Procurement
Wyndham Worldwide reported a fourth quarter loss of $1.35 billion
primarily due to "significant non-cash goodwill and other impairment charges," and other one-time items. "Adjusted net income" after tax was $84 million, up slightly from a year earlier. Average daily rates across all brands and geographies declined to $65.68 from $68.03. ADRs for the Wyndham Hotels and Resorts brand edged up slightly to $111.86. Meanwhile, the company indicated that its global workforce now stands at 27,000, down from 33,000 a year earlier.