Michele Allen travel tips

Middle-income consumers paid premiums for hotel rooms as pent-up demand and savings boosted people’s taste for travel post-pandemic. Wyndham Hotels & Resorts, the world’s largest hotel franchisor — whose brands mostly target these consumers — enjoyed quarter-after-quarter of room rate gains throughout 2022.

Wyndham‘s executives saw March 11 as a fresh start for their hotel franchising company – that was the day Choice Hotels abandoned its hostile merger bid.

Wyndham‘s executives believe that investor concerns that the U.S. banking crisis will hurt its hotel development are groundless.

Good morning from Skift. It’s Friday, April 28. Here’s what you need to know about the business of travel today.

Wyndham Hotels & Resorts reported on Thursday that it saw weaker profitability in the second quarter. The operator of hotels with about 851,500 rooms worldwide faced tough year-over-year comparisons. Its portfolio skews toward affordable roadside hotels, which benefited especially strongly in the immediate months of the pandemic easing.

Good morning from Skift. It’s Friday, July 28. Here’s what you need to know about the business of travel today.