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November 22 2024 / 02:05 PM
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Wyndham Hotels & Resorts
World's largest hotel franchisor marks five years as a publicly traded, pure-play hotel company; strengthens its position as a select-service leader and champion of the everyday traveler

Wyndham Hotels & Resorts, the world's largest hotel franchising company with approximately 9,100 hotels spanning more than 95 countries, celebrates five years as a publicly traded, pure-play hotel company. Grounded in its mission of making hotel travel possible for all with a strong owner-first approach to franchising, the anniversary marks a major milestone for the Company as it strengthens its position as a select service leader and champion of the everyday traveler.

 

Making Hotel Travel Possible for All

Since going public in 2018, Wyndham has been laser-focused on strengthening and expanding its select service portfolio (economy and midscale), creating new travel experiences and opportunities for owners and guests alike. Today, with 24 brands spanning every chain scale, the Company offers a hotel for every owner and guest.

In the last five years, the Company has:

  • Grown its midscale and above portfolio by 63% globally while expanding La Quinta by Wyndham, the largest acquisition in the Company's history, into three new continents and four new countries (China, New Zealand, Turkey and the United Arab Emirates)
  • Launched new brands in new segments—ECHO Suites Extended Stay by Wyndham (extended-stay), Wyndham Alltra (all-inclusive) and Registry Collection Hotels (luxury)
  • Expanded its global pipeline by over 50% to 226,000 rooms—80% of which is now new construction—while increasing its U.S. pipeline nearly 60% and its direct franchising pipeline in China by nearly 70%
  • Simplified its business to nearly 100% franchised, selling the Company's two owned hotels while substantially exiting the U.S. hotel management business
  • Bolstered its presence in Europe with the acquisition of the Vienna House® brand from Berlin-based HR Group, a longstanding Wyndham franchisee, adding over 40 new hotels and more than 6,400 rooms
  • Generated over $1.4 billion of free cash flow and returned $1.5 billion to shareholders, or nearly 25% of its beginning market cap, including the repurchase of 16% of its outstanding common shares.

 

An Owner-First Approach to Franchising

When owners succeed, Wyndham succeeds. It's why the Company looks at every major decision first through the lens of its franchisees. The approach has helped make Wyndham one of the industry's most admired, most known and most trusted franchisors.

In the last five years, the Company has:

  • Improved contribution to account for over 75% of all U.S. bookings, while nearly doubling the size of Wyndham Rewards to more than 100 million enrolled members. Nearly half of all U.S. check-ins are from program members who, on average, stay nearly twice as long and spend nearly twice as much
  • Invested over $275 million, providing franchisees with best-in-class technology from industry-leaders like Sabre and Oracle (next-gen property management systems), IdeaS (next-gen revenue management system), Salesforce (sales and service platform) and Amperity (customer data platform), among others
  • Rolled out an award-winning mobile app—now the Company's fastest growing booking channel—with booking features tailored to road trippers like Lightning BookSM and Road Trip Planner, mobile check-in and checkout (first at scale in the economy segment), and in-stay features like digital room keys. Wyndham was also the first to make mobile tipping available to franchisees at scale
  • Received more than 100 awards and accolades for Wyndham Rewards, which for the past five years, has been named by readers of USA TODAY the number one hotel rewards program.
  • Increased its franchisee retention rate from 92% to over 95%, making it among the highest in the economy and midscale segments.

 

Building a Global Community

Since its inception, Wyndham has focused on fostering a more diverse global community while living its core values of Integrity, Accountability, Inclusivity, Caring and Fun. Today, the Company is not only one of the world's leading franchisors, but one of the world's most respected employers.

In the last five years, the Company has:

  • Received dozens of awards celebrating and recognizing its commitment to ethics, sustainability, diversity, equity and inclusion. Top awards include: one of Newsweek's Most Loved Workplaces, one of Ethisphere's World's Most Ethical Companies and one of Diversity Inc's Top 50 Companies for Diversity
  • Invested in team member work-life balance with regular team member appreciation days, annual philanthropic-focused WISH days, as well as hybrid and flexible work arrangements. The approach has helped the Company to attract and retain top-tier talent while strengthening its position in the industry
  • Launched the first-of-its-kind Women Own the Room program, quickly followed by BOLD by Wyndham, helping advance hotel ownership among women and Black entrepreneurs. To-date, the award-winning programs have led to more than 50 combined signings and over a dozen openings
  • Prioritized greater industry diversity through DEI training related to antiracism, unconscious bias and allyship, while advancing gender equity. The Company is on track to meet its 2025 goals of 100% gender pay equity globally along with 100% of hotel team members receiving unconscious bias training
  • Expanded its Affinity Business Groups for team members, which include eight fully inclusive networks led by Executive sponsors developed to foster innovation, drive growth and enhance DEI globally
  • Reinforced its commitment to helping protect human rights by supporting humanitarian causes and combatting human trafficking. A proud and long-time partner of organizations like Polaris, BEST and ECPAT-USA, the Company requires training for all hotels globally and, earlier this year, donated $500,000 to AHLA Foundation's Survivor Fund
  • Committed to a more sustainable future with Wyndham Green, a program designed to help franchisees reduce their environmental footprints and operate more efficiently through eco-friendly initiatives. All hotels globally are required to attain a minimum of Level 1 Core Wyndham Green Certification

 

For more information about Wyndham Hotels & Resorts, including details on franchising opportunities, visit wyndhamdevelopment.com.   

Jun 05, 2023

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