Topic: Timeshare/Vacation Ownership
Private equity firms reportedly have expressed interest in acquiring the timeshare operator.
The purchase is expected to result in $75 million in annual savings within two years.
Despite a rocky end to the quarter, Wyndham Worldwide managed to report $1.6 billion in revenues for this past quarter, a 4-percent increase year-over-year.
Between a new spinoff, a voyage into the sharing economy and solid Q2 results, Wyndham has been busy.
The managing director of RCI’s Caribbean business discusses the company’s Cuba offerings as well as his take on American leisure travel to the country.
The 9.2 million American households that own a shared vacation-ownership product are diverse and looking for experiential travel, just like hotel guests.
Despite the attention on Airbnb, timeshare considers itself the “original” sharing economy, and has the facts to make a compelling case.
Jamaica is seeking investors in timeshare developments as a way to diversify its hospitality stock.
The transaction, which comprises more than 420 resort properties in 35 countries, will be completed through an all-cash tender offer.