WYNDHAM ANNOUNCES NEW BUILDS AND CONVERSIONS ARE ON TRACK
Wyndham Hotels & Resorts is continuing on a bullish path of construction, reinforcing optimism for the industry’s recovery.
The world’s largest hotel franchising company, with approximately 9,300 hotels across 90 countries, opened 11 newly-built hotels across the US in the first quarter and is breaking ground on a number of hotels in its new-construction pipeline. In the same period, the Company executed agreements for more than 25 future new-construction hotels in the US, further expanding its pipeline and planting roots for travel recovery in the long term.
The Company’s 11 new-construction openings in the US represent nearly 1,000 rooms. The recent openings, including properties across its La Quinta by Wyndham, Wingate by Wyndham, Days Inn by Wyndham, and Hawthorn Suites by Wyndham brands, are situated in destinations primed for domestic, drive-to leisure travel such as Miramar Beach, Fla.; Houston, Texas; Spokane, Wash.; and Wisconsin Dells, Wis. At the same time, developers for Wyndham-branded hotels also broke ground on 10 new projects in the US.
“Despite a rapidly changing landscape for hotel developers around the world, a number of our owners are pressing forward with new-construction projects in the economy and midscale segments, reinforcing our overall confidence in the long-term viability of our industry,” said Krishna Paliwal, head of Architecture, Design and Construction for Wyndham. “New-construction growth, however gradual, represents our optimism for the future of travel. Not only do our highly recognisable brands provide significant value to hotel owners who join the Wyndham family, especially during difficult times, but they also represent the consistent, trusted and affordable experience travellers will be seeking now more than ever before.”
Conversions on rise
Though construction has generally slowed across the industry, Wyndham continues to welcome new projects. In the first quarter, Wyndham’s conversion pipeline increased 8% globally year-over-year.