Cendant hospitality spin-off called Wyndham
Laptop Battery Wyndham Worldwide will become the name of the new hospitality
company expected to be created by Cendant Corporation later this
year
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Thinkpad It is part of the previously announced spin-off of its lodging,
vacation exchange and rental, and timeshare resorts businesses.
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Microsoft Upon completion of the spin-off, Wyndham Worldwide will be an
independent, publicly traded, pure-play company focused on the
development and performance of its nine hotel lodging chains
including the Wyndham, Ramada, Super 8, Wingate Inn and Days Inn
brands; its vacation exchange and rental businesses including RCI,
Novasol and Landal GreenParks, and its timeshare resorts business
including Fairfield Resorts and Trendwest Resorts.
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Laptop Computers Stephen P. Holmes, Cendant vice chairman and the new company's
chairman and chief executive officer, said Wyndham Worldwide
"represents the elevation of a signature brand with high consumer
appeal to serve as our new corporate identity."
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Laptop Computer "As the leading provider of hotel, vacation exchange and rental,
and timeshare accommodations across six continents, we will
leverage a name that provides us with a familiar corporate identity
that unquestionably conveys who we are and what we provide to
millions of consumers worldwide," he said.
laptop computers is driving strong sales for notebook computers, according to the latest quarterly sales figures from the research firm IDC, which reported a 37% computer sales for the second quarter, compared with a year earlier. In the U.S., laptop sales grew 17.7%, while sales of desktop computers and servers fell 4%. The New York Times ( 10), CNET ( 10)
Desktop Computer Noting that the Wyndham hotel brand is widely known "for its
distinctly personalized approach to hospitality," Holmes said, "We
believe Wyndham Worldwide translates perfectly as the bold new
identity for a company that provides consumers with the widest
choice in global travel accommodations for virtually any occasion,
price point and experience."
Notebooks Wyndham Worldwide will be one of the world's largest hospitality
companies and preeminent providers of hospitality products and
services, encompassing more than 6,300 franchised or managed hotels
with over 530,000 hotel rooms worldwide; serving more than three
million members of the RCI exchange network with access to over
4,000 resorts worldwide; more than 55,000 vacation exchange and
rental properties located in more than 100 countries, and over 140
timeshare resorts serving more than 750,000 timeshare owners
throughout North America, the Caribbean and the South Pacific.
Lenovo "Even as we adopt a new corporate brand to represent the sum of
our hospitality businesses, we recognize the tremendous value and
equity of each of our brands," Holmes said. "Our commitment to our
total brand portfolio remains just as strong, and we will continue
to grow and enhance the presence of our brands within their
respective market segments."
Hard Drive To further leverage RCI's unique brand equity in the timeshare
exchange businesses, and in recognition of the recent integration
of RCI with our European vacation rental businesses, the combined
vacation exchange and rental businesses will be renamed the RCI
Global Vacation Network. The new name will reinforce the groups'
established global business network of partnerships and
distribution channels enabling the individual brands to flourish in
existing and new markets.
Travelstar Since the Cendant name will be retired, the company's timeshare
development subsidiary, Cendant Timeshare Resort Group, Inc., will
change its identity to Wyndham Vacation Ownership, Inc. It will
continue to operate under its two highly-regarded resort
development brands, Fairfield Resorts and Trendwest Resorts, as
well their respective timeshare programs, FairShare Plus and
WorldMark.
Gateway Concurrently, Cendant Hotel Group, the unit that manages the
company's franchised and managed hotel lodging business, will
change its name to Wyndham Hotel Group, and the company's namesake
hotel brand will become Wyndham Hotels & Resorts.
Laptop Parts "Wyndham will provide an integrated brand identity to bridge our
businesses as we pursue new growth strategies, including mixed-use
hotel and timeshare development," Holmes said. "As an upscale
brand, Wyndham provides both our hotel and timeshare development
businesses with a common platform from which to pursue further
growth in higher-end segments.
Software "These and other integrated strategies will not only help
further extend our brands globally, but will also dramatically
redefine Wyndham as a worldwide leader in all facets of lodging
hospitality," Holmes concluded.
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