Travel rebound will keep spurring these two

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, $71.33, is suitable for your new buying. The company (New York symbol WH; TSINetwork Rating: Extra Risk) (www.wyndhamhotels.com; Shares o/s: 88.3 million; Market cap: $6.4 billion; Dividend yield: 1.8%) is the world’s largest hotel franchiser, with 836,000 rooms spread across 9,100 hotels in more than 95 countries. Its portfolio of 23 brands includes Super 8, Days Inn, Ramada, La Quinta and Wyndham. In September 2022, Wyndham completed its acquisition of the Vienna House brand for $44 million. The brand caters to the midscale and upscale markets. It has more than 40 hotels and 6,400 rooms. Wyndham’s revenue in the quarter ended September 30, 2022, fell 12.1%, to $407 million from $463 million a year earlier. The year-ago quarter included $34 million from the company’s…