In a bid to expand its global coverage,
Wyndham Worldwide Corp
) leading vacation exchange network, RCI, recently declared the
inclusion of 35 affiliated resorts to its portfolio during the
first quarter of 2013. These properties are located in various
popular tourist destinations across the world.
Some of the resorts worth a mention here are Tides Boutique
Spa Resort in Samui, Thailand, Dom Pedro Laguna Beach Villas
& Golf Resort, Brazil and Royal Sun Resort in Tenerife. All
these properties feature restaurants, swimming pool, spa and
fitness center and are located by the sea, which make them the
perfect choice for leisure travelers.
RCI, a unit of Wyndham's Vacation Exchange and Rentals
segment, markets vacation rental properties primarily on behalf
of independent owners. RCI offered its clients the privilege to
access more than 4,000 vacation properties and resorts located in
about 100 countries. During 2012, Wyndham added 120 properties to
its vacation exchange network.
This Zacks Rank #3 (Hold) company is a star performer in the
vacation exchange and rental business. We believe this
fee-for-service model reduces the company's capital requirements,
resulting in higher free cash flow, which in turn will be
beneficial for the company.
Revenues from the Vacation Exchange and Rentals segment
increased 3.6% year over year to $374.0 million, gaining from the
introduction of several new initiatives, such as online tour
generation, timeshare, online listing center and technology
Apart from Wyndham, several other hoteliers such as
Marriott Vacations Worldwide Corp.
Starwood Hotels & Resorts Worldwide Inc.
Hyatt Hotels Corporation
) are also focusing on expanding their vacation exchange and
timeshare business in an attempt to go global.
HYATT HOTELS CP (H): Free Stock Analysis
STARWOOD HOTELS (HOT): Free Stock Analysis
MARRIOT VAC WW (VAC): Free Stock Analysis
WYNDHAM WORLDWD (WYN): Free Stock Analysis
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