Wyndham Worldwide

Wyndham Worldwide Corporation

Type	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) Tom Conforti(CFO)
Revenue	US$ 5,009.0 million (2013) [1] US$ 4,534.0 million (2012) [1]
Operating income	US$ 910.0 million (2013) [1] US$ 852.0 million (2012) [1]
Net income	US$ 432.0 million (2013) [1] US$ 400.0 million (2012) [1]
Total assets	US$ 9,741.0 million (2013) [2] US$ 9,463.0 million (2012) [1]
Total equity	US$ 1,625.0 million (2013) [2] US$ 1,931.0 million (2012) [2]
Number of employees	33,200 (2007)
Subsidiaries	Wyndham Hotels & Resorts RCI
Website	www.wyndhamworldwide.com
Footnotes / references [3][4]

Suite room at the Wyndham Grand Istanbul Europe Hotel

Wyndham Worldwide Corporation is an American business, it 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]

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 six 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]

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 Former CEO Eric A. Danziger, in an interview in 2009 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 Logo

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 one of the largest vacation ownership programs 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

Wyndham Destination Network

Wyndham Exchange and Rentals officially changed its name to Wyndham Destination Network on January 1, 2016, and operates over 110,000 vacation properties worldwide in more than 100 countries.^[17]

Wyndham Exchange and Rentals brands

Sales Practices

Wyndham has been the focus of several investigations regarding their sales practices. Most recently in Pennsylvania. The Real Estate Commission for Pennsylvania fined Wyndham and their broker at their Shawnee-on-Delaware location, Craig Roberts, a total of $15,000. Eight months earlier, Wyndham settled similar allegations in Wisconsin paying $655,000 in restitution to 29 consumers.

References

External links

• Wyndham Worldwide

• • Business data for Wyndham Worldwide: Google Finance
  • Yahoo! Finance
  • Bloomberg
  • Reuters
  • SEC filings