SINGAPORE and PARSIPPANY, N.J., April
13, 2021 /PRNewswire/ -- Wyndham Hotels &
Resorts, the world's largest hotel franchising company and
leading provider of hotel management services with over 8,900
hotels across nearly 95 countries, continued on a strong growth
trajectory in Asia Pacific in
2020, overcoming global uncertainty to achieve a series of
important hotel openings, major milestones and a strong pipeline of
new properties scheduled to launch in 2021 and beyond.
In a year of significant challenges for the travel and
hospitality industries, Wyndham successfully opened over 125 new
hotels and signed a further 140 properties in Asia Pacific last year, putting it in a
leading position in the industry with over 1,500 hotels in 20
regional markets and territories.
This year, the growth is expected to continue with an estimated
40 percent increase in openings or approximately 180 hotels
anticipated to open in Asia
Pacific. Through its robust Asia
Pacific pipeline of directly franchised and managed hotels,
alongside strong relationships with master franchisees, Wyndham is
on track to reach 2,000 hotels in Asia
Pacific within the next three years.
"Strong partnerships with our owners will be key to our
continued growth and our mutual success. We are building on the
momentum achieved in 2020, as industries gear towards recovery in
2021, and our robust openings and hotel deal executions will pave
the way for continued growth for the company. With so many great
hotel openings and signings, it is a testament to the enduring
confidence that our partners have in Wyndham's world-class brands.
As we expand our scale, our reach, our distribution and our base of
loyal Wyndham Rewards members, we will help create even greater
benefits for everyone in our value chain," said Joon Aun Ooi,
President, Asia Pacific, Wyndham
Hotels & Resorts.
Alongside the company's extensive support measures for its
existing hotel owners and partners, these milestone openings will
put Wyndham in the best possible position to benefit from pent-up
demand once travel restrictions eventually ease which is expected
to occur in the coming months.
Accelerated Growth in 2021 Builds on Major Milestones in
2020
Wyndham introduced five of its brands to new markets across
Asia Pacific in 2020, as
Howard Johnson by Wyndham launched
in Cambodia, and Japan welcomed its first Wyndham Grand and
Wyndham Garden hotels. In addition, Asia
Pacific's inaugural Dolce by Wyndham and La Quinta by
Wyndham hotels were launched in Vietnam and New
Zealand respectively.
Greater China, where
Wyndham is one of the leading international hotel operators in the
country, continued to show a strong appetite for Wyndham's brands
and concepts in 2020. In total, the Company executed over 100
agreements across the country last year, including the signing of
an agreement to introduce the Dolce by Wyndham brand to Foshan in
the Guangdong province, as well as
the successful introduction of Ramada Encore by Wyndham to Hualien,
Taiwan.
Over 100 hotels are expected to open in Greater China this year, and its expansion
drive starts with the successful conversion of the 346-room Wyndham
Xinyang Downtown, a prominent hotel located in the heart of the
central business district that represents the first Wyndham hotel
in Xinyang, Henan, as well as the
Microtel by Wyndham Tianjin, the first of seven Microtel hotels
expected to open this year.
Other key openings anticipated this year include: Wyndham
Beijing Airport, which is just a four minute drive from Beijing
Terminal 3, and China's first La
Quinta hotel in Weifang, Shandong
province. The Wingate by Wyndham brand will be boosted by the
launch of Wingate Beihai Yintan, located in Guangxi province. Meanwhile in Taiwan, TRYP by Wyndham will launch in Linkou,
New Taipei City.
Thailand is another
strategic market for Wyndham, and the Company opened two hotels in
2020 including the launch of Wyndham Grand Nai Harn Beach Resort
Phuket, and the successful rebranding of Ramada by Wyndham Bangkok
Chaophya Park.
The Company plans to open seven new properties in 2021 in
popular destinations across Bangkok, Pattaya and Phuket. Key openings this year are expected to
include Wyndham Bangkok Queen Convention Centre, Ramada Plaza by Wyndham Bangkok Sukhumvit 48,
Ramada Plaza by Wyndham Sukhumvit
87, and Wyndham Garden Bangkok Sukhumvit 42, all of which are
located in Bangkok's central
business district, along with Wyndham Atlas Wongamat Pattaya,
Wyndham LaVita Resort Phuket and Wyndham Garden Platinum Kamala
Phuket. Within the next 3 years, Wyndham intends to open as many as
20 hotels located in popular destinations such as Pattaya and
Phuket.
In Vietnam, Wyndham
accelerated its market presence with the introduction of three new
hotels in 2020, including several landmark properties. The
spectacular Dolce by Wyndham Golden Lake Hanoi became the brand's
first Asia Pacific outpost in
2020. The expansion of its upscale offerings include Wyndham Sky
Lake Resort & Villas in Hanoi
and the Wyndham Grand Flamingo Dai Lai Resort, an award-winning
property nestled just north of Dai Lai Lake.
Four additional hotels are expected to unveiled in Vietnam this year, including the recently
opened Wyndham Grand Flamingo Cat Ba, followed by the landmark
Wyndham Soleil Danang, which will
become Danang's tallest building, as well as Wyndham hotels in
Quang Binh and Phu Quoc, In total, Wyndham's portfolio in
Vietnam is forecast to almost
triple by 2024, from seven to over 20 properties nationwide.
Wyndham maintained its strong position in South Korea in 2020, with the opening of
three new hotels situated in Gumi, Yeosu and Chuncheon. These
include Ramada Plaza by Wyndham
Dolsan Yeosu, located in the popular coastal city, and Ramada by
Wyndham Gumi, which became the first global hotel chain offering in
Gumi, a major industrial complex. Looking ahead, a series of new
Wyndham and Wyndham Grand hotels are
due to start operating in South
Korea in the coming years that will offer the flagship
brands' upscale and distinctive experiences.
As part of its multi-brand strategy in Australasia, the
Company recently opened its LQ by Wyndham Remarkables Park
Queenstown which marked the debut of La Quinta in Asia Pacific. In New Zealand, three new hotels are
anticipated to open this year under the Ramada by Wyndham and
Wyndham Garden brand in Wellington, Auckland and Christchurch. Other new launches ahead include
two new TRYP by Wyndham hotels, which will mark the brand's debut
in New Zealand.
Over 15 hotels are in the development pipeline for
Australia, including the
arrival of exciting new brand concepts like the Wyndham and Wyndham
Garden in South Australia, TRYP by
Wyndham in Western Australia,
Queensland, Victoria and South
Australia, as well as the highly anticipated arrival of
Wyndham Grand brand in Adelaide.
Throughout the global pandemic, Wyndham remained focused on
supporting its hotels, owners, partners and loyal guests through a
wide range of commercial initiatives as well as its Count on
Us® health and safety initiative, that will help
its hotels welcome back guests with confidence as the world starts
to reopen for business.
About Wyndham Hotels & Resorts
Wyndham Hotels
& Resorts (NYSE: WH) is the world's largest hotel franchising
company by the number of properties, with over 8,900 hotels across
nearly 95 countries on six continents. Through its network of
approximately 796,000 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®, La Quinta®, Baymont®, Wingate®, AmericInn®,
Hawthorn Suites®, Trademark Collection® and Wyndham®, Wyndham
Hotels & Resorts is also a leading provider of hotel management
services. The Company's award-winning Wyndham Rewards loyalty
program offers 86 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.
This press release contains "forward-looking statements"
within the meaning of U.S. federal securities laws, including the
expected addition of hotels within the Asia Pacific Region and
similar statements concerning possible future results or
performance. You are cautioned not to place undue reliance on
these forward-looking statements, which are not guarantees of
future results or performance, speak only as of the date of this
press release and are subject to numerous risks and uncertainties,
including the risks described in Wyndham Hotels' most recent Annual
Report on Form 10-K and subsequent reports filed with the
Securities and Exchange Commission, any of which could cause actual
results or performance to be materially different from the future
results or performance expressed or implied by such forward-looking
statements. 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.
Contacts:
Abigail Foo
Wyndham Hotels & Resorts
South East Asia and Pacific Rim
M: +65 9067 8040
abigail.foo@wyndham.com
Scott Carman
Wyndham Hotels & Resorts
+1 (973) 753-6590
scott.carman@wyndham.com
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