Wyndham Positions Itself for International Expansion in 2022
Skift Take
Wyndham plans to throttle its recovery forward with a wave of international openings this year. The uncertain factor is if investors want this, given the company's resilience during the pandemic stemmed from domestic travel demand.
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Sunday, Feb. 20DiamondRock Hospitality reported slightly better than expected 4Q results. DRH said 2022 started with January revenue down -23% from 2019 levels but ADR was once again the strong point, up 20% from January 2019.
Park Hotels reported stronger than expected 4Q results. PK also said a credit facility amendment should allow for covenant relief, share repurchases, more asset sales and they also will be restarting a modest dividend soon.
On the heels of its 2021 merger, Benchmark Pyramid has finished the year well positioned for future growth. The combined company added nine hotels and resorts to its portfolio in the last two months of 2021 along, bringing its total to more than 240 properties in the U.S., Europe and the Caribbean. Benchmark Pyramid’s recent additions over the last three months span the U.S. and U.K. and total over 2,800 keys. Among the most notable is assuming management of the La Quinta Resort and Club in California’s Palm Springs market. Other significant additions include two Florida hotels, Pullman Miami Airport and Marriott Fort Lauderdale North; two hotels near the
