Invest in hospitality two different ways

Article Excerpt

Studies show that both a spinoff and its parent company perform better than comparable firms for several years following their split. That’s especially so with industry leaders like these two. WYNDHAM DESTINATIONS $37.47 (New York symbol WYND; TSI Rating: Extra Risk) (973-753-6000; www.wyndhamdestinations.com; Shares outstanding: 97.5 million; Market cap: $3.6 billion; Dividend yield: 4.4%) is the former Wyndham Worldwide (WYN). It changed its name at the same it spun off Wyndham Hotels on June 4, 2018 (see right). Wyndham Destinations is the world’s largest vacation ownership and exchange company. It operates 220 vacation timeshare resorts with almost 900,000 owners. The company also operates the world’s largest vacation exchange network. Those members can swap Wyndham timeshare stays, or timeshare stays with other operators, among themselves for a fee. Wyndham’s network includes industry leader RCI, and comprises over 4,300 properties in over 100 countries. Good mix of low P/E and high-yield In the quarter ended September 30, 2018, overall revenue rose 4.6%, to $1.06 billion from $1.02 billion a..

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.