Wyndham's Optimism, Southwest's Strong Bookings, and Malaga's STR Crackdown

Wyndham's Optimism

Wyndham Hotels & Resorts is optimistic about the future of the hotel industry, despite the challenges posed by the COVID-19 pandemic. In a recent earnings call, the company's CEO, Geoff Ballotti, said that he believes the industry is "on the cusp of a recovery." He pointed to the company's strong performance in the third quarter, which saw a 15% increase in revenue per available room (RevPAR) compared to the same period in 2020. Ballotti also said that he is encouraged by the strong demand for travel that he is seeing, particularly in the leisure segment.

Southwest's Strong Bookings

Southwest Airlines is reporting strong bookings for the upcoming holiday season. The airline said that it expects to operate at 95% of its pre-pandemic capacity during the peak travel period. Southwest's strong bookings are a sign that consumers are eager to travel again, despite the ongoing pandemic. The airline is also benefiting from its low fares and its reputation for customer service.

Malaga's STR Crackdown

The city of Malaga, Spain, is cracking down on short-term rentals (STRs). The city council has recently passed a new law that will require STR operators to register their properties with the city and to obtain a license. The law also limits the number of STRs that can operate in each neighborhood. The city council is taking this action in response to complaints from residents about noise, traffic, and other problems associated with STRs.

Additional Information

• Wyndham Hotels & Resorts is the world's largest hotel franchisor.
• Southwest Airlines is the largest low-cost carrier in the United States.
• Malaga is a popular tourist destination in Spain.