Wyndham Hotels & Resorts Inc Ordinary Shares
WH: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$13.00 | Rwwchgc | Bpjghzscw |
Wyndham Earnings: Demand Normalizing Amid Ominous Economy, but EBITDA and Brand Edge Remains Robust
Despite normalizing revenue per available room growth of 2% in constant currency versus 8% in 2023—roughly in line with historical (1988-2019) average in the US economy/midscale segments—Wyndham shares moved up 7% during July 25 trading. We attribute this to signs that the brand (primary source of its narrow moat) is well intact, combined with solid EBITDA performance.