On May 19, Wyndham Hotel Group released the latest news that although the spread of the epidemic hindered the progress of the project, the group will continue to expand its global investment portfolio, planning to open 128 hotels in the next few years, an increase of nearly 30,000 rooms Guest rooms, and focus on development in the Asia-Pacific regional market.
Among all the planned hotel projects, 56 hotels are scheduled to open this year, and the number of new rooms will be 12,241. However, the outbreak of the epidemic has caused these projects to be postponed, even to next year. In addition, there are currently 31 hotels planned to open in 2021, and it is expected to build 6,995 rooms. Another 17 hotels are scheduled to open in 2022, and 24 hotels are scheduled to open in 2023 and beyond.
At the same time, Wyndham stated that it will expand its business in the Asia-Pacific market as part of the Group's future growth strategy. In the next few years, 70 new hotel projects will be opened in the Asia-Pacific region, and the number of rooms will reach 16,304. Second, in the South American market, 21 new hotel projects will be added, and the number of rooms will increase by 3832. In the North American market, 15 hotel projects will be added, and the number of rooms will increase by 4,400. In addition, it has also steadily deployed in the Middle East market, European market and African market, adding 10, 7 and 5 hotel projects respectively.
According to the data, among all the developed regional markets, the Chinese market tops the list with 31 hotels under construction (7608 rooms). Argentina ranked second with 12 planned hotels (1,046 rooms), followed by the United States with 10 planned hotels (3009 rooms).
In addition, Wyndham's Ramada hotel brand became the fastest-growing brand in the group with 43 hotels and 8,035 rooms. In addition, it also includes: 33 new hotel projects with a total of 12,397 rooms in the group's brand of the same name-Wyndham Hotels and Resorts; 23 new hotel projects with a total of 2,358 rooms in Howard Johnson Hotels; 11 hotel projects such as Wyndham Garden Hotel.
