Wyndham Hotels Reports Decline in 4Q Profit as U.S. Business Struggles
In a revealing financial update, Wyndham Hotels & Resorts has reported a noticeable decline in its fourth-quarter profit, primarily due to subpar performance within its U.S. operations. The Parsippany, N.J.-based hotel giant witnessed a downturn, with its latest figures showing a profit of $50 million, or 60 cents a share, a decrease from $56 million, or 63 cents a share, in the same period a year earlier.
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