Wyndham Expects 180 Hotel Openings in Asia This Year

The video discusses Wyndham Hotels' performance and strategies during 2020, a challenging year due to COVID-19. Despite the pandemic, Wyndham achieved significant growth and plans further expansion in 2021. The company employs a two-pronged strategy focusing on established and new brands. It addresses COVID-19 impacts, emphasizing safety protocols and collaboration with partners. The video also covers risks, competition, and market performance, highlighting China's strong recovery.

What was Wyndham Hotels and Resorts' achievement in 2020 despite the pandemic?

• They closed several hotels.

• They stopped all expansion plans.

• They opened more than 120 hotels.

• They reduced their global presence.

What is the two-pronged strategy of Wyndham Hotels and Resorts?

• Focusing only on new brands.

• Expanding only in Europe.

• Growing established brands and introducing new ones.

• Reducing the number of brands.

How is Wyndham addressing the impact of COVID-19 on occupancy?

• By closing hotels temporarily.

• By reducing staff.

• By implementing best practices for safety and profitability.

• By increasing room rates.

What is a key factor in Wyndham's confidence in their long-term strategy?

• Short-term profits.

• Temporary setbacks.

• Long-term investment in hospitality.

• Reducing hotel numbers.

How does Wyndham view competition from disruptors like Airbnb?

• As a way to improve their own strategies.

• As a threat to their existence.

• As irrelevant to their market.

• As a reason to stop expanding.

Which market is showing the strongest performance for Wyndham?

• Europe

• China

• United States

• Australia

What is Wyndham's approach to working with hotel owners?

• Reducing collaboration with owners.

• Ignoring owner feedback.

• Taking an owners-first mindset.

• Focusing only on their own profits.