Wyndham Hotels’ Instant Group Booking Windows
Photo Credit: The Wyndham Orlando Conference Center Celebration, owned by AD1 Global, in Florida. Wyndham
Skift Take
Group bookings across the industry’s largest portfolio of economy and midscale hotels will soon take minutes, not days, thanks to Groups360 and the rapid rollout at over 5,600 Wyndham hotels.
The DJIA rose 126 points but Nasdaq was down 48, the S&P 500 fell 5 points and the 10 year treasury yield was down .02 to 4.17%. Lodging stocks were higher. ABNB jumped 4% to a new 52 week high. IHG also hit a new high while AHT was up 13%, SHCO was up 11% and VAC rose 5%. SOND was down -9% and SLNA fell -5% on the day.
Baird added Hyatt Hotels as a Bullish Fresh Pick designation. They are expecting a positive update later this week on Hyatt’s asset sales. Baird said the transaction and financing backdrops are improving and they believe the asset-lighter narrative will regain momentum in 2024, especially given hotel brand and REIT peers’ valuation multiples that have re-rated higher in recent months. Their more favorable near term and tactical view of H shares is also based on Baird’sview that investor sentiment co
