PARSIPPANY, N.J., January 27, 2021 – Wyndham Hotels & Resorts (NYSE: WH) – the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries – announced today that it received a perfect score of 100 on the 2022 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality, administrated by the Human Rights Campaign Foundation. Wyndham is celebrating its fourth consecutive year earning a perfect score in this annual survey, further recognizing the company as a best place to work for LGBTQ+ Equality.
“Inclusivity is core to our values, and we respect differences in people, cultures, ideas, and experiences,” said Geoffrey A. Ballotti, chief executive officer, Wyndham Hotels & Resorts. “We understand that we only succeed by bringing together varying backgrounds and points of view, and we are dedicated to creating welcoming environments both internally for team members and in our hotels for guests.”
Deeply committed to a culture of diversity, equity, and inclusion, Wyndham continuously infuses different perspectives into the workplace that reflect the company’s diverse customers and communities around the world and offers enhanced training to address racial inequality, anti-racism, and allyship. The company partners with leading organizations including National Gay & Lesbian Chamber of Commerce and International Gay & Lesbian Travel Association, and offers affinity groups such as PRIDE, which is sponsored and championed by members of the executive leadership team. In further support of fostering an inclusive environment where team members feel comfortable to be their authentic selves, Wyndham launched a campaign on International Pronouns Day that was dedicated to promoting awareness about pronouns and how team members can self-identify should they choose to do so.
Wyndham Hotels & Resorts is among 1,271 businesses rated in this year’s report. The CEI uses criteria based on equitable benefits for LGBTQ workers and their families; non-discrimination policies across business entities; supporting an inclusive culture; and corporate social responsibility. Wyndham’s efforts in satisfying all of the CEI’s criteria earned a 100 percent ranking and the designation as one of the Best Places to Work for LGBTQ+ Equality.
Wyndham has also been named to Ethisphere’s list of the world’s most ethical companies in 2019 and 2020, and in 2021 the company was named one of the best places to work in its home state of New Jersey by NJBIZ and was recognized by Newsweek as one of the Most Loved Workplaces for 2021 and Most Responsible Companies for 2022.
For more information on the 2021 Corporate Equality Index, or to download a free copy of the report, visit www.hrc.org/cei.
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 over 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.
About Human Rights Campaign Foundation
The Human Rights Campaign Foundation is the educational arm of the Human Rights Campaign (HRC), America’s largest civil rights organization working to achieve equality for lesbian, gay, bisexual, transgender and queer (LGBTQ+) people. Through its programs, the HRC Foundation seeks to make transformational change in the everyday lives of LGBTQ+ people, shedding light on inequity and deepening the public’s understanding of LGBTQ+ issues, with a clear focus on advancing transgender and racial justice. Its work has transformed the landscape for more than 15 million workers, 11 million students, 1 million clients in the adoption and foster care system and so much more. The HRC Foundation provides direct consultation and technical assistance to institutions and communities, driving the advancement of inclusive policies and practices; it builds the capacity of future leaders and allies through fellowship and training programs; and, with the firm belief that we are stronger working together, it forges partnerships with advocates in the U.S. and around the globe to increase our impact and shape the future of our work.
The Company’s Newest Female Hotelier Signs a Multi-Property Agreement as Part of the Innovative Program Supporting the Advancement of Women-Owned Hotels
PARSIPPANY, N.J., January 25, 2021 – Wyndham Hotels & Resorts (NYSE: WH) – the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries – announced today its first signed agreement as part of its innovative “Women Own the Room” program. Trusha Patel, Founder and CEO, Platinum Holdings, becomes the pioneering program’s first member with two new construction La Quinta and Hawthorn Suites dual-branded hotels. The first-ever program by a major hotel company specifically targeting women’s advancement in hotel ownership, Wyndham’s recently launched “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 Wyndham’s strong dedication to a culture of diversity, equity, and inclusion.
From Breaking the Glass Ceiling to Breaking Hotel Ground: “Women Own the Room” Supports Advancement of Women-Owned Hotels
Hospitality industry data shows that women are significantly underrepresented in hotel ownership, real estate, and investment funding roles. Research conducted by Castell Project in 2021 found that while the hospitality industry is one of the most diverse, it lags when it comes to diversity in senior positions and ownership. While women make up 70% of the tourism and hospitality workforce, they only make up 10% of hotel development roles. Wyndham Hotels & Resorts is committed to gender diversity, women’s economic empowerment, and advancing women entrepreneurs to level the playing field.
“Hospitality is one of the most diverse industries in the world and we should be fostering that diversity at the highest levels including ownership,” said Lisa Checchio, Chief Marketing Officer, Wyndham Hotels & Resorts. “While the workforce in the tourism and hospitality industry is comprised of 70% women, only one woman enters hotel development for every 9.6 men. “Women Own the Room” is specifically designed to help overcome the common barriers women face in hotel development and help them open and run their hotels.”
Women Own the Room is built upon the pillars of
Delivering comprehensive financial solutions
Enhanced capital support
Reduced initial franchise fee
Available for new construction and conversion projects
Offering personalized and complimentary operational guidance & support
Personalized opening support
Best-in-class training
Complimentary services designed to help maximize revenue
Establishing an inclusive community for networking & education
Event topics to include: Tips on securing financing
Selecting sites and performing feasibility assessments
Success stories from women in hotel development
Wyndham’s new program aims to help address the nearly 50% of women in business who lack competent advisors to guide them through entrepreneurship by connecting females interested in the hotel business with established female hotel developers who successfully broke the mold. Additionally, the company 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.
“I grew up in the hospitality industry and have been involved in every facet of hotel ownership, from development to dispositions. When embarking on owning a hotel of my own, it was helpful to have access to the resources that Wyndham provides,” said Trusha Patel, Founder and CEO, Platinum Holdings. “With the support of Wyndham, I have the backing of the world’s largest hotel company behind me. This is an incredible opportunity to realize my personal hospitality objectives, and also an opportunity to inspire other women to fulfill their entrepreneurship goals.”
Two New La Quinta and Hawthorn Suites Dual-Brand Hotels
Ms. Patel will open two La Quinta and Hawthorn Suites dual-branded hotels in the rapidly growing Texas cities of Austin and Georgetown. Each hotel will offer a combined 125 guestrooms – 75 of which will feature the recently refreshed room design from La Quinta’s sought-after Del Sol prototype, and 50 will feature the updated Hawthorn room design including modern, well-equipped kitchens for extended-stay guests. This pairing of select-service and long-term lodging targets different types of travelers, bringing them together under one roof and allows Wyndham to provide options for travelers looking for extended-stays, especially in the growing midscale space. Background about the new hotels:
La Quinta and Hawthorn Suites Austin Airport — The hotel will be conveniently situated less than a mile from Austin-Bergstrom International Airport, four miles from downtown Austin, and will be one of the closest hotels to the new Tesla Headquarters and Gigafactory. Guests can easily experience all that the city has to offer such as music and local bites on 6th street and Rainey Street, visiting the Texas State Capital, catching a concert at Austin360 Amphitheater, seeing a performance at Paramount Theatre, or visiting Circuit of Americas racing facility, which hosts the Formula One United States Grand Prix, Road Racing World Championship and more.
La Quinta and Hawthorn Suites Georgetown — Located 30 miles north of Austin along one of central Texas’ largest thoroughfares, Georgetown has experienced explosive growth over the last decade and has transformed into an independent economic hub. The 3.3-acre hotel will be part of Longhorn Junction, the 190-acre mixed use development, which will also welcome a brewery and a variety of restaurants and retail outlets. Guests of the hotel will be able to seamlessly explore the destination and can enjoy boating and fishing excursions on Lake Georgetown in the warmer months.
“Members of ‘Women Own the Room,’ will have access to the tools and support designed to help them achieve success every step of the way, from signing and breaking ground to welcoming their first guests. The program is designed to clear the path for women who are eager to make their mark in the hospitality industry,” said Chip Ohlsson, Chief Development Officer, Wyndham Hotels & Resorts.
As a leading hospitality brand, Wyndham is helping advance and champion diversity within the Company and the greater travel industry. Spanning multiple countries and continents, Wyndham team members are a widespread group of individuals with diverse interests and backgrounds who all come together to further one of the world’s most prominent hotel organizations. For three years in a row, the company received a perfect score on the Human Rights Campaign’s Equality Index, designating Wyndham as a best place to work as well, as having been named by DiversityInc as a noteworthy company for its commitment to diversity and inclusion.
To get involved and stay up-to-date on 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 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 over 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.
New Full-Service Wyndham Properties in Indiana and Ohio
PARSIPPANY, N.J., December 16, 2021 – Wyndham Hotels & Resorts (NYSE: WH) – the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries – announced today an agreement with Ceres Development for three new Wyndham hotels, two in Indiana and one in Ohio. These newly rebranded hotels, celebrating their openings, continue the Company’s steady conversion growth, where it experienced 100 percent more domestic conversions in third quarter 2021 compared to third quarter 2019.
“Joining Wyndham Hotels & Resorts will allow us to collaborate with the company’s global sales, marketing and loyalty teams to help travelers discover these properties and explore new cities,” said David Crisafi, President of Ceres Enterprises. “We will also have the opportunity to simplify operations and streamline efficiencies with the support, experience, and scale that Wyndham provides.”
Designed for both business and leisure travelers, Wyndham is the hotel company’s signature brand that continuously supports everyday travelers by offering a comfortable and convenient stay while on the road. Blending comfort with innovation, the upscale brand features spacious and smartly designed guestrooms, flexible meeting and event spaces, and dedicated work areas throughout the properties, while consistently delivering thoughtful service and amenities. The following new hotels are now part of Wyndham’s portfolio:
Wyndham Noblesville in Indiana Situated in a scenic suburb just north of Indianapolis, the hotel is within walking distance of Hamilton Town Center’s charming shops and restaurants. The 132-suite hotel offers more than 3,000 square feet of meeting space, as well as amenities including a business center, a fitness center and a heated indoor pool, catering to business and transient travelers alike. The property also features an on-site restaurant and bar that serves complimentary breakfast daily. Guests of the hotel can easily explore the surrounding area and catch a concert at Ruoff Music Center or attend a tournament at Grand Park Sports Campus.
Wyndham Westfield in Indiana Conveniently located just 22 miles north of downtown Indianapolis and 37 miles from Indianapolis International Airport, this contemporary hotel is set along the scenic Monon Trail, providing easy access to the nearby 400-acre Grand Park Sports Campus, Pacers Athletic Center, and Clay Terrace shopping center. The property’s 152 modern guestrooms and suites offer a smart design alongside four well-designed event venues to host up to 200 guests.
Wyndham Avon in Ohio Located in the heart of Avon, Ohio, 17 miles from Cleveland Hopkins International Airport, the 113-suite hotel is steps away from a variety of restaurants and shopping at Avon Commons Shopping Center and Crocker Park, as well as family-friendly fun at Main Event and Sky Zone Trampoline Park. Guests can easily enjoy the excitement of downtown Cleveland, including the Rock & Roll Hall of Fame, and return to their spacious suite outfitted with a spa-inspired bathroom and separate living and workspaces. Additional amenities include a heated indoor pool, hot tub, bar, and cozy outdoor fire pits.
“We are so excited to partner with Ceres Development on these three exceptional hotels in key midwestern markets,” said Chip Ohlsson, Chief Development Officer, Wyndham Hotels & Resorts. “Conversions continue to play a large part of Wyndham’s development strategy, and we look forward to welcoming more travelers to experience the brand’s modern guest rooms, personalized service and thoughtful amenities.”
“This is an extraordinary opportunity at a key time in the travel industry,” said David Orlean, President, Orlean Company (joint owner of the Avon, Ohio and Westfield, Indiana Wyndhams). “This conversion comes at a time when travel is picking back up, and we are thrilled to be able to now extend the Wyndham experience to guests of these properties.”
About Wyndham The namesake of the world’s largest hotel company, Wyndham hotels across five continents in urban and vacation destinations help travelers discover comfort wherever they are. Hotels are simply comfortable, balancing a gentle harmony of calming elements and chic innovation throughout its smartly detailed guest rooms, distinct dining options and flexible meeting and event spaces. Learn more at www.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 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 over 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.
Earn up to 3,000 Wyndham Rewards bonus points when you link accounts and convert your points
PARSIPPANY, N.J. – (December 7, 2021) Wyndham Rewards® members can now convert their Wyndham Rewards points to cash thanks to a newly launched relationship with leading digital asset marketplace Bakkt and its highly-rated Bakkt App.
Available starting today, members of Wyndham Rewards can easily link their account within the Bakkt App, unlocking the ability to instantly convert their points to cash using the app. Once converted, members may then deposit the funds into their bank account, send them to a friend, purchase discounted gift cards or use them for online and in-store purchases via both Apple Pay® and Google PayTM, among other options. Members may also use the Bakkt App to purchase additional Wyndham Rewards points, either via funds they’ve received from converting other loyalty currencies to cash or through another preferred payment method.
“Wyndham Rewards prides itself on being the world’s most generous rewards program, which means we’re constantly looking for new ways to help our more than 90 million enrolled members engage with and receive value from the program,” said Eliot Hamlisch, executive vice president, Loyalty & Revenue Optimization, Wyndham Hotels & Resorts. “By teaming with Bakkt and further broadening the program’s appeal, we’re not only creating opportunities to pull in new members, we’re giving existing members even more reasons to stay and earn points with our expansive portfolio of hotels.”
As part of a special introductory offer, now through February 15, 2022, Wyndham Rewards members can earn up to 3,000 bonus points when they link their account (1,000 bonus points) and complete their first transaction of converting their Wyndham Rewards points for cash in the Bakkt app (2,000 bonus points)—enough bonus points to redeem for a discounted night at thousands of participating Wyndham Rewards hotels.*
“We’re thrilled to be adding Wyndham Rewards—the number one hotel rewards program as named by both U.S. News & World Report as well as readers of USA TODAY—to the Bakkt ecosystem,” said Sheela Zemlin, chief revenue officer at Bakkt. “Together, we’re providing members with new redemption experiences and increased flexibility, all while making loyalty points more accessible and easier to use.”
Wyndham Rewards is the only hotel loyalty program to offer members a guaranteed 1,000 points with every qualified stay. Free nights start at just 7,500 points per night, while discounted nights start at 1,500 points plus some cash. The program’s Member Levels (status), which are among the most attainable in travel, allow members to unlock great benefits like a preferred room, late checkout and accelerated earning and more.
*This offer is subject to acceptance of the Bakkt App’s Terms of Use (link). Limit one offer per member. Offer is limited to the first 1,000,000 members and is not available to residents of Hawaii. One member may only create one Bakkt account. Full promotion details can be found at www.wyndham.bakkt.com.
Bakkt Marketplace, LLC is licensed to engage in virtual currency business activity by the New York State Department of Financial Services, and a money transmitter in all states where required. See the full list of licenses here.
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 90 million enrolled members around the globe. Join for free today at www.wyndhamrewards.com. You’ve earned this.®
About Bakkt
Bakkt is a trusted digital asset platform that enables consumers to buy, sell, store and spend digital assets. Bakkt’s platform, now available through the Bakkt App and to partners, amplifies consumer spending and bolsters loyalty programs, adding value for all key stakeholders within the Bakkt payments and digital assets ecosystem. Launched in 2018, Bakkt is headquartered in Alpharetta, GA. For more information, visit: https://www.bakkt.com/ | Twitter @Bakkt | LinkedIn
Bakkt-C
Source: Bakkt Holdings, Inc.
Leading Hotel Company Recognized for Standout Environmental and Social Responsibility Efforts
PARSIPPANY, N.J., December 13, 2021 – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries, is honored for its environmental and social responsibility practices in Newsweek’s list of America’s Most Responsible Companies for 2022. From the thousands of companies considered for this award, only 500 made the final list, and Wyndham is represented as one of just 15 companies in the category of “Hotels, Dining & Leisure.” This recognition comes on the heels of Wyndham being named as one of the Most Loved Workplaces by Newsweek, ranking #4 out of 100, and being identified as one of the best places to work in its home state of New Jersey by NJBIZ earlier this year.
“A key pillar of Wyndham’s business model is operating in a way that is socially, ethically and environmentally responsible, and as a hospitality company, service and volunteering are in our DNA,” said Monica Melancon, Chief Human Resource Officer, Wyndham Hotels & Resorts. “As the world’s largest hotel franchising company, we have a unique opportunity to make a meaningful impact on the world, help ensure the future remains bright, and that hotel travel is made possible for all.”
Through its network of more than 803,000 rooms, Wyndham takes steps every day to help minimize the impact of operations, reduce their environmental footprint and preserve natural resources. Efforts include working to eliminate single-use plastic products at all owned and managed properties, enhancing policies and mandating training for all team members to be able to identify and report human trafficking activities.
In terms of sustainability, the company developed the Wyndham Green Program, a five-level certification program that helps reduce a hotel’s environmental footprint. The program includes a proprietary environmental management tool that tracks data to help hotels improve energy efficiency, reduce emissions, conserve water, and reduce waste.
Furthermore, Wyndham is committed to a culture of diversity, equity, and inclusion, infusing different perspectives that reflect the company’s diverse customers and communities around the world. Spanning multiple countries and continents, Wyndham team members are a widespread group of individuals with diverse interests and backgrounds who all come together to further one of the world’s most prominent hotel organizations. To maintain this culture across its organization, the company has increased senior leadership engagement in its Affinity Business Groups and continues to build on its robust Diversity, Equity, and Inclusion training programs. For three years in a row, the company received a perfect score on the Human Rights Campaign’s Equality Index, designating Wyndham as a best place to work as well as having been named by DiversityInc as a noteworthy company for its commitment to diversity and inclusion.
Newsweek and the data firm Statista collaborated to conduct global research in order to identify America’s top companies where social responsibility is at the forefront. The full list of America’s Most Responsible Companies for 2022 is currently available online at https://www.newsweek.com/americas-most-responsible-companies-2022.
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 over 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.
About Newsweek Newsweek is the modern global digital news organization built around the iconic, over 85-year-old American magazine. Newsweek reaches 100 million people each month with its thought-provoking news, opinion, images, graphics, and video delivered across a dozen print and digital platforms. Headquartered in New York City, Newsweek also publishes international editions in EMEA and Asia.
U.S. guests to be randomly surprised with one of 99 limited-edition ‘Reconnected’ Travel Keepsake Boxes;
one lucky person will win a 10-night stay at the Wyndham Grand hotel of their choice
PARSIPPANY, N.J. – (December 6, 2021) The holidays are officially here. As travelers once again look to reconnect and enjoy the company of loved ones, Wyndham Grand® is getting into the spirit of the season—randomly surprising and delighting guests at its U.S. hotels with its first-ever ‘Reconnected’ Travel Keepsake Box.
Curated in partnership with TV personality and mom of three, Catherine Lowe, and the family memento specialists at Savor, the Wyndham Grand Reconnected Keepsake Box helps families reconnect and experience the forgotten joys of tech-free travel, all while providing a family keepsake they can cherish forever.
“At Wyndham Grand, we’re on a mission to help families disconnect from the demands of technology, work and day-to-day life so that they can truly vacation and enjoy their time together,” said Carolina Matias-Perez, senior director of Brand Marketing for Wyndham Grand. “In an age of selfies and constant social sharing, it can be hard to be present. Our Reconnected Travel Keepsake Boxes are a reminder to live in the moment and cherish the memories we make with our families.”
Featuring a timeless design that blends soft fabrics and upscale finishes, each Reconnected Keepsake Box includes, among other items, a Fujifilm Instax® Mini 11 with film—allowing the recipient to ditch their camera phone, complete with its hundreds of forgotten shots—and a letter from Lowe sharing tips and tricks she uses with her own kids to create tech-free family fun. Other features include an array of compartments, drawers, dividers, as well as custom travel labels, helping make each box the ultimate organizer to capture and preserve travel memories.
“Family photos are one of the few irreplaceable items you can own. They’re invaluable, sentimental, and help us preserve memories and tell stories for future generations,” said Lowe. “In working with Wyndham Grand, I’m sharing ways to create special moments with your own family that are snapshot-worthy and sure to inspire future conversations that start with ‘remember when.’”
On the heels of one of the most isolated years in recent history, upcoming holiday travel provides a much-needed opportunity for families to reunite and make up for lost time. Now more than ever, families are cognizant of the value of making memories and sharing time in-person together. While phones and computers keep us connected, research shows that disconnecting from these devices is more beneficial for our health and relationships.[1]
Wyndham Grand hotels will start randomly gifting a limited supply of Reconnected Travel Keepsake Boxes to those staying at its U.S. hotels beginning the week of December 6, 2021 and continuing through December 31, 2021, while supplies last. To be eligible, guests must have made their reservation prior to December 6, 2021. Boxes are not available upon request and gifting is at the discretion of each hotel’s management team while supplies are available. Wyndham Grand will give away a total of 99 boxes across all participating hotels. Each box carries an approximate retail value of $130.
Complementing the surprise and delight activities at its hotels, Wyndham Grand is also giving those at home a chance win their own keepsake box, plus a 10-night stay at the Wyndham Grand hotel of their choice (provided in the form of Wyndham Rewards points), when they enter the brand’s Wyndham Grand Reconnected Sweepstakes. To enter, travelers age 21 and over should send an email to [email protected] with a brief write-up describing how they would use the hotel stay to reconnect with family, along with a pledge to make time to disconnect from their digital devices this holiday season. No purchase is necessary to enter and the approximate retail value of the prize is $4,030. All entries must be received no later than 11:59 p.m. ET on Dec. 31, 2021. For eligibility and other information, visit www.wyndhamgrand.com/reconnected.
Holiday deal seekers looking to make the most of their travels in the months ahead can earn 3x Wyndham Rewards points at Wyndham Grand and other select properties when they book by December 31, 2021. Guests must stay a minimum of three nights and complete their stay by February 28, 2022. Stays are cancellable, free of penalty, up to 72-hours before check-in. For full terms and conditions, visit www.wyndhamrewards.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, this upper-upscale hotel brand helps travelers make every moment count. For information on developing a Wyndham Grand hotel, please 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 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 over 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.
As part of the Wyndham Business program, this new network of premium meetings-focused hotels offers meeting planners new incentives in desired markets, and streamlined multi-year bookings
PARSIPPANY, N.J. (November 9, 2021) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries, today announces the debut of The Meetings Collection, a new element of the brand’s Wyndham Business program. Initially launching with eight hotels and resorts located across the U.S. in highly sought-after meetings destinations and with plans to expand in the future, the Collection was created with the needs of meeting organizers in mind, to offer rewarding solutions and a simple, streamlined way to book multi-year meetings at different hotels across the collection.
“It is a pivotal time in the meetings and events industry, with group travel beginning to return to fully in-person and hybrid meetings,” said Carol Lynch, senior vice president, global sales, Wyndham Hotels & Resorts. “We are launching this collection to support planners during every phase of the process and are excited to be able to now offer a highly efficient way for them to source and book hotels at competitive rates, earn generous rewards, and deliver an exceptional experience for their group.”
The Collection’s portfolio is comprised of properties from brands including Wyndham Grand, Trademark Collection by Wyndham, Wyndham, and Dolce Hotels and Resorts, and provides planners with more than 900,000 collective square feet of flexible meeting space and over 4,400 total guestrooms in addition to signature experiences across markets. The following hotels and resorts are part of The Meetings Collection launch:
Wyndham Grand Clearwater Beach, Fla.
Wyndham Grand Rio Mar Puerto Rico Golf & Beach Resort, Rio Grande, Puerto Rico
Wyndham Grand Orlando Resort Bonnet Creek, Fla.
Wyndham Grand Pittsburgh Downtown, Pa.
Galt House Hotel, Trademark Collection by Wyndham, Louisville, Ky.
Wyndham Orlando Resort International Drive, Fla.
Silverado Resort and Spa, A Dolce by Wyndham, Napa, Calif.
Cheyenne Mountain Resort, A Dolce by Wyndham, Colorado Springs, Colo.
To better assist planners in creating a memorable and impactful experience for their groups, The Meetings Collection extends planners a way to save time and money while earning Wyndham Rewards® points when booking 2 or 3+ meetings. The offer includes:
Save up to 5% on total meeting revenue when you contract multiple meetings or events at participating hotels listed above*
Count on flexibility with up to 30% attrition*
Enjoy a streamlined contracting process through our dedicated sales team and a single point of contact for each meeting or event
Exclusive destination experiences at participating hotels
PLUS, earn up to 50,000 Wyndham Rewards points per meeting with options to redeem for free and discounted stays at thousands of hotels, vacation club resorts and vacation
Rentals and much more! *
Signature destination experiences include a 3-night stay at Galt House, a Trademark Collection Hotel and two tickets to the Kentucky Derby; a 2-night stay at Wyndham Grand Pittsburgh Downtown with breakfast for two and four tickets to a home Steelers game; and an overnight stay at Silverado, a Dolce Resort, paired with a picnic basket lunch and complimentary wine tasting at a partner winery location.
Wyndham offers the world’s most generous rewards program for meeting planners, go meet. With no minimum spend requirement and no maximum point limit, paying guests who are Wyndham Rewards® members earn 10 POINTS per dollar or 1,000 points, whichever is more, for qualified stays at Wyndham Rewards hotels worldwide.
*Offer applies to two (2) or more meetings contracted at participating hotels simultaneously or within 30 days of the contract for the first meeting. All meetings must occur within 5 years of the first meeting date. For additional terms and conditions that apply, including details on savings and earning Wyndham Rewards points, please visit.
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 over 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.
About Wyndham Business Wyndham Business provides a suite of tools for meeting planners and travel advisors to save time and money, by simplifying business travel bookings. With special discounted rates, exclusive perks, and best-in-class business tools, Wyndham makes it easier to source the right hotels and help maximize efficiency. From transient travel and long-term stay projects to conferences and more, anytime you need to book 5+ rooms, Wyndham Business has you covered. For more information, visit www.wyndhamhotels.com/wyndham-business.
This press release contains “forward-looking statements” within the meaning of U.S. federal securities laws, including the expected addition of hotels and similar statements concerning possible future results or performance. You are cautioned not to place undue reliance on these forward-looking statements, which are not guarantees of future results or performance, speak only as of the date of this press release and are subject to numerous risks and uncertainties, including the risks described in Wyndham Hotels’ most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission, any of which could cause actual results or performance to be materially different from the future results or performance expressed or implied by such forward-looking statements. Except as required by law, Wyndham Hotels undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise.
New Properties to Open in Prime Pacific Northwest Markets
PARSIPPANY, N.J., November 7, 2021 – Wyndham Hotels & Resorts (NYSE: WH) – the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries – announced today an agreement with developer Matt Braun of Braun Hospitality, LLC for five new Microtel Inn & Suites by Wyndham hotels in Oregon. These hotels join the approximately 300 Microtel hotels across the United States, and over 80 Microtel properties in the company’s U.S. pipeline.
The agreement provides for new Microtel Inn & Suites by Wyndham properties in the exciting Oregon growth markets of Florence, Ashland, Salem, Bend and Hood River. Braun Hospitality, the hotels’ ownership, will provide the development oversight and expertise for the planning, design, entitlement, and construction management of the five new properties.
Microtel Inn & Suites by Wyndham Ashland
Will offer 86 rooms in a popular four-season recreational and arts-centric destination nestled at the base of the Siskiyou and Cascade mountain ranges. Home to the Oregon Shakespeare Festival, Ashland is a cultural hotspot with award-winning galleries, theaters, and restaurants.
Microtel Inn & Suites by Wyndham Florence
Located near Oregon’s coastal playground of miles of beaches and rolling sand dunes and just one hour west of Eugene-Springfield, Microtel Inn & Suites by Wyndham Florence will feature 81 rooms in this go-to getaway destination for rest, relaxation, and recreation.
Microtel Inn & Suites by Wyndham Salem
Set in Oregon’s capital city, Microtel Inn & Suites by Wyndham Salem will feature 74 rooms in this city known for its vibrant downtown, museums, and historic sites, surrounded by green pastures and scenic vistas.
Microtel Inn & Suites by Wyndham Hood River
Microtel Inn & Suites by Wyndham Hood River will provide the perfect location for outdoor adventure enthusiasts. Guests of the 86-room hotel can enjoy nearby hiking, mountain biking, skiing, windsurfing, kite boarding and rafting, as well as an eclectic mix of downtown restaurants, bakeries, breweries, wineries, shops, and galleries.
Microtel Inn & Suites Bend
With both outdoor pursuits and pristine beauty, Bend, Ore. offers everything from award-winning restaurants to alpine sports and ancient lava tubes. Microtel Inn & Suites Bend will feature 86 rooms conveniently located for travelers visiting the city’s art galleries, the High Desert Museum, or trekking the legendary Bend Ale Trail, the largest beer trail in the west.
These new Microtel properties will be designed using Microtel’s Moda prototype that is the first of its kind in the economy select-service segment, with a reimagined interior and exterior concept designed to further elevate the brand, reduce building costs, optimize efficiencies, and drive greater returns for developers. The modern, value-engineered prototype provides approximately 70% revenue-producing square footage – one of the strongest in both the economy and midscale segments. The only 100 percent new construction brand in its segment, Microtel offers a scalable design, larger guestrooms, a sleeker architectural style, as well as efficient back-of-house operations to drive labor savings. In 2020, Microtel hotels delivered a powerful RevPAR Index of 107 percent.
“We are thrilled to announce these newest additions to the Microtel portfolio in prime locations across the coveted Pacific Northwest region,” said Microtel Inn & Suites by Wyndham Brand Leader and Vice President of Operations, Keri Putera. “The brand’s stylish and contemporary design will offer an exceptional guest experience for both leisure and business travelers throughout Oregon, and our optimized prototype will provide tremendous value for the developers.”
The Microtel brand continues to attract interest from developers that are looking to build and to sign new hotels. Interested developers can visit Wyndham’s development website or contact the Wyndham Franchise Development team by email at [email protected].
About Microtel Microtel Inn & Suites by Wyndham® is an award-winning chain of more than 340 economy hotels located throughout North America, Mexico, China and the Philippines. Consistently over-delivering on both guest and owner expectations, Microtel is the only all new-construction hotel brand in the economy segment. Microtel prides itself on being an innovator, offering a midscale experience at an economy price with an array of complimentary amenities including free Wi-Fi and continental breakfast. Other amenities available at most hotels include meeting and fitness centers, swimming pools and at all properties the opportunity to earn and redeem points through Wyndham Rewards®, the brand’s guest loyalty program. Travelers can join the program for free at www.wyndhamrewards.com.
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company 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 over 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.
PARSIPPANY, N.J., November 8, 2021 – Wyndham Hotels & Resorts, Inc. (NYSE: WH) announced today that it has entered into a definitive agreement with CorePoint Lodging (“CPLG”) concerning the termination of all remaining Wyndham hotel management agreements (“HMAs”) upon consummation of the merger announced by CPLG today.
The termination is conditioned upon the closing of CPLG’s sale, which is targeted to occur in the first quarter of 2022. Upon termination of the HMAs, CPLG will pay termination fees to Wyndham of approximately $84 million.
“The termination of these management contracts will mark our exit from the lower margin, resource intensive select-service management business and afford us the opportunity to focus on the continued growth of our asset-light and highly profitable, cash generative franchising business,” said Geoffrey A. Ballotti, president and chief executive officer.
Wyndham’s related franchise agreements are expected to remain in-place at the current fee structure (5% royalties plus 4.5% for marketing and reservation services).
The Company has posted additional materials on its investor relations website, www.investor.wyndhamhotels.com, to further disclose the potential financial impact of this agreement.
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 over 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. 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 termination of Wyndham Hotels’ management contracts with CorePoint Lodging. Forward-looking statements include those that convey management’s expectations as to the future based on plans, estimates and projections at the time Wyndham Hotels makes the statements and may be identified by words such as “will,” “expect,” “believe,” “plan,” “anticipate,” “intend,” “goal,” “future,” “outlook,” “guidance,” “target,” “objective,” “estimate,” “projection” and similar words or expressions, including the negative version of such words and expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Wyndham Hotels to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, general economic conditions; the continuation or worsening of the effects from COVID-19, its scope, duration and impact on the Company’s business operations, financial results, cash flows and liquidity, as well as the impact on the Company’s franchisees and property owners, guests and team members, the hospitality industry and overall demand for travel; the success of the Company’s mitigation efforts in response to COVID-19; the Company’s performance in any recovery from COVID-19; the performance of the financial and credit markets; the economic environment for the hospitality industry; operating risks associated with the hotel franchising and management businesses; the Company’s relationships with franchisees and property owners; the impact of war, terrorist activity, political instability or political strife; concerns with or threats of pandemics, contagious diseases or health epidemics, including the effects of COVID-19 and any resurgence or mutations of the virus and actions governments, businesses and individuals take in response to the pandemic, including stay-in-place directives and other travel restrictions; risks related to restructuring or strategic initiatives; risks related to the Company’s relationship with CorePoint Lodging; the Company’s ability to satisfy obligations and agreements under its outstanding indebtedness, including the payment of principal and interest and compliance with the covenants thereunder; risks related to the Company’s ability to obtain financing and the terms of such financing, including access to liquidity and capital as a result of COVID-19; and the Company’s ability to make or pay, plans for, and the timing and amount of any future share repurchases and/or dividends, as well as the risks described in the Company’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequent reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise.
Company Increases Dividend 33% to Pre-Pandemic Level Raises Full-Year 2021 Outlook
PARSIPPANY, N.J., October 27, 2021 – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended September 30, 2021. Highlights include:
S. RevPAR exceeded 2019 levels by 7%, growing 59% versus 2020.
System-wide rooms grew 60 basis points sequentially, including 40 basis points of growth in the U.S. and 80 basis points of growth internationally.
Diluted earnings per share of $1.09 compared to $0.29 in third quarter 2020; adjusted diluted EPS of $1.16 compared to $0.36 in third quarter 2020.
Net income of $103 million compared to $27 million in third quarter 2020; adjusted net income of $109 million compared to $34 million in third quarter 2020.
Adjusted EBITDA of $194 million compared to $103 million in third quarter 2020.
Net cash provided by operating activities of $147 million compared to $97 million in third quarter 2020; free cash flow of $141 million compared to $92 million in third quarter 2020.
Returned $50 million to shareholders in the quarter through $27 million of share repurchases and a quarterly cash dividend of $0.24 per share.
Board of Directors recently authorized a 33% increase in the quarterly cash dividend to pre-pandemic level of $0.32 per share beginning with the dividend expected to be declared in fourth quarter 2021.
Company raises full-year 2021 outlook.
“Our resilient select-service franchising business model continues to lead the industry’s recovery with RevPAR well in excess of 2019 levels. These results have been fueled by the many investments we made over the last two years to capture an increasing share of both leisure and everyday business travel,” said Geoffrey A. Ballotti, president and chief executive officer. “Developer interest in our brands is strong. Our pipeline grew another 440 basis points and is now at pre-pandemic levels. At the same time our teams opened over 50% more rooms than we opened last year, and more rooms than we opened in the third quarter of 2019. Our diversified brand portfolio, now including our newly launched upper midscale all-inclusive brand, Alltra, and compelling owner value proposition, combined with our asset-light business model positions us to deliver strong free cash flow and shareholder returns well into the future.”
Fee-related and other revenues increased 48% to $377 million compared to $255 million in the third quarter of 2020 primarily reflecting the ongoing recovery in travel demand and its impact on global RevPAR, which has now recovered to 97% of 2019 levels, including domestic RevPAR at 7% above 2019.
The Company generated net income of $103 million, or $1.09 per diluted share, compared to net income of $27 million, or $0.29 per diluted share, in the third quarter of 2020. The increase of $76 million, or $0.80 per diluted share, reflects the increase in fee-related and other revenues and lower net interest expense, partially offset by higher volume-related expenses due to the ongoing recovery in travel demand.
The following discussion of third quarter operating results focuses on the Company’s key drivers as well as revenue and adjusted EBITDA for each of the Company’s segments. Full reconciliations of GAAP results to the Company’s non-GAAP adjusted measures for all reported periods appear in the tables to this press release.
System Size
Year-to-date, the Company’s global system grew 80 basis points, reflecting quarter-over-quarter sequential growth of 60 basis points driven by 40 basis points of growth in the U.S. and 80 basis points of growth internationally. Third quarter room openings exceeded 2019 levels by 4% globally reflecting a 46% increase in domestic additions. The Company’s annualized retention rate through third quarter stood at approximately 95%, putting the Company solidly on track with its goal of achieving a 95% retention rate and its net room growth outlook of 1.5 to 2% for the full year 2021.
RevPAR
Global and international RevPAR began to lap the onset of the COVID-19 pandemic in January 2021, while the U.S. began to lap its onset in March 2021. As such, comparisons to 2019 (on a two-year, constant currency basis) are more meaningful when evaluating trends. On this basis, third quarter RevPAR in the U.S. exceeded 2019 levels by 7% while global RevPAR recovered to 97% of 2019 levels and international RevPAR declined 25%. The 7% increase in the U.S. represents continued sequential improvement compared to a decline of 5% in the second quarter of 2021. Notably, RevPAR for the Company’s economy brands exceeded 2019 levels by 14% in the third quarter. The 25% international decline demonstrates strong sequential progress from a 44% decline in second quarter led by growth in regions where travel restrictions subsided. Canada improved 32 points to a 17% decline and EMEA improved 43 points to a 25% decline, partially offset by a 10 point sequential decrease to a 17% decline in China due to travel restrictions resulting from local COVID outbreaks in August and September.
Business Segment Results
Hotel Franchising revenues increased 43% year-over-year to $337 million primarily due to the global RevPAR increase. Hotel Franchising adjusted EBITDA increased 62% to $193 million reflecting the growth in revenues as well as a timing benefit from the marketing fund, partially offset by higher volume-related expenses.
Hotel Management revenues increased 25% year-over-year to $126 million, including a $4 million increase in cost-reimbursement revenues, which have no impact on adjusted EBITDA. Absent cost-reimbursements, Hotel Management revenues increased $21 million, or 111%, to $40 million primarily due to the global RevPAR increase, as well as improved performance at the Company’s owned hotels. Hotel Management adjusted EBITDA increased $14 million year-over-year reflecting the revenue increases, partially offset by higher volume-related expenses, and reflecting significant margin expansion (excluding cost reimbursements) to 40% in 2021 from 11% in 2020.
During the third quarter 2021, the Company’s marketing fund revenues exceeded expenses by $19 million; while in third quarter 2020, the Company’s marketing fund expenses exceeded revenues by $8 million.
Development The Company awarded 151 new contracts this quarter, 3% higher than 2019. On September 30, 2021, the Company’s global development pipeline consisted of over 1,450 hotels and approximately 193,000 rooms. The pipeline grew 440 basis points year-over-year and 120 basis points sequentially – including 90 basis points domestically and 140 basis points internationally. Approximately 65% of the Company’s development pipeline is international and 76% is new construction, of which approximately 34% has broken ground.
Cash and Liquidity The Company generated $147 million of net cash provided by operating activities in the third quarter of 2021 compared to $97 million in third quarter 2020. The Company generated $141 million of free cash flow in the third quarter of 2021 compared to $92 million in the third quarter 2020.
At September 30, 2021, the Company had $193 million of cash on its balance sheet and approximately $930 million in total liquidity. The Company’s net debt leverage ratio was 3.7 times at September 30, 2021 and within the Company’s 3 to 4 times stated target range.
Share Repurchases and Dividends During the third quarter of 2021, the Company repurchased approximately 374,000 shares of its common stock for $27 million at an average price of $73.13 per share.
The Company paid common stock dividends of $23 million, or $0.24 per share, in the third quarter of 2021. The Company’s Board of Directors authorized a 33% increase in the quarterly cash dividend to pre-pandemic level of $0.32 per share, beginning with the dividend expected to be declared in fourth quarter 2021.
2021 Outlook The Company updated its outlook for full-year 2021 as follows:
Net rooms growth of 1.5% to 2% versus our prior outlook of 1% to 2%.
RevPAR growth of approximately 43% versus 2020, or a decline of approximately 14% compared to 2019, which is improved from growth of approximately 40% versus 2020, or a decline of approximately 16% compared to 2019.
Fee-related and other revenues of $1.21 billion to $1.23 billion, up from $1.16 billion to $1.19 billion.
Adjusted EBITDA of $560 million to $570 million, up from $525 million to $535 million.
Adjusted net income of $275 million to $285 million, up from $244 million to $254 million.
Adjusted diluted EPS of $2.93 to $3.03, up from $2.60 to $2.70, based on a diluted share count of 94.0 million that excludes any share repurchases after September 30, 2021.
Free cash conversion from Adjusted EBITDA of approximately 60%, up from approximately 55%.
More detailed projections are available in Table 8 of this press release. The Company is providing certain financial metrics only on a non-GAAP basis because, without unreasonable efforts, it is unable to predict with reasonable certainty the occurrence or amount of all of the adjustments or other potential adjustments that may arise in the future during the forward-looking period, which can be dependent on future events that may not be reliably predicted. Based on past reported results, where one or more of these items have been applicable, such excluded items could be material, individually or in the aggregate, to the reported results.
Conference Call Information Wyndham Hotels will hold a conference call with investors to discuss the Company’s results and outlook on Thursday, October 28, 2021 at 8:30 a.m. ET. Listeners can access the webcast live through the Company’s website at www.investor.wyndhamhotels.com. The conference call may also be accessed by dialing 877 876-9173 and providing the passcode “Wyndham”. Listeners are urged to call at least five minutes prior to the scheduled start time. An archive of this webcast will be available on the website beginning at noon ET on October 28, 2021. A telephone replay will be available for approximately ten days beginning at noon ET on October 28, 2021 at 800 839-4992.
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Global and international RevPAR began to lap the onset of the COVID-19 pandemic in January 2021, while the U.S. began to lap its onset in March 2021. As such, comparisons to 2019 (on a two-year, constant currency basis) are more meaningful when evaluating trends. On this basis, third quarter RevPAR in the U.S. exceeded 2019 levels by 7% while global RevPAR recovered to 97% of 2019 levels and international RevPAR declined 25%. The 7% increase in the U.S. represents continued sequential improvement compared to a decline of 5% in the second quarter of 2021. Notably, RevPAR for the Company’s economy brands exceeded 2019 levels by 14% in the third quarter. The 25% international decline demonstrates strong sequential progress from a 44% decline in second quarter led by growth in regions where travel restrictions subsided. Canada improved 32 points to a 17% decline and EMEA improved 43 points to a 25% decline, partially offset by a 10 point sequential decrease to a 17% decline in China due to travel restrictions resulting from local COVID outbreaks in August and September.
