Deprince Race & Zollo Inc. Has $77.78 Million Stock Position in Wyndham Hotels & Resorts $WH
Deprince Race & Zollo Inc. significantly increased its stake in Wyndham Hotels & Resorts, now holding 957,559 shares valued at $77.78 million, making it their 7th largest holding. Wyndham Hotels & Resorts reported strong first-quarter results, exceeding EPS and revenue expectations, and reaffirmed its FY2026 guidance. The stock benefits from high institutional ownership and a "Moderate Buy" analyst consensus, despite a recent insider share sale by CEO Geoffrey A. Ballotti.
N.J. castle hotel built with over 1 million bricks just got prestigious new name
A castle-inspired hotel in Parsippany, New Jersey, originally built in 1987 with over a million bricks, has been rebranded from a Sheraton to a Dolce by Wyndham Parsippany. The hotel, known for its unique design and large facilities, is now part of Wyndham's upscale Dolce Hotels and Resorts brand, a significant change noted by its original builder.
Louisiana State Employees Retirement System Acquires Shares of 21,900 Wyndham Hotels & Resorts $WH
The Louisiana State Employees Retirement System has acquired 21,900 shares of Wyndham Hotels & Resorts, valued at approximately $1.78 million, adding to institutional investor activity in the company. CEO Geoffrey A. Ballotti recently sold 18,516 shares for $1.50 million, reducing his stake by 3.27%. Wyndham reported strong first-quarter results with better-than-expected EPS and maintains a quarterly dividend.
Wyndham Hotels & Resorts (WH) Revamps Rewards Cards, Is The Upside Already Priced In?
Wyndham Hotels & Resorts (WH) has updated its rewards credit card portfolio with Barclays, introducing new features and benefits. While the company has seen steady stock performance, valuation signals are mixed, with some narratives suggesting it's undervalued due to expected growth from loyalty programs and ancillary fees, while others view it as expensive based on its P/E ratio compared to the industry. The article prompts investors to consider whether future growth is already reflected in the current share price.
Wyndham Hotels & Resorts (WH) Revamps Rewards Cards, Is The Upside Already Priced In?
Wyndham Hotels & Resorts (WH) has updated its Wyndham Rewards credit card program with Barclays, introducing a premium card and new features to enhance its loyalty ecosystem. While the stock has seen steady year-to-date returns, its valuation presents mixed signals, trading below analyst targets but above industry averages on a P/E basis. This raises questions about whether future growth from these loyalty initiatives is already factored into its current share price of $86.71.
Wyndham To Add Loyalty Program Tier
Wyndham Hotel Resorts is set to introduce a new redemption tier to its Wyndham Rewards loyalty program and will also decrease the points required for a complimentary room night. These adjustments, effective September 15th, will expand the program to four redemption tiers and lower the entry point for a free night by 2,500 points. The changes reflect the growth of the program through the addition of hundreds of luxury, lifestyle, and all-inclusive hotels.
Patriot Financial Group Insurance Agency LLC Has $1.54 Million Stake in Wyndham Hotels & Resorts $WH
Patriot Financial Group Insurance Agency LLC significantly increased its stake in Wyndham Hotels & Resorts ($WH) by 177.2% in the first quarter, now holding 18,926 shares valued at $1.54 million. Wyndham Hotels & Resorts reported strong quarterly results, beating EPS and revenue estimates, and raised its full-year EPS guidance. Analysts maintain a "Moderate Buy" consensus rating for the stock with a $96.27 price target, and the company also announced a quarterly dividend of $0.43 per share.
Wyndham Hotels & Resorts (NYSE:WH) Receives Average Recommendation of "Moderate Buy" from Analysts
Wyndham Hotels & Resorts (NYSE:WH) has received a consensus "Moderate Buy" rating from analysts, with an average 12-month price target of $96.27. The company recently reported strong Q1 results, exceeding EPS and revenue estimates, and announced a quarterly dividend of $0.43 per share. Institutional ownership is high at 93.46%, although CEO Geoffrey A. Ballotti recently sold a portion of his shares.
Wyndham restructures reward redemption tiers
Wyndham Hotels & Resorts announced changes to its Wyndham Rewards loyalty program, effective September 15. The program will introduce a new four-tier redemption structure, adding a top tier while lowering the entry-level points required for a free night from 7,500 to 5,000 points. The company emphasized that it plans to maintain its fixed redemption structure without dynamic pricing.
Can Wyndham Hotels & Resorts (NYSE:WH) Keep Pace With NYSE Composite?
This article examines Wyndham Hotels & Resorts (NYSE:WH) performance in relation to the NYSE Composite index, focusing on its financial agreements and asset-light franchising developments within the broader travel sector. It highlights the company's business model, its partnership with Barclays for rewards credit cards, and its projected net room growth rate for the year 2026. The full article content requires a login or registration to read.
Did Wyndham’s Revamped Barclays Card Lineup Just Shift Wyndham Hotels & Resorts' (WH) Investment Narrative?
Wyndham Hotels & Resorts (WH) and Barclays have revamped their co-branded credit card portfolio, introducing new earning categories, enhanced perks, and a premium Wyndham Rewards Earner Premier Card. This initiative aims to strengthen customer loyalty, increase on-property spending, and boost non-room fee income, potentially reshaping Wyndham's investment narrative. While the enhanced credit card ecosystem could improve financial performance, investors still need to consider broader market trends like RevPAR and potential economic softness.
Enterprise value to revenue forward of Wyndham Hotels & Resorts, Inc. – NYSE:WH
This article provides financial context for Wyndham Hotels & Resorts, Inc. (NYSE: WH) by focusing on its enterprise value to revenue forward. It appears to be a stub or a data point from a financial platform like TradingView, indicating that the detailed financial information for this metric is available within their product.
Price to sales forward of Wyndham Hotels & Resorts, Inc. – NYSE:WH
This article states the "Price to sales forward" for Wyndham Hotels & Resorts, Inc. (NYSE: WH). It appears to be a stub or data-focused page from TradingView, indicating financial information for the company. The content itself is minimal, primarily listing the company name and stock exchange.
WYNDHAM HOTELS & RESORTS TO REPORT SECOND QUARTER 2026 EARNINGS ON JULY 22, 2026
Wyndham Hotels & Resorts (NYSE: WH) will report its second quarter 2026 earnings on Wednesday, July 22, 2026, before market open. The company will host a conference call and webcast at 8:30 a.m. ET to discuss the results and provide a business update. A replay of the conference call will be available afterward.
Wyndham Hotels & Resorts Reports Fourth Quarter Results
Wyndham Hotels & Resorts announced its fourth quarter and full-year 2025 results, revealing significant system growth and development. The company's global room network expanded by 4% to 868,900 rooms, driven by strong international growth and a record 870 new development contracts. Despite a RevPAR decline due to U.S. hurricane impacts and an international franchisee's insolvency, Wyndham projects continued room growth and stabilizing RevPAR for 2026.
Wyndham Hotels & Resorts Inc (WH) Valuation: PE, PB & Fair Value Analysis
This article provides a valuation analysis of Wyndham Hotels & Resorts Inc (WH), noting its current valuation score of 6.99, which ranks it significantly lower within the Hotels & Entertainment Services industry. It highlights the company's P/E ratio of 33.80, positioning it below its recent high and above its recent low. The article also indicates that relevant data for P/B, P/S, and P/CF ratios have not yet been disclosed by the company.
WYNDHAM HOTELS & RESORTS TO REPORT SECOND QUARTER 2026 EARNINGS ON JULY 22, 2026
Wyndham Hotels & Resorts will report its second quarter 2026 earnings on July 22, 2026, at approximately 4:30 p.m. ET. The company's President and CEO, Geoff Ballotti, and CFO, Amit Sripathi, will host a conference call and webcast on July 23, 2026, at 8:30 a.m. ET to discuss the results and business outlook.
Wyndham Hotels plans July 23 call after Q2 results on July 22
Wyndham Hotels & Resorts (NYSE: WH) has announced it will release its second-quarter 2026 earnings after market close on July 22, 2026. A conference call and live webcast will follow on July 23, 2026, at 8:30 a.m. ET, hosted by senior management to discuss the results and business outlook. Investors can access the webcast via the company's website or participate in the call by telephone.
WYNDHAM HOTELS & RESORTS TO REPORT SECOND QUARTER 2026 EARNINGS ON JULY 22, 2026
Wyndham Hotels & Resorts (NYSE: WH) announced that it will report its second quarter 2026 earnings on Wednesday, July 22, 2026, at approximately 4:30 p.m. ET. Following the release, President and CEO Geoff Ballotti and CFO Amit Sripathi will host an investor conference call and webcast on July 23, 2026, at 8:30 a.m. ET to discuss the results and business outlook. The webcast will be accessible via the Company's investor relations website, with an archive available from noon ET on the same day.
WYNDHAM HOTELS & RESORTS TO REPORT SECOND QUARTER 2026 EARNINGS ON JULY 22, 2026
Wyndham Hotels & Resorts (NYSE: WH) announced it will report its second-quarter 2026 earnings on Wednesday, July 22, 2026, at approximately 4:30 p.m. ET. Following the release, the company will host a conference call and webcast on July 23, 2026, at 8:30 a.m. ET, featuring CEO Geoff Ballotti and CFO Amit Sripathi to discuss results and business outlook. The webcast and a replay will be accessible via the company's investor relations website.
Real Estate, Reinvented: How Alexis Zaballa and One Trade S.A. Let Everyday Investors Own a Piece of a Wyndham Hotel
One Trade S.A., founded by Alexis Zaballa, is revolutionizing real estate investment in Latin America through a "condohotel" model where individual investors can own a hotel room operated by Wyndham Hotels & Resorts. This model offers a fixed 8% annual return, contractually guaranteed for 15 years, without the operational burdens typically associated with property ownership. The company has already launched one hotel in Paraguay and is developing five more across Paraguay, the Dominican Republic, and Argentina, aiming to make hotel ownership accessible to everyday investors with entry points around $95,000.
Wyndham Hotels & Resorts (WH) Stock Could Be 18.1% Undervalued After Rewards Card Refresh
Wyndham Hotels & Resorts (WH) recently revamped its Wyndham Rewards credit card program, attracting investor attention. Despite a mixed performance over the past year, the company shows strong long-term shareholder returns, and analysts view its stock as potentially 18.1% undervalued based on a narrative fair value of $100.18, driven by expected long-term fee-based growth and technology-driven efficiency. However, its current P/E ratio is higher than the industry average, suggesting potential valuation risk.
Days Inn Returns for an Encore as the Official Hotel Partner of Country Thunder in Canada
Days Inn - Canada has announced its return as the Official Hotel Partner for Country Thunder Alberta (June 26-28, 2026) and Country Thunder Saskatchewan (July 9–12, 2026), following a successful collaboration in 2025. This year, Days Inn will enhance its on-site presence with an expanded activation space and extend the experience beyond the festival grounds through digital campaigns, offering comfort, convenience, and value for festivalgoers. The partnership aims to integrate Days Inn into the full Country Thunder experience, from road trips to post-festival unwinding.
Wyndham overhauls its credit card portfolio, adding a new premium hotel card
Wyndham Hotels & Resorts has revamped its Wyndham Rewards credit card lineup, co-branded with Barclays, and introduced a new premium card: the Wyndham Rewards Earner® Premier Card. This new card features a $395 annual fee, lucrative reward rates on Wyndham stays and everyday purchases, and a host of benefits including Diamond membership and various credits. The three existing cards also received updates, such as revised bonus categories, statement credit redemption options, and tiered welcome bonuses, though some saw changes to gas rewards.
Wyndham Hotels & Resorts (WH) Stock Could Be 18.1% Undervalued After Rewards Card Refresh
Wyndham Hotels & Resorts (WH) recently revamped its Wyndham Rewards credit card program, adding new earning categories and benefits, which could contribute to the company's long-term fee-based growth and efficiency despite recent mixed quarterly results and a resort fire. While analysts set an average price target above the current share price, suggesting upside potential and an 18.1% undervaluation based on a narrative fair value of $100.18, its current P/E ratio of 31.8x is higher than the industry average, implying valuation risk if market sentiment changes. Investors should consider both the optimistic outlook focused on enhanced technology and future earnings power, and the potential risks like RevPAR softness and competition.
Wyndham Hotels & Resorts Inc (WH) Institutional Confidence
Wyndham Hotels & Resorts Inc (WH) has an institutional shareholding score of 10.00, ranking 1st in the Hotels & Entertainment Services industry. The institutional shareholding proportion decreased by 10.14% quarter-over-quarter, with the largest shareholder being ETHSX. Various institutional investors show mixed activity, with some increasing and others decreasing their holdings.
Is Wyndham Hotels & Resorts (WH) Quietly Repositioning Its Loyalty Economics With the New Card Suite?
Wyndham Hotels & Resorts, in collaboration with Barclays, has expanded its Wyndham Rewards credit card portfolio to four cards, including a new premium Earner Premier product. This move aims to enhance Wyndham's loyalty program, increase higher-margin, fee-based credit card income, and drive more direct, loyalty-linked bookings. The article suggests this strategy could strengthen Wyndham's ancillary revenue mix, though investors should still consider risks like RevPAR softness and declining return on invested capital (ROIC).
Is Wyndham Hotels & Resorts (WH) Quietly Repositioning Its Loyalty Economics With the New Card Suite?
Wyndham Hotels & Resorts (WH) and Barclays have expanded the Wyndham Rewards credit card portfolio to four cards, including a new premium Earner Premier product. This initiative aims to strengthen Wyndham's loyalty ecosystem, increase higher-margin fee-based credit card income, and boost customer engagement. The move supports Wyndham's strategy of driving direct, loyalty-linked bookings and ancillary revenue growth, though investors should still consider risks from RevPAR softness and declining ROIC.
Ramada Hotel Coming to Panipat as TDI Signs Wyndham Deal
TDI Infratech has partnered with Wyndham Hotels & Resorts to develop a 53-key Ramada hotel in Panipat, Haryana, India, with an expected opening in the second quarter of 2028. The hotel, backed by an $8 million investment, will be part of the mixed-use TDI Connaught Estate and targets business travelers, transit guests, and small events. This development highlights Wyndham's continued expansion in tier-two and tier-three Indian markets, which it identifies as key growth areas.
T. Rowe Price Investment Management Inc. Has $392.02 Million Stock Holdings in Wyndham Hotels & Resorts $WH
T. Rowe Price Investment Management Inc. significantly increased its stake in Wyndham Hotels & Resorts, holding over 5.18 million shares valued at approximately $392 million. This increase follows Wyndham's strong quarterly results, beating EPS and revenue expectations, and the company's declaration of a $0.43 quarterly dividend. Analysts maintain a "Moderate Buy" consensus rating for Wyndham Hotels & Resorts, despite recent insider share sales by CEO Geoffrey A. Ballotti.
Why (WH) Price Action Is Critical for Tactical Trading
This article analyzes Wyndham Hotels & Resorts Inc. (WH) stock price action, highlighting a strong near-term sentiment with neutral mid and long-term outlooks. It details institutional trading strategies, including long, momentum breakout, and short positions, based on AI-generated signals and multi-timeframe analysis for tactical trading. The report also provides specific entry, target, and stop-loss levels for different risk profiles.
TDI signs Wyndham hotel in Haryana
TDI Infratech has partnered with Wyndham Hotels & Resorts to develop a 53-key Ramada hotel in Panipat, Haryana, India, which is expected to open in the second quarter of 2028. This $8 million investment aims to cater to business travelers and events, strengthening the mixed-use TDI Connaught Estate. The move highlights the growing opportunities for hotel development in tier-two and tier-three markets within North India, particularly in the NCR growth corridor.
Analysts Offer Insights on Consumer Cyclical Companies: Wyndham Hotels & Resorts (WH), Greif Class A (GEF) and Home Depot (HD)
Analysts from Truist Financial and Canaccord Genuity have provided their latest insights on several consumer cyclical companies. Wyndham Hotels & Resorts received a "Strong Buy" consensus with a 20.2% upside, while Greif Class A was rated "Hold" with a slight downside. Home Depot also garnered a "Strong Buy" consensus.
Wyndham Hotels & Resorts Inc
This article provides a detailed revenue breakdown for Wyndham Hotels & Resorts Inc (WH), categorizing its income by business segments and regional contributions. For the fiscal year stated, the company generated $1.13 billion from the United States and $295 million from all other countries. The primary revenue streams include royalties and franchise fees, and marketing, reservation, and loyalty programs.
Boothbay Fund Management LLC Has $14.92 Million Holdings in Wyndham Hotels & Resorts $WH
Boothbay Fund Management LLC significantly increased its stake in Wyndham Hotels & Resorts (NYSE:WH) by 2,894.5% in Q4, now holding 197,396 shares valued at $14.9 million. Wyndham reported strong quarterly earnings, beating estimates with $0.96 EPS and $327 million in revenue, and raised its FY 2026 guidance. The company also declared a quarterly dividend of $0.43 per share, and analysts currently rate the stock as a "Moderate Buy" with a consensus price target of $96.27.
Wyndham Hotels & Resorts Inc (WH) Shareholder Structure: Major Shareholders & Institutional Holdings
This article details the shareholder structure of Wyndham Hotels & Resorts Inc (WH), outlining its major shareholders and institutional holdings. It provides a breakdown of proportional ownership by investment firms like BlackRock, T. Rowe Price, and Vanguard, alongside categories of institutional investors. The report also includes historical institutional shareholding data, recent shareholder activity with changes in holdings, and a list of related ETFs that include WH in their portfolios.
Wyndham Hotels & Resorts (NYSE:WH) CEO Sells $1,495,907.64 in Stock
Wyndham Hotels & Resorts CEO Geoffrey Ballotti sold 18,516 shares of the company's stock, totaling approximately $1.50 million, through a pre-arranged trading plan. Following the sale, Ballotti still retained 548,308 shares, valued at about $44.3 million. The company's stock saw a 2.1% dip, trading at $83.60, despite recent positive financial results including beating EPS estimates, reporting $327 million in revenue, and raising its dividend to $0.43 per quarter, and analysts maintaining a "Moderate Buy" rating.
Wyndham (NYSE: WH) CEO option exercise and share sales to cover costs
Wyndham Hotels & Resorts President and CEO Geoffrey Ballotti exercised 20,429 non-qualified stock options at $65.21 per share and subsequently sold 18,516 common shares at weighted average prices between $80-$81. These transactions, executed on June 15, 2026, were performed under a pre-adopted Rule 10b5-1 trading plan solely to cover option costs, tax obligations, and fees. Following these activities, Ballotti directly holds approximately 566,824 common shares, along with remaining options and restricted stock units.
Wyndham and Barclays Launch Updated Credit Card Suite, Introduce New Premier Card with Complimentary Insider Membership and No Points Expiration
Wyndham Hotels & Resorts and Barclays have revamped their Wyndham Rewards credit card portfolio, introducing the new Earner® Premier Card and updating existing ones. The suite offers expanded earning opportunities, including up to 8X points on Hotels by Wyndham and premium benefits like Member Level upgrades, booking discounts, and statement credits. The Earner® Premier Card, with a $395 annual fee, provides over $400 in annual value, complimentary Wyndham Rewards Insider membership, and no points expiration, reinforcing the program's focus on clear, rewarding travel value.
Wyndham Hotels & Resorts and Barclays Launch Updated Credit Card Suite, Introduce New Premier Card with Complimentary Insider Membership and No Points Expiration
Wyndham Hotels & Resorts has partnered with Barclays to launch an updated suite of Wyndham Rewards credit cards, featuring four distinct products tailored for various traveler needs. The credit cards offer accelerated points earning on travel and everyday purchases, elevated Wyndham Rewards status, and discounted free night redemptions. A new premium-tier option, the Wyndham Rewards Earner Premier Card, provides over $400 in annual value, including Wyndham Rewards Insider membership and points that never expire.
Wyndham launches new premium credit card and revamps rewards card lineup
Wyndham, in partnership with Barclays, has introduced the new Wyndham Rewards Earner® Premier Card, marking its entry into the premium travel credit card market with a $395 annual fee and comprehensive benefits. Alongside this launch, Wyndham is overhauling its entire Wyndham Rewards credit card lineup, including the Business, Plus, and no-annual-fee Earner cards, with updated earning structures, redemption discounts, and expanded cardholder perks. The changes aim to offer enriched benefits, particularly for frequent Wyndham guests, with the new Premier card providing Diamond status, substantial annual bonus points, and various credits.
New Wyndham Premier card adds $400+ perks, no points expiration
Wyndham Hotels & Resorts and Barclays have launched an updated Wyndham Rewards credit card suite, introducing the new Wyndham Rewards Earner Premier Card. This premium card offers significant perks like complimentary Insider membership, over $400 in annual credits, and points that never expire, aiming to enhance the loyalty program's value for travelers. The revamped four-card lineup emphasizes faster everyday earning, discounted award nights, and various statement credits across consumer and business options.
Atom Investors LP Has $4.81 Million Stake in Wyndham Hotels & Resorts $WH
Atom Investors LP significantly increased its stake in Wyndham Hotels & Resorts by 153.8% in the fourth quarter, holding shares valued at $4.81 million. Other institutional investors also boosted their positions in Wyndham, with current institutional ownership at 93.46%. Wyndham Hotels & Resorts recently reported better-than-expected earnings and announced a quarterly dividend.
769,705 Shares in Wyndham Hotels & Resorts $WH Acquired by Brooklands Fund Management Ltd
Brooklands Fund Management Ltd has acquired a significant new stake of 769,705 shares in Wyndham Hotels & Resorts (NYSE:WH), valued at approximately $56 million, making it their third-largest position. This move highlights ongoing institutional interest in Wyndham, with hedge funds now owning 93.46% of the company's shares. Analysts maintain a "Moderate Buy" consensus for WH, which recently beat quarterly earnings and revenue estimates and declared a $0.43 quarterly dividend.
Wyndham Hotels & Resorts (WH) Stock Valuation After Rochester Closure And Insider Selling Concerns
Wyndham Hotels & Resorts (WH) stock is facing pressure due to the closure of a Rochester property over code violations and concerns about recent insider selling. Despite these issues, the company's valuation suggest it might be undervalued at $79.39, with a fair value estimated at $100.18, though its P/E ratio is higher than industry averages. Investors are advised to examine the balance between the company's growth initiatives and the risks posed by reliance on third-party franchisees and market competition.
Wyndham Hotels & Resorts (WH) Stock Valuation After Rochester Closure And Insider Selling Concerns
Wyndham Hotels & Resorts (WH) stock is facing scrutiny after one of its Rochester-branded properties was ordered to close due to code violations, compounding existing concerns over recent insider selling. Despite a narrative suggesting the stock is 20.7% undervalued with a fair value of $100.18, a high P/E ratio compared to industry averages indicates potential valuation risk. Investors are advised to examine key rewards and warning signs before making investment decisions.
Thornburg Investment Management Inc. Decreases Stock Position in Wyndham Hotels & Resorts $WH
Thornburg Investment Management Inc. significantly reduced its stake in Wyndham Hotels & Resorts (NYSE:WH) by 34% in the fourth quarter, selling over 51,000 shares. Despite this, Wyndham Hotels & Resorts maintains a "Moderate Buy" consensus rating from analysts with an average target price of $96.27. The company recently reported better-than-expected earnings of $0.96 EPS on $327 million revenue and announced a quarterly dividend of $0.43 per share.
Dockside LLC Purchases New Position in Wyndham Hotels & Resorts $WH
Dockside LLC has acquired a new position in Wyndham Hotels & Resorts (NYSE:WH) by purchasing 32,834 shares valued at approximately $2.48 million in the fourth quarter. This comes as Wyndham reported stronger-than-expected earnings, with EPS of $0.96 against estimates of $0.85, and revenue of $327 million, marking a 3.5% year-over-year increase. Analysts maintain a "Moderate Buy" rating for the stock, with an average price target of $96.27, and the company also declared a quarterly dividend of $0.43 per share.
How Investors May Respond To Wyndham (WH) Facing Softer RevPAR And Compressed Returns On Capital
Analysts have highlighted recent weaknesses in Wyndham Hotels & Resorts' (WH) revenue per available room (RevPAR) and shrinking returns on capital, raising concerns about the company's profitability. Despite these operational pressures, Wyndham's management updated its 2026 revenue guidance slightly higher, alongside a narrowed RevPAR outlook. This situation puts the spotlight on how efficiently Wyndham can convert its existing room base into earnings amidst increasing scrutiny on its capital returns.
How Investors May Respond To Wyndham (WH) Facing Softer RevPAR And Compressed Returns On Capital
Analysts have noted weaknesses in Wyndham Hotels & Resorts' revenue per available room (RevPAR) and shrinking returns on capital, indicating operational pressures. Wyndham's management recently updated its 2026 revenue guidance slightly higher, but narrowed its RevPAR outlook to between negative 1% and positive 1%, raising questions about future profitability. This article suggests that while the company's asset-light franchise network is key, investors should be aware of potential risks from softer RevPAR trends and fee pressure.
