Exhibit 99.1
Wyndham Worldwide Updates Financial Plans
PARSIPPANY, N.J. (February 16, 2009) – Wyndham Worldwide Corporation (NYSE:WYN) today announced it
is withdrawing its intention to enter into an at-the-market equity sales program and will not enter
into a distribution agreement or file a related prospectus supplement.
“We have reconsidered our plans for issuing up to $200 million of equity. The market reaction to
our announcement was strongly negative, and we appreciate the feedback from our shareholders,” said
Stephen P. Holmes, Chairman and CEO of the Company. “Our intention with the plan was to further
support our credit ratings and optimize our access to the debt markets in the future. There is no
need to issue equity and, therefore, we will not file a prospectus supplement. We will continue to
actively manage the business to maximize cash flow from operations and strengthen our financial
position. We have adequate liquidity to meet the operating needs of the business.”
About Wyndham Worldwide
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 7,040 franchised hotels and approximately 592,900
hotel rooms worldwide. Group RCI offers its nearly 3.7 million members access to more than 73,000
vacation properties located in approximately 100 countries. Wyndham Vacation Ownership develops,
markets and sells vacation ownership interests and provides consumer financing to owners through
its network of over 150 vacation ownership resorts serving over 830,000 owners throughout North
America, the Caribbean and the South Pacific. Wyndham Worldwide, headquartered in Parsippany, N.J.,
employs approximately 27,000 employees globally.
For more information about Wyndham Worldwide, please visit the Company’s web site at
www.wyndhamworldwide.com.
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
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