Choice Hotels Addresses Failed Wyndham Merger
Photo Credit: The exterior of a Cambria hotel. Choice Hotels International
Skift Take
Choice Hotels commented on their Wyndham hostile takeover implosion and said it was challenged by a ‘difficult’ administration and a regulatory body that Choice said was ignorant of hotel industry pricing structures, among other reasons.
Last week, JP Morgan said their JPM Gaming & Lodging Management Access Forum had them coming away refreshed by the general better macroeconomic environment allowing for companies across their coverage universe to talk about more industry-specific events, company-level strategic priorities, and recent trends. That is opposed to last year’s high-level macro-related topics outside of management’s control, which were the hot topics, as were Ukraine or the China macro in the two years before that. JPM said they believe the most evenly positive fireside chats in the lodging space came from Hyatt and Travel + Leisure. Hyatt is making good progress on increasing its asset light mix and sees a better environment for asset sales to help accelerate the improving mix, which complements RevPAR fundamentals and room growth/development that is tracking at least in line with its 2024 targets. Travel + Leisure still has sound timeshare
