Global hotel company’s culture of integrity, ethical business practices and focus on social responsibility and sustainability are the foundation of its commanding presence in the lodging industry
PARSIPPANY, N.J. (February 25, 2020) – With a commitment to acting with integrity and a mission to making hotel travel possible for all, Wyndham Hotels & Resorts (NYSE: WH) has been recognized as one of the 2020 World’s Most Ethical Companies by the Ethisphere Institute. This distinction marks the second time the Company has been by named to the list by Ethisphere, a leader in defining and advancing the standards of ethical business practices. Wyndham Hotels & Resorts is one of only two companies recognized in the lodging and hospitality segment for 2020.
“Our ethics and values-driven culture guide how we serve our guests, partners, communities and each other every day,” said Paul Cash, general counsel and chief compliance officer, Wyndham Hotels & Resorts. “Wyndham’s core values of integrity, accountability, inclusivity, caring and fun are reflected in our compliance, social responsibility and sustainability programs, helping us to make smart and ethical decisions, which contribute to the bottom line.”
The World’s Most Ethical Companies designation recognizes those companies which align principle with action, work tirelessly to make trust part of their corporate DNA, and in doing so, shape future industry standards by introducing tomorrow’s best practices today.
“Our ethical business practices foster great experiences and brand loyalty for our guests and for Wyndham Rewards members, as well as our Wyndham Hotels & Resorts team members,” added Samantha Vaughan, group vice president, corporate compliance and chief privacy officer.
Maintaining a strong focus on ethical practices is part of Wyndham Hotels & Resorts’ robust social responsibility commitment. Some of the Company’s activities and accomplishments include:
Creating a diverse and inclusive place to work and do business through its values-driven culture of ethics and integrity;
Working to protect human rights by providing team members, hotel owners and franchisees training and awareness tools to identify human trafficking in partnership with Businesses Ending Slavery and Trafficking (BEST), Polaris Project and ECPAT-USA; and
Implementing the Wyndham Green Certification Program, a progressive five-level property certification program focusing on sets of actions addressing energy, water and operational efficiencies as well as other industry best practices.
The World’s Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient® (EQ) framework which offers a quantitative way to assess a company’s performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics. Scores are generated in five key categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership and reputation (10%).
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.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 9,300 hotels across approximately 90 countries on six continents. Through its network of over 831,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with approximately 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers approximately 81 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 Increases Dividend 10% and Provides Full-Year 2020 Projections
PARSIPPANY, N.J., February 13, 2020 – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months and year ended December 31, 2019. Highlights include:
Diluted earnings per share for the quarter increased 58% to $0.68 and was unchanged for the full-year at $1.62; adjusted diluted EPS grew 40% to $0.81 for the quarter and 21% to $3.28 for the full-year.
Net income increased 49% to $64 million for the quarter, and decreased 3% to $157 million for the full-year; adjusted net income increased 35% to $77 million for the quarter, and 17% to $317 million for the full-year.
Adjusted EBITDA increased 22% to $153 million for the quarter, and 21% to $613 million for the full-year.
System-wide rooms grew 3% year-over-year, including S. rooms growth of 1% and international rooms growth of 6%.
The Company’s development pipeline grew 7% year-over-year to 193,000
S. RevPAR declined 3% compared to the prior-year quarter, and international RevPAR remained unchanged compared to the prior-year quarter in constant currency.
Returned over $100 million to shareholders in the quarter, through share repurchases and dividends, and over $350 million for the full-year 2019.
“We finished 2019 with another solid quarter, capping off a year in which we delivered rooms growth, earnings growth and free cash flow that were in line with our expectations despite headwinds from a soft RevPAR environment. We achieved these results through consistent execution, careful expense management and disciplined capital allocation,” said Geoffrey A. Ballotti, chief executive officer. “As we enter 2020, we are confident in the strength and resilience of our business and remain focused on executing every day to deliver exceptional value for our hotel owners, hotel guests and shareholders.”
Fourth Quarter 2019 Operating Results
Revenues decreased 7% to $492 million, compared to $527 million in the fourth quarter of 2018. The decline reflects lower pass-through cost-reimbursement revenues, which are inconsequential to adjusted EBITDA, in the Company’s hotel management business. Excluding cost-reimbursements, revenue grew 2% reflecting growth in royalties and franchise fees, higher license fees, and an increase in marketing, reservation and loyalty fees, partially offset by lower other revenues.
Net income increased 49% to $64 million, or $0.68 per diluted share, compared to $43 million, or $0.43 per diluted share, in the fourth quarter of 2018. Fourth quarter 2019 results include costs primarily related to a restructuring charge focused on enhancing the Company’s organizational efficiency and rationalizing its operations, transaction-related expenses associated with the integration of La Quinta and separation-related expenses associated with the Company’s spin-off. Fourth quarter 2018 results include costs primarily related to separation-related expenses associated with the Company’s spin-off.
Adjusted net income increased 35% to $77 million, or $0.81 per diluted share, compared to $57 million, or $0.58 per diluted share, in the fourth quarter of 2018. Fourth quarter adjusted net income benefited from the growth in revenues (excluding cost-reimbursement revenues), as well as lower marketing expenses due to timing and increased synergies from the integration of La Quinta. 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.
Fourth quarter adjusted EBITDA was $153 million, compared to $125 million in the fourth quarter of 2018, an increase of 22%. The increase in adjusted EBITDA primarily reflects the growth in revenues (excluding cost-reimbursement revenues), as well as, lower marketing expenses due to timing and increased synergies from the integration of La Quinta.
Full-Year 2019 Operating Results
Revenues increased 10% to $2,053 million, compared to $1,868 million in 2018. Results reflect $267 million of incremental revenues from La Quinta and $115 million of lower cost-reimbursement revenues in the Company’s hotel management business, which have no impact on adjusted EBITDA. Excluding the impact of these items, revenues increased 3% primarily due to higher license fees, an increase in marketing, reservation and loyalty fees and higher other revenues, partially offset by a $20 million reduction to revenues related to the Company’s agreement with CorePoint Lodging.
Net income was $157 million, or $1.62 per diluted share, compared to $162 million, or $1.62 per diluted share, in 2018. Full-year 2019 results reflect separation-related, transaction-related, impairment, contract-termination and restructuring expenses. Prior-year results included separation-related and transaction-related expenses associated with the Company’s spin-off and acquisition of La Quinta.
Adjusted net income was $317 million, or $3.28 per diluted share, compared to $270 million, or $2.71 per diluted share, in 2018. Full-year adjusted net income benefited from revenue growth, as well as incremental adjusted net income and increased synergies from the acquisition and integration of La Quinta, partially offset by higher interest expense. 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.
Adjusted EBITDA increased 21% to $613 million, compared to $507 million in 2018. Results are consistent with the Company’s recent projection of adjusted EBITDA of $610 million to $615 million for the full year. Excluding $63 million of incremental EBITDA from La Quinta and $17 million of incremental synergies, adjusted EBITDA increased 6%, primarily reflecting the growth in revenues.
As of December 31, 2019, the Company’s hotel system consisted of approximately 9,300 properties and over 831,000 rooms, a 3% year-over-year increase. The Company’s development pipeline consisted of 1,500 hotels and approximately 193,000 rooms, a 7% year-over-year room increase or 2% sequentially. Approximately 57% of the Company’s development pipeline is international and 70% is new construction.
Fourth Quarter 2019 Business Segment Information
The following discussion of fourth quarter operating results focuses on revenue and adjusted EBITDA for each of the Company’s segments.
Revenues increased 2% compared to fourth quarter 2018, due to growth in royalties and franchise fees, higher license fees, and an increase in marketing, reservation and loyalty fees, partially offset by lower other revenues. Adjusted EBITDA grew 24% to $151 million, reflecting the growth in revenues, lower marketing expenses and increased synergies from the integration of La Quinta.
Revenues decreased $39 million compared to the prior-year period, due to lower cost-reimbursement revenues, which have no impact on adjusted EBITDA. The decline in cost-reimbursement revenues is primarily due to a change in the way the Company is required to account for certain costs at a portion of its managed hotels. Absent cost-reimbursements, revenues increased $3 million primarily related to management contract termination fees. Adjusted EBITDA increased $3 million compared to the prior-year quarter primarily reflecting the management contract termination fees.
Other Items
Share Repurchases and Dividend Payments – The Company repurchased approximately 1.3 million shares of its common stock for $75 million in the fourth quarter. The Company paid common stock dividends of $27 million, or $0.29 per share, in the fourth quarter. For the full-year, the Company repurchased approximately 4.5 million shares of stock, or 5% of shares outstanding, for $244 million and paid $112 million, or $1.16 per share in dividends.
Dividend Increase – The Company’s Board of Directors authorized a 10% increase in the quarterly cash dividend to 32 cents from 29 cents per share, beginning with the dividend that is expected to be declared in the first quarter of 2020.
Restructuring Charge – The Company recorded a restructuring charge of $8 million during the fourth quarter for actions focused on enhancing organizational efficiency and rationalizing its operations.
Outlook
The Company provided the following outlook for full-year 2020, excluding any potential impact from the Coronavirus:
Revenues of $1.89 billion to $1.93 billion driven by lower cost-reimbursement revenues, which have no impact on adjusted EBITDA. Excluding cost-reimbursement revenues, the Company expects revenues of $1.46 billion to $1.49 billion.
Adjusted net income of $329 million to $339 million.
Adjusted EBITDA of $635 million to $645 million, as illustrated below.
Adjusted diluted EPS of $3.48 to $3.58, based on an adjusted diluted share count of 94.6 million that excludes future share repurchases.
Rooms growth of 2% to 4%, including an expected (0.7%) adverse impact from the loss of rooms that were previously covered by unprofitable hotel-management guarantees.
RevPAR of flat to down (2%) in constant currency, including an expected (0.7%) adverse impact from the loss of rooms that were previously covered by unprofitable hotel-management guarantees.
The Company views its year-over-year growth in adjusted EBITDA as follows (in millions):
More detailed projections are available in Table 6 of this press release. The Company is providing outlook for net income and EPS only on a non-GAAP basis because it is unable to predict with reasonable certainty the occurrence or amount of potential adjustments that may arise in the future. Details regarding potential impacts from the Coronavirus will be provided on the Company’s conference call.
Conference Call Information
Wyndham Hotels will hold a conference call with investors to discuss the Company’s results and outlook on Thursday, February 13, 2020 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 for approximately 90 days beginning at noon ET on February 13, 2020. A telephone replay will be available for approximately ten days beginning at noon ET on February 13, 2020 at 800 839-4012.
Presentation of Financial Information
Financial information discussed in this press release includes non-GAAP measures, which include or exclude certain items. These non-GAAP measures differ from reported GAAP results and are intended to illustrate what management believes are relevant period-over-period comparisons and are helpful to investors as an additional tool for further understanding and assessing the Company’s ongoing operating performance. The Company uses these measures internally to assess its operating performance, both absolutely and in comparison to other companies, and to make day to day operating decisions, including in the evaluation of selected compensation decisions. Exclusion of items in the Company’s non-GAAP presentation should not be considered an inference that these items are unusual, infrequent or non-recurring. Full reconciliations of GAAP results to the comparable non-GAAP measures for the reported periods appear in the financial tables section of this press release.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,300 hotels across approximately 90 countries on six continents. Through its network of over 831,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with approximately 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers approximately 81 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 federal securities laws, including statements related to Wyndham Hotels’ current views and expectations with respect to its future performance and operations, including revenues, earnings, cash flow and other financial and operating measures, share repurchases and dividends. Forward-looking statements include those that convey management’s expectations as to the future based on plans, estimates and projections at the time Wyndham Hotels makes the statements and may be identified by words such as “will,” “expect,” “believe,” “plan,” “anticipate,” “intend,” “goal,” “future,” “outlook,” “guidance,” “target,” “estimate,” “projection” and similar words or expressions, including the negative version of such words and expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Wyndham Hotels to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, general economic conditions, the performance of financial and credit markets, the economic environment for the hospitality industry, operating risks associated with the hotel franchising and management businesses, the impact of war, terrorist activity or political strife, concerns with or threats of pandemics, contagious diseases or health epidemics, risks related to the acquisition of La Quinta and our relationship with CorePoint Lodging, risks related to our ability to obtain financing and the terms of such financing and the timing and amount of future share repurchases and dividends, as well as the risks described in Wyndham Hotels’ most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequent reports filed with the Securities and Exchange Commission. Except as required by law, Wyndham Hotels undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise.
Will Host Conference Call and Webcast at 8:30 a.m. ET
PARSIPPANY, N.J., Jan. 13, 2020 /PRNewswire/ — Wyndham Hotels & Resorts (NYSE: WH) announced today that it will report fourth quarter and full-year 2019 results on Thursday, February 13, 2020. Geoff Ballotti, president and chief executive officer, and Michele Allen, chief financial officer, will host a call with investors at 8:30 a.m. ET that morning to discuss the Company’s results and business outlook.
Listeners can access the webcast live through the Company’s website at www.investor.wyndhamhotels.com. The conference call may also be accessed by calling 877 876-9173 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 for approximately 90 days beginning at noon ET on February 13, 2020. A telephone replay will be available for approximately ten days beginning at noon ET on February 13, 2020 at 800 839-4012.
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with over 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 822,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers over 79 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
SINGAPORE (January 20, 2020) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with more than 9,200 properties across over 80 countries, has appointed Andy Flaig as Head of Development for the South East Asia and Pacific Rim (SEAPR) region.
Based in Singapore, Andy will lead a team of developers to drive the development strategies for Wyndham Hotels & Resorts through the expansion of its brands and portfolio of managed and franchised hotels across the SEAPR region. Andy replaces David Wray who has completed his transition agreement with the hotel company and will remain with Wyndham Destinations Asia Pacific.
“Andy comes to Wyndham with a proven track record in the areas of hotel development, investment, and asset management. Along with his strong leadership and extensive regional connections, he is well-positioned to lead our development team in accelerating our growth across the region,” said Joon Aun Ooi, President and Managing Director SEAPR, Wyndham Hotels & Resorts.
“The South East Asia and Pacific Rim is a dynamic region brimming with potential and home to emerging markets like Vietnam and Myanmar that are starting to attract tourists in unprecedented numbers. I am excited to lead Wyndham’s development strategy in the region and look forward to building new relationships with owners and partners to drive strong returns under the Wyndham portfolio of hotel brands,” said Andy Flaig, Head of Development, SEAPR, Wyndham Hotels & Resorts.
Andy joins Wyndham Hotels & Resorts with more than three decades of experience in the hospitality sector. He served in multiple senior leadership roles within the industry and was most recently the Group Chief Development Officer at Next Story Group where he was responsible for the growth of their hotel and lifestyle co-working brands. Previously, Andy spent four years with Carlson Rezidor Hotel Group as Executive Vice President, Development and Technical Services for Asia Pacific, and eight years as Managing Director of Jones Lang LaSalle’s Hotels and Hospitality Group’s Advisory business in Asia.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 817,000 rooms appealing to the everyday traveller, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers over 77 million enrolled members the opportunity to redeem points at tens of thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
The safety of our guests, owners, team members and partners around the world is a top priority. We are currently recommending that our hotels in China follow the guidelines established by the World Health Organization (WHO), the U.S. Centers for Disease Control and Prevention (CDC), and their local health departments – and to report any suspected cases to the proper authorities as soon as possible. We are sending supplies to our hotels in China for distribution to workers, guests, and members of the community. Additionally, guests traveling to or from China with direct bookings for stays in any of our hotels from January 22nd through February 29th will have their cancellation or change penalties waived. We continue to monitor the situation closely.
Commits to reach 10 million Wyndham Rewards points donated to Polaris by end of 2020
Today at its global Town Hall, Wyndham Hotels & Resorts’ leadership team affirmed its ongoing commitment to support human trafficking awareness and prevention efforts and announced a donation of 1 million Wyndham Rewards points to Polaris, a leader in the global fight to eradicate human trafficking. Wyndham also announced a commitment to achieve – by year end – 10 million points donated by the company and Wyndham Rewards members to Polaris since 2008. (Deborah Fischman Photography for Wyndham Hotels & Resorts)
PARSIPPANY, N.J. – January 22, 2020 – Wyndham Hotels & Resorts (NYSE: WH), the world’s largest hotel franchising company with approximately 9,200 hotels across 80 countries, today reinforced its commitment to help combat human trafficking.
At its first global Town Hall event of the year, Wyndham today affirmed its ongoing commitment to support human trafficking awareness and prevention efforts and announced its donation of 1 million Wyndham Rewards points to Polaris, a leader in the global fight to eradicate human trafficking.
Wyndham also announced its commitment to achieve – by year end – 10 million points donated by Wyndham and Wyndham Rewards members to Polaris since 2008. For Wyndham Rewards members interested in donating points to Polaris, visit the Wyndham Rewards website or click here.
“We condemn human trafficking in any form,” said Wyndham Hotels & Resorts President and Chief Executive Officer Geoff Ballotti. “In recognition of National Slavery and Human Trafficking Prevention Month, we want to reinforce our partnerships with Polaris and other important anti-trafficking organizations, while continuing to educate the hospitality community on how to help identify and report trafficking activities.” Wyndham mandates human trafficking training for all company employees globally.
Polaris acts as a catalyst to systemically disrupt human trafficking by helping survivors restore their freedom, preventing more victims, and leveraging data and technology to pursue traffickers wherever they operate. Polaris uses Wyndham Rewards points in part for short-term stays for victims so they have a safe place to sleep while waiting for a spot in a shelter to open.
“Having a safe place to stay, even just overnight, is a vital first step in helping sex and labor trafficking survivors break free from their situations,” said Emily Tracy, chief development officer for Polaris, who received the points donation at today’s event. “Wyndham’s donation – one of many over the course of our 10-year partnership – will help survivors to move forward with their lives. We look forward to working together in the future to continue to address all of the ways that hospitality companies can and must play a role in the prevention and detection of sex and labor trafficking.”
In addition to Polaris, Wyndham supports the work of other organizations to promote awareness on how to identify and report suspected instances of human trafficking, including the American Hotel & Lodging Association, the Asian American Hotel Owners Association, End Child Prostitution and Trafficking, and International Tourism Partnership. Wyndham works with these organizations and others to educate employees across its business on the important issue of human trafficking.
Hotel guests also can spot the signs of trafficking. Guests who suspect trafficking or abuse can alert hotel management or security, or dial 911 or their local emergency number. They also can contact the National Human Trafficking Hotline at 1-888-373-7888 or text “BeFree” (233733) in the U.S., or visit GlobalModernSlavery.org for global information.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with over 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 822,000 rooms appealing to the everyday traveller, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers over 79 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
488-key Wyndham Acmar Klang debuts as hotel for business travellers, meeting planners and leisure guests in Malaysia’s main economic and tourism centre
MALAYSIA, 19 DECEMBER 2019 – Wyndham Hotels & Resorts, a leading provider of hotel management services and the world’s largest hotel franchisor with over 9,200 properties across more than 80 countries, today announced the opening of its flagship Wyndham hotel brand in the Royal Town of Klang, just 30 minutes from Kuala Lumpur.
Owned by Dwelling Makers Sdn. Bhd., a subsidiary of Acmar International Group of Companies, Wyndham Acmar Klang is poised to be a new landmark in Klang and a leading hotel choice for business travellers, meeting planners and leisure guests. The 488-room hotel will be managed by Wyndham’s growing international hotel management arm.
“We are thrilled to debut our namesake Wyndham brand in Klang, one of Malaysia’s commercial gateway and economic districts. As the first upscale, international five-star hotel to enter Klang, we want to provide a wider choice to domestic and international guests travelling to Malaysia for business,” commented Joon Aun Ooi, President and Managing Director, Wyndham Hotels & Resorts, South East Asia and Pacific Rim.
Joon Aun continued, “With Klang’s connection across three major highways into the city, coupled with its proximity to Port Klang, this town is ripe with business opportunities. The amazing growth we’re seeing in Malaysia for our brands is testament to Wyndham’s strength in and commitment to the market, coupled by a rapidly growing economy.”
Wyndham Hotels & Resorts has a portfolio of five hotels and resorts across Malaysia, including a Days Hotel & Suites property in Kuala Lumpur and Ramada-branded hotels in Kuala Lumpur, Melaka and Johor Bahru. The Company is growing rapidly in the Southeast Asia and Pacific Rim region, its fastest-growing region, which expanded by 23% year-over-year as of September 30th.
Wyndham Acmar Klang is designed as a leading place to stay, dine and host excellent events in Klang with its plush rooms and stylish suites, a designer outdoor pool, world-class cuisine in a selection of dining venues and well-designed meeting spaces including a luxurious Grand Ballroom.
The hotel is ideally located for business travellers and meeting planners, offering a total of 11 meeting rooms equipped with state-of-the-art audio and visual systems and an onsite business centre. Meeting offerings include the Grand Ballroom, which caters up to 2,200 guests for seminars, business meetings, dinner functions and weddings, highlighted by its spacious and unobstructed high ceiling with grand chandeliers and equipped with state-of-the-art LED screens and sound systems.
Guests looking to travel into the city can access any one of three major highways – Federal Highway, New Klang Valley Expressway (NKVE) and Konsortium Expressway Shah Alam Selangor (KESAS) — as well as several tourist attractions including Tugu Keris (Kris Monument), Klang’s Little India District, Central i-City Shopping Mall, Raja Mahadi Fort and i-City Recreational Centre.
The hotel features a range of facilities catered to today’s travellers, with a fitness centre and an outdoor pool as well as amenities for families including babysitting services and a kids club located in the hotel.
Wyndham Acmar Klang will offer guests a range of culinary options including an all-day dining restaurant serving local and international cuisine, a deli offering coffee and freshly baked pastries or cakes, a lobby lounge area serving cocktails and mocktails with live performances in the evening, and a Chinese restaurant serving Dim Sum and authentic Cantonese and Szechuan cuisine.
In conjunction with the opening of Wyndham Acmar Klang, the hotel will be offering a special promotion for its Superior Room from RM250* nett per night, which includes breakfast for two. *Terms and conditions apply, for more information about the hotel please visit www.wyndhamhotels.com or to inquire further, email [email protected].
ENDS
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with over 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 822,000 rooms appealing to the everyday traveller, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers over 79 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
PARSIPPANY, N.J. – December 3, 2019 – Wyndham Hotels & Resorts (NYSE: WH) today announced that David B. Wyshner has decided to step down as Chief Financial Officer, effective immediately, and move into a senior advisory role reporting to President and Chief Executive Officer Geoff Ballotti until March 1, 2020.
“As the CFO of Wyndham Worldwide and later Wyndham Hotels & Resorts, David was absolutely instrumental in the divestiture of our European Vacation Rentals Business, the acquisition of La Quinta Holdings, our spin-off from our parent company, establishing a new Finance leadership team and setting us up for the future. We are sincerely grateful for all that David has done to transition our new company for success,” said Mr. Ballotti.
“I thank my colleagues at Wyndham. It has been a pleasure to work with one of the best leadership teams in the industry,” said Mr. Wyshner. “I have enjoyed our teamwork, our culture and our many successes and see this as the right time for me personally to make this transition from the job I was brought in to do back in 2017.”
The Company also today announced the promotion of its Treasurer and Executive Vice President, Michele Allen, to succeed Mr. Wyshner as CFO, effective immediately. Ms. Allen, who began her career at Deloitte & Touche, is a 20-year veteran of Wyndham Hotels, Wyndham Worldwide and Cendant Corporation – having been the global Senior Vice President of Finance and Controller for the former Wyndham Hotel Group, and Senior Vice President of Finance for Wyndham Worldwide. Since the spin-off, she has played a critical role in developing the leadership talent of our Finance organization, while helping to drive our first six quarters of consistent execution as a new public company.
Mr. Ballotti commented, “Michele is an exceptional leader whom I’ve had the pleasure to work alongside for over a decade. Her readiness to assume this role was part of our Board’s ongoing succession planning process. She personally knows our leadership teams around the world and understands this business inside-out. I am confident she will hit the ground running with the full support of our team here in New Jersey and around the world.”
The Company further announced the appointment of its Deputy Treasurer, Barry Goldschmidt, to Treasurer.
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with over 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 822,000 rooms appealing to the everyday traveller, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers over 79 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
Wyndham continues its strategic expansion across Southeast Asia and the Pacific Rim with first Wyndham Garden in Australia, Wyndham Garden Suites Spring Hill Brisbane
Wyndham continues its strategic expansion across Southeast Asia and the Pacific Rim with first Wyndham Garden in Australia, Wyndham Garden Suites Spring Hill BrisbaneClick to Download
BRISBANE, QUEENSLAND (15 OCTOBER 2019) – Wyndham Hotels & Resorts, the world’s largest hotel franchisor with more than 9,200 hotels in more than 80 countries, has unveiled plans to introduce its Wyndham Garden® brand to Australia with the signing of a stylish new hotel in Brisbane.
The 120-room Wyndham Garden Suites Spring Hill Brisbane, scheduled to open in September 2021, is a fresh and inviting new concept for Australian travellers featuring a collection of spacious suites for guests on both short and extended stays in the city. The new-build hotel is owned by Image Developments and will operate under a franchise agreement with Wyndham Hotels & Resorts.
“We are thrilled to debut Wyndham Garden – one of our fastest growing brands – in one of Wyndham’s most important markets. Brisbane’s tourism industry is booming (with visitor expenditure surging 10 percent in the year ending March 2019, including an impressive 15 percent jump in international revenues), making this the perfect time to add our third brand in the city. The launch of Wyndham Garden will give even more options to domestic and international guests travelling to Australia and we look forward to expanding to even more destinations nationwide,” commented Joon Aun Ooi, President and Managing Director, Wyndham Hotels & Resorts, South East Asia and Pacific Rim.
Wyndham’s Southeast Asia and Pacific Rim (SEAPR) region, which expanded by 22% year-over-year through the second quarter and includes more than 24,000 rooms, is the Company’s fastest-growing region. So far this year, Wyndham has announced several notable market entries and expansions in the region, including the debut of Days Inn® by Wyndham in New Zealand, the entry of Wyndham Grand® in Myanmar, and the expansion of Ramada® by Wyndham in South Korea.
Wyndham Garden Suites Spring Hill Brisbane will join a network of 116 Wyndham Garden hotels worldwide across locations in the US, Europe, China and South East Asia.
The all-suite hotel features a bright and welcoming concept with splashes of green and plenty of daylight, along with facilities that allow guests to relax and recharge including a swimming pool, a fully equipped fitness centre and an onsite restaurant. For corporate guests, the hotel’s two meeting rooms will provide options for a wide range of events from training courses to boardroom strategy sessions.
Wyndham Garden Suites Spring Hill Brisbane is perfectly positioned in leafy Spring Hill, just two kilometres from Brisbane CBD and its many attractions, including Howard Smith Wharf and Eagles Street Pier riverside restaurant precincts. Spring Hill is also home to a wide range of cafés, restaurants, pubs and bars, creating a vibrant suburban ambience, and is within walking distance of the Roma Street Parklands and just a 15-minute drive from Brisbane International Airport.
“We are proud to partner with Wyndham for this exciting new project as we introduce the Wyndham Garden brand to Australia for the first time,” said Rupert Yang, Director, Image Developments. “This modern concept is perfectly suited to Brisbane, and especially the vibrant Brisbane CBD fringe district of Spring Hill. I look forward to working with Wyndham to bring this new brand concept to life in a truly alluring destination.”
Wyndham Hotels & Resorts currently operates a portfolio of 35 hotels across four brands in Australia: Ramada by Wyndham, Ramada Encore by Wyndham®, TRYP by Wyndham® and Wyndham®. The hotels are located in key leisure and business destinations across Australia including Sydney, Melbourne, Gold Coast, Hervey Bay and Phillip Island.
All of Wyndham’s hotels and resorts in Australia participate in Wyndham Rewards®, the world’s most generous rewards program with more than 30,000 hotels, vacation club resorts and vacation rentals worldwide. Designed for the everyday traveller, the program’s more than 77 million members earn a guaranteed 1,000 points with every qualified stay and may redeem points for a wide range of rewards, including free nights, gift cards, merchandise and more.
Travel isn’t always easy, but that’s where Wyndham Garden® comes in. Designed with a lens on the little details, Wyndham Garden offers guests a smart and nurturing hotel experience to help them travel at ease. Hotels include flexible meeting spaces, inviting lobbies, welcoming lounges and complementary high speed internet access. With a strong and growing footprint around the world, including many hotels conveniently located near major airports, Wyndham Garden brings a carefree convenience and peace of mind to both business and leisure travellers escaping the hustle and bustle. Follow us on Facebook.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 817,000 rooms appealing to the everyday traveller, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards® loyalty program offers over 77 million enrolled members the opportunity to redeem points at tens of thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
Will Host Conference Call and Webcast at 8:30 a.m. ET
PARSIPPANY, N.J., Oct. 7, 2019 — Wyndham Hotels & Resorts (NYSE: WH) announced today that it will report third quarter 2019 results on Tuesday, October 29, 2019. Geoff Ballotti, president and chief executive officer, and David Wyshner, chief financial officer, will host a call with investors at 8:30 a.m. ET that morning to discuss the Company’s results and business outlook.
Listeners can access the webcast live through the Company’s website at www.investor.wyndhamhotels.com. The conference call may also be accessed by calling 877 876-9174 and providing the passcode “Wyndham.” Listeners are urged to call at least five minutes prior to the scheduled start time. An archive of this webcast will be available on the website for approximately 90 days beginning at noon ET on October 29, 2019. A telephone replay will be available for approximately ten days beginning at noon ET on October 29, 2019 at 800 283-4799.
About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 817,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers over 77 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
