Profile: Wyndham Worldwide Corp (WYN.N)
20 Nov 2017
Wyndham Worldwide Corporation, incorporated on May 30, 2003, is a hospitality company. The Company offers a range of hospitality services and products through its global portfolio of brands. The Company operates through three segments: Wyndham Hotel Group, Wyndham Destination Network and Wyndham Vacation Ownership. The Company's brands include Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, Microtel Inns & Suites by Wyndham, TRYP by Wyndham, Dolce Hotels and Resorts, RCI, Landal GreenParks, Novasol, Hoseasons, cottages.com, James Villa Holidays, Wyndham Vacation Rentals, Wyndham Vacation Resorts, Shell Vacations Club and WorldMark by Wyndham.
Wyndham Hotel Group
As of December 31, 2016, the Company's Wyndham Hotel Group had 8,035 hotels and over 697,600 hotel rooms around the world. The Company owned hotel portfolio, which consists of the Wyndham Grand Rio Mar Beach Resort and Spa in Puerto Rico (Rio Mar hotel) and the Wyndham Grand Orlando Bonnet Creek (Bonnet Creek hotel). It franchises in the upscale, upper midscale, midscale, economy and extended stay segments with a concentration in economy brands. The Company also provides property management services for full-service and select limited-service hotels.
Wyndham Destination Network
The Company's Wyndham Destination Network segment offers non-hotel accommodations that include vacation ownership exchange and vacation rentals. These non-hotel accommodations provide leisure travelers access to a range of leisure options that include privately owned vacation homes, villas, cottages, apartments, condominiums, holiday parks and vacation ownership resorts. Vacation exchange offers services and products to timeshare developers and owners. Timeshare clubs, such as Club Wyndham Plus, WorldMark by Wyndham and Disney Vacation Club, give members the option to exchange both internally, within their collection of resorts, or through external exchange channels, such as Resort Condominiums International (RCI). As of December 31, 2016, RCI operated three global vacation exchange programs: RCI Weeks, RCI Points and The Registry Collection. These programs serve a member base of timeshare and fractional owners. As of December 31, 2016, RCI had relationships with over 4,300 vacation ownership resorts in over 110 countries and territories, located in North America, Europe, Latin America, South Africa, Caribbean, Asia Pacific and the Middle East regions. Wyndham Vacation Rentals U.K. operates brands, including Hoseasons, cottages.com, Blue Chip Holidays and James Villa Holidays. As of December 31, 2016, it offered access to approximately 45,000 properties across the United Kingdom and continental Europe.
As of December 31, 2016, Novasol operated over 44,000 holiday homes available for rent through brands, such as Novasol and Dansommer. As of December 31, 2016, Novasol also operated an urban apartment rental business under its brand, Friendly Rentals, with approximately 2,400 units. Landal GreenParks is a holiday park company in the Netherlands. As of December 31, 2016, it owned, managed and franchised over 80 holiday parks offering approximately 14,000 holiday park chalets, and over 1,300 campsite pitches throughout the Netherlands, Germany, Denmark, Austria, the Czech Republic, Belgium, Switzerland and Hungary. As of December 31, 2016, Wyndham Vacation Rentals N.A. offered over 10,000 rental properties, in beach, ski, mountain, theme park, golf and tennis resort destinations, such as Florida, South Carolina, Colorado, Delaware, North Carolina, Alabama, Tennessee, Utah, California and British Columbia. As of December 31, 2016, its vacation rental brands professionally managed vacation rental properties through relationships with over 71,000 independent property owners in 35 countries and territories. As of December 31, 2016, its brands had access to over 117,000 properties in approximately 650 destinations, with over 106,000 properties in Europe and approximately 11,000 properties in the United States and Canada.
Wyndham Vacation Ownership
The Company's Wyndham Vacation Ownership segment develops and acquires vacation ownership resorts; markets and sells vacation ownership interests (VOIs), provides consumer financing, and provides property management services to property owners' associations. As of December 31, 2016, the Company had 219 vacation ownership resorts in the United States, Canada, Mexico, the Caribbean and the South Pacific. The Company's brands operate points-based vacation ownership programs, through which VOIs can be redeemed for vacations that provide owners with flexibility as to resort location, length of stay, number of stays, unit type, and time of year. As of December 31, 2016, approximately 515,000 owners held interests in Club Wyndham resort properties, which are located primarily in the United States and consisted of 99 resorts that represented over 14,000 units. The resorts in which Club Wyndham markets and sells vacation ownership and other real estate interests are destination resorts located at or near attractions, such as the Walt Disney World Resort in Florida, the Las Vegas Strip in Nevada, Myrtle Beach in South Carolina, Colonial Williamsburg in Virginia, and the Hawaiian Islands.
As of December 31, 2016, WorldMark by Wyndham consisted 92 resorts and represented over 6,900 units, which are located primarily in the Western United States, Canada and Mexico. As of December 31, 2016, over 228,000 owners held vacation credits in the club. The resorts in which WorldMark by Wyndham markets and sells vacation credits are primarily drive-to resorts. As of December 31, 2016, over 54,000 owners held vacation credits for Wyndham Vacation Resorts Asia Pacific, which consists of 28 resorts (one of which is shared with WorldMark by Wyndham) representing approximately 1,400 units that are located in the South Pacific. As of December 31, 2016, Shell Vacations Club consisted of 25 resorts (one of which is shared with Club Wyndham and one of which is shared with WorldMark by Wyndham) representing over 2,200 units, which are primarily located in Hawaii, California, Arizona, Texas, Nevada, Oregon, New Hampshire, North Carolina, Wisconsin and Canada. As of December 31, 2016, over 90,000 owners held vacation points in the Shell Vacations Club.
Wyndham Worldwide Corp
22 SYLVAN WAY
PARSIPPANY NJ 07054-3801
Company Web Links
- Fitch Affirms Marriott at 'BBB'; Maintains Positive Outlook
- BRIEF-Airbnb is among possible suitors for Wyndham Worldwide's Europe rentals - Bloomberg
- BRIEF-Wyndham Worldwide's unit enters into timeshare loan-backed variable funding note purchase facility
- BRIEF-Wyndham Worldwide announces spin-off hotel company executive leadership team
- BRIEF-Wyndham Worldwide plans to become 2 publicly traded hospitality cos