a $36 million gain on sale, which has been excluded from Adjusted EBITDA. The Company entered into a 20-year franchise agreement with the buyer.
The Company is under contract and expects to complete the sale of the Wyndham Grand Rio Mar Resort in Puerto Rico in May 2022. The Company expects to enter into a 20-year franchise agreement with the buyer in connection with the sale.
Balance Sheet and Liquidity
The Company generated $135 million of net cash provided by operating activities in the first quarter of 2022 and $125 million of free cash flow. The Company ended the quarter with a cash balance of $416 million, including $84 million of proceeds received in connection with the Company’s exit of its select-service management business and gross proceeds of approximately $121 million received in connection with its sale of the Wyndham Grand Bonnet Creek Resort. These inflows are reflected within the investing section of the Statement of Cash Flows and therefore not included in the Company’s free cash flow.
At March 31, 2022, the Company had approximately $1.2 billion in total liquidity and its net debt leverage ratio was 2.6 times, below the Company’s 3 to 4 times stated target range. Excluding the proceeds received in connection with the exit of its select-service management business and the sale of the Wyndham Grand Bonnet Creek Resort, which are expected to be redeployed, the net debt leverage ratio was 2.9 times.
In April 2022, the Company amended its $750 million revolving credit facility, extending the maturity from May 2023 to April 2027 on similar terms as the previous facility, and issued a new $400 million senior secured Term Loan A facility, which matures in April 2027. The proceeds from the Term Loan A were used to repay a portion of the Company’s existing Term Loan B facility, which is scheduled to mature in May 2025. There was no increase in rates from the Term Loan B to the new Term Loan A.
Share Repurchases and Dividends
During the first quarter of 2022, the Company repurchased approximately 455,100 shares of its common stock for $38 million at an average price of $83.72 per share.
The Company paid common stock dividends of $30 million, or $0.32 per share, in the first quarter of 2022.
Full-Year 2022 Outlook
The Company is updating its outlook as follows:
(a) Reflects the removal of post-sale revenues related to the Wyndham Grand Bonnet Creek and Wyndham Grand Rio Mar from prior projections.
(b) Reflects the removal from prior projections of depreciation related to the Wyndham Grand Bonnet Creek and Wyndham Grand Rio Mar.
(c) 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, April 27, 2022 at 8:30 a.m. ET. Listeners can access the webcast live through the Company’s website at www.investor.wyndhamhotels.com. The conference call may also be accessed by dialing 866 831-8713 and providing the passcode “Wyndham”. Listeners are urged to call at least five minutes prior to the scheduled start time. An archive of this webcast will be available on the website beginning at noon ET on April 27, 2022. A telephone replay will be available for approximately ten days beginning at noon ET on April 27, 2022 at 800 839-4992.
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 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 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.
PARSIPPANY, N.J. (April 11, 2022) – Do you have the “ulti-mutt” tips for navigating travel with a pup? To celebrate National Pet Day on April 11, Baymont® by Wyndham—the midscale hotel brand known for its “Hometown Hospitality” with more than 500 hotels across North America, nearly two-thirds of which are pet friendly—is launching a nationwide search for the best pup-friendly travel tips. In exchange, 10 pup parents will receive a free weekend hotel stay for two while their tips, and their pups, are featured in an upcoming travel planner helping first-time owners navigate the ins and outs of traveling with a pet.
According to a survey by the ASPCA, more than 23 million American households acquired a pet during the pandemic.[1] Now, many first-time pet owners are figuring out how to travel with their furry friends on their next vacation. Lucky for them, Baymont is here to help make their travel planning experience a little less “ruff.”
“When planning a trip, there are number of things to consider. Add a pet to the mix, especially for the first time, and it may feel a little overwhelming—but it doesn’t have to be,” said David Unger, brand leader and vice president of Operations, Baymont by Wyndham. “At Baymont, we want to make travel easy, especially when our furry friends are involved. It’s why we offer no-cost perks like dog treats and water bowls at our front desks. This initiative builds on those efforts, helping ensure our guests – the two or four-legged kind – have a great trip, even before they arrive.”
Amongst all the tips received, Baymont by Wyndham will select the 10 best and feature them in its upcoming pet-friendly travel planner, debuting later this year, alongside a corresponding photo of each winning pup. In exchange for their help, each proud pup’s parent(s) will receive two free nights at the Wyndham Rewards hotel of their choosing, along with a complimentary one-year upgrade to Wyndham Rewards Diamond membership which includes perks like free WiFi, early check-in, late checkout, suite upgrades, rental car upgrades and more.
Think you’ve got what it takes to lead the pack? Parents are invited to submit their best pup-friendly travel tip in 100 words or less, as well as two high-resolution photos of their pup—one headshot and one travel-themed photo—to [email protected]. Submissions will be accepted up until 11:59 PM ET on May 11, 2022. The winning candidates will be selected on or about June 7, 2022.
Baymont is committed to making travel easy for the entire family. Pet-friendly hotels, along with their policies, are easily searchable on www.BaymontInns.com while the brand’s Baymont Buddy program—available at more than 300 locations—lets guests request a complementary water bowl and dog treats upon arrival.
For more information about Baymont’s latest pup-centric program, including official rules, visit www.baymontinns.com/petfriendly.
About Baymont by Wyndham
Good, old-fashioned service never goes out of style, and it’s a stand-out staple at Baymont by Wyndham’s more than 500 midscale hotels throughout North America. Baymont’s signature “hometown hospitality,” which offers guest-centric comforts like friendly service with a smile, fresh chocolate chip cookies at check-in, and free breakfast at every Baymont Breakfast Corner,® is a driving force behind the brand’s ability to triple its system size since being acquired in 2006. Additionally, Wyndham Rewards’ overall share of occupancy for Baymont has grown to nearly one out of every two guests. For more information, visit www.baymontinns.com. Like us on Facebook and follow us on Twitter. For development opportunities, visit www.wyndhamdevelopment.com.
About Wyndham Rewards Named the number one hotel rewards program by readers of USA TODAY, Wyndham Rewards® is the world’s most generous rewards program with more than 50,000 hotels, vacation club resorts and vacation rentals worldwide. Designed for the everyday traveler, members earn a guaranteed 1,000 points with every qualified stay and may redeem points for a wide-range of rewards, including free nights at any of 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 92 million enrolled members around the globe. Join for free today at www.wyndhamrewards.com. You’ve earned this.®
Steady new-construction growth for the La Quinta brand continues with latest opening, set just minutes from the Santa Cruz Beach and Boardwalk in California
SANTA CRUZ, Calif. (March 29, 2022) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries, today announces the opening of La Quinta Inn & Suites Santa Cruz in Calif. This opening marks the latest addition to the La Quinta portfolio, which includes more than 920 hotels. There are approximately 180 hotels in the La Quinta development pipeline, with additional openings scheduled this year in key U.S. markets such as Austin, Denver and San Jose.
This custom designed, new construction La Quinta hotel features 60 guestrooms and suites and is centrally located equal distance from the renowned Santa Cruz beach and boardwalk, as well as the restaurants and shops of downtown Sant Cruz. Hotel guests can enjoy stunning ocean views from their rooms and unwind in the hotel’s outdoor pool or relax on the terrace deck. Located along Highway 1 between San Francisco and Monterey, Santa Cruz features more than 14 state parks and beaches, offering world-class surfing, biking, and hiking.
“This opening marks a milestone moment for my family,” said Kiran Patel, owner of La Quinta Santa Cruz. “My father bought an older hotel on this property back in the 1970s, and now we’re thrilled to partner with Wyndham to unveil a beautiful new construction hotel to welcome guests to soak in the California sunshine in this very special destination.”
La Quinta by Wyndham is a leading hospitality brand that provides comfortable guestrooms, contemporary design, thoughtful amenities, and its signature Here for You® service. Guests can keep connected with free WiFi and a business center, sneak in a workout at the gym, indulge in a free Bright Side Breakfast®, and enjoy the convenience of mini-refrigerators, microwaves, coffee/tea makers, and more in their rooms.
“We’re seeing great momentum in new construction and incredible interest in the La Quinta brand from developers like Mr. Patel,” said Krishna Paliwal, Wyndham’s president of La Quinta and head of architecture, design, and construction. “Business and leisure travelers visiting beautiful Santa Cruz now have an exciting new option for a comfortable stay near the coastline.”
About La Quinta With over 920 destinations around the world, the upper-midscale La Quinta by Wyndham brand is a bright spot in every travelers’ journey. The brand offers thoughtful amenities, friendly service and consistently delivers an exceptional guest experience that keeps travelers waking up on the bright side. For more information, visit http://www.lq.com/. Like and follow LQ on Facebookand YouTube.
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,000 hotels across approximately 95 countries on six continents. Through its network of over 810,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. The Company’s award-winning Wyndham Rewards loyalty program offers over 92 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
Economy leader unveils developer-driven prototype prioritizing owner return on investment and operating efficiencies
PARSIPPANY, N.J. (March 22, 2022) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries, today unveiled new details about its upcoming economy extended-stay hotel brand. Among them, newly awarded contracts to develop 50 new construction projects with its first two partners: Richmond, Va.-based Sandpiper Hospitality and Dallas-based Gulf Coast Hotel Management.
Operating under the working title “Project ECHO”—an acronym for Economy Hotel Opportunity—the all new-construction brand fills whitespace within the larger Wyndham Hotels & Resorts portfolio while strategically expanding the company into a segment that has seen record growth and resiliency, not just amid the pandemic but throughout the last lodging cycle. Wyndham has been developing the brand since summer 2021.
“Over the last two years, economy extended-stay hotels outperformed all other segments, and in 2021, set new records for occupancy, ADR and RevPAR,” said Geoff Ballotti, president and chief executive officer, Wyndham Hotels & Resorts. “Demand for these accommodations only continues to climb—both from guests and developers alike—making now the right time for Wyndham, the definitive leader in the economy segment, to bring our experience and expertise to this high-potential space.”
Economy extended-stay hotels are proven to consistently perform throughout all stages of the lodging cycle and are particularly resilient amid a downturn. During the global pandemic, U.S. RevPAR for the segment grew 8% versus 2019 while the rest of the industry declined 17%. Further, in 2021, the average U.S. occupancy for economy extended-stay hotels was over 78% — 20 points higher than all other U.S. segments combined.
A Developer-Driven Approach Project ECHO was created with the help of a seven-member development council, which consists of some of the largest and most experienced owners and operators currently in the economy extended-stay segment. The council’s insights are being paired with the experience and expertise of Wyndham’s in-house design and construction team. In recent years, the team has spearheaded the creation of La Quinta by Wyndham’s highly successful Del Sol prototype, currently at over 130 hotels with another 56 in its pipeline; and more recently, Microtel by Wyndham’s Moda prototype, which has another 40 hotels under development. At a time when rising construction costs are driving the need for ultra-efficiency, all three prototypes prioritize owner return on investment with an emphasis on value engineering and streamlined operations, helping optimize operating margins on a recurring basis.
“Wyndham not only understands its owners and developers but listens to and acts on their needs” said Carter Rise, chairman and chief executive officer, Sandpiper Lodging Trust. “That commitment, paired with best-in-class design and a deep, fundamental understanding of the economy guest, is a differentiator in our industry and is ultimately why we chose to partner with Wyndham.”
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% of which is rentable—individual rooms average 300 square-feet and consist of single and two-queen studio suites with in-suite kitchenettes while efficiently-designed public spaces—a lobby, fitness center and guest laundry—help to limit labor needs.
“From day one, Wyndham has made a point of reaching out and asking, ‘What should be done differently?’ It wasn’t about dictating to us what the brand would be but rather, wanting to understand its potential and how our experience and expertise could best help developers meet their goals,” said Ian McClure, chief executive officer, Gulf Coast Hotel Management. “For us, that went a long way. It showed they’re committed to getting this brand right.”
Strategic Growth via Multi-Unit Operators With 50 hotels already in the initial pipeline—25 each from Sandpiper and Gulf Coast over the next five years—Wyndham is now eyeing additional growth opportunities. The brand expects to open its first hotel in 2023 and is actively talking to additional, multi-unit operators with experience in the segment, a key part of the brand’s growth strategy.
Wyndham intends to be thoughtful with early development partners, prioritizing brand integrity while building a robust multi-year pipeline. To assist qualified developers, the Company has identified possible development markets across the U.S. and will make available various incentives to select early developers. Wyndham is targeting at least 300 hotels over the next ten years in the U.S. with potential for additional growth internationally.
Industry-Leading Support, Experienced Extended-Stay Leadership Recognizing the immense importance of early franchisee success and the unique business model of economy extended-stay, Wyndham has assembled a dedicated leadership and operations support team around Project ECHO, one deeply rooted in experience with extended-stay brands.
Led by Vice President of Operations Dan Leh, a hospitality industry veteran with more than 25 years of extended-stay experience, the team brings extensive expertise across all facets of extended-stay operations, including but not limited to, design and construction, pre-opening operations, sales, revenue management, labor management, owner relations and more. Their efforts are complemented by dedicated Project ECHO sales teams, both at the local and national level, who will focus exclusively on matching hotels with Wyndham’s robust and expanding list of long-term guests across small, mid-size and Fortune 500 businesses.
On a broader scale, Project ECHO enables Wyndham to now offer guests and developers a portfolio of extended-stay offerings. Hawthorn Suites by Wyndham, the Company’s existing midscale extended-stay brand, is a pivotal part of the Company’s new dual-brand concept with La Quinta by Wyndham, which continues to see robust interest from developers with 36 hotels currently under development—two of which are being developed by Trusha Patel, inaugural member of Wyndham’s Women Own the Room program.
Additional details around Project ECHO—including the brand’s official name—are slated to be announced when the brand formally launches later this year. For more information, including development opportunities, visit www.projectecho.wyndhamhotels.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 approximately 95 countries on six continents. Through its network of over 810,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services. The Company’s award-winning Wyndham Rewards loyalty program offers over 92 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
Forward Looking Statements
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 and Resorts most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission, any of which could cause actual results or performance to be materially different from the future results or performance expressed or implied by such forward-looking statements. Except as required by law, Wyndham Hotels and Resorts undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise.
Innovative Program Helps Advance and Empower Women Entrepreneurs Through Hotel Ownership
PARSIPPANY, N.J., March 8, 2022 – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries – announced today the addition of two new women hoteliers as part of the brand’s “Women Own the Room” initiative, on the heels of last month’s first two signed agreements. Designed to advance and empower women entrepreneurs to break through the predominantly male-dominated hotel industry, the “Women Own the Room” program provides assistance with financial solutions, personalized operational support, and networking and educational opportunities. These impressive new program members will be opening new hotels in Dover, Del and Warrenton, Va.
“Women want to own and develop hotels – the momentum we’re seeing proves it – they’ve just lacked trusted partners and advocates who will help guide them in their pursuits,” said Lisa Checchio, Chief Marketing Officer, Wyndham Hotels & Resorts. “The mentorship opportunities and resources Women Own the Room provides are invaluable and will better inspire and prepare future generations of women hoteliers.”
Wyndham celebrated its first “Women Own the Room” signed agreements with new owner Trusha Patel in January 2022 for the debut of two new La Quinta and Hawthorn Suites dual-branded hotels in Texas. The two new women entrepreneurs announced as members are:
Hetal Christian, just opened a Wyndham Garden hotel in Dover, Del. Christian looks forward to the expanded development and operational support the program provides as she expands her portfolio into the profitable upper midscale segment.
Neha Jadhav, will open a La Quinta and Hawthorn Suites dual-branded hotel in Warrenton, Va. This new hotel will be her first new construction project.
While the tourism and hospitality industry workforce is comprised of 70% women, only 10% of development roles are held by them. “Women Own the Room” helps to clear the path for women eager to make their mark on the hospitality industry and aims to amend the lack of female representation in hotel ownership, real estate, and investment funding roles. With Wyndham’s longstanding commitment to diversity, equity, and inclusion – including gender diversity, women’s economic empowerment and advancing women entrepreneurs – this program is a natural progression of the hotel brand’s efforts to create a level playing field within the hospitality industry.
In addition to extensive mentorship and networking opportunities, the program offers a development incentive program that provides meaningful Wyndham financing, discounts on initial fees and complimentary first-year operating services to support the success of hotels developed by women.
“There are so many paths available to take in hospitality. A new construction project provides me with new challenges, but also new barriers that Women Own the Room is helping me break through,” said Neha Jadhav. “Wyndham has helped me navigate this new territory, provided me with the necessary tools for future success, and given me the opportunity to share my experiences with other women hoteliers. I’m proud to help pave the way for others and look forward to supporting more women pursue their dream of hotel ownership.”
To get involved and stay up-to-date on the Women Own the Room’s upcoming events, visit www.womenowntheroombywyndham.com. Developers interested in collaborating with Wyndham can visit Wyndhamdevelopment.com or contact the Wyndham Franchise Development team by email at [email protected].
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,000 hotels across approximately 95 countries on six continents. Through its network of over 810,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services. The Company’s award-winning Wyndham Rewards loyalty program offers over 92 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
Kicking off today, Wyndham Rewards members can unlock weekly surprise offers during “Member Month,” including hotel discounts, bonus point offers and more.
PARSIPPANY, N.J. – (March 2, 2022) – Wyndham Rewards®, the world’s most generous rewards program spanning more than 50,000 hotels, vacation club resorts and vacation rentals, today announced the return of “Member Month,” a month-long celebration of Wyndham Rewards members featuring five weeks of exciting deals and discounts, available exclusively to members.
Every Wednesday throughout the month of March, Wyndham Rewards members can unlock a new surprise offer. Whether embarking on a bucket-list adventure or staying closer to home, Member Month rewards every type of traveler – with offers ranging from a mix of stay-based and at-home discounts, bonus point promotions and more. These weekly offers are available to all members globally—even those who enroll during the window of the promotion—and are stackable with other offers throughout the month.
“Member Month is all about celebrating and rewarding our Wyndham Rewards members,” said Lisa Checchio, chief marketing officer, Wyndham Hotels & Resorts. “Last year, we handed out more than 600 million points alongside some of our richest offers; this year, we’re looking to top that number with five weeks of exclusive deals. It’s our way of saying thank you to all those members who, year-in and year-out, have helped make our program number one.”
The first Member Month offer drops today with a 40% bonus on purchased points before April 3, 2022 (Minimum point purchase required). Members can purchase up to 45,000 points per year at www.wyndhamrewards.com or via Wyndham’s mobile app, available for iOS and Android.
The latest Member Month offers, including terms and conditions on each offer are available for members at www.wyndhamrewards.com/membermonth. New deals launch every Wednesday in March and there is no limit to the number of deals members can take advantage of during the promotion.
About Wyndham Rewards
Named the number one hotel rewards program by readers of USA TODAY, Wyndham Rewards® is the world’s most generous rewards program with more than 50,000 hotels, vacation club resorts and vacation rentals worldwide. Designed for the everyday traveler, members earn a guaranteed 1,000 points with every qualified stay and may redeem points for a wide-range of rewards, including free nights at any of 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 92 million enrolled members around the globe. Join for free today at www.wyndhamrewards.com. You’ve earned this.®
Wyndham among top U.S. companies recognized for employee satisfaction
PARSIPPANY, N.J., (February 15, 2022) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries, today announced it has been named to Forbes’ list of America’s Best Employers for 2022. Presented by Forbes in partnership with Statista, the world-leading statistics portal and industry ranking provider, the annual list recognizes Wyndham as a top employer, with team members highly likely to recommend the Company to both family and friends.
The honor marks yet another accolade for Wyndham over the last year. Just last month, the Company received a perfect score for the fourth consecutive year on the 2022 Human Rights Campaign’s Corporate Equality Index (CEI), recognizing Wyndham as a best place to work for LGBTQ+ Equality and this past October, Wyndham was named by Newsweek as one of America’s Most Loved Workplaces, ranking #4 among the top 100 companies.
“The strength of our company comes from the people within. This award reflects Wyndham’s long-standing commitment to fostering a workplace that encourages and supports the diverse contributions of our team members,” said Monica Melancon, chief human resource officer, Wyndham Hotels & Resorts. “Our Count on Me service culture and core values of integrity, accountability, inclusivity, caring and fun make our company a special place to build a career and inspires incredible experiences for our team members and the people we serve.”
Wyndham is fiercely committed to the well-being of its employees and believes in creating environments where all team members can grow and succeed. Through the continuous development of impactful programs, team members have access to career advancement and educational programs, volunteer opportunities, and range of affinity business groups, helping to cultivate a diverse and inclusive workplace. What’s more, the company provides leading benefits, educational assistance, parental leave, exclusive team member travel perks and discounts, and promotes a culture designed to provide team members with a fulfilling work-life balance, including an ongoing commitment to flexible and hybrid options, enabling associates to do their best work in the place that works best for them.
To determine the rankings, Forbes and Statista selected employers through an independent survey applied to more than 60,000 American employees across 25 different industries. The evaluation was based on direct and indirect recommendations from employees who were asked to rate their willingness to recommend their own employers to friends and family. Employee evaluations also included other employers in their respective industries.
More information, including Forbes’ full list of America’s Best Employers for 2022, can be found here.
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,000 hotels across nearly 95 countries on six continents. Through its network of approximately 803,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services. The Company’s award-winning Wyndham Rewards loyalty program offers 90 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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