| Type | Public (NYSE: WYN) S&P 500 Component |
|---|---|
| Industry | Hospitality |
| Founded | July 2006 |
| Headquarters | Parsippany-Troy Hills, New Jersey U.S. |
| Key people | Stephen Holmes (Chairman, CEO) Virginia Wilson (CFO) |
| Revenue | US$4.360 billion (2007) |
| Operating income | US$3.650 billion (2007) |
| Net income | US$403 million (2007) |
| Total assets | US$10.459 billion (2007) |
| Total equity | US$3.516 billion (2007) |
| Employees | 33,200 (2007) |
| Subsidiaries | Wyndham Hotels & Resorts Resort Condominiums International |
| Website | http://wyndhamworldwide.com |
| References: [1][2] | |
Wyndham Worldwide (NYSE: WYN) is the holding company for Wyndham Hotels & Resorts, Group RCI and other lodging brands. It was spun off from Cendant Corporation in July 2006.
Wyndham Worldwide, headquartered in Parsippany-Troy Hills, New Jersey,[3] operates several hotel brands across the world.[4]
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Wyndham Hotel Group is the world's largest provider and franchiser of a diverse field of travel-related products and services for businesses and individual consumers, with brands in lodging franchising, vacation ownership, vacation rentals and vacation exchange. It is composed of nearly 6,900 hotels under 12 brands spanning 50 countries and 6 continents, competing in brand markets ranging from economy to upscale. Wyndham Worldwide is headquartered in Parsippany, New Jersey. with more than 25,000 employees around the world. Wyndham Hotel Group's Wyndham Rewards loyalty program is the largest in the lodging industry as measured by the number of participating hotels. 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 Worldwide's franchisees have formed an independent association to present their concerns and grievances to Wyndham Worldwide.[5]. Owners 8 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 Hotel Vikas emphasized that Wyndham maintains cordial relationship with franchisees. He also stated that each of Wyndham brands maintain an advisory board. The advisory board members are the individual property owners.[6].
Wyndham Rewards (formerly TripRewards) is a branded, points-based rewards program for frequent travelers, the largest travel rewards program of its kind in the lodging industry based on the number of participating hotels.[7] Wyndham Rewards is owned and operated by Travel Rewards, Inc. a fully owned subsidiary of Wyndham Worldwide.
Wyndham Rewards members have the option of earning Wyndham Rewards points, which can be redeemed for shopping and dining gift certificates, airline tickets & miles, rail miles, and merchandise such as electronics, appliances and sporting goods, resort vacations, free entertainment and more.[2]
Wyndham Rewards members have the option of earning Wyndham Rewards points or airline or rail points. Users are asked to indicate their earning preference when they sign up. If a user does not make a choice between points, airline or rail points, it is assumed that the user wishes to earn Wyndham Rewards Points. Those who have chosen to earn airline or rail points will have their earnings deposited directly into their account at the selected airline or rail partner.
Wyndham Vacation Ownership, headquartered in Orlando, Florida, is the largest vacation ownership business in the world. It includes a network of 160 properties, 20,000 individual units, and over 800,000 property owners.[8] 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.
Wyndham Exchange and Rentals operates over 30 brands worldwide, with relationships with over 35,000 property owners in 22 countries.[9]
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