magenet

Aloha, aliens? Glowing blue UFO spotted in Hawaii sky

2020 went out with a weird vibe in Hawaii.

Last week, on Dec. 29 at roughly 8:30 p.m, eyewitnesses on the Hawaiian island of Oahu spotted a UFO in the night sky, prompting several 911 calls, Travel + Leisure recently reported.

The UFO had a glowing blue color and an oblong shape, witnesses said. As reported by Hawaii News Now, the UFO, which was caught on video, was described by one onlooker as “larger than a telephone pole.” It sailed across the sky for several miles before crashing into the ocean, witnesses said.

Honolulu police reported the UFO sightings to the Federal Aviation Administration.

“Law enforcement contacted the Federal Aviation Administration the night of Tuesday, Dec. 29, about a witness report of a possible plane down in that area,” FAA spokesperson Ian Gregor told USA TODAY. “We followed up on the report but had no aircraft disappear off radars,

Read More

Wyndham Destinations, in Travel + Leisure Purchase, Looks Beyond Its Timeshares


Courtesy Wyndham Destinations

Text size

Timeshare company

Wyndham Destinations

is getting set for a post-Covid world.

In a move to broaden its reach and change its brand, Wyndham Destinations (ticker: WYND) earlier this week agreed to a $100 million deal with

Meredith

(MDP) to buy Travel + Leisure, which operates an eponymous and well-regarded media platform and several travel clubs.

Wyndham Destinations next month will change its name to Travel + Leisure Co. and trade under the stock ticker TNL. However, the timeshare business, which will remain the company’s primary focus, will continue to operate under the Wyndham Destinations name.

“With the acquisition of Travel + Leisure, we begin to address the approximately 100 million households that travel outside of the timeshare space,” Michael Brown, CEO of Wyndham Destinations, told Barron’s in an interview Thursday.

Wyndham Destinations, based in Orlando, Fla., will make a $35 million payment to Meredith at

Read More

Wyndham Destinations Acquires Travel + Leisure for $100 million

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It’s completely free and we guarantee you’ll learn something new every day.

Here’s hoping this story becomes highly relevant in the near future.

Wyndham Destinations, the vacation rentals and timeshare company, announced yesterday a deal to acquire the media brand Travel + Leisure from Meredith for $100 million.

A Match Made in Hawaii

Wyndham Destinations, which spun off from the Wyndham Hotel chain in 2018, operates 230 timeshare resorts around the globe.

Travel + Leisure, in addition to the well-known magazine, offers subscription travel services such as Travel + Leisure Family Club. 

Industrial Logic: Together, under the brand “Travel+ Leisure Co.,” management will look to use T+L’s content as a flywheel to drive new timeshare membership.

Historically, vacation clubs and timeshares have been unpopular with younger generations (the median age for timeshare owners is 51

Read More

US airlines ask Trump to lift certain travel restrictions, approve ramped-up coronavirus-testing procedures

Industry trade group Airlines for America is asking the Trump administration to lift certain entry restrictions on international travelers while advocating for measures that would require more passengers to take a COVID-19 test before boarding a flight.

The group, which represents most of the major U.S. airlines, said in a letter to Vice President Mike Pence that travel restrictions should be removed and supplanted by a global testing program, which would provide “yet another layer of safety in the travel journey.”

“We believe a well-planned program focused on increasing testing of travelers to the United States will further these objectives in a much more effective way than the blanket travel restrictions currently in place,” the group wrote.

A Centers for Disease Control and

Read More