Skift Take
Looking ahead, Wyndham executives said they weren't concerned about competition from Marriott, Hilton, and Hyatt in the extended-stay segment because they believe their model is aimed at delivering a more affordable product with lower costs for developers.
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.
"Second quarter trends in the U.S. represented a moderation of the robust leisure travel growth we saw last year, which largely favored select service hotels," said Michele Allen, chief financial officer, in a call with analysts. "Now, as travel habit