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Colin Tessier

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Wyndham CEO Highlights Past Success During Downturns Amid Economic Uncertainty

📈 Economic uncertainty looms, but Wyndham Hotels & Resorts reported a 13% increase in global hotel openings and 181 development contracts in Q1. At the Wyndham Global Conference in Las Vegas, CEO Geoff Ballotti highlighted initiatives to mitigate tariff impacts through onshoring and cost-sharing with suppliers. Echo Suites, with 275 contracts and 16 projects underway, exemplifies growth. Despite recession concerns, Wyndham's historic performance during downturns boosts optimism. Labor costs, notably in Texas, have decreased, enhancing construction viability.
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Wyndham Global Conference Highlights Ownership Initiatives and Hotel Performance

💻 Geoff Ballotti, CEO of Wyndham Hotels & Resorts, led discussions at the Global Conference in Las Vegas on May 20, highlighting tech upgrades like Wyndham Connect PLUS. Initially launched in July 2024, the platform now integrates AI to enhance guest experiences and increase profits. Key features include AI-powered voice agents, direct messaging, and QR code check-ins. Wyndham's growth strategy includes new initiatives, with 254,000 rooms in the pipeline and 14,800 rooms opened recently.
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