Wyndham Achieves Pandemic Rarity for Hotel Industry: Profitability

At least one comeback kid has emerged for the hotel industry during what many expect to be the worst year on record for the travel industry. Wyndham Hotels & Resorts posted a $27 million third quarter profit, the company reported after stock markets closed Wednesday. Don’t mistake profitability with a sign the pandemic is in the past, however. The global hotel industry continues to see major declines in occupancy compared to last year and faces the threat of second and third-wave coronavirus case surges around the world. But Wyndham’s portfolio largely caters to the kind of travel guests still feel comfortable with during a pandemic: drive-to, leisure, and even critical business travel. “As a lodging leader for these everyday business travelers, we are not reliant on air travel, international inbound, or large convention-based corporate travel, which is one reason why our business is uniquely positioned to continue to outperform,” said Wyndham CEO Geoff Ballotti on