Why Wyndham isn't necessarily much of a hotel business


Skift Take

While some hotel companies are worried about disruptive vacation rentals, Wyndham did $125 million in the sector in the fourth quarter. While vacation rental revenue was flat and rates were down, Wyndham has a big hedge against that disruption.

Wyndham Worldwide's hotel system includes 7,340 properties with 627,400 rooms, and it was the healthiest -- but smallest -- part of the company's business in the fourth quarter. As large as its hotel business undoubtedly is, when you think Wyndham, don't necessarily think "hotels." Despite Wyndham's 17 hotel brands, ranging from its namesake Wyndham Hotels and Ramada to Travelodge, the largest component of Wyndham Worldwide's business by far is Wyndham Vacation Ownership. And, over the last three years, it has become an even larger part of Wyndham's overall business, accounting for more than half of revenue. Pushed along by RevPar