Two small hotel signings in Nepal and Kashmir don't sound like news. But when a company bleeding 30% of its stock value doubles down on asset-light management deals in politically volatile markets, the math underneath tells a very different story about where mid-scale hospitality is headed.
Wyndham just opened an 81-key Ramada in a transit city in Eastern Nepal, its second property in the country after a five-year gap. The franchise math for an upper-midscale brand in a secondary market with no established international demand tells you more about Wyndham's growth strategy than any investor deck ever will.
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