21 August, 2024
Wyndham Rewards Ranked Best Hotel Loyalty Program by Readers of USA Today
19 August, 2024
Wyndham opens first Trademark Collection hotel in South Korea
La Vie D’or Hotel and Resort debut expands Wyndham’s market presence across South Korea to over 30 hotels
“Hotel owners in Asia Pacific continue to see the benefits of the Wyndham Advantage—global brand exposure, innovative technology, a growing loyalty base and more. Introducing Trademark to South Korea helps independent owners maximize their opportunity in the market, while delivering the incredibly unique experiences each Trademark hotel offers guests exploring the country.”-Joon Aun OOI, President, Asia Pacific, Wyndham Hotels & Resorts
A Tranquil Escape Within a Bustling Business Hub
12 July, 2024
First ECHO Suites Extended Stay by Wyndham opens in South Carolina
An Efficient Build for Today’s Everyday Traveler
Continued Investment in Extended-Stay Hotels
14 April, 2024
Get the Viva Vibe thanks to Wyndham's Viva Resorts
28 July, 2023
Wyndham Hotels & Resorts publishes its results for the three months ended June 30, 2023.
Wyndham Hotels & Resorts has announced results for the three months ended June 30, 2023. Highlights include:
- Global RevPAR grew 7% compared to second quarter 2022 in constant currency.
- System-wide rooms grew 4% year-over-year.
- Development pipeline grew 1% sequentially and 10% year-over-year.
- Signings of 24,000 rooms grew 6% year-over-year and 7% compared to 2019.
- Awarded 60 new construction projects for ECHO Suites Extended Stay by Wyndham in July, including its first hotels in Canada, bringing the total number of contracts to 265.
- Returned $139 million to shareholders through $109 million of share repurchases and a quarterly cash dividend of $0.35 per share.
- Successfully completed the refinancing of its Term Loan B Facility, extending maturity from 2025 to 2030.
“During the second quarter, we celebrated the tremendous progress we’ve made in our five-year journey as a new public company with another quarter of solid results including global RevPAR growth of 7%, net room growth of 4% and the 12th consecutive quarter of sequential growth in our development pipeline, which has never been stronger,” said Geoff Ballotti, president and chief executive officer. “International travel demand continues to accelerate, our U.S. economy brands continue to outperform the industry and our nation’s infrastructure bill spend is expected to represent a meaningful tailwind for our franchisees in the months and years ahead. We remain very confident in our ability to deliver outstanding value for our franchisees and shareholders, as does our Board of Directors who today approved a $400 million increase in our share repurchase authorization, reflecting their confidence in the ongoing strength of our business and our strong free cash flow.”
Second Quarter Financial Results
The comparability of the Company’s second quarter results is impacted by the sale of its owned hotels and the exit of its select-service management business, both of which occurred in 2022, as well as quarterly timing variances from its marketing funds. The Company’s reported results and comparable-basis results (adjusted to neutralize these impacts) are presented below to enhance transparency and provide a better understanding of the results of the Company’s ongoing operations:
- Fee-related and other revenues was $358 million compared to $354 million in second quarter 2022, which included $12 million from the Company’s select-service management business and owned hotels. On a comparable basis, fee-related and other revenues increased 5% year-over-year primarily reflecting higher royalties and franchise fees resulting from global RevPAR and system growth.
- The Company generated net income of $70 million, or $0.82 per diluted share, compared to $92 million, or $1.00 per diluted share, in second quarter 2022. The decline in net income was expected and reflective of the marketing fund variability, higher interest expense and transaction-related costs primarily related to the Company’s refinancing of its Term Loan B Facility. On a comparable basis, adjusted diluted earnings per share grew 10% reflecting 8% growth in comparable basis adjusted EBITDA and a lower share count due to share repurchase activity.
- Adjusted EBITDA was $158 million compared to $175 million in second quarter 2022. On a comparable basis, adjusted EBITDA increased 8% year-over-year primarily reflecting higher fee-related and other revenues.
- During second quarter 2023, the Company’s marketing fund expenses exceeded revenues by $15 million; while in second quarter 2022, the Company’s marketing fund revenues exceeded expenses by $12 million, resulting in $27 million of marketing fund variability.
25 October, 2022
Dream Job Alert: Ramada by Wyndham seeks Chief Eats Officer
Known for its diverse portfolio of award-winning hotels in more than 63 countries around the globe, Ramada helps travellers sample the world. The appointed “CEO” will be tasked with uncovering the culture and cuisine throughout five different continents and creatively showcase their findings on the brand’s social media and marketing channels. In exchange, the selected candidate will receive $10,000 and a $150 daily travel stipend to help them make the most of their globetrotting adventure. The “CEO Comp Package” also includes paid accommodations and air travel, an upgrade to Wyndham Rewards Diamond membership and bucket-list travel experiences.
“Food is the key that opens the door to new cultures, which is what Ramada by Wyndham is all about, inspiring travelers while connecting them to new global experiences,” said Stephanie Kendrick, brand leader and VP of Operations, Ramada by Wyndham. “Our lucky CEO will have the chance to fully immerse themselves in the best Ramada and its many destinations have to offer, all while bringing along a global audience to share in every moment of their life-enriching adventure.”
About the Role:
The Chief Eats Officer’s responsibilities include travelling the world for up to three weeks and documenting a curated list of must-eats on social media. The CEO’s creative content and experiences will be featured on Ramada’s brand website and social media channels to help inspire other travellers to sample the world with Ramada.
Responsibilities:
09 November, 2021
Wyndham Hotels & Resorts Announces Five New Microtel Inn & Suites By Wyndham Hotels In Oregon
Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries – announced today an agreement with developer Matt Braun of Braun Hospitality, LLC for five new Microtel Inn & Suites by Wyndham hotels in Oregon. These hotels join the approximately 300 Microtel hotels across the United States, and over 80 Microtel properties in the company’s U.S. pipeline.
The agreement provides for new Microtel Inn & Suites by Wyndham properties in the exciting Oregon growth markets of Florence, Ashland, Salem, Bend and Hood River. Braun Hospitality, the hotels’ ownership, will provide the development oversight and expertise for the planning, design, entitlement, and construction management of the five new properties.
Microtel Inn & Suites by Wyndham Ashland
- Will offer 86 rooms in a popular four-season recreational and arts-centric destination nestled at the base of the Siskiyou and Cascade mountain ranges. Home to the Oregon Shakespeare Festival, Ashland is a cultural hotspot with award-winning galleries, theatres, and restaurants.
Microtel Inn & Suites by Wyndham Florence
- Located near Oregon’s coastal playground of miles of beaches and rolling sand dunes and just one hour west of Eugene-Springfield, Microtel Inn & Suites by Wyndham Florence will feature 81 rooms in this go-to getaway destination for rest, relaxation, and recreation.
Microtel Inn & Suites by Wyndham Salem
- Set in Oregon’s capital city, Microtel Inn & Suites by Wyndham Salem will feature 74 rooms in this city known for its vibrant downtown, museums, and historic sites, surrounded by green pastures and scenic vistas.
Microtel Inn & Suites by Wyndham Hood River
- Microtel Inn & Suites by Wyndham Hood River will provide the perfect location for outdoor adventure enthusiasts. Guests of the 86-room hotel can enjoy nearby hiking, mountain biking, skiing, windsurfing, kite boarding and rafting, as well as an eclectic mix of downtown restaurants, bakeries, breweries, wineries, shops, and galleries.
Microtel Inn & Suites Bend
- With both outdoor pursuits and pristine beauty, Bend, Ore. offers everything from award-winning restaurants to alpine sports and ancient lava tubes. Microtel Inn & Suites Bend will feature 86 rooms conveniently located for travellers visiting the city’s art galleries, the High Desert Museum, or trekking the legendary Bend Ale Trail, the largest beer trail in the west.
29 October, 2021
Viva Wyndham Announces Reopening of Viva Wyndham Azteca After Millions Spent on Renovations
15 August, 2021
Wyndham Championship Returns to Sedgefield
06 June, 2021
Wyndham Hotels & Resorts Debuts 21st Brand, Registry Collection Hotels, with Grand Residences Riviera Cancun
29 May, 2021
Wyndham Launches Days Inn by Wyndham Brand in Turkey
05 April, 2021
Wyndham Hotels & Resorts continues growth across Europe, Middle East, Eurasia and Africa
06 March, 2021
Wyndham Hotels & Resorts Celebrates First Groundbreaking of its New La Quinta and Hawthorn Suites Dual-Brand Hotel Concept; 36 Properties in Development Pipeline
15 January, 2021
Wyndham Hotels & Resorts Enters Nepal with New Hotel in Central Kathmandu
Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across 90 countries, continues to expand its global footprint with its entry into Nepal via the newly opened 90-room Ramada® Encore by Wyndham Kathmandu-Thamel.
07 January, 2021
Wyndham destinations acquires Travel + Leisure brand for $100 million....
Wyndham Destinations has confirmed today that it has acquired the Travel + Leisure brand from the Meredith Corporation for $100 million.
23 October, 2020
Wyndham Hotels and Resorts honours military members with special savings
Wyndham Hotels & Resorts, the world’s largest hotel franchising company with over 9,000 hotels across approximately 90 countries, is once again saying thank you to those who serve, offering special savings on upcoming stays and matching Wyndham Rewards® point donations to its preferred military non-profit partners.
13 October, 2020
USA Today Readers Name Wyndham Rewards Best Hotel Loyalty Program for a Third Consecutive Year
USA Today Readers Name Wyndham Rewards Best Hotel Loyalty Program for a Third Consecutive Year
01 October, 2020
Iconic Viva Wyndham Dominicus Beach Reopens With Newly Renovated Rooms, Amenities, Safety Protocols
Viva Wyndham Resorts has announced the reopening of the all-inclusive, family-friendly Dominicus Beach property in La Romana, Dominican Republic. In addition to implementing new health and safety protocols, the property now boasts a complete transformation - newly renovated guest rooms, lobby and nature-inspired areas, swimming pools, restaurants and bars - after temporarily closing due to the pandemic.
22 September, 2020
Wyndham Hotels & Resorts Named One of the Best Places to Work in New Jersey
Wyndham Hotels & Resorts has been named among the Best Places to Work in New Jersey by NJBIZ Magazine, marking the first time the Parsippany-based global hotel company has been recognized by the ranking. The annual list recognizes the top places of employment in New Jersey that benefit the state’s economy, its workforce and its businesses.