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%.
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