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Making Sense of the Wyndham Destinations-Travel + Leisure Deal - Skift Investor Relations Contacts: Christopher Agnew
Wyndham Destinations Acquires Travel - Travel + Leisure Co. Mike.Lovell@meredith.com. Courtesy Wyndham Hotels & Resorts One winner will then be chosen to receive 14 nights at a Wyndham hotel (or multiple hotels) in the form of 420,000. The name change is a further signal the company wants to tap into new market segments that may not have been possible under its current brand. But while Wyndham Destinations will own the combined brands, leaders of both sides of the deal stress the legacy Travel + Leisure media brand will remain editorially independent and under the Meredith Corp.s purview thanks to a 30-year licensing agreement.
Why a timeshare brand just bought Travel + Leisure magazine The agreement ensures that the brands long-standing commitment to high-quality, independent travel journalism will continue under the leadership of Travel +Leisure Editor-in-Chief Jacqui Gifford and SVP/Group Publisher, Travel + Leisure Giulio Capua. Senior Vice President, FP&A and Investor Relations On Feb. 17, 2021, our parent company was renamed Travel + Leisure Co. and made its debut as the world's leading membership and leisure travel company, with a portfolio of nearly 20 resort, travel club, and lifestyle travel brands. Enjoy member pricing on 345,000+ activities and things to do in your destination. Thats what weve always done and what well continue to do, she said before later adding, Really the biggest change weve had from an editorial perspective is the pandemic., Tags: coronavirus, coronavirus recovery, travel + leisure, wyndham destinations, Photo credit: Wyndham Destinations wants to grow into a multifaceted travel platform beyond its typical resorts (pictured: Club Wyndham Smoky Mountains). Thank you for your patience as this issue is resolved. Innovation and growth keep our work interesting and fun. A link to a press release with more details is available here. We are excited about our future, and are proud to be a part of a thriving travel business that is committed to ongoing innovation, growth, and strategies that benefit our customers and stakeholders. The new Travel + Leisure Co. stock will begin trading under the ticker symbol NYSE:TNL in mid-February 2021. Were allowed to write about the world of travel. Terms of Use. The transaction is not expected to change employment at either company. Meredith will continue to operate and monetize Travel + Leisures media across multiple channels, including its advertising and marketing activities, under a 30-year royalty-free, renewable licensing relationship. In the first quarter of 2021, Travel + Leisure Co. becomes the world's leading membership and leisure travel company, with a portfolio of nearly 20 resort, travel club, and lifestyle travel brands. Explore Jobs by Brand Explore Jobs by Role Join Our Talent Network Comprehensive Benefits Wellbeing Development Perks Travel Explore OUR BENEFITS Travel + Leisure GO Members receive exclusive deals & discounts on hotels, attractions, and more. This website stores cookies on your computer. The line of thinking shows this $100 million acquisition was about significantly more than a magazine. The acquisition is expected to be neutral to earnings for the new Travel + Leisure Co. in year one and accretive in year two. Perks at Work members, and growing. Please upgrade your browser. This iconic brand, along with its authoritative content and wide audience, will help accelerate and amplify the growth of new capital-light travel businesses and services, as we take the next step in expanding our reach within the global leisure travel industry.. ORLANDO, Fla. & DES MOINES, Iowa--(BUSINESS WIRE)-- Enter the Together Again 2021 Photo Contest. Sincerely, Wyndham Destinations Asia Pacific is the largest timeshare development operation outside of North America. Plus, get five all-natural hair care tips for healthy hair on vacation.
As always, thank you for your continued loyalty and support. Club Benefits +. Wyndham Destinations has become the umbrella brand for our vacation ownership clubs business line. Sign up now to get our FREE breaking news coverage delivered right to your inbox. Low 58F.
Travel + Leisure Co. Celebrates LGBTQIA+ Communities and Launches Pride The WorldMark by Wyndham TravelShare and TravelShare Elite program introduced higher credit level requirements for all tiers of membership. Market Data powered by
These cookies are used to improve your website experience and provide more personalized services to you, both on this website and through other paid media. Your website will undergo maintenance December 3-4, 11 p.m.-4 a.m. With this $100 million acquisition, Meredith Company will get $35 million at closing, with trailing payments to be completed by June 2024. Together, these business lines make it easier to put the world on vacation. Travel + Leisure Co. is the world's leading vacation ownership and travel membership company, with a dynamic and growing portfolio of resort, travel club, and lifestyle travel brands. Restaurant, Hotel Housekeeping, Guest Services.
Travel+Leisure Group Sells Love Home Swap To HomeExchange This news does not impact any current contracts, and we do not anticipate any changes to our services. The Internet Explorer web browser is no longer supported by Club Wyndham. As a leading global hospitality provider, the company fosters the development of its associates through engagement in the communities where they live and work, leadership training, mentoring opportunities, and educational support. Your maintenance dues keep your resorts in tip-top shape all year long.
Travel + Leisure: Travel Reviews, News, Guides & Tips At Travel + Leisure Co., our global team of associates brings hospitality to millions, turning vacation inspiration into exceptional travel experiences. Additional travel costs, mandatory all-inclusive fees, taxes, and other expenses are not included. Full Time. Learn about the upcoming changes. The crisis wreaked similar havoc on the media industry. Travel + Leisure GO gives you access to exciting itineraries with member preferred pricing. 2020 multiple reservations guideline change. Contact our media contacts regarding any press related questions or needs.
POST data - Travel + Leisure Co. Our convenient resources and online educational tools are tailored to travel agents to give you everything you need to get to know our brands, learn about Wyndham Rewards, and better serve both your corporate and leisure customers.
Travel + Leisure Careers PD=Previous Day. These cookies are used to improve your website experience and provide more personalized services to you, both on this website and through other paid media. This transition to Travel + Leisure Co. as the parent company over Wyndham Destinations will not directly affect WorldMark by Wyndham or its products or club offerings. RCI, LLC and Resort Rental, LLC, disclaim all responsibility in connection with any third-party services. ET, and on Dec. 5, from 1-3 a.m. This website stores cookies on your computer. What is your favorite part of The Valdosta Daily Times?
Travel + Leisure Magazine Acquired by Wyndham Destinations for - Skift (917) 280-0475
Words, and variations of words, such as will, expect, intend, believe, plan, and similar expressions are intended to identify these forward-looking statements, including statements about the expected results of the transaction and the future prospects for, and plans of, the company. Your website will undergo maintenance from December 14 at 7 p.m. - 11 p.m. PST . Wyndham Destinations $100 million acquisition of the Travel + Leisure media brand may have been a head-scratcher for some in both the travel and media industries. Cooley LLP is serving as legal advisor to Meredith Corporation. Im very pleased that Meredith will continue producing the number one travel content brand and major monthly consumer magazine under the leadership of Editor-in-Chief Jacqui Gifford, Brown said. Chief Operating Officer,Wyndham Destinations. Therefore, RCI disclaims all responsibility in connection with any third-party services. Get started by choosing your location below. If you are planning any travel in the near future I highly recommend signing up for a membership. The company delivers more than six million vacations each year at 245+ timeshare resorts worldwide, through tailored travel and membership products, and via Travel + Leisure GO - the signature subscription travel club inspired by the pages of Travel + Leisure magazine. These cookies are used to improve your website experience and provide more personalized services to you, both on this website and through other paid media. Login to Worldmark the Club Sign In Why WorldMark + Resorts + Owner guide + Deals and offers + Help + COVID-19 + Sign In Register This website stores cookies on your computer. Valdosta propane operation gets new owner, Berrien man sentenced for producing child porn, Wild Concerts: Park releases show schedule, Celebrating Ms. Jeanette: Tree planting honors Coody.
Travel Booking Membership TravelUP by Travel + Leisure Wyndham Destinations Acquires Travel and Leisure Brand Wyndham Destinations Sales Management. The $100 million acquisition will be funded with cash on hand of $35 million paid at closing, with trailing payments completed by June 2024.