Wyndham Hotels & Resorts separates hotels and timeshare business
Wyndham Hotels & Resorts (WHR) has announced the completion of its spin-off from Wyndham Worldwide Corporation, which will now be focused on timeshare properties and vacation rentals.
As a result, WHR will now be centred on the hotel business as what is believed to be the world's largest hotel franchisor, with a portfolio of nearly 9,000 properties across 20 brands including Wyndham, Ramada and Days Inn. Wyndham Worldwide Corporation has been renamed as Wyndham Destinations.
Geoff Ballotti, chief executive officer of Wyndham Hotels & Resorts, said: "We're thrilled to begin a new era in which we will continue to build upon our powerful asset-light and fee-based business model that is driven by an exceptional portfolio of market-leading economy and midscale brands.
"As the world's largest hotel franchisor with a proven ability to create value through acquisitions and organic growth, we will focus on strengthening our industry-leading loyalty and technology platforms to drive more direct distribution to our owners and franchisees at a lower cost, while serving everyday travellers exceptionally well."
In EMEA, WHR is headed by Dimitris Manikis as president and managing director for Europe, Middle East, Eurasia and Africa (EMEA). Manikis is responsible for 460 hotels, including 74 in the UK.
Dimitris Manikis to lead EMEA growth at Wyndham
Wyndham Worldwide to spin off hotel and timeshare businesses
