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.
Microtel by Wyndham Guiyang opens in heart of Guiyang’s financial district; two additional Microtel hotels slated to open in China later this year as Wyndham capitalizes on increase in inbound and domestic tourism
SHANGHAI, CHINA, October 10, 2019 – Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,200 hotels across more than 80 countries, today announced the arrival of its award-winning Microtel® by Wyndham brand in China with the opening of the 192-room Microtel by Wyndham Guiyang.
Located in the heart of Guiyang, in Southwest China’s Guizhou province, the opening marks a key milestone for Wyndham Hotels & Resorts as it continues to aggressively expand its presence across China, introducing new brands and hotels to key primary and secondary markets. Wyndham is the largest international hotel franchisor in China, with a portfolio of more than 1,500 hotels across 11 brands in the region, including recent additions under Wingate® by Wyndham and TRYP® by Wyndham, which entered the region in 2018 and 2017, respectively.
“Since 2015, Wyndham has successfully introduced four new brands to the China market,” said Leo Liu, president and managing director of Wyndham Hotels & Resorts in Greater China. “With inbound and domestic tourism in China rising year over year, this creates tremendous opportunity for brands like Microtel, which is purpose-built for the needs of today’s modern travelers, particularly millennials, with stylish rooms and efficient, tech-centric amenities.”
Brilliantly Efficient and Built for the Modern Traveler
Microtel is a trailblazer in efficiency, all-new construction and award-winning service, focused on delivering long-term value and quality for today’s hotel guests and owners. In China, Microtel depicts a neo-futurism design concept, which is characterized by contemporary architecture, novel shape, clean-cut lines and a minimalist interior.
Specific for the market and lifestyle traveler in China, and to align with Wyndham’s strategy in the country, Microtel by Wyndham Guiyang takes the brand’s modern efficiencies and minimalist look to the next level by incorporating a new, streamlined design, including a neutral color palette of black, white, grey and beige. Because of this, and to expand in a faster pace in line with demand in the region, Microtel in China will be a select-service lifestyle brand, where functionality doesn’t compromise style.
Microtel by Wyndham Guiyang
The newly-built, 192-room Microtel by Wyndham Guiyang is situated in building 4 of the International Finance Center in the Guanshanhu District. The 21-floor hotel is in in the heart of Guiyang’s core financial district, and only a 10-minute walk from the Ecological Conference Center and five-minute walk from the nearby metro station. Offering sweeping city views, it is the first intelligent hotel in Guiyang thanks to in-room voice automation, which allows guests to control lighting, temperature and the television, and check weather conditions and traffic patterns by speaking to a small, table top device. Further, a self-check-in and check-out kiosk is available for an accelerated arrival and exit experience. The kiosk supports fast electronic payment through scanning a QR code, so guests can spend more time enjoying other amenities and exploring sites around Guiyang.
In addition to one all-day dining restaurant, the hotel will feature two meeting facilities that cater to 50 and 100 guests, respectively. Additionally, complimentary laundry and free access to the gym are available for every staying guest.
Wyndham already has plans to continue expanding Microtel’s footprint across Greater China, as two more Microtel hotels have been signed and are scheduled to open later this year. This includes a new Microtel in Hangzhou, which will incorporate in-room technology from Xiaomi Youpin, a top electronics company in China. Microtel will leverage its collaboration with Xiaomi Youpin in an effort to further explore hotel automation and artificial intelligence functions.
All Microtel by Wyndham hotels participate in Wyndham Rewards®, the award-winning loyalty program of Wyndham Hotels & Resorts, offering members access to more than 30,000 hotels, vacation club resorts and vacation rentals globally.
About Microtel by Wyndham
Microtel by Wyndham is an award-winning chain of more than 340 economy hotels located throughout North America, Mexico, the Philippines and China. Consistently over-delivering on both guest and owner expectations, Microtel is North America’s 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 top honors – the most of any hotel brand in the economy segment. Microtel prides itself on being an innovator, offering an elevated experience 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 News Source: Wyndham Hotels and Resorts 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.
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.
World’s largest hotel franchising company highlights efforts to elevate brands, serve owners, drive global growth and innovate for guests as part of its mission to make hotel travel possible for all
LAS VEGAS, Sept. 25, 2019 – Wyndham Hotels & Resorts (NYSE: WH) – the world’s largest hotel franchising company with approximately 9,200 hotels across more than 80 countries – outlined plans to advance its position as the world’s leading provider of select-service hotel brands before thousands of its franchisees at its first global conference as an independent hotel company.
With a focus on enhancing returns for its nearly 6,000 franchisees, the Company unveiled several initiatives designed to elevate its brands, deliver incremental resources to its owners, grow its presence and meet the needs of today’s travelers.
“As the world’s largest hotel franchisor, our commitment to making hotel travel possible for all starts with our franchisees,” said Geoff Ballotti, president and CEO of Wyndham Hotels & Resorts. “Together, we are elevating our family of iconic brands through innovation in quality and design, operational efficiency, strategic growth and guest experience to shape not only the future of Wyndham but the legacy of our owners around the world.”
Elevating Economy
Wyndham continues to democratize travel by elevating the economy segment with distinct, meaningful experiences for guests – at an affordable price point – for some of its most iconic brands. On the heels of recent brand-wide redesign efforts for Super 8® by Wyndham and Howard Johnson® by Wyndham, the company unveiled a new look for Days Inn® by Wyndham.
Dawn of a New Days Inn: With its 50th anniversary approaching in 2020, Days Inn – one of the largest brands in the economy segment – unveiled a new interior design package for its 1,400 hotels in the U.S. The new design, aptly named Dawn, takes inspiration from the sun with bright and airy rooms and sun-centric art celebrating the brand’s roots with a modern flair. The brand expects to implement the design standard across its U.S. portfolio in several phases.
Revolutionizing Design and Construction
The Company is prioritizing new-construction growth with the launch of both new and refreshed prototypes designed to lower development costs and capture greater efficiencies, taking a page from the best practices of La Quinta® by Wyndham and the success of the recent Moda prototype launch from Microtel by Wyndham®.
Growing Garden: The Company announced plans to reposition its Wyndham Garden® brand for growth with a new interior and exterior prototype called Arbor, which offers a streamlined, modern aesthetic inspired by nature that is designed to reduce cost-per-key to build.
Dual-Branding La Quinta and Hawthorn Suites® by Wyndham: Wyndham is introducing a new prototype combining its extended-stay Hawthorn Suites brand with La Quinta, designed to streamline development and operational costs while appealing to multiple types of travelers. The dual-brand prototype leverages the newly refreshed room of La Quinta’s Del Sol prototype, which continues to draw developers, with seven new-construction agreements signed in the second quarter.
Reimagining AmericInn® by Wyndham: The Company also debuted a refreshed interior design for AmericInn inspired by the modern lodge look, updating the brand’s contemporary exterior prototype while celebrating its heritage. Together, the interior and exterior designs represent the brand’s fourth-generation prototype.
Driving Global Growth
As international tourism continues to grow, Wyndham is positioning its well-known brands to capitalize on the rising demand for trusted lodging options for all travelers, particularly everyday travelers and the growing global middle class.
New Brands in New Markets: Five Wyndham brands have opened in new markets this year, including Days Inn in New Zealand; Microtel in China; Ramada® by Wyndham in Armenia; Wyndham® in Malaysia; and Wyndham Garden in Argentina, Australia and the Philippines. The Company also signed agreements to introduce Dolce Hotels and Resorts® by Wyndham in Denmark and Vietnam this year, and La Quinta in the Dominican Republic in 2021.
Making its Mark: Since launching just over two years ago as the first soft brand geared toward midscale and upper-midscale hotels, Trademark Collection® by Wyndham continues its rapid growth around the world, adding six new hotels in Canada and its first hotel in Latin America, in Belize, to its more than 100 hotels in North America and Europe.
Growth in Asia: Wyndham is the largest international franchisor in Greater China and recently announced plans to open approximately 500 hotels in China over the next three years, bringing its total to more than 2,000 hotels there by the end of 2022. The Company is also growing rapidly in Southeast Asia and the Pacific Rim, its fastest-growing region, and plans to open three new hotels in Thailand later this year. Additionally, Wyndham added three Ramada hotels in South Korea this year, surpassing 40 hotels in the country.
Digital Technology Evolution
Following its strategic initiative to endorse all of its brands with the “by Wyndham” moniker – one of the largest name changes in the industry’s history – and the evolution of Wyndham Rewards, which brought about innovative, first-to-market partnerships such as DoorDash, Wyndham is leveraging new technology to expand its digital efforts to drive brand recognition and contribution and enhance the guest experience across its portfolio.
Wyndham Wi-Fi: Addressing the ongoing challenge of providing great guest Wi-Fi, Wyndham franchisees now have access to a new bundle of wireless and network services featuring high-quality hardware and equipment at lower costs called Wyndham Wi-Fi. Hoteliers will have access to best-in-class wireless and network equipment, a professional home page, superior Wi-Fi services with consistent signals capable of handling guests’ multi-screen needs, and one-stop shopping for support.
Mobile First: To meet guests where they are – literally, in the palm of their hands – the Company will launch a new mobile app in the spring of 2020 offering streamlined bookings, account management, gamification, and exciting on-property features enabling guests to make the most of their stays. This intuitive, anticipatory app also will provide Wyndham Rewards members with personalized moments woven throughout their journey.
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®, Baymont®, 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. If you are interested in development opportunities, please visit development.wyndhamhotels.com.
Company capitalizes on record-setting tourism growth as visitor numbers soar
Artist Impression of Wyndham Nai Harn Resort PhuketClick to Download
BANGKOK, THAILAND(2 September 2019) – Wyndham Hotels & Resorts – the world’s largest hotel franchisor with approximately 9,200 hotels across more than 80 countries – expects to welcome several new properties in Thailand by the end of 2020 under its upscale Wyndham® brand.
“Thailand’s tourism industry is riding the crest of a wave, with record numbers of visitors travelling to the country in search of its idyllic tropical climate and iconic attractions. Within the next two years, Wyndham will launch a series of exceptional new hotels and resorts in many of Thailand’s most sought-after regions, expanding the capacity of established destinations and bringing international accommodation to exciting new markets. We look forward to enabling a new generation of guests to experience the wonders of Thailand,” said Joon Aun Ooi, President and Managing Director, Wyndham Hotels & Resorts, South East Asia and Pacific Rim.
Thailand’s tourism industry continues to set new records. According to the Tourism Authority of Thailand (TAT), the country welcomed 31.25 million international visitors in the first ten months of 2018, up 7.8 percent year-on-year. The full-year total for 2018 is certain to have exceeded the TAT’s target of 36 million visitors, representing a new all-time high.
Thriving in Thailand
Southeast Asia continues to be Wyndham’s fastest-growing region, growing 22% year-over-year and currently comprises over 24,000 rooms. The Company continues to expand its presence in the region with new hotels slated to open in Thailand by the end of 2020:
Wyndham Nai Harn Resort Phuket, scheduled to open in the fourth quarter of 2019, will become the first internationally-branded hotel in the Nai Harn area of Phuket. Owned by Cissa Group Co., Ltd, this tranquil resort will be unlike any other hotel in Phuket, with a large swimmable lagoon covering the entire ground floor, flowing between the buildings and directly accessible from many of the 353 rooms and suites. Guests will have a choice of restaurants, a swim-up bar, a rooftop garden and lounge, a spa and wellness centre as well as meeting rooms.
Wyndham Chalong Phuket, scheduled to open in the second quarter of 2020 and also owned by Cissa Group Co., Ltd, will feature 150 pool villas, including two- and three-bedroom options. Located near Chalong Bay, the resort will also offer an all-day restaurant, a bar, a spa, a fitness centre and modern meeting spaces.
Wyndham Atlas Wongamat Pattaya, opening in late 2020 on the country’s popular Eastern Seaboard, will feature 192 rooms and suites, a restaurant, a lounge, a fitness centre and meeting space. This new-build hotel will be crowned by a dramatic rooftop pool and garden with views of the sea.
Earlier this year, the Company opened three new hotels as part of its ongoing expansion plans, including a milestone development of its first two hotels in the Krabi province:
Ramada Plaza by Wyndham Chaofah Phuket, owned by CAS Holding, is located in the historic heart of Phuket Town and reflects the island’s cultural heritage with its Peranakan style. Surrounded by attractions including the King Power duty free retail complex, this upper-midscale hotel features 257 rooms and suites, two restaurants, a fitness centre and a spectacular rooftop infinity pool with views of Phuket Town and the Big Buddha. The hotel is a prime venue for events, with one of the largest ballrooms in town capable of hosting up to 400 people.
Ramada by Wyndham Aonang Krabi, owned by the Nagapura Group, is perfectly positioned in Aonang, Krabi’s most popular beachfront tourism district. The hotel features 80 rooms, including six pool villas and 15 rooms with direct access to the resort’s outdoor pool. Guests can also enjoy a wide variety of upscale facilities, including two restaurants, two swimming pools, a pool bar, a spa, a kid’s club and meeting rooms.
Days Inn by Wyndham Aonang Krabi, also owned by the Nagapura Group, is nestled on the seafront overlooking the azure Andaman Sea, and offers 38 bright and inviting rooms and suites, plus an ocean-facing restaurant, a swimming pool and pool bar.
All of Wyndham’s hotels and resorts in Thailand 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 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.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or on behalf of Wyndham Hotels & Resorts, Inc. This press release contains forward-looking statements about Wyndham Hotels & Resorts, Inc.’s current views and expectations with respect to the openings of three new hotels in Thailand. These statements are made on the basis of our views and assumptions as of the time the statements are made. Management does not undertake any obligation to update these statements. Actual results may differ materially from those expressed or implied. Such differences may result from actions taken by Wyndham Hotels & Resorts, Inc. as well as risks set forth in Wyndham Hotels & Resorts, Inc.’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) and subsequent reports filed with the SEC.
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.
Copenhagen, 28th August 2019 – Wyndham Hotels & Resorts – the world’s largest hotel franchising company with approximately 9,200 hotels in more than 80 countries – and Comwell Hotels – an award-winning hotel chain in Denmark – today announced the signing of an exclusive agreement to open multiple hotels under the Dolce Hotels and Resorts by Wyndham brand in Denmark. The collaboration, which marks Wyndham’s first entry in the country, will initially include two openings in Copenhagen and Aarhus.
One of Wyndham Hotels & Resorts’ 20 iconic hotel brands, Dolce by Wyndham is designed to inspire and delight guests by turning experiences into extraordinary moments. Dolce by Wyndham hotels around the world offer state-of-the-art meeting spaces with advanced technology, curated cuisine and inspiring activities, all in breath-taking surroundings from France, to Greece, Spain, Portugal, Germany, Belgium, the U.S. and now in Denmark.
Comwell Copenhagen Portside, Dolce by Wyndham is expected to open in 2021. The new-built hotel will be located in Trælastholmen, in the vibrant district of Nordhavn. Situated right next to the harbour 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. The hotel will be the first and largest in Comwell’s collection in Copenhagen.
Comwell Aarhus, Dolce by Wyndham is centrally located in Aarhus, Denmark’s second-largest city, close to the harbour, surrounded by cosy cafes and restaurants. The hotel is currently open and will be re-flagged. It offers 240 rooms, a versatile conference space, a restaurant and a bar. The hotel offers guests wonderful views of Aarhus, and features stylish and urban décor, furnished by the Danish design company HAY.
Peter Schelde, Group CEO of Comwell Hotels, said: “We are delighted to have found in Wyndham Hotels & Resorts a like-minded partner which shares our values and aspiration, and are looking forward to opening our first and largest new built hotel in Copenhagen together. The demand for quality accommodation and conference and meeting space is continuing to grow in Denmark, and working with one of the largest hotel companies in the world will enable us to further cement our position in the market and attract more international guests.”
Dimitris Manikis, President and Managing Director, Wyndham Hotels & Resorts EMEA, added: “With charming architecture and design, an imaginative culinary scene and a welcoming population, it is no surprise that Denmark is increasingly attracting more international visitors. The country has positioned itself as a growing hub for conferences and business events and we are thrilled to enter this attractive market with Comwell Hotels. Their solid expertise in the meetings, incentives, conferencing, exhibitions segment, and reputation for managing hotels to an exceptional standard makes them a strong match for our Dolce by Wyndham brand and a perfect partner to launch the brand in Scandinavia.”
Dolce by Wyndham hotels in Denmark and around the world participate in Wyndham Rewards, Wyndham Hotels & Resorts’ award-winning loyalty programme, offering over 77 million enrolled members the opportunity to redeem points at thousands of hotels, club resorts and vacation rental properties globally.
The collaboration with Wyndham Hotels & Resorts will have no impact on Comwell Hotels’ ownership.
– ENDS –
About Comwell Hotels
Comwell Hotels is a Danish hotel chain established in 1969 and mainly owned by Nic Christiansen Invest. Comwell Hotels has a total of 14 hotels in Denmark, two in Sweden and has a partnership with BC Hospitality Group – with the conference centre Comwell Conference Center Copenhagen, as well as a franchise agreement with Wyndham Hotels & Resorts. Comwell Hotels has 1,000 permanent employees and in 2018 had a turnover of DKK 890.9 million. In Denmark, Comwell Hotels is renowned for their extensive work within sustainability, and have been awarded the Organic Cuisine Label in bronze in all their Danish hotels, which was rewarded with the Organic Prize of the Year in 2017, and in 2019 with Denmark’s most sustainable hotel chain in Denmark. Comwell introduced the meeting concept in Denmark in 1969, then called Scanticon, and in 1992 Comwell opened its first spa hotel in Denmark. Find out more about Comwell on www.comwell.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 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 by Wyndham®, Ramada Encore®, TRYP by Wyndham, Hawthorn Suites®, Trademark Collection®, Wyndham® and more. 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 programme 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
Inspirational environments foster big ideas. That’s the philosophy behind Dolce Hotels and Resorts by Wyndham®. A curated collection of unique destinations, Dolce redefines modern meetings using creative spaces, state-of-the-art technology, nourishing food and beverage programmes 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. Follow @dolcehotels on Facebook, Instagram and Twitter.
This press release contains “forward-looking statements” within the meaning of U.S. federal securities laws, including the expected addition of hotels within Denmark and similar statements concerning possible future results or performance. You are cautioned not to place undue reliance on these forward-looking statements, which are not guarantees of future results or performance, speak only as of the date of this press release and are subject to numerous risks and uncertainties, including the risks described in Wyndham Hotels’ most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission, any of which could cause actual results or performance to be materially different from the future results or performance expressed or implied by such forward-looking statements. Except as required by law, Wyndham Hotels undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise.
Wyndham Hotels & Resorts capitalises on rapidly growing
mid-market hospitality segment in the region
A rendering of the Ramada by Wyndham Gandhidham Shinay Click to Download
NEW DELHI, 7 August 2019 – Ramada® by Wyndham – one of the most recognised hotel brands in the world with around 870 hotels in over 60 countries – continues to grow its footprint in India with the recent addition of four openings so far this year and plans to open three additional hotels by 2020 in key destinations such as Thiruvananthapuram and Aligarh.
Ramada by Wyndham is part of Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,200 hotels and 20 brands in more than 80 countries. This expansion is part of the Company’s comprehensive plan to bolster its footprint in the wider Indian sub-continent, including India, Sri Lanka, Bangladesh, Pakistan, and Nepal. Wyndham Hotels & Resorts’ portfolio in region currently includes 46 hotels and more than 4,100 rooms with plans to add 40 hotels and more than 5,000 rooms by 2025, reinforcing its presence in the region’s rapidly growing mid-market hospitality segment. In addition to Ramada by Wyndham, the anticipated openings in the wider region will further expand the Ramada Encore, Howard Johnson and Days Hotels by Wyndham portfolio, whilst also introducing the Wyndham Grand and Wyndham Garden brands.
Panos Loupasis, Vice President of Development, Middle East, Eurasia & Africa, Wyndham Hotels & Resorts, said: “The travel industry is gaining terrific momentum In India, with huge potential for the hospitality sector, particularly in the mid-market segment, and we are delighted to have such a strong representation in this exciting market. Our latest openings and development plans further cement our commitment to India and the wider region and perfectly support our mission to make hotel travel possible for all.”
Recent openings in India include:
Ramada by Wyndham Kapurthala: Located on the Jalandhar – Kapurthala highway near Pushpa Gujral Science City, the hotel is the first Ramada by Wyndham hotel in Kapurthala. This 69-key, amenity-rich hotel features comfortable guest rooms, a pool, health club, and expansive event space along with a restaurant, bar, and lounge. The hotel opened in March 2019.
Ramada by Wyndham Bengaluru Yelahanka: The first Ramada by Wyndham hotel in Bengaluru, this 80-room hotel opened in May 2019. It is spread across five acres of landscaped gardens and offers multiple conference and leisure facilities, including a pool, spa and a fitness centre.
Ramada by Wyndham Jaipur Jaisinghpura: Located away from the hustle and bustle of the city and a short drive from the Amber Fort & Palace, City Palace, Hawa Mahal, and Jantar Mantar, this 97-room contemporary hotel is the third Wyndham Hotels & Resorts property in Jaipur. Opened in June 2019, the hotel offers substantial meeting facilities, a gym, outdoor swimming pool and two restaurants.
Ramada Plaza Lucknow Hotel & Convention Centre: this new-construction upscale hotel is part of a dual development with the existing Ramada by Wyndham Lucknow and features 207 rooms. It also has an executive lounge and convention centre featuring large meeting and events facilities with outdoor lawns, three on-site cafes and restaurants, a retail shop,
and even an art gallery. The hotel has easy access to Lucknow’s International Airport and Kanpur City.
Some of the anticipated openings in India by 2020 include:
Ramada by Wyndham Gandhidham Shinay: Situated in Gandhidham, the economic capital of the Kutch Region of Gujarat in West India, this new-construction hotel will feature 60 contemporary guest rooms, large meeting and banqueting facilities with lawns for outdoor events, on-site cafes and restaurants, a spa, fitness centre and an outdoor pool – as well as easy access to Kandla and Mundra ports. The hotel is expected to open in early 2020.
Ramada by Wyndham Aligarh GT Road: Located in an important business centre of Uttar Pradesh in Central India, this 60-room new-construction hotel will offer well-appointed guest rooms, multiple meetings and events spaces, and a range of leisure facilities. The hotel will offer direct access to GT Road, connecting Aligarh with Delhi, and is expected to open in early 2020.
Ramada by Wyndham Thiruvananthapuram: Situated in the capital city of the Southern Indian state of Kerala, the hotel is expected to open in early 2020, and will offer 108 well-appointed rooms, meeting and events facilities, three restaurants, a retail outlet, gym and a rooftop swimming pool. The hotel is a short drive from Trivandrum International Airport and the railway station, as well as main local attractions.
Wyndham Hotels & Resorts’ properties around the world participate in Wyndham Rewards®, the Company’s award-winning loyalty programme, giving more than 77 million members globally a generous points-earning and redemption structure.
About Ramada by Wyndham
With approximately 870 hotels in more than 60 countries, global travelers are bound to find Ramada by Wyndham, one of the world’s most recognised hotel brands, wherever their travels take them. Guests choose Ramada to not only sample the world around them but for the brand’s passionate team members and full-service hospitality as well as functional meeting space, comfortable guest rooms, free Wi-Fi, and casual dining options. For more information visit www.ramada.com. Like and follow Ramada on Instagram, Facebook and Twitter.
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 by Wyndham®, Ramada Encore®, TRYP by Wyndham, Hawthorn Suites®, Trademark Collection®, Wyndham® and more. 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 programme 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
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.
