The Wyndham Hotel Group has seen a decline in its hotel inventory as the health crisis has had a profound impact on its business. As a result, the number of rooms and employees worldwide has been reduced, but the group is still making progress in the world's top 10.
Park's evolution : -4,2%
Hotels' number 2021 : 8 941
Romms' number 2021 : 795 909
After a feeble growth in 2019 (+2.60% of rooms), Wyndham Hotel Group observed a decrease in the number of rooms in 2021 with -4.20%. The American group is actually operating 35,116 fewer rooms today than at the same time in 2020, with almost 350 fewer hotels.
Like IHG, Wyndham has been a victim of some real-estate landlords becoming independent. As its competitors, also impacted by the coronavirus pandemic, Wyndham had to cut its losses and to do so dismissed 846 employees worldwide. This did not prevent the group from gaining a position in the world's Top 10 for the fiscal year 2020.
The American group continues its development which is based, as claimed by its EMEA CEO Dimitri Manikis, on an asset light model. Its growth strategy in Asia-Pacific, which began several years ago, was illustrated this year by the opening of the first Wyndham property in Cambodia, following openings in Nepal, China and South Korea.
The Wyndham Group's growth strategy is also reflected in its top-rated Wyndham Rewards loyalty program. Following a partnership with Vacasa Premiere in North America, the program added 15,000 new vacation rentals to its global exchange portfolio, bringing the number of hotels, resorts and vacation rentals offered through the loyalty program to 50,000.
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