Wyndham signs three in China
Wyndham Hotel Group signs three properties in China. The 400-room Wyndham Sanya Bay on Hainan Island is scheduled to open in late 2015, the 200-room Wyndham Hainan Qingshui Bay Resort in late 2017 and the 300-room Wyndham Grand Huangshan Taiping Lake in early 2019.
As of March 31, the company had approximately 900 hotels and more than 100,000 rooms in the country, with an active development pipeline of more than 135 hotels and over 26,000 rooms.
?The rapid growth of China’s tourism industry has created a heightened demand for hotels and offers huge potential for us to expand the presence of our brands in stunning locations country-wide,? says Leo Liu, Wyndham Hotel Group’s president and managing director for China.
?We expect significant growth for our upscale Wyndham Hotels and Resorts brand in emerging markets, especially in rising regional economic hubs, leisure locations and nature resort locations. The signings of these three hotels perfectly matches the growing market demand and offers enormous potential for property owners.?