Wyndham Destinations Announces Date for Name Change and Conference Call to Report Fourth Quarter and Full-Year 2020 Results
January 25 2021 - 4:30PM
Business Wire
- Wyndham Destinations will change its name to Travel +
Leisure Co. on February 17, 2021; ticker symbol to become
TNL
- Wyndham Destinations will report fourth quarter and
full-year 2020 financial results on February 24, 2021
Wyndham Destinations, Inc. (NYSE:WYND) announced today it will
release fourth quarter and full-year 2020 financial results on
Wednesday, February 24, 2021, before market open, followed by a
conference call at 8:30 a.m. ET. Michael D. Brown, president and
CEO, and Michael Hug, CFO, will discuss the Company's financial
performance and business outlook.
Participants may listen to a simultaneous webcast of the
conference call, which may be accessed through the Company's
website at investor.wyndhamdestinations.com, or by dialing
877-876-9173, passcode TNL, 10 minutes before the scheduled start
time. For those unable to listen to the live broadcast, an archive
of the webcast will be available on the Company's website for 90
days beginning at 12:00 p.m. ET on February 24, 2021. Additionally,
a telephone replay will be available for four days beginning at
12:00 p.m. ET on February 24, 2021 at 800-695-0974.
As announced in the Company’s January 6, 2021 press release,
Wyndham Destinations, Inc. acquired the Travel + Leisure brand from
Meredith Corporation and is planning to change its name to Travel +
Leisure Co. on February 17, prior to the release of fourth quarter
and full-year 2020 earnings. The Company will also change its
ticker symbol to TNL on February 17 and continue to trade its
common stock on the New York Stock Exchange. The acquisition was
completed on January 5, 2021 and will not impact reported 2020
results.
About Wyndham Destinations
Wyndham Destinations (NYSE:WYND), the world’s largest vacation club
and exchange company, is on a mission to put the world on vacation.
The company offers more than 4 million members and owner families
the opportunity to own, exchange, or rent their vacation experience
while enjoying quality, flexibility, and great value from a trusted
brand. The company’s Wyndham Vacation Clubs offer 230 resorts that
provide a contemporary take on the timeshare model through brands
Club Wyndham®, Worldmark® by Wyndham, and Margaritaville Vacation
Club® by Wyndham. With a global presence in 110 countries, the
company’s membership travel business – Panorama – includes today’s
leading vacation exchange, leisure travel, and technology brands,
including RCI, the global leader in vacation exchange that provides
access to 4,200+ affiliated resorts, and Extra Holidays, offering
condo vacations at hotel prices. Year after year, our worldwide
team of associates delivers exceptional vacation experiences to
millions of families as they make life’s favorite memories. At
Wyndham Destinations, our world is your destination.
About the new Travel + Leisure
Co. As announced in the Company’s January 6, 2021 press
release, Wyndham Destinations, Inc. acquired the Travel + Leisure
brand from Meredith Corporation and is planning to change its name
to Travel + Leisure Co. As a result, in the first quarter of 2021,
Travel + Leisure Co. will become the world’s leading membership and
leisure travel company, with a portfolio of nearly 20 resort,
travel club and lifestyle travel brands. The company provides
outstanding vacation experiences and travel inspiration to millions
of owners, members, and subscribers every year through its products
and services: Wyndham Destinations, the largest vacation ownership
company with 230 vacation club resort locations across the globe;
Panorama, the world’s foremost membership travel business that
includes the largest vacation exchange company, industry-leading
travel technology, and subscription travel brands; and Travel +
Leisure Group, featuring top online and print travel content,
online booking platforms and travel clubs, and branded consumer
products. At Travel + Leisure Co., our global team of associates
brings hospitality to millions, turning vacation inspiration into
exceptional travel experiences. We put the world on vacation.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of applicable securities laws. Words, and variations of
words, such as “will,” “expect,” “intend,” “believe,” “plan,” and
similar expressions are intended to identify these forward-looking
statements, including statements about the expected results of the
Travel + Leisure transaction and the planned name change of the
Company. These forward-looking statements are subject to a number
of risks and uncertainties, many of which are beyond the Company’s
control, which could cause actual results to differ materially from
those indicated in the forward-looking statements. Results may be
materially affected by factors including unanticipated delays, and
other risks described in the company’s filings with the Securities
and Exchange Commission, including the Company’s most recently
filed Annual Report on Form 10-K. The reader is cautioned not to
rely on these forward-looking statements. All forward-looking
statements are based on information currently available to the
company and are qualified in their entirety by this cautionary
statement. The Company does not assume any obligation to update any
such forward-looking statements or other statements included in
this press release.
Web Resources: Wyndham Destinations Wyndham Destinations
Investor Relations Twitter: @WynDestinations LinkedIn:
@WyndhamDestinations
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version on businesswire.com: https://www.businesswire.com/news/home/20210125005814/en/
Investor Contact: Christopher Agnew Senior Vice
President, FP&A and Investor Relations (407) 626-4050
Christopher.Agnew@wyn.com
Media Contact: Steven Goldsmith Public Relations (407)
626-5882 Steven.Goldsmith@wyn.com
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