Wyndham Hotel Group is set to triple its current portfolio of 13 hotels in Korea in Incheon, Yongin, Daejeon and Kimpo.
The franchise agreements will include brands such as Ramada, Days Inn and Howard Johnson, adding 2,008 to its room count.
The newly acquired hotels will boost Wyndham’s construction pipeline to 27 hotels, adding 8,670 rooms to the group’s portfolio. The five hotels – Howard Johnson Incheon Airport, Days Hotel Incheon Airport, Ramada Encore Yongin, Ramada Daejeon and Ramada Encore Kimpo are still in construction and are expected to open by 2018.
Barry Robinson, president and managing director of Wyndham Hotel Group South East Asia and the Pacific Rim said: “This is a timely opportunity for us to magnify our presence in Korea; an analysis of hotel demand and supply has shown that there will be a growing shortage of hotel rooms as demand for inbound travel into Korea continues to increase.”
“We are aiming to triple our portfolio of hotels in Korea in the next two years and will continue to look for any opportunity to grow our brands offering our guests more choices and more reasons to stay with us across the globe,” said Mr Robinson.