Wyndham's RCI on an Expansion Mode - Analyst Blog
February 11 2013 - 7:50AM
Zacks
Wyndham Worldwide
Corporation’s (WYN) leading vacation exchange network,
RCI, recently declared the inclusion of 150 affiliated resorts in
its portfolio in 2012. The company has added these properties in
various popular destinations worldwide.
In this regard, few resorts worth a
mention here are The Royal Haciendas in Cancun, Riverwalk Resort in
Lincoln, N.H., Enotel Lido in Portugal, Ramada Gurgaon Central in
India and Las Vegas and Hawai based Elara and Hokulani Waikiki,
respectively.
RCI, a unit of the company’s
Vacation Exchange and Rentals segment, was previously offering its
clients the privilege to access more than 4,000 vacation properties
located in about 100 countries. Now, with this addition, management
will be able to further enhance its Vacation Exchange network.
During 2012, RCI introduced several
new programs, including online tour generation and the timeshare
online listing center. RCI also launched new initiatives,
especially in North America and Europe to boost its Vacation
Exchange business through moving more of the transactions to the
Web and by continuously upgrading its facility. In fourth-quarter
2012, the company’s Exchange revenues were $153.0 million, up 2%
year over year.
The company also announced fourth
quarter 2012 adjusted earnings of 63 cents per share, which
surpassed the Zacks Consensus Estimate of 60 cents per share and
increased 34% year over year. Net revenues climbed 9% year over
year to $1,094 million in the reported quarter. The increase
reflected advancement across Wyndham’s lodging and vacation
ownership businesses.
Wyndham currently carries a Zacks
Rank #2 (Buy). Some other hospitality and lodging companies
worth a mention include and Ryman Hospitality Properties,
Inc. (RHP) carrying a Zacks Rank #1 (Strong Buy).
China Lodging Group, Limited (HTHT) and
Choice Hotels International Inc. (CHH) both
carrying a Zacks Rank #2 (Buy).
CHOICE HTL INTL (CHH): Free Stock Analysis Report
CHINA LODGING (HTHT): Free Stock Analysis Report
RYMAN HOSPITLTY (RHP): Free Stock Analysis Report
WYNDHAM WORLDWD (WYN): Free Stock Analysis Report
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