Ramada Expands Hotels In India As Tourism Grows

Chender Baljee, Royal Orchid chairman, said his company would invest 5 billion Indian rupees, or about $100 million, to build four-star-quality Ramada hotels during the next three to four years.

Steven. A. Rudnitsky, Wyndham Hotel Group president and chief executive officer, said India represents a "significant, ongoing opportunity" for hotel development in the Asia-Pacific region. He said a recent
PricewaterhouseCoopers report indicates the India market will require up to 125,000 new hotel rooms in India during the next five years.

"With international tourism receipts of $5.7 billion and a record 3.9 million foreign visitors in 2005, India is critically important to our Asia-Pacific development plans," Rudnitsky said. "The agreement with Royal Orchid Hotels enables us to accelerate the expansion of our Ramada brand in the Indian market."

Wyndham Hotel Group franchises Ramada, Days(R) and Howard Johnson(R) hotels in India. Royal Orchid Hotels is one of the largest lodging chains in Bangalore. The company, established in 1973, operates four hotels: Hotel Royal Orchid, Royal Orchid Central, Royal Orchid Harsha in Bangalore and Royal Orchid Metropole in Mysore.

As one of the world's largest hospitality companies, Wyndham Worldwide offers individual consumers and business-to-business customers a broad suite of hospitality products and services across various accommodation alternatives and price ranges through its premier portfolio of world-renowned brands. Wyndham Hotel Group encompasses more than 6,400 franchised hotels and approximately 534,000 hotel rooms worldwide.

RCI Global Vacation Network offers its nearly 3.4 million members access to approximately 63,000 vacation properties located in more than 100 countries. Wyndham Vacation Ownership develops, markets and sells vacation ownership interests and provides consumer financing to owners through its network of more than 140 vacation ownership resorts serving more than 750,000 owners throughout North America, the Caribbean and the South Pacific. Wyndham Worldwide, headquartered in Parsippany, N.J., employs approximately 28,800 employees globally.

Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, conveying management's expectations as to the future based on plans, estimates and projections at the time the Company makes the statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

The forward-looking statements contained in this press release include statements related to trends for the Company's revenues, earnings, margins and related financial and operating measures, the number of hotels and resorts the Company intends to add in future periods, debt levels, share repurchases and rebranding initiatives.

You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Factors that could cause actual results to differ materially from those in the forward looking statements include general economic conditions, the economic environment for the hospitality industry, the impact of war and terrorist activity, operating risks associated with the hotel, vacation exchange and rental and vacation ownership businesses, the timing and amount of share repurchases, as well as those specified in the Company's

Quarterly Report on Form 10-Q, filed August 18, 2006, including under headings "Risk Factors," "Forward-Looking Statements" and "Management's Discussion and Analysis of Financial Condition and Results of Operations." Except for the Company's ongoing obligations to disclose material information under the federal securities laws, it undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events.

SOURCE Wyndham Hotel Group