Hints and tips:
...The word — a blend of business and leisure — describes workers who take advantage of remote work policies to combine their business assignments with vacation time....
...“This transaction will combine two of the premier global vacation ownership companies to create a more diversified company with significantly enhanced marketing potential and scale to drive sales growth...
...Meanwhile, Wyndham Vacation Ownership will be a publicly traded timeshare company, headquartered in Florida and headed by its chief executive Michael Brown....
...A version of this article was first published by the Nikkei Asian Review on August 29 2018. ©2018 Nikkei Inc. All rights reserved....
...It raised $2bn earlier this year from selling stakes in two of Hilton Worldwide’s former sister companies, Park Hotels and Hilton Grand Vacations....
...In the past year it has come under scrutiny for its murky ownership and high leverage....
...In 2015, Wyndham Hotels took an undisclosed stake in London-based start up LoveHomeSwap, a subscription service that allows people to swap homes....
...In this case, it was the high-end timeshare resort membership model pioneered by the likes of Wyndham Vacation Ownership, Marriott Vacation Club and Sheraton Vistana....
...It also sealed the sale of its timeshare vacation business to Interval Leisure Group for $1.5bn, as part of its asset-lite strategy....
...People familiar with the matter have said previously that Wyndham informally approached IHG about a potential £6bn takeover last year....
...Earlier this year, Starwood announced plans to spin off its timeshare business — vacation properties with shared ownership — into a separate publicly traded company as part of its so-called “asset-light...
...The decision by Starwood Hotels & Resorts Worldwide to spin-off its vacation ownership business, alongside better than expected fourth-quarter earnings, pushed shares of the company higher on Tuesday....
...Last week, Starwood said it would spin off its vacation ownership property business (so-called “time shares”) as another part of its move to the asset-light model....
...The deal signals the end of the Graham family’s ownership of the iconic newspaper and the latest struggling US metropolitan newspaper to be bought by a billionaire.”...
...“In 10 years we think that car ownership will be half of what it is today because of these innovations,” he says. “It’s a shift from having to own one to having access to one....
...We do not hire outside people, but during peak times there are fewer vacations for staff....
...Wyndham Worldwide is less pessimistic about booking trends than Marriott, but other groups have yet to show their hand. Not everything is rotten in the state of business travel....
...Wyndham also has an impressive buyback programme in place and I like its vacation home business since that’s one area that, demographically, is destined to have a nice 30-year run ahead of it....
...Timeshares, part of the fast-growing “vacation ownership” business, have come under more regulatory scrutiny as the industry swells....
...Marriott will begin selling “vacation ownership” at seven new resorts this year, including Ritz-Carlton projects in San Francisco, Miami Beach, and Kapalua and Kauai in Hawaii....
...In 1994 United Airlines adopted radical plans for employee ownership....
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