Travel + Leisure
The acquisition is anticipated to be impartial to earnings for the brand new Travel + Leisure Co. in Year One and accretive in Year Two. Editor in chief Jacqueline Gifford mentioned that she and the editorial staff remain Meredith workers and have been assured of complete editorial independence. Meredith will proceed to provide and monetize the media assets under a renewable 30-yr, royalty-free lease and will deal with promoting and marketing, produce its related print journal and operate its website, podcasts and social media channels. Timeshare firm Wyndham Destinations, which spun off from Wyndham Hotels and Resorts in 2018, has acquired Travel + Leisure from Meredith Corp. for $100 million. The peninsula that forms the southern tip of the Bay of Banderas is getting a freeway, an airport and a boutique resort. I get both and discover that Traveler has more of the posh recommendations (they’re additionally very careful about traveling incognito so their evaluations do not replicate particular remedy, which I tremendously value).
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