Wyndham shows strength based on revenue growth
Skift Take
Wyndham, with its diversified business of hotels, vacation rentals and timeshares, is showing protracted strength in a tough environment.
Wyndham Worldwide Corporation (WYN) announced third quarter 2012 adjusted earnings of $1.13 per share, which surpassed the Zacks Consensus Estimate of $1.10 and improved 20% year over year. On a reported basis, Wyndham delivered earnings of $1.11 cents per share versus $1.08 in the prior-year quarter.
The increase in earnings was mainly driven by a surge in revenue per available room (RevPAR) in the Lodging business as well as strong operational performance of the Vacation Ownership business. Moreover, the company’s share repurchase program also pushed up the earnings for the quarter.
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