Baymont Brand Booming After Just 10 Years with Wyndham Hotel Group
Wyndham Hotel Group’s fastest-growing brand defies expectations with record growth in 2015, robust outlook for 2016
PARSIPPANY, N.J. -- Wyndham Hotel Group is marking the 10th anniversary of its fastest-growing brand, Baymont Inn & Suites, a midscale, limited-service brand focused on good, old-fashioned service.
Since being acquired in 2006, Baymont has more than tripled in size and, at 410 hotels strong, continues to grow exponentially. Recent milestone openings, including its 400th hotel and first hotel in Mexico, marked an unprecedented 2015 and landed Baymont on Entrepreneur Magazine's Top Fastest Growing Franchises of the Year in 2016.
Baymont has resonated with hoteliers from the beginning. Nearly 30% of Baymont owners have been with the brand since the acquisition and 50% of the brand's 2006 locations still remain Baymont hotels. More than 20% of the brand's franchisees own multiple Baymont hotels.
"Baymont is no longer the underdog the industry once thought it was," said Greg Giordano, the brand's vice president of operations. "We've defied the odds by growing steadily for a decade, proving that welcoming service is timeless. I've been with Baymont every step of the way and I know, as do our owners, that this brand has staying power."
The momentum continues in 2016 thanks to record growth – more than 50 hotels joined the brand in 2015 alone - and an interior prototype design that contains elements of community while offering cost efficiencies for owners. Baymont has more than 40 hotels already in the pipeline for 2016 and plans to open new construction hotels under the prototype design in Midland, Texas and Long Island City, New York later this year.
With hotels in 43 states, Baymont is on a quest to conquer its homeland while expanding across borders. The brand has set its sights on the remaining 7 states (Alaska, Hawaii, Maryland, Maine, Massachusetts, Oregon and Rhode Island), and is looking forward to further expansion in Canada later this year.
"My first Baymont property was a conversion property from AmeriHost when Wyndham Hotel Group merged the two brands – back then I was probably the last guy that wanted to be become a Baymont because it was a small, unknown brand, but I'm glad I made the right decision," said Ketan Patel, owner of the Baymont Inn & Suites Muskegon, in Muskegon, Michigan. "Over the last 10 years my family has grown to a handful of properties and Baymont is always our first choice. I see myself growing even further with the brand over the next 10 years."
Baymont has cornered the market on genuine, old-fashioned service, coining a culture of 'hometown hospitality' aimed to make guests feel like they're in familiar territory when they're away from home. Many Baymont owners and their employees are true hometown hoteliers, residing in the very same communities where their hotel is located.
"Our hotels are mostly in small towns where most of our team members have lived for years. They are proud to be part of the hotel and proud to represent a brand like Baymont in their hometown to guests from all over the world," said Tony Maness, vice president of Channel Point, which operates 16 Baymont hotels.
Acquired in 2006, Baymont Inn & Suites was originally established in Oshkosh, Wisconsin, as an economy brand under the name 'Budgetel.' After a series of evolutions, the brand inched out of its segment and was re-positioned as midscale under the name Baymont Inn & Suites, meaning 'from the bay to the mountains.' The name reflected a lofty ambition for a brand which at the time was confined to the Great Lakes region of the U.S. With Wyndham Hotel Group, the 126-hotel brand grew exponentially thanks to a merger with the former AmeriHost brand, adding more than 50 hotels in a span of three years, and steady, progressive growth ever since.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world's largest hotel franchising company by the number of properties, with approximately 9,200 hotels across over 95 countries on six continents. Through its network of approximately 872,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 24 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. The Company's award-winning Wyndham Rewards loyalty program offers over 106 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
The Company may use its website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Disclosures of this nature will be included on the Company's website in the Investors section, which can currently be accessed at www.investor.wyndhamhotels.com. Accordingly, investors should monitor this section of the Company's website in addition to following the Company's press releases, filings submitted with the Securities and Exchange Commission and any public conference calls or webcasts.
About Wyndham Rewards
Named the number one hotel rewards program by readers of USA TODAY, Wyndham Rewards® is the world's most generous rewards program with more than 50,000 hotels, vacation club resorts and vacation rentals worldwide.
Designed for the everyday traveller, members earn a guaranteed 1,000 points with every qualified stay and may redeem points for a wide range of rewards, including free nights at any of the approximately 9,100 hotels or tens of thousands of vacation club resorts and vacation rentals globally through affiliation with Wyndham Destinations and others. Wyndham Rewards has over 103 million enrolled members globally. Join for free today at www.wyndhamrewards.com. You've earned this. ®
