Wyndham Destinations Plans to Double Its Solar Capacity by End Of 2023

Rhea-AI Summary

Wyndham Destinations, the largest vacation ownership business, has announced the completion of solar installations across its resorts, enhancing its commitment to alternative energy. With about 19 properties utilizing over 18,000 solar panels, the company aims for an estimated annual solar output exceeding nine million kilowatt hours. Alongside this, Wyndham is investing in water reduction technologies projected to lower water usage by 15-17%. The company outlined sustainability goals, including 20% renewable energy use by 2030 and a 40% reduction in greenhouse gas emissions by 2025.

Positive

• Completion of solar installations across 19 properties.
• Estimated annual solar output of over nine million kilowatt hours.
• Investment in technologies to reduce water use by 15-17%.
• Sustainability goals include 20% renewable energy consumption by 2030.

Negative

• None.

World’s largest vacation ownership business celebrates new solar installations that continue to drive alternative energy across portfolio of vacation ownership resorts

ORLANDO, Fla.--(BUSINESS WIRE)-- Wyndham Destinations, the world’s largest vacation ownership business as part of Travel + Leisure Co. (NYSE:TNL), today announced the completion of its latest solar installations and its commitment to further investments in alternative energy.

Limetree Beach Resort by Club Wyndham in St. Thomas just completed installation of 408 solar panels at its beachside timeshare resort. (Photo: Business Wire)

The company recently turned on solar panels at its Limetree Beach Resort by Club Wyndham in St. Thomas, and is finishing installation at the WorldMark Clear Lake Resort in Nice, Calif., this spring. With the two new resorts online, the company will have an estimated annual solar output of more than nine million kilowatt hours at 19 properties across the U.S. that are powered by more than 18,000 solar panels.

As part of its Environmental, Social, and Governance (ESG) strategy, the company is planning to invest in opportunities to reduce water and energy usage across its portfolio of 245 resorts.

In addition, the company is installing water use reduction and leak detection technologies in guest suites that cut water use on average by 15-17%. Resort staff is working to have this equipment installed in as many as 25% of the Wyndham Destinations managed resort portfolio by the end of 2022.

In the Environmental Sustainability goals published in its 2021 ESG Report, the company is working to drive the following goals:

• 20% renewable energy consumption of total electricity at our managed resorts by 2030
• 40% reduction in greenhouse gas emissions by 2025 from a 2010 baseline
• 35% reduction in water withdrawal per square foot by 2025 from a 2010 baseline

“In partnership with our home owners associations, we’re investing in environmentally sustainable operations to protect the beautiful destinations our members enjoy visiting,” said Geoff Richards, chief operating officer of Wyndham Destinations. “As a part of our responsible operations, we place a high value on protecting the environment and communities in which we live and operate.”

Wyndham Destinations’ vacation club resorts offer a more comfortable way to travel, with most suites featuring multiple bedrooms, fully equipped kitchens and relaxed living spaces. Guests who stay at Wyndham Destinations resorts will experience all the comforts and amenities of home while living their bucket lists – and, with 95% of the U.S. population living within 300 miles of nearly 200 Wyndham Destinations resorts, finding home-away-from-home accommodations in sought-after destinations is easier than ever.

About Wyndham Destinations

Wyndham Destinations is the world’s largest vacation ownership business with more than 245 vacation club resorts around the world that offer a contemporary take on the timeshare model. The brand portfolio -- featuring Club Wyndham^®, WorldMark^® by Wyndham, Margaritaville Vacation Club^® by Wyndham, and Shell Vacations Club -- offers travelers the chance to own their vacation and explore places they’ve never visited before, year after year. More than 850,000 owners enjoy stays in a home away from home, featuring spacious suites with separate bedrooms, fully-equipped kitchens, living and dining areas, as well as resort-style amenities and services. Wyndham Destinations is part of Travel + Leisure Co. (NYSE:TNL). Learn more at WyndhamDestinations.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220421005127/en/

Steven Goldsmith

Wyndham Destinations

(407) 626-3830

Media@wyn.com

Source: Wyndham Destinations

FAQ

What are the recent solar installation achievements of Wyndham Destinations (TNL)?

Wyndham Destinations recently completed solar installations at several resorts, resulting in an estimated annual solar output of over nine million kilowatt hours.

What are the environmental sustainability goals set by Wyndham Destinations (TNL)?

Wyndham Destinations aims for 20% renewable energy consumption by 2030 and a 40% reduction in greenhouse gas emissions by 2025.

How much water usage reduction is Wyndham Destinations (TNL) targeting with new technologies?

Wyndham Destinations is investing in technologies to reduce water usage by 15-17% across its resorts.

Where are the recent solar installations by Wyndham Destinations (TNL) located?

Recent solar installations are located at the Limetree Beach Resort in St. Thomas and the WorldMark Clear Lake Resort in California.