Wyndham Hotels Maps Out Growth Plans in First Earnings Call Since Spinoff
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Having finally stepped out on its own, Wyndham Hotels is in pursuit of what every major hospitality company is today: more scale, improved guest experiences, and more bookings.
In its first earnings call reporting as an independent company, Wyndham Hotels & Resorts said it's hyper focused on continuing to grow while solidifying its brand identity.
During a conference call with investors on Wednesday, Wyndham Hotels CEO Geoff Ballotti laid out the company's future strategy and vision. Wyndham completed its spinoff of Wyndham Destinations on June 2, leaving the hotel business as a standalone..
Ballotti described Wyndham as the largest hotel franchiser in the world, leading in the economy and midscale categories, with a total of 20 brands that welcome a half million guests to their hotels every night. He said that currently, a third of Wyndham's hotels and 20 percent of its royalty fees come from outside the U.S. and that the company intends to grow, both organically and through mergers and acquisitions, both domestically and internationally going forward.
As for potential future acquisition targets, Ballotti said, "There are stil
