Procurement

Wyndham Pulls Full-Year 2020 Guidance

By Donna M. Airoldi / March 17, 2020 / Contact Reporter

Wyndham Hotels & Resorts is the latest hotel company to pull its full-year 2020 guidance due to the evolving impact of the coronavirus pandemic on the global economy. It follows Hilton Worldwide, Hyatt Hotels Corp. and several lodging real estate investment trusts. On the company's fourth quarter and full-year 2019 earnings callin February, Wyndham had anticipated revenue per available room to be flat to negative 2 percent, rooms growth to be between 2 percent and 4 percent, and adjusted net income to fall between $329 million and $339 million.