Destinations

3 Destinations Leading the Charge for Sustainable Tourism

Seals in Kaikoura, New Zealand

Seals in Kaikoura, New Zealand

Kyle Mulinder/Courtesy of Tourism New Zealand The seal colony in Kaikōura, on New Zealand’s South Island.

The Travel + Leisure Global Vision Awards aim to identify and honor companies, individuals, destinations, and organizations taking strides to develop more sustainable and responsible travel products, practices, and experiences. Not only are they demonstrating thought leadership and creative problem-solving, they are taking actionable, quantifiable steps to protect communities and environments around the world. What’s more, they are inspiring their industry colleagues and travelers to do their part.

Travel destinations around the world — especially those at risk for overtourism and those whose economies are largely tied to tourist dollars — must straddle a difficult line. How do you welcome visitors while preserving your natural resources and communities? Venice paved the way by tracking tourist data and limiting the number of large cruise ships in its ports, and now

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Wyndham Destinations, Inc. (WYND) Q4 2020 Earnings Call Transcript

Logo of jester cap with thought bubble.

Image source: The Motley Fool.

Wyndham Destinations, Inc. (NYSE:WYND)
Q4 2020 Earnings Call
Feb 24, 2021, 8:30 a.m. ET

Contents:

  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:

Operator

Good morning and welcome to the 4th Quarter and Full Year 2020 Earnings Conference Call for Travel & Leisure Co. formerly Wyndham Destinations. [Operator Instructions].

I would now like to turn the call over to Chris Agnew, please go ahead.

Christopher AgnewSenior Vice President, Investor Relations

Thank you, Ashley. Good morning and welcome to Travel & Leisure’s 4th Quarter and Full Year 2020 Earnings Conference Call.

Before we begin, we’d like to remind you that our discussion this morning will include forward-looking statements, actual results could differ materially from those indicated in the forward-looking statements and the forward-looking statements made today are effective only as of today. We undertake no obligation to publicly update or

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


Courtesy Wyndham Destinations

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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

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Wyndham Destinations Acquires Travel + Leisure for $100 million

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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

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