Wyndham Sees Modest Weakening for Budget Hotels as Trends Normalize

Skift Take Looking ahead, Wyndham executives said they weren’t concerned about competition from Marriott, Hilton, and Hyatt in the extended-stay segment because they believe their model is aimed at delivering a more affordable product with lower costs for developers.Sean O’NeillWyndham Hotels & Resorts reported on Thursday that it saw weaker profitability in the second quarter. The operator of hotels with about 851,500 rooms worldwide faced tough year-over-year comparisons. Its portfolio skews toward affordable roadside hotels, which benefited especially strongly in the immediate months of the pandemic easing. “Second quarter trends in the U.S. represented a moderation of the…
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Cheapest holiday destinations in 2024

The cost of living crisis is still making a big dent in holiday budgets, so choosing the right destination is crucial if you want to make your money go further. The good news is that sterling is stronger than it was a year ago, which means prices have dropped in many destinations. We compared average flight and hotel prices in 20 popular long-haul destinations where the pound has strengthened to find the cheapest spots. Don’t let a hefty airfare put you off. Sri Lanka and Vietnam might be expensive to get to, but hotels and eating out are a bargain…
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Best cheap hotels in London 2023 for style on a budget

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel emailAh, London – England’s capital city is frenetic, exciting, inspiring, exhausting… and expensive. No sooner have you stepped out onto the street than £20 has somehow left your pocket. But never fear, we are here to help you find the best places to rest your weary head, without the need for maxing out your credit card or resorting to one of those places that feature long, windowless corridors with a mysterious dripping sound. Whether you’re visiting to see the sights, take…
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