At the risk of promoting insider trading, at least one major public hotel company is being touted as a top pick. Analyst Joseph Greff reaffirmed an "Overweight" rating mostly on the strength of its fee-for-service business. Late last month, Wyndham, the Parsippany, New Jersey-based hotel and vacation-ownership operator, beat analysts’ expectations with a 13.6-percent RevPAR decline—compared with the 19.5-percent drop that stood as the industry average. This isn’t the only major hotel company that is beating Wall Street prognostications. That doesn’t mean that Wyndham’s 2Q reports or that of the vast majority of hotel companies out there are something you’d want to hang on your refrigerator.

Source: Forbes May 12, 2024 10:50 UTC