Wyndham Hotels Makes It Two Quarters in a Row for Profits
Photo Credit: Wyndham gains profit for the second quarter in a row as travel demand increases. Flickr / Tony Webster
Skift Take
Propped up by a pent-up demand to travel and propelled by growing brand conversions, Wyndham looks to be on the path to a strong recovery locally. Its only worries would be the Delta variant that could possibly reinstate travel restrictions internationally.
The demand for consumer vacation and the pent-up need to travel aided Wyndham Hotels and Resorts in maintaining its profitability for two quarters in a row amidst the lingering global pandemic.
Drive-to, leisure, and even essential business travel enabled Wyndham to show occasional flickers of profitability during the pandemic: once last year and even during the first quarter of this year amid the winter surge of new cases in the U.S.
The second quarter saw a profit of $68 million, an improvement upon the first quarter, when Wyndham reported a $24 million profit following $132 million annual loss for 2020 due to the pandemic.
In a response to when the company would be back to pre-pandemic levels, Wyndham CEO Geoff Ballotti, during an earnings call, responded, “There's no reason in terms of 2022 that that we couldn't be back.”
Revenue-per-available-room or RevPAR, the hotel industry’s key performance metric, increased 110 percent compared to second quarter 2020, but wa
