Travel rebound spurs these two leaders

Article Excerpt

The coronavirus pandemic forced the cancellation of most vacation plans. However, the reopening of the economy has spurred strong demand for travel—and both Wyndham, and Travel + Leisure should benefit from that surge. We see each as a buy. WYNDHAM HOTELS & RESORTS, $66.17, is suitable for your new buying. The company (New York symbol WH; TSINetwork Rating: Extra Risk) (www.wyndhamhotels.com; Shares outstanding: 85.9 million; Market cap: $5.6 billion; Dividend yield: 2.1%) is the world’s largest hotel franchiser, with 845,000 rooms spread across 9,100 hotels in 95 countries. Its portfolio of 23 brands includes Super 8, Days Inn, Ramada, La Quinta and Wyndham. It has two new brands introduced in 2021: the Registry Collection Hotels, its first luxury brand, and Wyndham Alltra, its first all-inclusive brand. Wyndham’s revenue in the quarter ended March 31, 2023, fell 2.5%, to $308 million from $316 million a year earlier. The year-ago quarter included $38 million from the company’s now-sold low-cost hotel management business and associated hotels. Earnings fell 14.8%, to…