Today’s company is benefiting as folks get more comfortable taking trips again…
Much like with entertainment, the pandemic crushed the travel industry. Between mandated restrictions and people choosing to stay at home, the entire industry suffered.
But as more people get vaccinated, they feel safer doing everyday things like traveling again. And that’s great news for hotel and resort operators…
Wyndham Hotels and Resorts (WH) is the world’s largest hotel franchising company. It has more than 9,000 hotels in 95 countries – with familiar names like its namesake Wyndham, as well as La Quinta and Ramada.
And as travel picks up, Wyndham’s business is recovering… In the most recent quarter, Wyndham reported net income of $68 million versus a loss of $174 million year over year. And president and CEO Geoffrey Ballotti said that increased demand from business and leisure travelers allowed the company to raise its dividend by 50%.
WH shares are in an uptrend – up 280% from their 2020 lows. They recently hit a new all-time high. And as things inch back to “normal,” that trend should continue…
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Source: Daily Wealth’s Market Notes