Wyndham Destinations, Inc. (NYSE:WYND) announced today that due to continued public health precautions, including restrictions on in-person gatherings, as a result of the coronavirus (COVID-19) outbreak and to support the health and well-being of Wyndham Destinations shareholders and associates, the format of the Company's 2020 Annual Meeting of Shareholders (Annual Meeting) has been changed to a virtual-only meeting via a live audio webcast. There will be no physical location for the Annual Meeting and shareholders will not be able to attend in person. The time of the Annual Meeting has also been changed from 11:30 a.m. Eastern Daylight Time to 2:00 p.m. Eastern Daylight Time. The updated Annual Meeting details are as follows:
Wyndham Destinations, Las Vegas Sands , and Choice Hotels all were upgraded by a Wolfe Research analyst who expects outperformance in leisure after the pandemic subsides.
Alliance Reservations Network (ARN) announced a significant evolution of its B2B travel booking product as a result of its new relationship with RCI, the world's largest vacation exchange network as part of Wyndham Destinations (NYSE: WYND). This evolution comes with a new platform name, Trip Authority™.
Wyndham Destinations, Inc. (NYSE: WYND), the world's largest vacation ownership and exchange company, today reported first quarter 2020 financial results for the three months ended March 31, 2020. Highlights include:
Deborah Friedland, Hospitality Practice Leader at EisnerAmper, joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss how the hotel industry is faring amid the coronavirus outbreak.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Wyndham Rewards®, the world's most generous rewards program, today announced the extension through 2021 of its partnership with Caesars Entertainment and Caesars Rewards®, the world's leading casino and entertainment loyalty program. The collaboration delivers industry leading perks for members of both programs across Wyndham's approximately 9,300 hotels and more than 30 world-class Caesars destinations.
Wyndham Destinations, Inc. (NYSE: WYND) announced today its Board of Directors declared a cash dividend of $0.50 per share on its common stock, payable June 30, 2020 to shareholders of record as of June 15, 2020.
The travel and tourism industry was heavily impacted by the coronavirus, but it may begin to see a turnaround as consumers look to travel in the coming summer months. Michael Brown, CEO of Wyndham Destinations, joins Yahoo Finance to discuss.
Wyndham Destinations, Inc. (NYSE:WYND) announced today that Michael D. Brown, president and CEO, and Mike Hug, CFO, will speak at the Goldman Sachs Travel and Leisure Conference on Monday, June 1, 2020 at 10:35 a.m. ET.
Wyndham Destinations (NYSE:WYND), the world's largest vacation ownership and exchange company, today shared updated cleaning protocols and preventative measures for its 230 vacation club resorts and sales centers. The company's Vacation Ready program standards were developed in partnership with cleaning industry expert Ecolab, with over 100 years of experience in assisting hospitality, public health, food safety and hygiene services.
Wyndham Hotels & Resorts, the world's largest hotel franchising company by the number of properties with approximately 9,300 hotels across 90 countries, today announced the launch of its new EverydayHeroes initiative, offering all essential workers on the front lines of COVID-19 instant complimentary Gold membership upgrades in its award-winning loyalty program, Wyndham Rewards®.
The hotel industry is likely to witness a decline in RevPAR and occupancy rate due to the coronavirus pandemic.
Investors need to pay close attention to Wyndham Destinations (WYND) stock based on the movements in the options market lately.
Shares of Wyndham Destinations (NYSE:WYND) rose 1.5% after the company reported Q1 results.Quarterly Results Earnings per share decreased 195.15% year over year to ($0.98), which might not compare to the estimate of $0.59.Revenue of $558,000,000 lower by 39.22% year over year, which missed the estimate of $786,710,000.Outlook Wyndham Destinations hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: May 06, 2020View more earnings on WYNDTime: 03:04 PM ETWebcast URL: https://78449.choruscall.com/dataconf/productusers/wynd/mediaframe/37738/indexr.htmlTechnicals 52-week high: $53.1352-week low: $13.74Price action over last quarter: down 40.64%Company Description Wyndham Destinations Inc the hotel company. The company's reportable segments are Vacation Ownership and Vacation Exchange segment. The Vacation Ownership segment develops, markets and sells vacation ownership interests (VOIs) to individual consumers and provides consumer financing in connection with the sale of VOIs and offers property management services at resorts. The Vacation Exchange segment provides vacation exchange services and products to owners of VOIs and manages and markets vacation rental properties on behalf of independent owners. The firm generates a majority of its revenue from the Vacation Ownership business segment.See more from Benzinga * Evoqua Water Technologies: Q2 Earnings Insights * Recap: Enable Midstream Partners Q1 Earnings * Recap: Cedar Fair Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Hotel, vacation, and timeshare company Wyndham Destinations (NYSE: WYND) shares are trading up more than 2.5% this morning following a Current Report filing with the SEC and a new investor presentation. The presentation, published today on Wyndham's investor site, shows potentially higher than expected EBITDA for the second quarter of 2020, ample cash reserves, and other positive indications of weathering COVID-19. At the cash burn rate it's currently experiencing, the company claims it can continue operations for 23 months even assuming no positive change in cash flow.
Before we begin, we'd like to remind you that our discussions this morning will include forward-looking statements. Actual results could differ materially from those indicated in the forward-looking statements.
Wyndham Destinations, Inc. (NYSE: WYND) announced today it will release first quarter 2020 financial results on Wednesday, May 6, 2020, before market open, followed by a conference call at 8:30 a.m. ET. Michael D. Brown, president and CEO, and Michael Hug, CFO, will discuss the Company's financial performance and business outlook.
Wyndham Destinations, Inc. (NYSE:WYND) announced today that it has completed a private $325 million securitization financing. The $325 million Sierra Timeshare 2020-1 Receivables Funding, LLC financing is a floating rate transaction bearing an initial interest rate of 3.84%. The transaction, structured similar to the Company's existing Sierra term platform, will have a single class of notes with monthly rate resets based on a fixed spread to LIBOR. The advance rate for this transaction is 85%.
Wyndham Destinations, Inc. (NYSE: WYND) announced today that Michael D. Brown, president and CEO of Wyndham Destinations, will speak at Bernstein's 36th Annual Strategic Decisions Conference on Wednesday, May 27, 2020 at 11:00 a.m. ET.