World’s largest hotel franchising company welcomes hotels in Vietnam, France, Greece and Denmark;
Celebrates launch of new groups and meetings booking site with 5% discount for planners
Dolce by Wyndham Hanoi Golden Lake in Hanoi, Vietnam Click to Download
LAS VEGAS, Sept. 10, 2019 – Wyndham Hotels & Resorts (NYSE: WH) — the world’s largest hotel franchising company with approximately 9,200 hotels in 80 countries — is expanding its meetings-focused Dolce Hotels and Resorts brand in new, global destinations and making it more convenient than ever to book groups and meetings around the world with a new hub for planners: WyndhamHotels.com/Meetings.
To celebrate, Wyndham is offering planners a discount of five percent off the master bill when they contract 25 rooms or more at participating meeting-focused hotels – many of which offer 5,000 square feet of meeting space or more — between now and December 31, 2019 (for groups completing their stay by June 30, 2020). Full terms and conditions are available at WyndhamHotels.com/Meetings.
“With demand for meetings expected to climb 5-10% this year around the world, it’s more important than ever to continue expanding our offerings in new, inspired travel destinations,” said Carol Lynch, vice president of global sales for Wyndham. “Wyndham partners with meeting and event planners on every type of meeting – whether a major convention, an intimate board meeting, or something in between – to find the right spaces for their events. With the new, streamlined process through our website combined with fresh and exciting destinations, we’re helping planners curate the perfect trip.”
Dolce’s New Destinations
Dolce by Wyndham is designed to inspire creativity, with state-of-the-art meeting spaces offering advanced technology, artisan cuisine and inspiring activities in breath-taking surroundings. The brand is enhancing its portfolio for groups and meetings around the world, adding new options for planners in coveted destinations:
Vietnam – Dolce by Wyndham Hanoi Golden Lake: Located in Hanoi’s Giang Vo ward just 10 minutes from the city center, this 441-room hotel is expected to open in late 2019. The hotel will showcase an opulent, gold-inspired design as well as extensive facilities including multiple dining options, retail outlets, conference and wedding facilities, a fitness center and day spa, and a gold-tiled infinity pool overlooking the city.
France – Dolce by Wyndham Versailles: Expected to open in autumn 2020, Dolce by Wyndham Versailles will be an exceptional venue located in the Domaine du Montcel, inspired by an English garden, just a stone’s throw from HEC School of Management, 15 minutes to Versailles Palace and 30 minutes to Orly Airport and La Défense. With 15 meeting and reception rooms, 178 guest rooms, two restaurants, a bar, a stylish spa and a 34-acre park, Dolce by Wyndham Versailles will offer the subtle balance between authentic French elegance and contemporary comfort.
Greece – Akti Imperial Hotel & Convention Center, Dolce by Wyndham: Dolce welcomes the largest convention center in southeastern Europe, offering planners 242,190 square feet (22,500 square meters) of flexible space that can accommodate up to 8,000 conference guests or 2,500 banquet guests. Among 32 polished event venues, meeting planners will find a variety of meeting rooms and an impressive banquet facility, all featuring free Wi-Fi and the latest technology. The hotel’s lush garden and beautiful Ixia Beach can also be customized for a cocktail reception or wedding ceremony.
Marking its entry into Denmark, Wyndham has also collaborated with Comwell Hotels in an exclusive agreement to open multiple Dolce hotels in the Scandinavian hotspot:
Comwell Copenhagen Portside, Dolce by Wyndham: Expected to open in 2021, this newly built hotel will be located in Trælastholmen, in the vibrant district of Nordhavn. Situated right next to the harbor with easy access to many recreational areas, the hotel will feature captivating architecture inspired by Copenhagen’s historical warehouses. It will boast 484 rooms, 17 conference rooms and modern facilities including a restaurant, bar and two green atriums.
Comwell Aarhus, Dolce by Wyndham: Centrally located in Aarhus, Denmark’s second-largest city, this hotel is close to the harbor and surrounded by cozy cafes and restaurants. The hotel is currently open and offers 240 rooms, as well as a versatile conference space, restaurant and bar. The hotel offers guests wonderful views of Aarhus, and features stylish and urban décor, furnished by the Danish design company HAY.
Recently Renovated Spaces
In addition to new destinations, the brand is enhancing its hotels in the U.S. and debuting two renovations this year:
Seaview, a Dolce Hotel on the New Jersey Shore: Seaview is showcasing a new look inspired by its historic past following an $18 million dollar renovation of its 298 guest rooms and public spaces, including updates to the hotel’s dining and meeting areas. Boasting 34,500 square feet of event space with packages for both indoor and outdoor weddings, the hotel offers state-of-the-art meeting facilities across 21 meeting rooms designed specifically to stimulate productivity and creative thinking.
Dolce Cheyenne Mountain Resort in Colorado: Dolce Cheyenne Mountain Resort is debuting a new multimillion dollar renovation to guest rooms and public spaces inspired by the hotel’s scenic backdrop across 217 acres with views of the Colorado Rockies. In early 2020 the hotel will also debut renovated meeting and event space across its 10,000 square feet of function rooms.
Inspirational environments foster big ideas. That’s the philosophy behind Dolce Hotels and Resorts by Wyndham®. A curated collection of unique destinations, Dolce redefined modern meetings using creative spaces, state-of-the-art technology, nourishing food and beverage programs and inspired activities. From Napa Valley to Provence, Dolce’s breathtaking locations provide the backdrop to incredible travel experiences, whether in a meeting or relaxing at its award-winning golf courses, rejuvenating spas and nearby world-famous wineries. In addition to streamlining the planning process with its Complete Meetings Package (CMP), Dolce offers planners who are members of Wyndham Rewards the opportunity to take advantage of go meetSM. Casual and professional planners can earn one point for every dollar spent on qualifying revenue, with no minimum spend and no maximum point limit.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 817,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers over 77 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
La Quinta® by Wyndham uncovers seasonal bleisure trends with latest survey about summer business travel
La Quinta® by Wyndham uncovers seasonal bleisure trends with latest survey Click to Download
PARSIPPANY, N.J.(August 14, 2019) — Summer is peak vacation time for most, but for frequent business travelers it can be a struggle to squeeze in a much-needed vacation between work trips. With its latest “La Quinta Means Business” national survey, La Quinta® by Wyndham — a trusted hotel brand among career commuters for more than 50 years — unveils the unique trends and challenges for business travelers during the summer season and busy back-to-school months.
The survey offers insight on the distinct experience of business travel in the summer, including surviving stuffy conference rooms, being spotted in a bathing suit by coworkers, squeezing in some time for sightseeing and rushing to make it home in time for back-to-school prep. La Quinta makes it easy for business travelers to succeed in every season with amenities like free Wi-Fi, free breakfast, signature comfortable bedding and the ability to earn and redeem rewards points with Wyndham Rewards.
“Summer business trips can be the perfect opportunity to create new travel experiences by squeezing a little leisure time into the schedule,” said Lisa Checchio, chief marketing officer of Wyndham Hotels & Resorts. “By understanding the unique needs of business travelers in the summer – whether that means free, high-speed Wi-Fi to stay connected with kids as they head back to school, a comfy space to recharge between meetings, or the opportunity to earn points they can later redeem on a well-deserved vacation through Wyndham Rewards – La Quinta empowers road warriors to make the most of their summer business trips.”
SURVEY SAYS: SUMMER IS BLEISURE SEASON
La Quinta’s survey tapped into the mindset of today’s business traveler during the busy summer and back-to-school months to determine how the season might impact their decision-making while on the road:
I Need a Vacation
Under the radar: Nearly two-thirds (64%) of business travelers who have extended a trip have done so secretly for personal vacation without telling someone, including their coworkers (32%), boss (26%) and even their own partner (22%)
New territory: More than half (51%) of these business travelers have extended their business trips to explore the destination
‘Tis the sea-sun: For 56% of business travelers, summer is the best time to extend a business trip for a personal vacation
Vacation daze: On average, business travelers extended a trip for three days, with 42% of business travelers extending three to five days
Recharge your batteries: Nearly 3 in 10 (29%) business travelers have skipped out on a meeting or work event to take a nap or do something restful while on a business trip
Heat Wave
It’s getting hot in here: Sixty-five percent of career commuters say that being stuck in a conference room with no air conditioning during a summer business trip would be worse than having to wear a swimsuit in front of colleagues (35%)
Sweat suit: Eighty-two percent of male business travelers are more likely to pack extra clothing on a summer business trip than they would for another season
Look cool, feel cool: Given a choice between dressing well and dressing comfortably, business travelers would rather look cool (53%) than feel cool (47%) on a summer business trip
A cold one: Nearly three in four (74%) business travelers have skipped a work event while on a business trip, 31% of whom did something social with friends instead such as go to a bar or restaurant
On the Home Front
Me time: Forty-three percent of business travelers with children in school have extended a business trip by one to two days specifically to take time for themselves
There in spirit: Nearly all business travelers (95%) with school-age kids miss some school-related activities due to business travel; three in four (75%) business travelers miss activities frequently
Homework helper: While on a business trip, 69% of business travelers stay connected with their children when school is in session to make sure they get their homework done
Pur-ferred travel companion: Three in ten (30%) business travelers with kids and pets say they would prefer to travel with their pet and leave the kids at home
La Quinta by Wyndham’s “La Quinta Means Business” survey series aims to uncover the realities of business travel and the behaviors and quirks that road warriors exhibit as a result in order to better help them succeed while on the road with the signature amenities they need, including free high-speed Wi-Fi, free breakfast, 24/7 coffee and tea, signature comfortable bedding, modern fitness centers, social gathering spaces, and spacious in-room work areas with charging stations. For more information, visit www.lq.com.
The “La Quinta Means Business” survey was conducted by Wakefield Research between June 28 and July 8, 2019, using an email invitation and an online survey among 1,000 U.S. business travelers ages 35–54, defined as those traveling for business 10-plus times per year.
ABOUT LA QUINTA BY WYNDHAM With approximately 915 destinations in North and Latin America, the upper-midscale, pet-friendly La Quinta by Wyndham brand is a bright spot in every travelers’ journey. Whether traveling for business or leisure, guests can rest assured, relax, and recharge thanks to the brand’s Bright Morning Bed®, free Bright Side Breakfast®, spacious in-room work areas, and free high-speed internet. For more information, visit www.lq.com. Like and follow La Quinta on Facebook, Twitter, Instagram and YouTube. For more information on developing a La Quinta by Wyndham hotel, click here.
ABOUT WYNDHAM HOTELS & RESORTS
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 817,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers over 77 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
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Announces multi-unit agreement for five new-construction hotels expanding brand’s growing pipeline
PARSIPPANY, N.J. (August 13, 2019) – Microtel® by Wyndham, the award-winning economy hotel brand under Wyndham Hotels & Resorts (NYSE: WH), today announced an agreement with developer Pete Patel for five new properties under the brand’s innovative Moda prototype design. Just five months after launching the prototype, designed to increase operational efficiencies and lower development costs for hoteliers, Microtel by Wyndham’s pipeline is expanding with over a dozen new hotels adopting the design.
The agreement with Patel calls for Microtel by Wyndham properties in strategic growth markets including Destin and Fort Walton Beach, Fla.; Saint Rose and Chalmette, La.; and Midland, Texas. Patel also participated in the brand’s developer council, an advisory collective of owners, operators and managers with diverse portfolios across the industry who worked closely with designers to integrate their feedback into the Moda design.
“It goes a long way to see that a brand truly cares about the feedback from owners and developers,” said Patel. “The Wyndham team included us in the creative process as they were designing the Moda prototype for Microtel, which shows me that they care about evolving their brands in ways that work for those of us who build and operate them. It’s all about having a collaborative relationship with the brand, which is why we are excited to build these new Microtel hotels.”
Another member of the council, Mayur Patel of KM Hotels, also recently signed agreements for a prototypical Microtel by Wyndham hotel in Asheville, N.C. as well as a La Quinta® by Wyndham in Richmond, Va.
“The Moda prototype represents the evolution of Microtel, and we’re seeing that evolution come to life as we bring on new franchisees who value its efficiencies and smart design,” said Keri Putera, vice president, Brand Operations, Microtel by Wyndham. “The entire design was created in partnership with franchisees and developers who shared their expertise to help us craft one of the most efficient buildings in the business. We’re grateful for those relationships, which are now expanding into new partnerships for the brand.”
Microtel by Wyndham emphasizes modern efficiency and minimalism for today’s guest and owner. The Moda prototype elevates the brand’s design while aiming to reduce building costs, optimizing efficiencies and helping drive greater returns for franchisees. Moda reduces Microtel’s total footprint by 28 percent versus the prior prototype and delivers more than 70 percent of rentable space – one of the strongest rentable footprints in both the economy and midscale segments.
Microtel by Wyndham is the epitome of efficiency: it outperforms the segment, offers streamlined operations and leads its peers in guest satisfaction. Just last month, the brand was once again ranked first in the economy segment, securing the highest guest satisfaction rating in the 2019 J.D. Power North America Hotel Guest Satisfaction Index Survey.
The brand’s prototype is an important step in Wyndham Hotels & Resorts’ new-construction growth strategy, focused on delivering long-term value and quality for owners. Further elevating the experience for the everyday traveler and entrepreneurial hotelier, the Company’s development strategy prioritizes smart, long-term investment in the economy and midscale segments by proven hoteliers and takes a page from the best practices employed by its recently acquired La Quinta® by Wyndham brand.
The first hotels leveraging the new prototype are set to break ground later this year. As of June 2019, Microtel has 93 hotels in the development pipeline – 67 in the United States and 26 internationally. Interested developers can visit www.buildmicrotel.com, or contact the Microtel Franchise Development team by email at [email protected] and by phone at (800)889-9710, for more information.
AboutMicrotel by Wyndham Microtel by Wyndham is an award-winning chain of more than 340 economy hotels located throughout North America, Mexico and the Philippines. Consistently over-delivering on both guest and owner expectations, Microtel is the only all new-construction hotel in the economy segment. Ranked best-in-class by organizations like The Harris Poll®,” Microtel’s rich award-recognized heritage is backed by 16 J.D. Power honors – the most of any 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 the opportunity to earn and redeem points through Wyndham Rewards®, the brand’s guest loyalty program. Travelers can join the program for free at www.wyndhamrewards.com.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 817,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers 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.
Hospitality giant reinforces position as largest international franchisor in China, where it expects to open 500 hotels in the next three years
PARSIPPANY, N.J., July 30, 2019 – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,200 hotels globally, has continued to expand its hotel network across the Asia Pacific Region with a series of important openings, brand launches and new market entries.
With an Asia Pacific system of more than 173,000 rooms and 86 openings this year, Wyndham is bringing world-class hospitality and innovative new brands to the area while driving net rooms growth in a key region of the world. All of the brands in the Company’s portfolio, from Ramada to Days Inn to Super 8, are now endorsed by the powerful “by Wyndham” suffix – a significant step forward in Wyndham Hotels’ global branding strategy.
Greater China
In Greater China, Wyndham Hotels is the largest international franchisor, with more than 1,500 properties and 149,000 rooms in its franchised system. Based on current trends, Wyndham expects to open about 500 hotels in China over the next three years.
Leo Liu, president of Wyndham Hotels & Resorts, Greater China, said: “We have sustained our strong growth momentum and delivered robust hotel opening and net rooms growth figures in China. Working closely with owners and developers in the region, we are striving to further expand our presence across Greater China, especially in Hong Kong and in the northern and southwestern parts of China, where there is rapid growth and strong potential for further expansion of our footprint.”
Wyndham has been delivering significant progress against its growth objectives in China this year. In January, the 432-room Ramada® by Wyndham Hong Kong Harbour View opened, marking Ramada’s official return to the Hong Kong market. This was followed in May by the opening of the Ramada by Wyndham Hong Kong Grand View, with 317 rooms and a signature rooftop swimming pool. And, after reacquiring exclusive direct franchising rights for the Days Inn® brand in China in 2018, Wyndham has opened seven new Days Inn by Wyndham properties this year, from Chongqing to Guangzhou to Changsha.
Southeast Asia and Pacific Rim (SEAPR)
Wyndham is also growing rapidly in the 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.
“This is a hugely exciting region, where dynamic economies, rising affluence and strong intra-regional travel is creating exceptional conditions for growth. These trends give Wyndham plenty of scope for expansion, both in established and emerging markets,” said Joon Aun Ooi, president and managing director of Wyndham Hotels & Resorts, SEAPR. “We look forward to building strong partnerships with owners and developers across the region and introducing even more guests to our collection of innovative brands.”
So far this year, Wyndham Hotels has announced several notable market entries and expansions in the Southeast Asia and Pacific Rim region:
In January, Wyndham introduced the Days Inn brand to New Zealand with the opening of a new landmark hotel, Days Hotel & Suites by Wyndham Hamilton. The addition bolsters Wyndham’s presence in New Zealand and in Hamilton, the region’s fourth-most-populous city and a key growth market.
Also in January, Wyndham introduced the Wyndham Grand® brand in Myanmar with the announcement of the opening of Wyndham Grand Yangon. Rising from the shores of Kandawgyi Lake, Wyndham Grand Yangon is a new landmark in the heart of Myanmar’s commercial capital, offering breathtaking views of the lake and the golden Shwedagon Pagoda, along with an exquisite blend of grand facilities and authentic local touches.
In June, Wyndham opened the 222-room Ramada by Wyndham Daejeon, its 41st hotel in South Korea. This follows the March openings of the 592-room Ramada Encore by Wyndham Gimpo Han River and the 467-room Ramada Encore by Wyndham Jeongseon Sabuk.
All Wyndham Hotels & Resorts’ properties in Asia Pacific participate in Wyndham Rewards, the Company’s award-winning loyalty program, giving more than 77 million members globally a generous points-earning and redemption structure. This year the program became even more rewarding, with a wide array of convenient new features – from free nights at thousands of hotels starting at just 7,500 points (half their original redemption cost), to the addition of more than 900 La Quinta® hotels, to the ability to earn and redeem points with a host of new and expanded partners.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 817,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, 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.
PARSIPPANY, N.J., July 25, 2019 – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended June 30, 2019. Highlights include:
Revenues increased 23% compared with second quarter 2018, to $533 million.
Net income was $26 million for the second quarter, a 24% increase over the prior-year quarter; adjusted net income was $82 million, a 12% increase over the prior-year quarter.
Diluted earnings per share were $0.27 and adjusted diluted EPS were $0.84.
Adjusted EBITDA increased 27% compared with the prior-year quarter, to $159 million.
Global RevPAR increased 5% year-over-year in constant currency, and increased 40 basis points in constant currency and excluding our 2018 acquisitions and divestitures.
U.S. RevPAR increased 5% year-over-year, and increased 30 basis points excluding our 2018 acquisitions and divestitures.
System-wide rooms grew 3% year-over-year.
Company updates its full-year 2019 outlook.
“We continued to deliver solid results in the second quarter, highlighted by continued organic expansion of our system size and significant growth in adjusted EBITDA,” said Geoffrey A. Ballotti, chief executive officer. “We remain enthusiastic about our domestic and international growth prospects, driven by the strength of our brands and our award-winning Wyndham Rewards loyalty program.”
Revenues were $533 million, compared with $435 million in the second quarter of 2018. Results reflect $98 million of incremental revenues from La Quinta, which the Company acquired in May 2018. Excluding the impact from 2018 acquisitions and divestitures, revenues increased 1% in constant currency, primarily due to higher license, royalty and other fee revenues, partially offset by lower cost-reimbursement revenues as well as the timing of the Company’s global franchisee conference, which was in April last year but will be in September this year.
Net income was $26 million, or $0.27 per diluted share, compared to $21 million, or $0.21 per diluted share, in the second quarter of 2018. 2019 results reflect $40 million of primarily non-cash after-tax expense due to the Company’s intention to exit a legacy hotel-management arrangement that has been unprofitable for it. Prior- year results were impacted by the Company’s spin-off and the acquisition of La Quinta and therefore included substantially higher interest, separation-related and transaction-related expenses.
Adjusted net income was $82 million, or $0.84 per diluted share, compared with $73 million, or $0.73 per diluted share, in the second quarter of 2018. Second quarter earnings comparisons were impacted by the acquisition of La Quinta, higher interest expense and the timing of marketing expenses. Full reconciliations of GAAP results to our non-GAAP adjusted measures for all reported periods appear in the tables to this press release.
Second quarter adjusted EBITDA was $159 million, compared with $125 million in the second quarter of 2018. Management estimates that second quarter results reflect approximately $30 million of incremental adjusted EBITDA from La Quinta. Excluding the impact from 2018 acquisitions and divestitures, adjusted EBITDA increased 5% in constant currency primarily reflecting the growth in license, royalty and other fee revenues, partially offset by the timing of marketing expenses, which suppressed growth by $14 million, or thirteen percentage points. Consistent with the Company’s expectations, second quarter adjusted EBITDA represented 26% of the Company’s projected full-year adjusted EBITDA.
U.S. RevPAR and constant-currency global RevPAR increased a fraction of a point in second quarter 2019 compared to the prior-year period excluding our 2018 acquisitions and divestitures through their anniversary dates, as second quarter 2018 U.S. and global RevPAR benefited by approximately 150 and 80 basis points, respectively, from incremental post-hurricane demand.
As of June 30, 2019, the Company’s hotel system consisted of approximately 9,200 properties and approximately 817,000 rooms, a 3% increase compared with the second quarter of 2018. The Company’s development pipeline consisted of 1,400 hotels and approximately 188,000 rooms, a 10% year-over-year room increase. The Company also increased its pipeline sequentially by 4% compared to first quarter 2019.
Approximately 55% of the Company’s development pipeline is international and 74% is new construction.
Business Segment Discussion
The following discussion of second quarter operating results focuses on revenue and adjusted EBITDA for each of the Company’s segments.
Hotel Franchising
Revenues increased 15% compared to second quarter 2018, including $36 million of incremental revenues from La Quinta. Excluding the impact from 2018 acquisitions and divestitures, revenues increased 3% in constant currency due to higher license, royalty and other fees, partially offset by the timing of the Company’s global franchisee conference, which was in April last year but will be in September this year. Adjusted EBITDA grew 26% to $162 million, including an estimate of approximately $24 million of incremental adjusted EBITDA from the acquisition of La Quinta. Excluding the impact from 2018 acquisitions and divestitures, adjusted EBITDA grew 9% in constant currency reflecting the growth in revenues and the impact of reorganizing certain functions and related expenses into our Corporate segment as a result of our spin-off, partially offset by the timing of marketing expenses, which reduced adjusted EBITDA by $14 million.
Hotel Management
Revenues increased $55 million compared to the prior-year period, reflecting $62 million of incremental revenues from La Quinta (including $55 million of cost-reimbursement revenues). Excluding the impact from the acquisition of La Quinta, revenues declined $7 million primarily due to lower cost-reimbursement revenues, which have no impact on adjusted EBITDA. Adjusted EBITDA increased $8 million compared to the prior-year quarter, reflecting an estimated $6 million of incremental adjusted EBITDA from La Quinta.
Other Items
Share Repurchases and Dividends – The Company repurchased approximately 909,000 shares of its common stock for $50 million in the second quarter. The Company also paid common stock dividends of $28 million, or $0.29 per share, in the second quarter.
Hotel Management Contract Terminations – The Company expects to exit two unprofitable hotel- management arrangements that were initiated in 2012 and 2013. In conjunction with one arrangement that covers 22 hotels and 3,600 U.S. rooms, the Company’s guaranty obligations have been exhausted. The Company expects that this will result in the arrangement, including the Company’s ability to recapture out-of- pocket payments it had made to the hotels’ owner, being terminated. The Company recorded a non-cash impairment expense of $45 million and a $9 million contract termination charge in the second quarter, which were primarily related to the anticipated loss of the recapture opportunity.
In order to terminate the other arrangement, which covers eight hotel properties and 2,500 U.S. rooms, the Company has signed a non-binding letter of intent to make payments representing a significant discount to its remaining potential guarantee exposure, which is currently approximately $70 million. The Company expects to record a contract termination expense in the third quarter related to these future payments.
With the termination of these two arrangements, the Company’s future maximum annual hotel-management guaranty obligations will be reduced from $26 million to $5 million.
Outlook
The Company is updating its outlook for full-year 2019 as follows:
The reduction in forecasted revenue relative to the Company’s earlier outlook is almost entirely due to lower cost-reimbursement revenues, which have no impact on adjusted EBITDA. The forecast for Adjusted EBITDA reflects the substantial progress the Company has made in integrating La Quinta and favorable results at the Company’s owned hotel in Puerto Rico, as well as a modestly softer RevPAR environment than the Company had anticipated. The forecast for adjusted diluted EPS assumes an effective tax rate of 26%, one percentage point lower than previously estimated. The Company is providing an outlook for EBITDA, net income and EPS only on a non-GAAP, adjusted basis because it is unable to predict with reasonable certainty the occurrence or amount of potential adjustments that may arise in the future.
Conference Call Information
Wyndham Hotels will hold a conference call with investors to discuss the Company’s results and outlook on Thursday, July 25, 2019 at 8:30 a.m. ET. Listeners can access the webcast live through the Company’s website at www.investor.wyndhamhotels.com. The conference call may also be accessed by dialing 877
876-9174 and providing the passcode “Wyndham”. Listeners are urged to call at least five minutes prior to the scheduled start time. An archive of this webcast will be available on the website for approximately 90 days beginning at noon ET on July 25, 2019. A telephone replay will be available for approximately ten days beginning at noon ET on July 25, 2019 at 800 283-5758.
Presentation of Financial Information
Financial information discussed in this press release includes non-GAAP measures, which include or exclude certain items. These non-GAAP measures differ from reported GAAP results and are intended to illustrate what management believes are relevant period-over-period comparisons and are helpful to investors as an additional tool for further understanding and assessing the Company’s ongoing operating performance.
Exclusion of items in the Company’s non-GAAP presentation should not be considered an inference that these items are unusual, infrequent or non-recurring. Full reconciliations of GAAP results to the comparable non- GAAP measures for the reported periods appear in the financial tables section of this press release.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 817,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award- winning Wyndham Rewards loyalty program offers over 77 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include those that convey management’s expectations as to the future based on plans, estimates and projections at the time Wyndham Hotels makes the statements and may be identified by words such as “will,” “expect,” “believe,” “plan,” “anticipate,” “intend,” “goal,” “future,” “outlook,” “guidance,” “target,” “estimate,” “projection” and similar words or expressions, including the negative version of such words and expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Wyndham Hotels to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements contained in this press release include statements related to Wyndham Hotels’ current views and expectations with respect to its future performance and operations, including revenues, earnings, cash flow and other financial and operating measures, share repurchases and dividends.
You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Factors that could cause actual results to differ materially from those in the forward- looking statements include, without limitation, general economic conditions, the performance of financial and credit markets, the economic environment for the hospitality industry, operating risks associated with the hotel franchising and management businesses, the impact of war, terrorist activity or political strife, risks related to the acquisition and integration of La Quinta, risks related to our ability to obtain financing and the terms of such financing, risks related to the planned termination of certain hotel-management agreements (which may not be completed on the terms currently anticipated or at all), and the timing and amount of future share repurchases and dividends, as well as the risks described in Wyndham Hotels’ most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequent reports filed with the Securities and Exchange Commission. Except as required by law, Wyndham Hotels undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise.
PARSIPPANY, N.J., July 3, 2019 – Wyndham Hotels & Resorts (NYSE: WH) announced today that it will report second quarter 2019 results on Thursday, July 25, 2019. Geoff Ballotti, President and Chief Executive Officer, and David Wyshner, Chief Financial Officer, will host a call with investors at 8:30 a.m. ET that morning to discuss the Company’s results and business outlook.
Listeners can access the webcast live through the Company’s website at www.investor.wyndhamhotels.com. The conference call may also be accessed by calling 877 876-9174 and providing the passcode “Wyndham”. Listeners are urged to call at least five minutes prior to the scheduled start time. An archive of this webcast will be available on the website for approximately 90 days beginning at noon ET on July 25, 2019. A telephone replay will be available for approximately ten days beginning at noon ET on July 25, 2019 at 800 283-5758.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 812,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers over 75 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
Days Hotel & Suites by Wyndham Hamilton opens in the heart of Auckland’s Central Business District
HAMILTON, NEW ZEALAND, 6 JUNE 2019 – Wyndham Hotels & Resorts, the world’s largest hotel franchising company, has introduced its globally-recognized Days Inn® by Wyndham brand to New Zealand with the opening of a new landmark hotel, Days Hotel & Suites by Wyndham Hamilton.
The addition bolsters the Company’s presence in New Zealand and in Hamilton, the region’s fourth most-populous city and a key growth market. Since April 1, 2018, Wyndham has opened 34 total hotels in the South East Asia and Pacific Rim region, three of which carry the Days Inn flag. Globally, the brand has more than 1,700 hotels across 25 countries.
A modern hotel set in a historic 19th-century building on the corner of Hamilton’s Collingwood and Victoria streets, the Days Hotel & Suites by Wyndham Hamilton is owned by the Giarn Family Trust and is currently undergoing significant refurbishments to feature a new lobby bar, restaurant and reception area.
“Days Inn by Wyndham is one of the world’s most recognizable hotel brands bringing warm, inviting and reliable hospitality to everyday travellers across the globe,” said Joon Aun Ooi, president and managing director, Wyndham Hotels & Resorts, South East Asia and Pacific Rim. “Welcoming Days Hotel & Suites by Wyndham Hamilton to this important North Island city, an area where the brand will compete up within the midscale hotel segment, marks a major milestone in our global expansion strategy.
He added, “Hamilton is an established destination for business, but there’s a limited supply of world-class hotel brands in the Central Business District to support the city’s commercial expansion and theatre development. The Giarn Family Trust is an excellent partner and we look forward to elevating Hamilton’s lodging offerings with this latest addition.”
Formerly known as the Sudima Hamilton Hotel, a building dating back to 1876, the now Days Hotel & Suites by Wyndham Hamilton offers 69 guest rooms and suites featuring a full range of amenities, including complimentary Wi-Fi, self-controlled air conditioning and heating, flat screen televisions, and environmentally-friendly bathroom amenities. In addition, the studios and two-bedroom suites are fitted with furnished balconies, allowing guests to soak up the sights and sounds of bustling Victoria Street. The hotel also features private meeting facilities, a lounge, guest laundry facilities and onsite parking.
With its prime downtown location, guests are steps from the Waikato Museum and SKYCITY Hamilton, while Claudelands Park and the city’s conference centre are within a short driving distance. Visitors can also enjoy scenic strolls through the Hamilton Gardens, catch a cricket match at Seddon Park, watch rugby at FMG Stadium Waikato, take in a show at The Meteor Theatre or visit the animals at Hamilton Zoo.
Days Inn by Wyndham is helping guests seize the days, wherever their travels take them. In addition to the Days Inn by Wyndham name, the brand also franchises under the names Days Hotel by Wyndham and Days Hotel & Suites by Wyndham, among others. Across New Zealand, Wyndham now operates a total of ten hotels and resorts in several key destinations, including Auckland, Queenstown, Wanaka, Christchurch, Rotorua and Taipa. Days Inn by Wyndham becomes the company’s third distinct brand in the country, following Ramada® by Wyndham and Wyndham Garden®.
Days Inn by Wyndham hotels 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, 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.
About Days Inn by Wyndham
With more than 1,700 locations across 25 countries, Days Inn by Wyndham is one of the largest, most well-recognized hotel brands in the world. Welcoming guests with a warm smile and a clean, inviting room, most locations offer fast, free Wi-Fi; an energizing continental breakfast; swimming pool or fitness centre; and more. Whether it’s small town or downtown, a trip with family or a getaway with friends, count on Days Inn by Wyndham for a great stay paired with a little extra sunshine along the way. Seize the days and book your next stay at www.daysinn.com. You can also like and follow us on Facebook, Instagram, Twitter and YouTube.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 812,000 rooms appealing to the everyday 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®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers over 75 million enrolled members the opportunity to redeem points at tens of thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
Inks deal to introduce brand to Dominican Republic with eight new hotels;
Opens nine new hotels in U.S. in second quarter to date inspired by innovative Del Sol prototype
The recently-opened La Quinta Inn & Suites by Wyndham San Luis Obispo Downtown, owned by Andrew Firestone of Stone Park Capital, combines the brand’s Del Sol prototype with local architectural style, including a unique rooftop pool with sweeping views. Click to Download
NEW YORK, N.Y. (June 3, 2019) – La Quinta by Wyndham – celebrating one year as part of Wyndham Hotels & Resorts, the world’s largest hotel franchising company – showcases strong progress as it continues to expand its portfolio of hotels, today announcing plans to introduce its upper-midscale flag to the Caribbean for the first time while welcoming an additional nine new hotels to its growing U.S. portfolio.
“Now armed with Wyndham’s substantial scale, distribution and resources, La Quinta by Wyndham is just beginning to scratch the surface of its growth potential,” said Tom Barber, Chief Global Development Officer. “We’re seeing increased interest from developers and guests around the world as we expand the brand in strategic markets, leveraging our scale and global reach to capitalize on the brand’s international potential in destinations with strong demand for upper-midscale lodging – like the Dominican Republic – meeting the needs of the growing traveling class of 280 million households seeking trusted, value-driven travel experiences.”
Dominican Republic Debut
The development agreement with Caribbean developer Profusion Group marks the first executed deal outside of the U.S. for La Quinta by Wyndham since Wyndham acquired the brand and outlined its strategic international expansion plans.
The newly signed deal calls for eight new construction La Quinta by Wyndham hotels in the Dominican Republic over the next five years, four of which are slated to open in 2021 and will be managed by Wyndham’s growing international management arm. The new hotels will open in top destinations with emerging need for select-service accommodations as alternatives to the island’s upscale all-inclusive resorts, as well as in up-and-coming cities with growing hotel supply needs.
Barber added: “With a top-performing Caribbean economy and millions of annual visitors, the Dominican Republic attracts a variety of travelers seeking the exceptional value, service and quality for which La Quinta by Wyndham is known in the U.S. We are committed to working with passionate, like-minded partners like Profusion Group to introduce the brand to new markets – and new travelers – around the world.”
“The Dominican Republic’s leading position in the Caribbean’s hospitality sector, combined with Wyndham Hotels & Resorts’ leadership team, a strong and sustainable economy and growing middle class will add to La Quinta by Wyndham’s fast growing footprint,” said Edward De Valle II, CEO of Profusion Group.
The agreement complements the brand’s existing portfolio of 14 hotels in Latin America and the Caribbean. In early 2018, the brand debuted in Santiago, Chile, and León, Mexico.
Fast-Growing Footprint
La Quinta by Wyndham continues its growth in the U.S., welcoming nine new hotels in April and May 2019 including locations in Branson, Missouri; Flagstaff, Arizona; Spring and San Antonio, Texas; Perry and Brunswick, Georgia; as well as Clovis, San Bernardino and San Luis Obispo, California. Since its acquisition one year ago, the brand has executed nearly 30 franchise agreements and opened more than 20 hotels as part of the Wyndham Hotels & Resorts family.
New construction development is a major force behind the brand’s growth trajectory, accounting for approximately 90 percent of the 260 hotels in its pipeline as of March 31, 2019. Much of that growth is anchored by the brand’s Del Sol prototype, which combines dynamic design elements with guest-centric offerings while helping to maximize revenue-per-square-foot for developers. As part of its comprehensive new construction growth strategy, Wyndham Hotels & Resorts is applying La Quinta’s design expertise to its other brands, starting with economy leader Microtel by Wyndham which announced its new Moda prototype design earlier this year.
In April, the brand was successfully integrated to Wyndham’s cloud-based, state-of-the-art technology platforms in what Wyndham Hotels & Resorts believes was one of the largest same day migrations in the history of the hospitality industry. It was also integrated into the award-winning Wyndham Rewards loyalty program, adding 13 million new members and growing membership by approximately 20% to 75 million members.
The brand also launched its first integrated marketing campaign since it was acquired by Wyndham Hotels & Resorts, “Tomorrow You Triumph,” which captures business travelers’ unique experiences, highlighting La Quinta’s key business amenities that help deliver what guests need to succeed while traveling. The first national television spot, “Screensaver,” began airing in early April and hones in on the benefits Wyndham Rewards loyalty members can reap just by staying with La Quinta.
ABOUT PROFUSION GROUP
Profusion Group is a company dedicated to the development, investment and asset management in the Tourism and Hospitality sector. The firm’s target markets are concentrated in the Caribbean and North Latin America (LACAR) with a primary emphasis in the Dominican Republic. Through its highly qualified professional team, Profusion Group seeks to generate value in each of its activities, thus maximizing risk-adjusted returns for its investors.
ABOUT LA QUINTA BY WYNDHAM
With more than 915 destinations in North and Latin America, the upper-midscale La Quinta by Wyndham brand is a bright spot in every travelers’ journey. Whether traveling for business or leisure, guests can rest assured, relax, and recharge thanks to the brand’s Bright Morning Bed®, free Bright Side Breakfast®, spacious in-room work areas, pet-friendly rooms and free high-speed internet. For more information, visit www.lq.com. Like and follow La Quinta on Facebook, Twitter, and YouTube. For more information on developing a La Quinta by Wyndham hotel, click here.
ABOUT WYNDHAM HOTELS & RESORTS
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 812,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers over 75 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
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Opening in 2021, Wyndham Garden Quezon City will be the first Wyndham Garden hotel to enter the Philippines; it will become the sixth Wyndham Hotels & Resorts brand in the growing tourist destination
QUEZON CITY, PHILIPPINES (May 13, 2019) – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,200 properties worldwide, is bringing a fresh approach to hospitality in the Philippines with the launch of the country’s first Wyndham Garden hotel in Quezon City.
The new-construction Wyndham Garden Quezon City, located directly opposite the ABS-CBN communications and broadcasting center in the heart of Quezon City, Metro Manila, is expected to start welcoming guests in 2021. Upon opening, this modern 25-story hotel will feature 235 sleek and stylish rooms and suites, plus an extensive selection of upper-midscale amenities, naturally-lit meeting spaces and eco-friendly design.
The new-construction hotel is being developed by Wellworth Properties and Development Corporation, a real estate and property development company dedicated to building quality and well-designed developments. The hotel will be constructed by its parent company, H.S. POW Construction and Development Corporation which has more than 35 years of experience in the construction and engineering industry.
“Wyndham Garden is the perfect fit for the Philippines, where tourism is thriving. The country welcomed a record total of 7.1 million international visitors in 2018, up 7.7 percent year-over-year, so it’s important to introduce innovative international hospitality brands to the country’s key destinations. Wyndham Garden will be a breath of fresh air, with intuitive amenities that make every stay a breeze. We are delighted to be working with Wellworth Properties on this exceptional new project and we look forward to offering smart, stress-free stays to guests in Quezon City,” commented Joon Aun Ooi, president and managing director, Wyndham Hotels & Resorts, South East Asia and Pacific Rim.
Wyndham Garden Quezon City joins an extensive collection of Wyndham hotels in the Philippines. A total of 21 properties are currently operating all across the archipelago, located in key destinations such as Manila, Makati City, Quezon City, Boracay, Cebu City, Davao and Puerto Princesa. Wyndham Garden becomes the company’s sixth brand in the country, following Ramada by Wyndham, Ramada Encore by Wyndham, Days Inn by Wyndham, TRYP by Wyndham and Microtel Inn & Suites by Wyndham.
“We are very excited to be working with Wyndham Hotels & Resorts, one of the world’s leading international hospitality companies, to introduce the vibrant Wyndham Garden concept to the Philippines. Together with our capable team in the Philippines, we look forward to tapping into their hospitality expertise to implement state-of-the-art amenities, international standards and eco-friendly practices in the hotel’s construction and operations,” said Harrison S. Pow, president & CEO, Wellworth Properties.
“We believe in building with a purpose and sincerely serving our customers better. For the design of the first Wyndham Garden hotel development in the Philippines, we kept both the business and leisure traveler in mind. We incorporated contemporary, purposeful and functional design to make the traveler’s stay relaxing, convenient and comfortable. We also plan to include natural materials, pops of green and abundant natural light in the development, as well as introduce technologies and systems to reduce waste and energy consumption,” said Harly Geraldine Pow, Business Development & Marketing Manager, Wellworth Properties.
Guests will enjoy a full collection of facilities at Wyndham Garden Quezon City. The 235 rooms and suites will offer plenty of opportunities to recharge and refresh, with sleep-inducing beds, spa-inspired bathrooms with power showers, free Wi-Fi, working space and plenty of power points for electronic devices. The design of the hotel is intended to be bright and welcoming; splashes of green, plants and natural materials are used throughout the hotel, the hallways are lined with lights to maintain its light and airy feel, while wooden materials and carpets help noise reduction.
During the day, guests can enjoy soothing body treatments in the spa, work out in the well-equipped fitness center, or plunge into the elevated outdoor infinity pool, which also features a whirlpool tub and a pool bar.
The hotel’s all-day dining restaurant will specialize in global comfort food, including Chinese, Japanese, Korean, Filipino and Western specialties, and a grab-and-go outlet will serve convenient snacks and refreshing drinks. After dark, the hotel’s bar will provide a great space for guests to socialize with cool cocktails, mood lighting and smooth jazz music.
Situated conveniently near government buildings, media centers, corporate offices and retail establishments, Wyndham Garden Quezon City is expected to become a popular local venue for business functions and events. To cater for this sector, the hotel will offer a choice of naturally-lit meeting rooms, an events space and a spacious ballroom, providing options for all types of event.
All of Wyndham’s hotels and resorts in the Philippines participate in Wyndham Rewards®, the world’s most generous rewards program with more than 30,000 hotels, vacation club resorts and vacation rental properties 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, 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 travelers 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 812,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers over 75 million enrolled members the opportunity to redeem points at tens of thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
La Quinta by Wyndham and revered entrepreneur Robert Herjavec uncover what makes today’s business traveler tick with newly commissioned survey
PARSIPPANY, N.J.(May 2, 2019) — What does it take for today’s business traveler to make the most of their time on the road and experience triumphant trips? La Quinta by Wyndham — a trusted hotel brand among career commuters for more than 50 years — along with esteemed entrepreneur and investor on the hit television series Shark Tank, Robert Herjavec, today unveiled the behaviors, quirks and realities business travelers face with the brand’s first-ever “La Quinta Means Business” national survey.
In its new survey, La Quinta sheds light on burning business travel questions, including how many travelers actually unpack their suitcases, the latest they’ve stayed up preparing for meetings, the alarming number of people who have stocked up at the hotel breakfast bar for later and, yet, the number of business travelers who experienced loud, embarrassing stomach grumbles during a meeting. La Quinta is using these insights to help guests succeed while on the road with the signature amenities they need, including free high-speed Wi-Fi, free breakfast, 24/7 coffee and tea, signature comfortable bedding, modern fitness centers, spacious in-room work areas with charging stations and social gathering spaces.
“La Quinta is a longtime champion of business travelers, and hearing directly from this group allows us to better understand what motivates them and makes them tick so we can support them in the ways they need it most,” says Lisa Checchio, chief marketing officer of Wyndham Hotels & Resorts. “Business trips are opportunities for travelers to triumph in their careers — and we want to be there every step of the way. Not only do our hotels help these guests prepare with amenities like free Wi-Fi, breakfast and a great night’s sleep, but they also offer the expanded opportunity to earn and accumulate valuable loyalty points for their hard work and redeem them for sought-after perks like free nights through our award-winning Wyndham Rewards program.”
Few understand how to succeed in business, in life and on the road quite like Robert Herjavec. Traveling more than 100 days a year and spending nearly 300 hours in the air annually, Herjavec is the definition of a road warrior with unique insight on the idiosyncrasies of business travel.
“I’m constantly traveling for business, so it’s important that every facet of my travel experience, especially my hotel, helps me make the most of my most valuable resource: time,” says Herjavec. “I’m thrilled to work with La Quinta by Wyndham, a brand that understands the unique challenges business travelers face and offers the essentials we need to succeed.”
SURVEY SAYS: ALL IN A DAY’S WORK
La Quinta’s survey tapped into business travelers’ mindsets, how they maximize their hotel stays, how they amp up for a big day and more:
Home away from home
The bare necessities: Sixty-four percent of business travelers think it would be harder to go without high-speed Wi-Fi than clean underwear on a business trip
A type A traveler: Forty percent of business travelers unpack their suitcases and put things in the closet
or dresser
Rest assured: Forty-three percent of business travelers married or in a relationship prefer to sleep in a hotel bed they have all to themselves the night before a big meeting
Road fuel
But first, coffee: Thirty-four percent of business travelers say drinking coffee or tea is one of the most important ways to prepare for work while traveling
Deep pockets: Nearly four in five (79%) business travelers have stocked up on food from the hotel breakfast bar to eat later in the day
Hungry for success:More than a third (35%) of business travelers have had their stomachs grumble during a meeting or presentation
The hangover: More than 1/4 of male business travelers (28%) have been hungover during a meeting or presentation while on a business trip compared to 14% of female business travelers
Points & priorities
Paw-ssociates: Thirty percent of business travelers think that finding care for their pet(s) is among the biggest hassles to deal with when preparing to travel for business, while 23% think that finding care for their child(ren) is among the biggest hassles.
Happy birthday to me: Eighty-one percent of business travelers say they’ve missed a special event, such as birthdays or holidays, due to business travel
Loyal as the day is long: The majority of business travelers (59%) say they’d never stay in a hotel when traveling for work where they could not earn rewards points
The inaugural “La Quinta Means Business” survey comes on the heels of the brand’s first integrated marketing campaign since it was acquired by Wyndham Hotels & Resorts in May 2018 and joined the Wyndham Rewards loyalty program. The new campaign, “Tomorrow You Triumph,” captures business travelers’ unique experiences, mindsets and challenges, highlighting La Quinta’s key business amenities that help deliver what guests need to prepare, relax and succeed while traveling. The first national television spot, “Screensaver,” began airing in early April and hones in on the benefits Wyndham Rewards loyalty members can reap just by staying with La Quinta.
For more information, visit www.lq.com. The “La Quinta Means Business” survey was conducted by Wakefield Research between March 13 and March 19, 2019, using an email invitation and on online survey among 1,000 U.S. business travelers ages 35–54, defined as those traveling for business 10-plus times per year.
ABOUT LA QUINTA BY WYNDHAM With more than 915 destinations in North and Latin America, the upper-midscale, pet-friendly La Quinta by Wyndham brand is a bright spot in every travelers’ journey. Whether traveling for business or leisure, guests can rest assured, relax, and recharge thanks to the brand’s Bright Morning Bed®, free Bright Side Breakfast®, spacious in-room work areas, and free high-speed internet. For more information, visit www.lq.com. Like and follow La Quinta on Facebook, Twitter, and YouTube. For more information on developing a La Quinta by Wyndham hotel, click here.
ABOUT WYNDHAM HOTELS & RESORTS
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 812,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel Inn & Suites®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Collection®, and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services, with more than 400 properties under management. The Company’s award-winning Wyndham Rewards loyalty program offers over 75 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
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