PARSIPPANY, N.J. — Wyndham Resorts & Resorts (NYSE: WH) at the moment introduced that it has achieved a number of main milestones in its integration of La Quinta by Wyndham. Following final week’s migration off of legacy expertise methods, La Quinta’s greater than 900 accommodations at the moment are working on the identical central reservation, property administration, loyalty, digital and call-center platforms as Wyndham’s 19 different lodge manufacturers.
This migration of La Quinta methods had been within the planning and testing phases for months, but it surely was applied over a ten-hour interval final week by a big cross-functional staff from Wyndham and its expertise companions. As a result of it concerned the simultaneous transition of La Quinta’s reservations software program, customer-facing web sites and property administration system for greater than 900 accommodations, the Firm believes it was one of many largest same-day methods migrations within the historical past of the hospitality business.
On account of this transition, company can now browse and guide La Quinta accommodations on Wyndham’s highly-integrated digital platform, WyndhamHotels.com, which options the entire accommodations throughout the portfolio and affords participating loyalty and account administration options. As well as, Wyndham Rewards members are assured to earn a minimal of 1,000 factors on each certified keep, obtain elite standing after solely 5 qualifying nights, get pleasure from free evening stays at Wyndham Rewards taking part accommodations beginning at simply 7,500 factors, and luxuriate in one of many largest and most numerous redemption portfolios within the business, with over 30,000 redemption accommodations, trip membership resorts, and trip leases worldwide. Lastly, La Quinta franchisees now have improved reservation distribution, real-time charge administration, stronger information safety, elevated methods stability, and decrease up-front expertise prices.
“We’re extraordinarily pleased with our groups’ super effort to perform this monumental transition, and we’re excited to provide La Quinta franchisees entry to our state-of-the-art, cloud-based expertise platform and to welcome La Quinta loyalty members to Wyndham Rewards,” mentioned Geoff Ballotti, president and chief government officer, Wyndham Resorts & Resorts. “We’re assured that franchisees will acknowledge the soundness, safety and elevated international distribution of our expertise platform, and that La Quinta Returns members will recognize the simplicity and generosity of our world-class Wyndham Rewards loyalty program.”
The profitable methods cut-over offers Wyndham Resorts additional confidence in its skill to ship $60 to $70 million of annual synergies from La Quinta and in its skill to succeed in that degree of synergies within the second half of 2019, simply over a 12 months after Wyndham’s Might 2018 acquisition of La Quinta.
About Wyndham Resorts & Resorts
Wyndham Resorts & Resorts (NYSE: WH) is the world’s largest lodge franchising firm, with roughly 9,200 accommodations throughout greater than 80 nations on six continents. Via its community of roughly 810,000 rooms interesting to the on a regular basis traveler, Wyndham instructions a number one presence in each the financial system and midscale segments of the lodging business. The Firm operates a portfolio of 20 lodge manufacturers, together with Tremendous 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Wingate®, AmericInn®, Hawthorn Suites®, The Trademark Assortment®, and Wyndham®. Wyndham Resorts & Resorts can also be a number one supplier of lodge administration companies, with greater than 400 properties beneath administration. The Firm’s award-winning Wyndham Rewards® loyalty program affords greater than 70 million enrolled members the chance to redeem factors at tens of hundreds of accommodations, trip membership resorts and trip leases globally. For extra info, go to www.wyndhamhotels.com.
Ahead-Trying Statements This press launch accommodates “forward-looking statements” throughout the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended. Ahead-looking statements embrace those who convey administration’s expectations as to the long run based mostly on plans, estimates and projections on the time Wyndham Resorts makes the statements and could also be recognized by phrases resembling “will,” “anticipate,” “imagine,” “plan,” “anticipate,” “intend,” “purpose,” “future,” “estimate” and comparable phrases or expressions, together with the damaging model of such phrases and expressions. Ahead-looking statements contain identified and unknown dangers, uncertainties and different elements, which can trigger the precise outcomes, efficiency or achievements of Wyndham Resorts to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. The forward-looking statements contained on this press launch embrace statements associated to Wyndham Resorts’ present views and expectations with respect to the mixing of La Quinta.
You might be cautioned to not place undue reliance on these forward-looking statements, which communicate solely as of the date of this press launch. Elements that might trigger precise outcomes to vary materially from these within the forward- trying statements embrace with out limitation common financial situations, the efficiency of monetary and credit score markets, the financial surroundings for the hospitality business, working dangers related to the lodge franchising and administration companies, the influence of battle, terrorist exercise or political strife, dangers associated to our spin-off as a newly unbiased firm, dangers associated to the acquisition and integration of La Quinta, dangers associated to our skill to acquire financing and the phrases of such financing, and the timing and quantity of future share repurchases and dividends, in addition to the dangers described in Wyndham Resorts’ Annual Report on Kind 10-Ok filed with the Securities and Change Fee on February 14, 2019. Besides as required by legislation, Wyndham Resorts undertakes no obligation to publicly replace or revise any forward-looking statements, whether or not because of new info, subsequent occasions or in any other case.