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PARSIPPANY, N.J., April 4, 2019 /PRNewswire/ -- Wyndham Hotels & Resorts (WH) has been recognized for its culture of inclusion by the Human Rights Campaign on the heels of reinforcing its commitment to workplace fairness for lesbian, gay, bisexual, transgender and queer (LGBTQ) team members. Within the same week of joining the Business Coalition for the Equality Act, Wyndham Hotels & Resorts earned a perfect score of 100 as a Best Place to Work for LGBTQ Equality.
ORLANDO, Fla., March 1, 2019 /PRNewswire/ -- RCI, the global leader in vacation exchange as part of Wyndham Destinations (WYND), continued its strong growth with the addition of 103 new properties to its affiliate exchange network during the second half of 2018. The new affiliations include resorts in Asia, the Caribbean, Europe, India, Latin America, and North America. "We're committed to delivering the broadest set of vacation exchange options for our members," said Fiona Downing, senior vice president, RCI. On January 1, the 60,000 member families in Shell Vacations Club joined the RCI network, providing access for those owners to over 4,300 affiliated resorts in nearly 110 countries.
In 2015, Wyndham retooled its loyalty program to be simpler and more straightforward and to appeal to what the company often referred to as “the everyday traveler.” The highlight of this new program would be a radical departure from what every other hotel loyalty program did (and still does): Instead of having multiple redemption tiers […] The post Wyndham Is Changing Back Its Loyalty Program to Be More Like Everyone Else’s appeared first on Skift.
The company is supplementing its acquired revenue haul with expansion throughout its existing franchise system.
Despite a new rock star brand, Wyndham Hotels had a flat quarter in the U.S. market. The company is continuing to reap the benefits of its recently-acquired La Quinta franchise, which is quickly becoming the bright spot in its massive portfolio. Revenue for Wyndham Hotels increased 69 percent in the fourth quarter, with over a […] The post Wyndham Hotels Still Struggles to Add Improved Rooms in U.S. appeared first on Skift.
This view is supported by the company's roughly 40% share of all U.S. economy and midscale branded hotels as well as its loyalty program, the industry's fourth-largest by membership, which encourages third-party hotel owners to join the platform. Also, Wyndham has 10% and 5% shares of existing U.S. and global hotel rooms, respectively, with a pipeline that represents around 22% of its current unit base. As a result, we see room growth averaging around 3% over the next decade, above the 2% long-term U.S. supply growth average.
Why it was purchased: Wyndham Worldwide (WH) was a successful long-term moderate investment in the portfolio. On June 1, 2018, after spinning off Wyndham, Hotels & Resorts, Wyndham Worldwide changed its name to Wyndham Destinations. It is one of the world's largest vacation ownership and exchange company.
Zacks Industry Outlook Highlights: Loews, Red Lion Hotels, China Lodging Group and Wyndham Destinations
Zacks Industry Outlook Highlights: Marriott International, Hyatt Hotels, Hilton Worldwide, Choice Hotels and WyndhamWorldwide
With an ROE of 18.69%, Wyndham Hotels & Resorts Inc (NYSE:WH) outpaced its own industry which delivered a less exciting 13.89% over the past year. On the surface, this looksRead More...
Just because millennials love it doesn't mean you should buy it. In the last two months I have heard a number of CEOs talk about how, surprisingly, millennials have an affinity for their products. Just in the last year, for example, I have talked to CEOs of cruise liners, timeshare companies, recreational vehicles and budget hotels, and all four have told me that millennials make up a surprising percentage of their customers, especially their new customers.
Stephen Holmes, Wyndham Destinations and Wyndham Hotels and Resorts chairman, weighs in on the bidding war between Disney and Comcast for Fox assets.