Wyndham Worldwide Corp. is a company that operates ten hotel brands including Ramada and Days Inn. The company announced last month that income had increased for their second quarter to $96 million, or fifty-two cents per share. This is big jump from $75 million, or thirty-seven cents per share, during the same time period a year ago.
The Orlando-based vacation ownership division of the company stated a 21 percent increase in revenue to $629 million. Timeshare sales amounted to $523 million, which is a 21 percent increase from the previous year.
Wyndham’s corporate earnings showed four million in costs and eleven million in one-time profits. This is due in part to a 2006 spin-off from Cendant Corp., which is now Avis Budget Group Inc.
Despite these numbers, Wyndham dropped their 2007 earnings forecast by four cents a share. This will give a range of $2.02 and $2.13. These figures can be compared to the $1.98 to $2.17 figures that had been previously given.
The Wyndham Corp. has recently been contracted to manage the Vista Royale in Orlando. The Vista Royale is a new Orlando Condo Hotel Resort that is scheduled to begin construction in January 2008.
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