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Second-quarter earnings results for
Hilton Worldwide Holdings
Wyndham Hotels & Resorts
are the latest example of a marked improvement for the lodging industry, although the crucial business travel segment continues to lag.
Both stocks took off on Thursday morning. “We continued to make significant progress toward recovery,” Hilton CEO Christopher Nassetta told analysts.
Wyndham Hotels (ticker: WH) on Wednesday reported second-quarter adjusted diluted earnings of 95 cents a share, up from 10 cents in the corresponding period last year. Net revenues were $406 million, compared with$258 million a year earlier, during the heart of the pandemic.
The company, based
According to reports, the government is set to allow fully jabbed US citizens entry to the UK without quarantining, as part of a move to open up transatlantic travel.
Movement between the US and the UK has largely been frozen since March 2020, and yesterday the White House confirmed that the travel ban would remain over fears of the Delta variant – much to the dismay of ministers and the travel industry.
However, in more positive