Nomura Securities Cuts Price Target on Wyndham Worldwide (WYN) to $69
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Loyalty Leader Wyndham Rewards Unveils Industry-Defining Expansion; Redeem Free Nights at 25,000 Hotels, Condos and Homes Globally
October 26, 2016 9:05 AM EDTTop-rated loyalty program adds 17,000 new redemption options, will connect majority of Wyndham Worldwide's more than 120,000 property portfolio by late 2018
PARSIPPANY, N.J., Oct. 26, 2016 /PRNewswire/ --Â Recognizing guests' needs to travel differently from trip to trip, Wyndham Rewards today unveiled plans to expand its award-winning program across one of the world's largest hospitality companies, Wyndham Worldwide, starting with the immediate addition of more than 17,000 condos and homes to the program's already-impressive, nearly 8,000 hotel redemption portfolio.
Experience the interactive Multimedia News Release here:... More
Wyndham Worldwide Reports Third Quarter 2016 Results
October 26, 2016 6:30 AM EDTPARSIPPANY, N.J., Oct. 26, 2016 /PRNewswire/ --Â Wyndham Worldwide Corporation (NYSE: WYN) today announced results for the three months ended September 30, 2016.
Third quarter revenues were $1.6 billion, up 1% compared with the prior year period. In constant currency and excluding acquisitions, revenues also increased 1%. Full reconciliations of GAAP results to non-GAAP measures appear in the tables to this press release.
Net income for the third quarter of 2016 was $196 million, or $1.78 per diluted share, compared with $190 million, or $1.61 per diluted share, for the third quarter of 2015. Adjusted net income for the third quarter of 2016 was... More
