Marriott Vacations Worldwide said on Thursday that CEO Stephen Weisz will retire at year-end and that current president, John E. Geller, Jr., will assume the role of president and CEO…
Providing younger travelers with more flexibility makes the timeshare sector more appealing to millennials with disposable income. And that makes properties in the sector more attractive for M&A.
Publicly traded hospitality companies need to show shareholders signs of growth and expansion. Travel + Leisure Co.'s message of multibillion-dollar sales growth from existing clients isn't as far-fetched as the price tag may sound.
Timeshare companies like Travel + Leisure Co. were well-positioned to capitalize on the early days of the leisure-led travel recovery from the pandemic. Now, it's less about a rebound and more about can they exceed pre-pandemic business performance by year's end.
Wyndham Destinations' ongoing urban push, including a new resort slated for Atlanta, is out to prove this travel sector isn't like your grandparents' old timeshare in the Bahamas.
We had a hunch this would happen, but who knew it would happen so quickly? And how will Wyndham pursue that "blue thread" of loyalty strategy between its hotel and timeshare businesses? And what will happen to its vacation rental business?
Whether or not this is in response to the growing popularity of home share rental platforms like Airbnb and the like, this growing trend is a reflection of how today's travelers want to spend their vacations, and where they want to be.