Wyndham Hotels & Resorts Surpasses 100 Open Hotels in Türkiye

Rhea-AI Summary

Wyndham Hotels & Resorts strengthens its position in Türkiye with approximately 105 open hotels and a development pipeline of 20 properties. The company celebrated its 100th hotel milestone and plans to expand further in 2023. Türkiye is the company's fifth largest market globally.

Positive

• Wyndham Hotels & Resorts is the largest international hotel group in Türkiye by number of properties.
• The company reached its 100th hotel milestone with the addition of Days Hotel by Wyndham Istanbul Esenyurt.
• Türkiye is Wyndham's fifth largest market globally by hotel count.
• The country received over 51 million inbound visitors in 2022 and targets 60 million travellers in 2023.
• Wyndham has a development pipeline of approximately 20 additional hotels in Türkiye.

Negative

• None.

Key openings solidify Wyndham's position as Türkiye's largest international hotel company with plans for further expansion in 2023.

ISTANBUL, Sept. 5, 2023 /PRNewswire/ -- Wyndham Hotels & Resorts, the world's largest hotel franchising company with approximately 9,100 hotels spanning more than 95 countries, is further strengthening its position in Türkiye reaching approximately 105 open and operating hotels and a development pipeline of approximately 20 additional properties. The latest openings are part of Wyndham's continued expansion plan in Türkiye, where the company is the largest international hotel group by number of properties.

Wyndham celebrated its 100^th hotel milestone with the addition of the 176-room new construction Days Hotel by Wyndham Istanbul Esenyurt, followed by the opening of Ramada by Wyndham Karapinar in Central Anatolia; Istanbul New Airport Hotel, Trademark Collection by Wyndham; and the upscale Wyndham Afyonkarahisar Thermal & Spa, amongst other new hotels. Wyndham's portfolio in Türkiye, its fifth largest market globally by hotel count, now includes hotels in more than 45 cities and sought-after destinations across the country, ranging from economy to upper-upscale accommodation options. In 2022, Türkiye received over 51 million inbound visitors and is targeting 60 million travellers in 2023. The country remains a leading performer amongst European markets with strong occupancy rates driven by both domestic and international demand.

Dimitris Manikis, President EMEA, Wyndham Hotels & Resorts, said: "From culture-rich destinations to beautiful coastlines and buzzing cities, Türkiye has something to offer to every type of traveller.  Surpassing the 100^th hotel mark in the year the Republic of Türkiye celebrates its 100^th anniversary makes this milestone even more special. Together with our talented team based in Istanbul, we remain committed to expanding our offerings and look forward to building on our success with our trusted hotel partners in one of the world's most exciting destinations."

Wyndham continues delivering on its mission of making hotel travel possible for all, recently opening several new hotels across Türkiye. Some highlights include:

• Days Hotel by Wyndham Istanbul Esenyurt – The new-construction hotel offers modern interiors and convenient amenities, including an on-site restaurant, an outdoor pool and a wellness area. It is close to well-known shopping malls, the Tuyap Fair convention and congress center and the CNR Expo. It offers 176 rooms and 120 square meters of event space.
• Ramada by Wyndham Karapinar – With 118 guest rooms, a roof-top restaurant and a spa, the hotel is situated near the town center and the popular Meke and Acigol volcanic lakes. Guests can easily reach the underground city of Oymali, one of the world's oldest villages Çatalhöyük or the Sufi pilgrimage site of Konya.
• Istanbul New Airport Hotel, Trademark Collection by Wyndham – Wyndham's first Trademark Collection by Wyndham hotel in the country features 68 rooms and suites, stylish interiors and a modern spa. The new construction hotel is located in the fast-growing Arnavutkoy district, 12 km from Istanbul Airport and with easy access to the Mall of Istanbul and the Vialand Theme Park.
• Wyndham Afyonkarahisar Thermal & Spa – Located in Western Türkiye, the hotel is close to many attractions like the Afyonkarahisar Castle and Afyonkarahisar Grand Mosque, as well as the Park Afyon and Afium shopping centres. It features 161 guest rooms and a large spa with six therapeutic thermal pools, a hammam and a sauna and steam room.
• Ramada Encore by Wyndham Sisli – Located in Sisli, a commercial and affluent area of Istanbul with many restaurants, shops and the popular Cevahir mall, the new hotel features 101 spacious rooms, a health and fitness club and the Flame restaurant and bar, where guests can enjoy scenic views of the city.

With a development pipeline of approximately 20 additional hotels, Wyndham is focused on bringing more branded offerings to Türkiye. Some additional hotels expected to open by the end of 2023 include:

• Wyndham Istanbul Old City – The new hotel will be located in the heart of Istanbul's Old City, only a few minutes away from the world-famous Topkapi Palace Museum, Blue Mosque, Hagia Sophia, Grand Bazaar and Basilica Cistern. It will feature 138 spacious guest rooms, a contemporary spa and wellness area with indoor and outdoor pools, as well as traditional Turkish baths.
• Operla Airport Hotels, Trademark Collection by Wyndham – The new hotel will be located only five km from the New Istanbul Airport in the Arnavutköy district of Istanbul, making it an ideal stop for those travelling for business or leisure. It will feature 65 spacious guest rooms combining elegant interiors and comfort, in-room dining service with an international menu, as well as an all-day restaurant.
• Ramada by Wyndham Istanbul Pera – Located in a lively and historical district, close to the famous Galata Tower and Istiklal street, the 200-room hotel will feature a host of leisure amenities, including a specialty restaurant serving local delicacies, as well a Turkish Hamam and Spa. Guests staying at Ramada by Wyndham Istanbul Pera will also have easy access to the nearby Golden Horn and transport links to explore the city.

Wyndham hotels in Türkiye participate in Wyndham Rewards®, the award-winning hotel loyalty programme offering over 103 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally.

For more information on franchising opportunities with Wyndham Hotels & Resorts, visit www.whrdevelopmentemea.com.

About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world's largest hotel franchising company by the number of properties, with approximately 9,100 hotels across over 95 countries on six continents.  Through its network of approximately 852,000 rooms appealing to the everyday traveller, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry.  The Company operates a portfolio of 24 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®.  The Company's award-winning Wyndham Rewards loyalty programme offers over 103 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally.  For more information, visit www.wyndhamhotels.com.

Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the federal securities laws, including statements related to Wyndham Hotels & Resorts, Inc.'s (the "Company") current views and expectations related to rooms growth, development and consumer demand trends. Forward-looking statements include those that convey management's expectations as to the future based on plans, estimates and projections at the time the Company makes the statements and may be identified by words such as "will," "expect," "believe," "plan," "anticipate," "intend," "goal," "future," "outlook," "guidance," "target," "objective," "estimate," "projection" and similar words or expressions, including the negative version of such words and expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, general economic conditions, including inflation, higher interest rates and potential recessionary pressures; the worsening of the effects from the coronavirus pandemic ("COVID-19"); COVID-19's scope, duration, resurgence and impact on the Company's business operations, financial results, cash flows and liquidity, as well as the impact on the Company's franchisees, guests and team members, the hospitality industry and overall demand for and restrictions on travel; the Company's continued performance during the recovery from COVID-19 and any resurgence or mutations of the virus; concerns with or threats of other pandemics, contagious diseases or health epidemics, including the effects of COVID-19; the performance of the financial and credit markets; the economic environment for the hospitality industry; operating risks associated with the hotel franchising businesses; the Company's relationships with franchisees; the impact of war, terrorist activity, political instability or political strife, including the ongoing conflict between Russia and Ukraine; the Company's ability to satisfy obligations and agreements under its outstanding indebtedness, including the payment of principal and interest and compliance with the covenants thereunder; risks related to the Company's ability to obtain financing and the terms of such financing, including access to liquidity and capital; and the Company's ability to make or pay, plans for, and the timing and amount of any future share repurchases and/or dividends, as well as the risks described in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequent reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise, except as required by law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/wyndham-hotels--resorts-surpasses-100-open-hotels-in-turkiye-301917674.html

SOURCE Wyndham Hotels & Resorts

FAQ

How many hotels does Wyndham Hotels & Resorts have in Türkiye?

Wyndham Hotels & Resorts has approximately 105 open and operating hotels in Türkiye.

What is Wyndham's position in Türkiye?

Wyndham is the largest international hotel group in Türkiye by number of properties.

How many inbound visitors did Türkiye receive in 2022?

Türkiye received over 51 million inbound visitors in 2022.

What is Wyndham's target for travellers in Türkiye in 2023?

Wyndham targets 60 million travellers in Türkiye in 2023.

How many additional hotels does Wyndham have in its Türkiye development pipeline?

Wyndham has a development pipeline of approximately 20 additional hotels in Türkiye.