Wyndham Destinations Acquires Travel + Leisure Model

Baltimore Rated Ugliest City By Travel And Leisure Journal

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”œThis strategic alliance brings a brand new, revolutionary method to media model development, and we’re excited to leverage Wyndham Destinations’ and Meredith’s respective strengths to reinforce and notice Travel + Leisure’s full potential,” mentioned Meredith Corp. Wyndham Destinations also agreed to a 5-yr marketing commitment throughout Meredith Corp.’s portfolio of media manufacturers past Travel + Leisure. Travel + Leisure’s Editor-in-Chief Jacqui Gifford and Giulio Capua, the model’s writer, will preserve their roles with the company. All logos on this website are the exclusive property of Travelpro Products, Inc. Other firm, product, service names may be trademarks or service marks of others.

The acquisition is anticipated to be neutral to earnings for the new Travel + Leisure Co. in Year One and accretive in Year Two. Editor in chief Jacqueline Gifford said that she and the editorial employees remain Meredith employees and have been assured of complete editorial independence. Meredith will continue to produce and monetize the media property under a renewable 30-year, royalty-free lease and can deal with promoting and advertising, produce its associated print magazine and function its web site, 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 types the southern tip of the Bay of Banderas is getting a highway, an airport and a boutique resort. I get both and find that Traveler has more of the luxurious suggestions (they’re also very careful about touring incognito so their reviews don’t reflect particular treatment, which I significantly value).