Wyndham To Spin Off Hotel Business, Creating Two Separate Companies

by Jessica Montevago

Wyndham Worldwide will split its hotel and timeshare businesses, allowing each company to focus on its core business, following similar spin-offs by competitors Marriott International and Starwood Hotels & Resorts.

Wyndham’s hotel unit will become a new, publicly traded company by the first half of 2018. Wyndham Hotel Group will be based in New Jersey, and operate or franchise 8,100 hotels across 18 brands.

The timeshare unit, Florida-based Wyndham Vacation Ownership, will be joined with Wyndham Destination Network, parent of timeshare exchange company RCI.

The corporate names of the post-spin public companies have not yet been decided.

The hotel and timeshare companies plan to enter a license agreement to jointly run their loyalty programs, Wyndham Rewards, and cross-sell properties.

  0
  0
Tip of the Day

That’s how you get to know your clients better, the nuances of their desires. Here’s a trick – story begets story. So, if what you want from them is a story, give them a story and they will give you a story back.

Kindra Hall, Steller Collective

Daily Top List

Best Spots for Cliff Jumping in Ireland

1. County Antrim

2. County Donegal

3. County Sligo

4. County Galway

5. County Kerry

Source: CNN

TMR THIS WEEK
http://services.travelsavers.com/AMGService.svc/REST/GetImage?ImageID=0dc070f2-85e6-e811-ba59-782bcb66a2f2

Beyond Booking Travel: Where the True Impact Lies

In an industry that advances thanks to the traveling public’s leisure choices, some travel players are doing their part to ignite positive change that will have long-lasting effects.

TMR Recommendations
Top Stories
First Look: Universal Orlando’s Latest Hotel
First Look: Universal Orlando’s Latest Hotel

The seventh on-site hotel for the brand, Surfside Inn and Suites will be a value-driven property. 

U.S. Adds New Sanctions on Cuba Hotels and Tourist Attractions
U.S. Adds New Sanctions on Cuba Hotels and Tourist Attractions

The hotels include Iberostar Grand Packard to Paseo del Prado hotels in Old Havana.

The Best Places to Visit in the U.S. During Christmastime
The Best Places to Visit in the U.S. During Christmastime

Travel advisors can pass along the magic of the holiday season to their clients by suggesting trips to any of these Christmas-themed destinations.

What Can Agents Do to Deter Illegal Wildlife Trafficking?
What Can Agents Do to Deter Illegal Wildlife Trafficking?

A leading wildlife agency working against trafficking is partnering with the travel industry and believes travel agents can play a big role in protecting endangered wildlife.

First Look: The Muraka at Conrad Maldives Rangali Island
First Look: The Muraka at Conrad Maldives Rangali Island

The world’s first underwater luxury hotel residence is a two-story villa nestled more than 16 feet below the Indian Ocean.

Wellness Tourism: Four Trends To Expect in the Coming Years
Wellness Tourism: Four Trends To Expect in the Coming Years

As one of the fastest-growing travel segments, wellness travel currently represents 17 percent of total tourism expenditures.

News Briefs
TMR Report Cards & Outlooks
Advertiser's Voice
Advertiser's Voice: Tauck