PARSIPPANY, N.J., Feb. 19, 2016 /PRNewswire/ -- With a focus on its core values, commitment to communities, and consistently delivering strong solid financial results, Wyndham Worldwide (NYSE: WYN) was recently named to the FORTUNE World's Most Admired Companies 2016 list. This is the seventh time the global hospitality company made the list.
"As one of the largest and best performing hospitality companies in the world, we have developed a culture committed to innovation and doing business in a way that our associates, shareholders, guests and partners can be proud of, " said Stephen P. Holmes, chairman and CEO, Wyndham Worldwide. "This recognition is a direct result of the dedication and hard work of our associates around the world who deliver great experiences for our guests and bottom-line results for our shareholders every day."
Based on responses from thousands of survey participants, the companies featured on the World's Most Admired list represent the pinnacle of excellence in nine key performance areas including global competitiveness, corporate assets, investment value and social responsibility.
Wyndham is dedicated to using its hospitality expertise, global footprint and talent to act as positive agents of change and is committed to aligning its growth, performance and innovation with a responsible approach to the communities where the Company operates. In 2015, Wyndham announced it met its goal to reduce carbon and energy usage by 20% by 2020 – six years ahead of schedule and has a new goal to reduce carbon and water usage by 25% by 2025.
In addition, last year, Wyndham Worldwide was named as a World's Most Ethical Company by the Ethisphere Institute, recognized as one of the Top 50 Companies for Diversity by DiversityInc and named to the Hispanic Association on Corporate Equality's Corporate Inclusion List for the fourth year. The Company has also been named a Great Place to Work® by the Great Place to Work Institute in Ireland, Mexico, United Kingdom, and Uruguay, and has also been recognized as a Best Place to Work in New Jersey, Florida, Indiana, and Nevada.
About the FORTUNE Most Admired List
The Most Admired list is the definitive report card on corporate reputations. FORTUNE'S survey partners at Korn Ferry Hay Group started with approximately 1,500 companies: the Fortune 1,000—the 1,000 largest U.S. companies ranked by revenue—and non-U.S. companies in Fortune's Global 500 database with revenues of $10 billion or more. Korn Ferry Hay Group then selected the 15 largest for each international industry and the 10 largest for each U.S. industry, surveying a total of 652 companies from 30 countries. To create the 54 industry lists, Korn Ferry Hay Group asked executives, directors, and analysts to rate companies in their own industry on nine criteria, from investment value to social responsibility. A company's score must rank in the top half of its industry survey to be listed.
About Wyndham Worldwide Corporation
One of the world's largest hospitality companies, Wyndham Worldwide (NYSE: WYN) provides a wide range of hospitality services and products through its global portfolio of world-renowned brands. The world's largest hotel company based on the number of properties, Wyndham Hotel Group is home to many of the world's best-known hotel brands, with over 7,800 franchised hotels and 678,000 hotel rooms worldwide. Wyndham Destination Network is the world's largest provider of professionally managed, unique vacation accommodations with more than 112,000 vacation properties in over 100 countries, sending more than 13 million people annually to their desired destinations through its trusted, diverse network of brands. The industry and timeshare ownership market leader, Wyndham Vacation Ownership develops, markets, and sells vacation ownership interests and provides consumer financing to owners through its network of over 210 vacation ownership resorts serving approximately 897,000 owners throughout the United States, Canada, Mexico, the Caribbean, and the South Pacific. Based in Parsippany, NJ, Wyndham Worldwide employs approximately 38,000 associates globally. For more information, please visit www.wyndhamworldwide.com.
SOURCE Wyndham Worldwide