Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,100 hotels spanning more than 95 countries, today announced the continued expansion of its innovative ECHO Suites Extended Stay by Wyndham brand, which in just one year, now has more than 200 hotels in its development pipeline.
Rapidly outpacing initial growth expectations, the developer-driven brand caters to the extended-stay market, which continues to outperform all other industry segments. Late last year, the brand broke ground on its first three hotels and nearly two dozen more ground breaks are expected for this year. The first ECHO Suites hotel is on track to open by the end of this year with additional hotels fast following in 2024.
Chief development officer of Wyndham Hotels & Resorts, Chip Ohlsson said that the success of ECHO has been phenomenal, showcased by the fact it is the largest brand launch in the history of Wyndham.
“Its rapid growth is a testament to the power that comes with the scale and resources of the world’s largest hotel franchising company and what can happen when brands take the time to truly engage and understand the needs of the development community,” said Ohlsson.
The arrival of ECHO Suites coincides with historic infrastructure investments in the United States, including $1.2 trillion in approved funding as part of the 2021 Infrastructure and Jobs Act, the largest in the nation’s history. Concentrated on repairing the nation’s major roads and highways, bridges, airports and rail system, among other investments. Wyndham and its brands are already seeing a lift as a result of investments made to grow its share, with general infrastructure-related revenues up more than 20 percent in the fourth quarter of 2022, the seventh-consecutive quarter of double-digit growth.
