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The company's gross timeshare sales dropped 35 percent to $366 million as Wyndham cut back on money spent on the operations, including closing some sales offices and trimming back on marketing efforts which led to fewer tours.
Revenue for Wyndham Exchange and Rentals, formerly Group RCI, fell 8 percent to $327 million, while revenue for the Wyndham Hotel Group slipped 14 percent to $183 million.
I guess we will need to call WER not RCI any more.
I would love for someone to pull out the details about how the increases on the transaction fees and the ban on renting points affected their profit margin...
I would love for someone to pull out the details about how the increases on the transaction fees and the ban on renting points affected their profit margin...
You will not be able to see that, it is too detail into each division level. Unless you work on their Financial department on that division, you probably will only see a rollup amount. Plus, the money suppose is collect by trust, so should not even in the consideration of the corp. The only way you see will be the money the trust pay the corp for their daily operation, and it probably is kind of complex so you will not pinpoint to that detail.
However, in each year, the trust will prepare the detail level of their financial, and this year, if you ask, and pay, they will send you that. I don't think it will be that detail also.
All I know is that they've probably made a killing on that bonanza... the person who came up with those brilliant ideas has probably been promoted at least two levels by now.
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