Is Wyndham Hotels Stock a Buy?
Few, if any, industries have been hit harder by the pandemic than the hotel industry. Travel restrictions and consumer concerns, as well as social distancing protocols, have kept people from vacationing and traveling, which severely hurt hotel earnings over the typically strong summer months. But now, with COVID-19 cases not only continuing but spiking to all-time highs as we move through the fall into the winter, there is not yet a light at the end of the tunnel.
This leaves hotel chains like Wyndham Hotels and Resorts (NYSE: WH) in a very uncertain spot not only now but for future bookings next spring and summer. People are hesitant to book summer vacations until they see the pandemic abating and the advent of a safe and effective vaccine. Until then, it will be tough going for hotels, including Wyndham.
Wyndham had a decent third quarter, beating earnings estimates. The bar was set pretty low, but the company did show positive net income in the quarter, which is an improvement on last quarter when Wyndham had a $174 million net loss.
Source Fool.com
