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Wyndham Enhances Position in South Korea with First Managed Hotel Opening

Business

Wyndham Enhances Position in South Korea with First Managed Hotel Opening
Business

Business

Wyndham Enhances Position in South Korea with First Managed Hotel Opening

2026-01-13 10:15 Last Updated At:10:35

Accelerates growth with new signings in Seoul and Busan

SINGAPORE, Jan. 13, 2026 /PRNewswire/ -- Wyndham Hotels & Resorts is stepping up its expansion in South Korea, opening its first managed hotel and adding two new development projects as it seeks to build scale in a market rebounding faster than much of Northeast Asia.

The company recently opened the 529-room Wyndham Goseong Gangwon, near Seoraksan National Park, and has signed agreements for Howard Johnson by Wyndham Seoul, expected to open in 2028, and Wyndham Busan, slated for 2030.

Wyndham's expansion comes as South Korea's tourism sector continues to rebound, supported by resilient domestic travel and a steady recovery in international arrivals. According to the Korea Tourism Organization, the country recorded 15.821 million inbound visitors between January and October, a 15.2% increase from a year earlier. Industry executives expect international demand to continue improving into 2025, supporting increased investment in branded accommodation across urban and resort markets.

"South Korea's booming tourism market presents a compelling opportunity for Wyndham, which is why we're focused on strategic expansion and strengthening our presence through high-caliber additions like Wyndham Goseong, Gangwon. With global scale, an industry-leading loyalty platform, and deep local expertise, Wyndham has a proven record of helping owners not only drive performance, but generate long-term value while delivering exceptional guest experiences."

— Ben Schumacher, Regional Vice President, Operations, APAC, Wyndham Hotels & Resorts

Wyndham Goseong, Gangwon: A Coastal Retreat for Relaxation and Events

The opening of Wyndham Goseong, Gangwon marks Wyndham's first managed hotel in South Korea and a key milestone in the Company's local operations. Located adjacent to Bongpo Beach and Seoraksan National Park, the 529-room, ocean-view property is designed to serve leisure travelers, families, and MICE groups.

Over the past two years, Wyndham has expanded its footprint in South Korea through new brands and operating models, including the introduction of Wyndham Grand in 2023 and more recently, Trademark Collection by Wyndham in 2024. These additions build on an established portfolio of 30 hotels with more than 9,200 rooms across brands such as Days Inn®, Howard Johnson®, Ramada Plaza®, Ramada®, Ramada Encore®, Ramada Hotel & Suites®, Wyndham Grand® and Trademark Collection®, enabling Wyndham to serve diverse traveler segments while supporting owners with scalable, globally recognized brands.

 

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Wyndham Enhances Position in South Korea with First Managed Hotel Opening

Wyndham Enhances Position in South Korea with First Managed Hotel Opening

HERZOGENAURACH, Germany and SINGAPORE, Jan. 13, 2026 /PRNewswire/ -- Schaeffler, the leading motion technology company, announced the appointment of Maximilian Fiedler (38) as Regional CEO, Asia/Pacific, effective 1 January 2026. In this role, he will also be part of the Executive Board of Schaeffler Group, representing the region.

Mr. Fiedler has been serving as the Chief Financial Officer, Region Asia/Pacific, since 2022. In June 2025, Maximilian Fiedler assumed the position as Regional CEO Asia/Pacific on a temporary basis in addition to his role as CFO Asia/Pacific.

Mr. Fiedler has been with Schaeffler since 2012 and has held several senior leadership roles, including Head of External Reporting for Schaeffler Group and Chief Financial Officer for Schaeffler Mexico. Before joining Schaeffler, Mr. Fiedler was Treasury Manager for HeidelbergCement AG.

Klaus Rosenfeld, CEO of Schaeffler AG, said: "We are delighted to appoint Maximilian to drive our business in the Asia Pacific region. Maximilian has continuously demonstrated exceptional commitment to Schaeffler. We are confident, he will continue to inspire and steer our company towards sustained success."

Maximilian Fiedler, Regional CEO Asia/Pacific, said: "I am honored to be entrusted with this position, and I look forward to working with our talented team to build on our achievements in the region, drive deeper engagement with our customers and deliver lasting value to all our stakeholders."

Schaeffler Group – We pioneer motion
The Schaeffler Group has been driving forward groundbreaking inventions and developments in the field of motion technology for over 75 years. With innovative technologies, products, and services for electric mobility, CO₂-efficient drives, chassis solutions and renewable energies, the company is a reliable partner for making motion more efficient, intelligent, and sustainable – over the entire life cycle. Schaeffler describes its comprehensive range of products and services by means of eight product families: From bearing solutions and all types of linear guidance systems through to repair and monitoring services. Schaeffler is with around 110,000 employees and more than 250 locations in 55 countries, one of the world's largest family-owned companies and one of Germany's most innovative companies.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Schaeffler appoints Maximilian Fiedler as Regional Chief Executive Officer Asia/Pacific

Schaeffler appoints Maximilian Fiedler as Regional Chief Executive Officer Asia/Pacific

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