right now a pure play on timeshares, the newly renamed Wyndham Destinations (formerly Wyndham Worldwide) will focus on sustaining its year-over-year growth while adapting to consumer needs, CEO Michael Brown told Cramer in a Tuesday interview.
“The industry is usually as strong as ever, [with] growth every single year,” Brown said. “although what’s interesting [is usually] the growth is usually definitely changing in favor of branded hospitality players. Over the last few years, the market share of those branded hospitality players has nearly doubled.”
in addition to Brown argued which Wyndham Destinations, which operates in 110 countries, is usually uniquely positioned to serve not just vacation-seekers, although a majority of consumers.
“What we’re seeing through consumers today is usually they love space, they love amenities in addition to they love the confidence in addition to consistency which’s always delivered by branded hospitality players,” the CEO said.
“Wyndham Destinations serves the everyday traveler,” he continued. “which’s the largest demographic of traveler inside United States today in addition to which’s the segment which we sit in. We’re the largest vacation ownership company inside industry in addition to we proudly serve the customer which not only values vacation, although they value great value in their vacation.”
To watch Brown’s full interview, click here.