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Wyndham Destinations, the holiday rental and timeshare company spun off father or mother Wyndham Hotels in 2018, is acquiring Travel + Leisure for $100 million in money, the company announced Wednesday morning. The timeshare and travel membership firm will change its name to Travel + Leisure Co. sometime within the first quarter of this yr. Meredith Corp. — the media brand’s father or mother firm — will continue to function the media aspect of the company under a 30-year licensing settlement.
International travel spending immediately supported about 1.2 million U.S. jobs and $33.6 billion in wages. The United States’ share of global long‐haul travel is 11.3% (down from 13.7% in 2015). The United States’ share of whole worldwide arrivals is 5.4% (down from 6.4% in 2015). ME&I travel accounted for $139.three billion of all business travel spending. As the number of younger people working for themselves continues to rise, analysis …