• Wyndham raises guidance after Q3

Wyndham Worldwide reported third quarter adjusted net income up by 18% on the year to $125m, driven by the group’s vacation ownership business, higher revpar and a lower effective tax rate.

The group raised its full-year forecast for adjusted EBITDA to between $855m and $865m from $825m to $860m. Revenue increased 4.8% to $1.07bn. In the lodging business revpar rose by 6.7%.

See the full release here:
http://www.wyndhamworldwide.com/media_center/pr/show_release.cfm?id=834

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