'Last year was an incredible year for the travel industry and for Wyndham,' said
In its latest forecast,
New Brands, New Markets,
Known for its diverse 24-brand portfolio spanning every segment of the industry, Wyndham saw continued expansion of its global footprint in 2022, adding new brands, entering new markets and attracting new, diverse hotel owners. Among the highlights, the Company:
Tapped into the white-hot extended stay market in the
Significantly grew its presence in the all-inclusive space, adding 14 new resorts to its luxury Registry Collection Hotels brand. Wyndham now has nearly 30 all-inclusive resorts across
Nearly doubled the size of its upscale footprint in
Expanded 13 brands into a combined 22 new markets, opening, among others, the first Dolce by Wyndham in
Bolstered its commitment to diverse hotel ownership, becoming the first major hotel company to launch a program focused on the advancement of women hotel owners (Women Own the Room) and introduce a program for Black entrepreneurs (BOLD by Wyndham).
'Developers choose Wyndham for the power of our brands and because they know we're going to be collaborative partners at every step of the journey. That starts with our team taking the time to understand their unique needs and then working with them to help ensure they're putting the right brand in the right market at the right time,' said
Elevating the Guest Experience
Further advancing its mission of making hotel travel possible for all, Wyndham continued to champion the everyday traveler in 2022, launching an array of new initiatives designed to elevate the guest experience. Among the highlights, the Company:
Introduced Road Trip Planner (RTP), an innovative new tool allowing travelers to seamlessly plot, plan and directly book their ideal road trip via Wyndham's award-winning, mobile app. The Wyndham mobile app currently has over 5.5 million downloads.
Expanded Wyndham Rewards with new free night redemption options, adding to the program's portfolio of more than 50,000 hotels, vacation club resorts and vacation rentals.
Became the first major hotel company to make available to all
Putting Owners First
Delivered record levels of contribution through Wyndham.com channels, with web traffic increasing over 9% YOY and longer booking windows compared to 2021.
Debuted a new, cloud-based, mobile-first revenue management platform, RevIQ, which when paired with one of the Company's two next-gen, cloud-based property management systems (SynXis Property Hub and Oracle OPERA Cloud), gives franchisees access to best-in-class technology solutions designed to help drive rate, streamline operations and unlock efficiencies.
Launched a cost-effective mobile key solution, enabling franchisees to upgrade existing door locks instead of replacing them. Combined with existing offerings like mobile check-in and franchisee opt-in services like front desk call routing, these initiatives are designed to help franchisees improve operating margins while moving fixed labor costs out of their hotels.
Grew The Meetings Collection, a carefully curated collection of aspirational hotels and resorts in highly sought-after destinations, to more than 160 hotels and resorts globally.The Collection works in coordination with other Sales initiatives, like Wyndham Business, to help drive increased corporate and group bookings at Wyndham hotels around the world.
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Forward-Looking Statements
This press release contains 'forward-looking statements' within the meaning of the federal securities laws, including statements related to the Company's current views and expectations related to rooms growth, development, consumer demand trends, technology offerings and programs. Forward-looking statements include those that convey management's expectations as to the future based on plans, estimates and projections at the time the Company makes the statements and may be identified by words such as 'will,' 'expect,' 'believe,' 'plan,' 'anticipate,' 'intend,' 'goal,' 'future,' 'outlook,' 'guidance,' 'target,' 'objective,' '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 the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. 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, including inflation, higher interest rates and potential recessionary pressures; the continuation or worsening of the effects from the coronavirus pandemic ('COVID-19'); COVID-19's scope, duration, resurgence and impact on the Company's business operations, financial results, cash flows and liquidity, as well as the impact on the Company's franchisees and property owners, guests and team members, the hospitality industry and overall demand for and restrictions on travel; the Company's continued performance during the recovery from COVID-19 and any resurgence or mutations of the virus; concerns with or threats of other pandemics, contagious diseases or health epidemics, including the effects of COVID-19; the performance of the financial and credit markets; the economic environment for the hospitality industry; operating risks associated with the hotel franchising businesses; the Company's relationships with franchisees and property owners; the impact of war, terrorist activity, political instability or political strife, including the ongoing conflict between
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