TravelNews

[Travel News]: Timeshare king Wyndham Destination buys Travel + Leisure for $100 million

TheTourAttraction.com aims to provide the latest global travel and free travel news, travel and visa policies, and flight information. We hope to provide insights into tourism market, technology and development trends with everyone by providing the latest relevant information. Despite the raging COVID-19 epidemic in 2020, we always firmly believe that mankind will overcome the disease and the tourism market will definitely recover. TheTourAttraction.com look forward to your attention and support, and witness the development of the global tourism industry with us. Looking forward to the information TheTourAttraction.com provide can help you. We will continue to follow up and obtain the latest data, and look forward to your attention and support.

The following is the [Travel News]: Timeshare king Wyndham Destination buys Travel + Leisure for $100 million from [Yahoo Finance] recommended by TheTourAttraction.com:

It’s a clever deal that Wyndham says will help broaden its reach with vacation goers by tapping into TNL’s beloved travel stories, guides and trip planning tools.

Wyndham Destinations (WYND) is taking a one-way trip to Resort De Content.

The timeshare giant said Wednesday it will plunk down $100 million to buy the 50-year-old Travel + Leisure (TNL) brand from publisher Meredith Corporation (MDP). It’s a clever deal that Wyndham — which is the largest player in the timeshare market — says will help broaden its reach with vacation goers by tapping into TNL’s beloved travel stories, guides and trip planning tools.

Wyndham Destinations believes the transaction will be neutral to earnings in year one after closing and accretive in year two. Once the deal closes in mid-February, Wyndham will change its corporate name to Travel + Leisure Co. and trade under the ticker symbol ‘TNL’ on the New York Stock Exchange.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button