Wyndham Worldwide Spins Off from Cendant, Begins Trading as WYN

  • Cendant
  • 08.01.06
In a move that will create one of the world’s largest publicly traded hospitality companies, Wyndham Worldwide Corporation will spin off from Cendant Corporation and begin trading on the New York Stock Exchange under the symbol WYN.

Wyndham Worldwide, which became a member of Standard & Poor’s S&P 500 index this week, is a global leader in leisure travel accommodations and a major provider of products and services to business-to-business customers.  Its three business segments include:

  • Wyndham Hotel Group: one of the world’s largest hotel franchisors and a provider of hotel management services
  • RCI Global Vacation Network: operator of one of the world’s largest vacation exchange networks and one of the largest vacation rental networks
  • Wyndham Vacation Ownership: one of the world’s largest developers of vacation ownership resorts in terms of owners and resorts

“This is an exciting day that immediately establishes Wyndham Worldwide as a leading, pure-play hospitality business with a strong and diverse portfolio of global brands that are widely recognized by consumers, business travelers and partners,” said Stephen P. Holmes, Wyndham Worldwide chairman and chief executive officer.

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