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.
London, UK, May 28, 2019 – Dolce Hotels and Resorts by Wyndham – an upper-upscale hotel brand redefining modern meetings and events, and part of the Wyndham Hotels & Resorts portfolio – today announced the launch of Due by Dolce, a signature biscotti hand-crafted by Dolce’s expert chefs from a recipe chosen following a star-studded global bake-off competition.
Due by Dolce brings the brand’s artistic and culinary essence to life through creativity and craftsmanship. Aptly named as a nod to both the confection’s Italian roots (“dolce” means “sweet” in Italian) and the twice-baked process (“due” is the word for “two” in Italian), the biscotti will always be served as a pair, because just one of the delicious confections is never enough. Guests can enjoy them at Dolce locations around the world – including in such awe-inspiring destinations as the Greek seaside, the mountains of Colorado, or the hills of Provence – as they savor the little moments on their trip, from the minute they check-in, to their afternoon espresso or evening glass of Vin Santo.
The winning recipe was selected following a brand-wide culinary competition which culminated in a final bake-off on May 23rd at the Waitrose Cookery School in historic King’s Cross, London. Former contestants of The Great British Bake Off, Benjamina Ebuehi and Selasi Gbormittah, were on hand to coach, mentor and support two teams throughout the baking process as two finalist chefs, Chef Aleece Alexander of Dolce Aspen Meadows Resort and Chef Adrien Clauwaert of Dolce by Wyndham La Hulpe Brussels, went head-to-head to determine the ultimate winning recipe.
Chef Aleece Alexander of Dolce Aspen Meadows Resort was selected as the winner, for her innovative recipe of pistachio, apricot and cranberry biscotti.
The bake-off was judged by a panel of industry experts who evaluated taste, texture, presentation and creativity to crown the winning recipe. The judging panel included: Jessica Gunn, editor of Waitrose Magazine; Meike Back, Cookery Director of Good Housekeeping; and Giovanni Belli, President of Assocantuccini, the Association of Producers of Cantuccini Toscani (the traditional Italian biscuit which has become internationally known as biscotti) from Italy.
The winning chef, Chef Alexander of Dolce Aspen Meadows Resort, commented, “I am immensely proud and excited by this fantastic achievement. Just like Dolce by Wyndham’s culinary identity, biscotti are products of excellence and craftsmanship and we created a recipe with passion and dedication to ensure it would really give a taste of the artistry, craft and inspiration that you experience at our hotels. We are thrilled our recipe was crowned as the winner of this exhilarating bake-off and we are looking forward to bringing our signature biscotti to our guests all around the world.”
Mark Kukulski, President, Wyndham Hotel Management said: “Dolce Hotels and Resorts by Wyndham is designed to inspire creativity, and what better to inspire our guests around the globe than a tasty treat such as biscotti? This bake-off truly showcased the talent and artistry across our Dolce by Wyndham culinary teams. We are thrilled to introduce Chef Alexander’s recipe to our guests around the world as a signature amenity they can only find at Dolce hotels, reminding them that wherever their destination, they should stop and savour every moment.”
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.
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 both 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 programme offers more than 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.
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.
London, 8th May 2019 – Short European breaks are the perfect opportunity to leave the stress of daily life behind and reconnect in an inspiring destination. With five hotels ideally located in romantic destinations and breath-taking surroundings across Europe, Dolce by Wyndham – a hotel brand that inspires and delights guests by turning experiences into extraordinary moments – makes the perfect base to spend time with a loved one. Whether it’s chilling on the beach or exploring the history of Athens, couples looking for a weekend escape or a picture perfect wedding can trust Dolce by Wyndham to provide the ideal base for a memorable stay.
Dolce by Wyndham Frégate Provence, France
With a spectacular location minutes from the French towns of Bandol and Cassis, and Provence’s most iconic lavender fields and nestled amongst charming vineyards, Dolce by Wyndham Frégate Provence offers the ideal locations for couples looking to enjoy a leisurely romantic break. With 163 rooms, suites and apartments, many with stunning sea views, Dolce by Wyndham Frégate Provence makes a spectacular venue for weddings including ceremonies overlooking the Bay of Bandol.
Couples can enjoy a refreshing dip in the tiered outdoor pools before a romantic candle-lit meal feasting on fresh, seasonal ingredients sourced from local purveyors. With iconic landscapes, fiery sunsets and delectable food, it’s easy to see why the charming, sun drenched South of France is widely thought of as one of the most romantic destinations.
Room rates during May 2019 start from approximately £200 per room per night based on two people sharing. Breakfast included and subject to availability*
Dolce by Wyndham CampoReal Lisboa, Portugal
Nestled among the verdant rolling hills of western Portugal, located just 30 minutes from Lisbon’s airport and city centre, Dolce by Wyndham CampoReal Lisboa is a haven for couples looking to plan a picture-perfect wedding or enjoy their honeymoon, or simply escape the stress of modern life and enjoy the best of both the city and the countryside. The hotel partners with the most luxurious wedding venues of the region to provide specialised services to brides and grooms who choose stunning Portugal as their wedding destination.
The hotel’s elegant accommodations are appointed with five-star amenities including balconies for savouring the stunning views. Lovers can lounge on the Mediterranean-style terrace with a bespoke cocktail in hand whilst enjoying a therapeutic soak in the hotel’s jacuzzi. The vibrant Portuguese countryside – dotted with scenic vineyards – provides the ideal backdrop for the hotel’s serene oasis spa. Couples can de-stress in the tranquil relaxation area before unwinding with a luxurious massage, revitalising the body, mind and spirit. The winding streets of Lisbon also make the ideal backdrop for couples looking to enjoy the city and re-connect over a pastel da nata.
Room rates during May 2019, start from approximately £75 per room per night based on two people sharing. Breakfast included and subject to availability*
Dolce by Wyndham Attica Riviera, Greece
This breath-taking oceanfront retreat is located in the picturesque town of Brauron on the eastern shoreline of Athens, just 20 minutes from Athens International Airport. The modern rooms, suites and bungalows at the Dolce by Wyndham Attica Riviera provide gorgeous beach and mountain views. Couples can delight in exquisite Mediterranean cuisine and classic cocktails from the on-site restaurant and bar, admire stunning scenery from the seasonal outdoor pool and spend the day relaxing at the spa, which features thalassotherapy seawater treatments.
The stunning ballroom and poolside setup both act as perfect destinations to say “I do” in a spectacular oceanfront setting overlooking the Mediterranean Sea. With no shortage of beauty and history to discover in Athens, the hotel is a perfect break for a romantic gateway. Take in the magnificent views of blue waters and sailing ships at Rafina Port or connect with the country’s history by exploring the ancient ruins – this is a fantastic destination for couples of all ages.
Room rates during May 2019 start from approximately £163 per room per night based on two people sharing. Breakfast included and subject to availability*
Dolce by Wyndham Sitges, Spain
On the shores of the sparkling Mediterranean Sea, just 25 minutes from Barcelona Airport, Dolce by Wyndham Sitges is an awe-inspiring destination. With 263 beautifully designed guest rooms and suites, this magnificent Spanish getaway rewards all the senses. Partners looking to sample traditional Spanish cuisine can delight in sumptuous local specialties at any of the hotel’s three on-site restaurants. Located minutes from stunning beaches, guests can arrange winery visits, sailing trips and golf excursions through the hotel. For couples looking to tie the knot in stunning style, the hotel is the ideal destination for a Mediterranean wedding with an experienced team on hand to arrange spa treatments and delicious banquets. Plus, each couple is invited back to the hotel for a complimentary dinner to celebrate their first wedding anniversary.
Room rates during May 2019 start from approximately £125 per room per night based on two people sharing. Breakfast included and subject to availability*
Dolce by Wyndham Bad Nauheim, Germany
Tucked into the foothills of the Taunus Mountains in scenic Wetterau, Dolce by Wyndham Bad Nauheim is situated just 35 minutes from Frankfurt International Airport. This elegant art nouveau hotel offers a 1,000 m² spa with indoor pool, two restaurants, and a historic 730-seat theatre. Whether planning a casual al-fresco wedding in the hotel’s gardens or an elegant black-tie affair, the dedicated event and catering team are on hand to support the wedding planning process. The bride and groom-to-be can stay calm and collected before the big day with the hotel’s private spa and fitness centre, which includes a Finnish sauna and steam room.
Room rates during May, from 1st May 2019 start from approximately £107 per room per night based on two people sharing. Breakfast included and subject to availability*
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.
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 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 programme 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.
Summer’s hottest gig returns with aspirations abroad, offers $10,000 payday plus travel
PARSIPPANY, N.J., May 6, 2019 ‒ It’s sun’s out, shades on and passport-in-hand for one thrill-seeker ready to seize the days with iconic hotel brand Days Inn® by Wyndham. Back by popular demand, the economy hospitality leader is once again offering the hottest gig of the summer but this time with a global flair: the Days Inn “Sunternship” program.
Now through May 24, 2019 at DaysInn.com/Suntern, Days Inn welcomes applicants 21 years and older with a passion for international travel, an eye for photography and a love of written storytelling to jet set overseas this summer as the brand’s “Suntern,” chronicling sunlit experiences in an official travel guide to be featured on the hotel’s website and social channels.
For many Americans, bucket-list trips like the Days Inn Sunternship are purely aspirational, especially when student loan debt is at an all-time high and can impede travel budgets. According to the U.S. Federal Reserve, there are more than 44 million borrowers who collectively owe $1.5 trillion in student loan debt in the U.S. alone. Days Inn is here to help. In addition to paid hotel and air accommodations, this year’s Suntern will receive a $150 daily travel stipend plus $10,000.
“We’re continually dreaming up ways to brighten guests’ stays at our hotels, fueling their days when they’re with us and their wanderlusts when they leave us,” said Patrick Breen, vice president, Brand Operations, Days Inn by Wyndham. “We believe everyone deserves a cultured, overseas experience – without deferring or prolonging student loans – and this mindset was the very inspiration behind this year’s global Sunternship program.”
While the 2018 Sunternship program focused on travel to some of the sunniest cities in the U.S., this year’s post lets the recipient hand-select their journey under the sun – think London, Rio de Janeiro, Montreal, and beyond – staying at some of Days Inn’s more than 1,700 locations along the way.
About the Role: This customizable, two week-long dream job entails journaling and snapping sunny photos throughout an international jaunt in destinations with Days Inn locations, such as the U.S., Canada, Europe, South America and Asia. What’s more, the selected Suntern will get major street cred. Photos and travel insight captured will be featured on the brand’s website, DaysInn.com, and its social media channels, in the form of a digital travel guide.
Responsibilities:
Travel to an international destination(s) for two weeks this summer.
Document your adventures in a travel journal and share your top things to do and see.
Capture as many sun-inspired photos as your camera roll can hold.
Qualifications:
A bright, creative, aspiring writer and photographer.
At least 21 years old.
S. resident with a valid passport.
Open to new experiences, has a passion for travel and enjoys exploring new cultures.
The ability to travel abroad for two consecutive weeks in August 2019.
The Perks:
$10,000 payday.
Paid hotel and economy air accommodations.
A $150 daily travel stipend, allowing you to explore your sunny destination(s) to the fullest.
Photos and journal excerpts featured on the brand’s website and social media channels.
Wyndham Rewards® Diamond membership.
A glowing recommendation from a Days Inn by Wyndham executive upon successful completion of the Sunternship.
How to Apply:
Visit DaysInn.com/Suntern by May 24, 2019 to submit an original sun-filled photo, as well as a 300-word entry describing your dream destination and why you belong there this summer. We’ll assess applicants’ photography and storytelling skills, and select the brightest person for the job.
For more information, or to see trip highlights and photos taken by last year’s Suntern, visit DaysInn.com/Suntern.
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 center; 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 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 tens of thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
PARSIPPANY, N.J., April 30, 2019 – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended March 31, 2019. Highlights include:
Revenues increased 55% compared with first quarter 2018, to $468 million.
Net income was $21 million for the first quarter; adjusted net income was $51 million.
Diluted earnings per share were $0.22 and adjusted diluted EPS were $0.52.
Adjusted EBITDA increased 21% compared with the prior-year quarter, to $111
Global RevPAR increased 7% year-over-year, and 1% in constant currency and excluding our 2018 acquisitions and
U.S. RevPAR increased 13% year-over-year, and 1% excluding our 2018 acquisitions and divestitures.
System-wide rooms grew 12% year-over-year, and 3% excluding our 2018 acquisitions and divestitures.
Company re-affirms its previous full-year 2019
“Our first quarter results were consistent with our expectations and included double-digit growth in adjusted EBITDA despite our decision to incur a higher proportion of our 2019 marketing expenses in the early part of the year,” said Geoffrey A. Ballotti, chief executive officer. “We remain enthusiastic about our prospects for growth, the synergies we expect from the La Quinta acquisition, and our leading presence in the economy and midscale segments of the lodging industry.”
Revenues were $468 million, compared with $302 million in the first quarter of 2018. Results reflect $169 million of incremental revenues from La Quinta. Excluding the impact from 2018 acquisitions and divestitures, revenues were consistent with last year in constant currency, primarily due to higher license, royalty and other fees, offset by lower cost-reimbursement revenues.
Net income was $21 million, or $0.22 per diluted share, compared to $39 million, or $0.40 per diluted share, in the first quarter of 2018. Prior-year results predate the Company’s spin-off and the acquisition of La Quinta and therefore included substantially lower separation-related, interest and corporate expenses.
Adjusted net income was $51 million, or $0.52 per diluted share, compared with $55 million, or $0.55 per diluted share, in the first quarter of 2018. First quarter earnings comparisons were impacted by the acquisition of La Quinta, higher interest expense, the timing of marketing expenses and the absence of $4 million of net hurricane-related insurance proceeds received during first quarter 2018. The timing-related increase in marketing expenses alone, measured relative to marketing, reservation and loyalty revenues, reduced first quarter 2019 adjusted net income by $12 million or $0.12 per diluted share. Full reconciliations of GAAP results to our non-GAAP adjusted measures for all reported periods appear in the tables to this press release.
First quarter adjusted EBITDA was $111 million, compared with $92 million in the first quarter of 2018. Management estimates that first quarter results reflect approximately $33 million of adjusted EBITDA from La Quinta. Excluding the impact from 2018 acquisitions and divestitures, adjusted EBITDA decreased 13% in constant currency, primarily due to the timing of marketing expenses, which suppressed growth by 16 percentage points, and the absence of the net hurricane-related insurance proceeds received in first quarter 2018, which suppressed growth by 4 percentage points.
Consistent with the Company’s expectations, first quarter adjusted EBITDA represented 18% of the Company’s projected full-year adjusted EBITDA.
As of March 31, 2019, the Company’s hotel system consisted of approximately 9,200 properties and approximately 812,000 rooms, a 12% increase compared with the first quarter of 2018. Room count grew 3% year-over-year, excluding our 2018 acquisitions and divestitures. The Company’s development pipeline consisted of 1,400 hotels and approximately 181,000 rooms, a 23% year-over-year room increase, including over 25,000 La Quinta pipeline rooms and the removal of 2,000 Knights Inn pipeline rooms. The Company also increased its pipeline sequentially by 1% compared to fourth quarter 2018. Approximately 54% of the Company’s development pipeline is international and 73% is new construction.
Business Segment Discussion
The following discussion of first quarter operating results focuses on revenue and adjusted EBITDA for each of our segments.
Hotel Franchising
Revenues increased 33% compared to first quarter 2018, including $61 million of incremental revenues from La Quinta. Excluding the impact from 2018 acquisitions and divestitures, revenues increased 4% in constant currency, due to higher license, royalty and other fees. Adjusted EBITDA grew 31% to $113 million, including an estimate of approximately $26 million of adjusted EBITDA from the acquisition of La Quinta. In constant currency and excluding the impact from 2018 acquisitions and divestitures, adjusted EBITDA grew 4%, reflecting the growth in revenues and lower operating expenses, partially offset by the timing of marketing expenses, which reduced adjusted EBITDA by $13 million.
Hotel Management
Revenues increased $98 million compared to the prior-year period, reflecting $108 million of incremental revenues from La Quinta (including $97 million of cost-reimbursement revenues). Excluding the impact from the acquisition of La Quinta, revenues declined $10 million primarily due to lower cost-reimbursement revenues, which have no impact on adjusted EBITDA. Adjusted EBITDA was unchanged compared to the prior-year quarter, reflecting an estimate of approximately $7 million of adjusted EBITDA from La Quinta and the absence of $4 million of net hurricane-related insurance proceeds received in first quarter 2018.
Other Items
Share Repurchases – The Company repurchased approximately 874,000 shares of its common stock for $44 million in the first quarter.
La Quinta Integration – Earlier this month, the Company completed the last major milestones in its integration of La Quinta, migrating the brand’s more than 900 hotels to Wyndham’s outsourced, cloud-based central reservation and property management systems and adding La Quinta to the Wyndham Rewards loyalty program. The Company now estimates that annual synergies from the La Quinta acquisition will be $64 million to $70 million and that it will reach full run-rate synergies in third quarter 2019.
Outlook
The Company is reaffirming the following outlook for full-year 2019:
Revenues of $2.11 billion to $2.16 billion, an increase of 13% to 16%.
Adjusted net income of $301 million to $313
Adjusted EBITDA of $605 million to $620 million, a year-over-year increase of 19% to 22%.
Rooms growth of 2% to 4%.
Organic RevPAR growth of 1% to 3% in constant
The Company increased its outlook for adjusted diluted EPS by two cents, to $3.07 to $3.19, based on an adjusted share count of 98.2 million, which reflects first quarter share repurchases and excludes future repurchases. The Company is providing an outlook for net income, EBITDA 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 Tuesday, April 30, 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 April 30, 2019. A telephone replay will be available for approximately ten days beginning at noon ET on April 30, 2019 at 800 374-0934.
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 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.
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 our spin-off as a newly independent company, risks related to the acquisition and integration of La Quinta, risks related to our ability to obtain financing and the terms of such financing, and the timing and amount of future share repurchases and dividends, as well as the risks described in Wyndham Hotels’ most recent Annual
Report on Form 10-K filed with the Securities and Exchange Commission and any subsequent reports filed with the Securities and Exchange Commission. Except as required by law, Wyndham Hotels undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise.
Ramada Hotel & Suites by Wyndham Yerevan Marks Wyndham’s Entry into Armenia
The newly opened Ramada Hotel & Suites by Wyndham Yerevan in Armenia’s capital city expands Ramada by Wyndham’s footprint across Europe.Click to Download
With around 870 hotels in over 60 countries, Ramada by Wyndham is one of the most recognised hotel brands in the world. Ramada by Wyndham has a strong presence all across Europe, from the UK, Germany, Portugal, Belgium and Italy, to Greece, Russia, Turkey and many more. The brand’s impressive list of destinations is set to further expand this month, with the opening of Ramada Hotel & Suites by Wyndham Yerevan, in Armenia. Located close to Republic Square, with panoramic views of Mount Ararat and the scenic city centre of Yerevan, the hotel will be the perfect base for travellers ready to explore Armenia’s capital and culture.
Ramada Hotel & Suites by Wyndham Yerevan will boast 202 spacious rooms, four well-equipped and cleverly designed meeting rooms, a fitness centre, sauna and Hammam, as well as two modern restaurants serving a range of local and international delicacies. Situated just 13km from Zvartnots International Airport, the hotel will be set in an ideal location for travellers who want to sample the best that the city has to offer, including the National Gallery, the History Museum and the Opera and Ballet Theatre of Armenia.
Ramada by Wyndham is part of Wyndham Hotels & Resorts, the hospitality powerhouse with 20 brands and approximately 9,200 hotels in over 80 countries. Ramada Hotel & Suites by Wyndham Yerevan will be Wyndham Hotels & Resorts’ first hotel in Armenia.
Edwin Broers, Regional Vice President for Central and Eastern Europe, Wyndham Hotels & Resorts, said: “Our strategy is bold but simple – we want to ensure that wherever in the world travellers visit, that they are able to find our hotel brands nearby. With a thriving cultural scene and a rich history, Yerevan was a natural choice to enter this attractive country and continue to grow in the region.”
The hotel will be managed by hospitality management expert, City Central LLC under a franchised agreement. Chilingaryan Karen, General Director City Central LLC, added: “We are pleased to be partnering with Wyndham Hotels & Resorts to bring an internationally recognised brand like Ramada to the capital of Armenia. Yerevan is increasingly attracting business and leisure travellers to our country, and Ramada Hotel & Suites by Wyndham Yerevan will be the perfect spot to experience the city.”
Ramada by Wyndham hotels around the world participate in Wyndham Rewards®, the company’s award-winning loyalty programme offering more than 70 million enrolled members the opportunity to redeem points at thousands of hotels, club resorts and vacation rental properties globally.
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 810,000 rooms appealing to the everyday traveller, Wyndham commands a leading presence in both 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®, 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 programme offers more than 70 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 or https://whrdevelopmentemea.com/.
488-key Wyndham Acmar Klang to become a major new landmark in the Klang Valley, Malaysia’s main economic and tourism centre
KLANG, MALAYSIA (26 February 2019) – Wyndham Hotels & Resorts, the world’s largest hotel franchisor and a leading provider of hotel management services, has revealed plans to launch its flagship Wyndham brand in Malaysia with the signing of a new landmark hotel in the Royal Town of Klang, just 30 minutes from Kuala Lumpur.
Wyndham Acmar Klang will become the first international upscale hotel in this strategically important city, and is expected to be the leading choice for business travellers, meeting planners and leisure guests upon opening in the third quarter of 2019. Located close to three major national highways, the hotel is just 30 minutes from Kuala Lumpur and 40 minutes from KLIA. The hotel is owned by the Acmar Group of Companies and will be managed by Wyndham Hotels & Resorts.
“As the commercial gateway to Malaysia and a highly connected urban centre, Klang is at the core of Malaysia’s economic success. The entire Klang Valley area is enjoying tremendous growth making this an excellent opportunity to introduce a world-class international upscale hotel to the Royal Town of Klang. Managed by Wyndham, this hotel will become the city’s leading place to stay, dine and host excellent events,” said Joon Aun Ooi, president and managing director, Wyndham Hotels & Resorts, South East Asia and Pacific Rim.
“Wyndham Acmar Klang is a truly impressive property, providing spacious accommodation and every service guests could desire, all supported by Malaysia’s timeless values of hospitality. It will also become a major local focal point for conferences and events, providing companies with the facilities they need to create important events, without having to go to Kuala Lumpur. I look forward to working with Wyndham and creating a new landmark in Klang,” added Dato’ Steven Tee, Group Managing Director, Acmar Group of Companies.
Wyndham Acmar Klang will offer guests a wealth of international amenities in addition to its hallmark welcoming hospitality. The upscale hotel will offer 488 guestrooms across two wings – from Deluxe Rooms with plush furnishings and working areas to 188 stylish suites offering added space for guests to unwind in luxury. Guests staying in the suites can also make use of the Executive Lounge which provides an array of exclusive amenities including private check-in, daily breakfast and all-day drinks and snacks.
This new-build hotel will become a major hub for meetings and events, with a luxurious Grand Ballroom capable of hosting the most impressive occasions including corporate conferences, award ceremonies and lavish weddings seating up to 2,200 guests. A selection of 11 other flexible spaces provides options for every type of event, including business meetings, exhibitions and product launches. The onsite business centre also offers extensive professional support.
When they are not working, guests can plunge into the designer outdoor pool, soothe their senses in the spa, work out in the fitness centre, shop in a choice of retail outlets or enjoy world-class cuisine in a selection of dining venues. These include specialty Japanese and Chinese restaurants; an all-day dining outlet serving authentic Malaysian favourites and Western cuisine; a sophisticated lobby lounge; relaxing pool bar; and a dramatic top-floor sky lounge, perched on the 23rd floor and offers 360-degree views as far as Kuala Lumpur.
The Klang Valley, which includes Kuala Lumpur, is home to approximately eight million people – about a quarter of Malaysia’s entire population. Housing KLIA, Malaysia’s main international air gateway, and Port Klang, one of the world’s busiest container ports and Kuala Lumpur’s main cruise hub, this dynamic region is at the very heart of Malaysia’s national economy.
At present, Wyndham Hotels & Resorts has a portfolio of four hotels and resorts across Malaysia, including a Days Hotel & Suites property in Kuala Lumpur and Ramada-branded hotels in Kuala Lumpur, Melaka and Johor Bahru.
All of Wyndham’s hotels and resorts in Malaysia 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.
Count on Wyndham® to give travelers what they really need out of a hotel stay: a good night’s sleep. The namesake of the world’s largest hotel company, Wyndham hotels across five continents in urban and vacation destinations help travelers discover comfort wherever they are. Hotels are simply comfortable, balancing a gentle harmony of calming elements and chic innovation throughout its smartly detailed guest rooms, distinct dining options and flexible meeting and event spaces.
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 810,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in both 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 approximately 61 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.
Global hospitality leader’s culture of integrity and ethical business practices are the foundation of its commanding presence in the lodging industry
PARSIPPANY, N.J. (February 26, 2019) – With a commitment to acting with integrity and a dedication to making hotel travel possible for all, Wyndham Hotels & Resorts (NYSE: WH) has been recognized as one of the 2019 World’s Most Ethical Companies by the Ethisphere Institute. This distinction marks the first global accolade for the Company and builds upon a strong Wyndham history of recognition by Ethisphere, a leader in defining and advancing the standards of ethical business practices.
“In our first year as a new public company, today’s recognition as one of the World’s Most Ethical Companies is continued reaffirmation of the inclusive, values-driven culture instilled in our team members by our former parent, Wyndham Worldwide,” said Geoff Ballotti, president and chief executive officer, Wyndham Hotels & Resorts. “Strong ethics are the foundation of our corporate culture, with integrity being one of our Company’s core values.”
The World’s Most Ethical Companies designation recognizes those companies which align principle with action, work tirelessly to make trust part of their corporate DNA, and in doing so, shape future industry standards by introducing tomorrow’s best practices today.
“Companies with effective compliance programs not only make good ethical decisions, but Ethisphere’s research demonstrates that they also outperform their peers,” said Paul Cash, general counsel and chief compliance officer, Wyndham Hotels & Resorts.
“Our ethical business practices foster great experiences and brand loyalty for our guests and for Wyndham Rewards members, as well as our Wyndham Hotels & Resorts team members,” added Samantha Vaughan, group vice president, corporate compliance and chief privacy officer.
Maintaining a strong focus on ethical practices is part of Wyndham Hotels & Resorts’ robust social responsibility commitment. Some of the Company’s activities and accomplishments include:
Creating a diverse and inclusive place to work and do business through its values-driven culture of ethics and integrity;
Developing new training programs and awareness initiatives to provide tailored guidance for corporate and hotel property-based team members on acceptable business conduct standards and how to weave compliant and ethical decision making into everyday business;
Working to protect human rights by providing hotel owners and franchisees training and awareness tools to identify human trafficking in partnership with the Polaris Project and ECPAT-USA.
The World’s Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient® (EQ) framework which offers a quantitative way to assess a company’s performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics. Scores are generated in five key categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership and reputation (10%).
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.com.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 810,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in both 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 approximately 61 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.
