Distribution
Wyndham Worldwide reported fourth quarter net income of $73 million compared with adjusted net income of $84 million a year earlier.
Average daily rate across all brands declined to $63.62 from $65.68 and occupancy fell to 41.6 percent from 45.7 percent. For the Wyndham Hotels and Resorts brand, average daily rate dropped by about $3 to $108.64 while occupancy fell about 3 percentage points to 50.5 percent.