Wyndham Worldwide Corporation
) leading vacation exchange network, RCI, recently declared the
inclusion of 150 affiliated resorts in its portfolio in 2012. The
company has added these properties in various popular
In this regard, few resorts worth a mention here are The Royal
Haciendas in Cancun, Riverwalk Resort in Lincoln, N.H., Enotel
Lido in Portugal, Ramada Gurgaon Central in India and Las Vegas
and Hawai based Elara and Hokulani Waikiki, respectively.
RCI, a unit of the company's Vacation Exchange and Rentals
segment, was previously offering its clients the privilege to
access more than 4,000 vacation properties located in about 100
countries. Now, with this addition, management will be able to
further enhance its Vacation Exchange network.
During 2012, RCI introduced several new programs, including
online tour generation and the timeshare online listing center.
RCI also launched new initiatives, especially in North America
and Europe to boost its Vacation Exchange business through moving
more of the transactions to the Web and by continuously upgrading
its facility. In fourth-quarter 2012, the company's Exchange
revenues were $153.0 million, up 2% year over year.
The company also announced fourth quarter 2012 adjusted
earnings of 63 cents per share, which surpassed the Zacks
Consensus Estimate of 60 cents per share and increased 34% year
over year. Net revenues climbed 9% year over year to $1,094
million in the reported quarter. The increase reflected
advancement across Wyndham's lodging and vacation ownership
Wyndham currently carries a Zacks Rank #2 (Buy). Some
other hospitality and lodging companies worth a mention include
Ryman Hospitality Properties, Inc.
) carrying a Zacks Rank #1 (Strong Buy).
China Lodging Group, Limited
Choice Hotels International Inc.
) both carrying a Zacks Rank #2 (Buy).
CHOICE HTL INTL (CHH): Free Stock Analysis
CHINA LODGING (HTHT): Free Stock Analysis
RYMAN HOSPITLTY (RHP): Free Stock Analysis
WYNDHAM WORLDWD (WYN): Free Stock Analysis
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