Wyndham Worldwide
Public | |
Traded as | NYSE: WYN S&P 500 Component |
Industry | Hospitality Conglomerate |
Founded | July 2006 |
Headquarters | Parsippany-Troy Hills, New Jersey, United States |
Key people
|
Stephen Holmes (Chairman, CEO) Stephen Holmes(CFO) |
Revenue | |
Total assets | |
Total equity | |
Number of employees
|
33,200 (2007) |
Subsidiaries | Wyndham Hotels & Resorts RCI |
Website | www.wyndhamworldwide.com |
Footnotes / references [3][4] |
Wyndham Worldwide Corporation is the holding company for Wyndham Hotels & Resorts, RCI and other lodging brands. It was spun off from Cendant Corporation in July 2006.
Wyndham Worldwide, headquartered in Parsippany-Troy Hills, New Jersey,[5] operates several hotel brands across the world.[6]
Contents
Wyndham Hotel Group
Wyndham Hotel Group offers brands in lodging franchising, vacation ownership, vacation rentals and vacation exchange. It is composed of nearly 7,400 hotels under 15 brands spanning 66 countries in 6 continents, competing in brand markets ranging from economy to upscale. Wyndham Worldwide is headquartered in Parsippany, New Jersey and has more than 40,000 employees around the world.[7] Lodging management services are provided to upscale properties through Wyndham Hotel Management.
In early 2008, Global Hyatt Corporation announced that the Wyndham Worldwide Group would purchase US Franchise Systems, Inc., owner of the Microtel and Hawthorn Suites brands, for $150 million. The transaction closed July 21, 2008. US Franchise Systems had previously sold the America's Best Inn (formerly Best Inns) chain to the Country Hearth Inns chain in 2005. That holding company is now known as America's Best Franchising Inc.
Wyndham bought the Wisconsin-based Exel Inn chain in 2008, and converted all 22 of its properties to Wyndham brands.[8]
In 2010, Wyndham Worldwide acquired the Tryp hotel brand from Sol Meliá Hotels & Resorts of Spain. The brand, subsequently renamed Tryp by Wyndham, is positioned as a "select-service, midmarket" brand representing approximately 13,000 rooms and caters to business and leisure travelers in cosmopolitan cities including Madrid, Barcelona, Paris, Lisbon, New York, Frankfurt, Montevideo, Buenos Aires, São Paulo, Istanbul, etc.[9]
Wyndham Hotel Group brands
Wyndham Hotel Group includes 15 brands including:[10]
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- Baymont Inn & Suites
- Days Inn
- Dolce
- Hawthorn Suites
- Howard Johnson's
- Knights Inn
- Microtel Inn & Suites
- Ramada
- Super 8
- Travelodge
- TRYP by Wyndham
- Wingate By Wyndham
- Wyndham Hotels & Resorts
- Wyndham Garden Hotels
- Wyndham Grand Hotels and Resorts
Wyndham Franchisee Association
Wyndham Worldwide's franchisees have formed an independent association called Owners 8 Association to present their concerns and grievances to Wyndham Worldwide.[11] The association has argued that individual franchisees have currently limited role in Wyndham's decision making.
Wyndham Hotel Group's CEO Eric A. Danziger, in an interview with Asian Indian Hotel Owners magazine, emphasized that Wyndham maintains cordial relationship with franchisees. He also stated that each of Wyndham brands maintain an advisory board of individual property owners. [12]
Wyndham Rewards
Wyndham Rewards (formerly known as TripRewards) is a branded, points-based rewards program for frequent travelers, featuring over 7,700 participating hotels worldwide.It also features a Wyndham Rewards Credit Card which allows owners to build up 2-13 points per USD to offset costs of maintenance in regards to vacation ownership. It currently holds the highest return of all rewards programs and the highest offset yield. [13]
Wyndham Vacation Ownership
Wyndham Vacation Ownership, headquartered in Orlando, Florida, is the largest vacation ownership program in the world.[14] It includes a network of 203 properties, 25,000 individual units, and over 925,000 property owners.[15] Locations are in North America, the Caribbean, and the South Pacific. Wyndham Vacation Ownership includes marketing and sales of vacation ownership interests, consumer financing in conjunction with the purchase of vacation ownership interests, property management services to property owners' associations, and development and acquisition of vacation ownership resorts.[15]
Wyndham Vacation Ownership brands
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- Club Wyndham
- Club Wyndham Asia
- Margaritaville Vacation Club
- Shell Vacations Club
- WorldMark by Wyndham
- WorldMark South Pacific Club by Wyndham
- Wyndham Club Brasil
Wyndham Destination Network
Wyndham Exchange and Rentals offically changed its name to Wyndham Destination Network on January 1, 2016, and operates over 110,000 vacation properties worldwide in more than 100 countries.[16]
Wyndham Exchange and Rentals brands
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- cottages4you
- Hoseasons
- James Villa Holidays
- Landal GreenParks
- Novasol
- RCI
- The Registry Collection
- Wyndham Vacation Rentals
References
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- ↑ "Contact Us." Wyndham Worldwide. Retrieved on August 3, 2009.
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- ↑ http://www.wyndhamworldwide.com/media/press-releases/press-release?wwprdid=266
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- ↑ Lua error in package.lua at line 80: module 'strict' not found.[dead link]
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External links
- Articles with dead external links from October 2010
- Pages using infobox company with unsupported parameters
- Pages using div col with unknown parameters
- Pages with broken file links
- Companies listed on the New York Stock Exchange
- Hospitality companies of the United States
- Companies based in Morris County, New Jersey
- Wyndham Worldwide
- Blackstone Group companies
- Gaylord Entertainment Company
- Parsippany-Troy Hills, New Jersey