Travel Trade Journal

Wyndham Hotels & Resorts continues strong growth in the Asia Pacific region

-

Wyndham Hotels & Resorts, the world’s largest hotel franchisin­g company and 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.

 ??  ??

Newspapers in English

Newspapers from India