Wyndham CEO says enterprise is ‘off the charts’ as leisure and enterprise journey returns in massive cities

The CEO of Wyndham Hotels & Resorts CNBC told CNBC on Thursday that strong travel demand in the US has helped the company shake off its pandemic-induced slowdown.

While some industries have struggled to recover after the disruption of the Covid pandemic, business at Wyndham is “absolutely stronger than it was before the pandemic,” said CEO Geoff Ballotti in an interview about “The exchange. “

“The intent to travel, get in your car and go somewhere and get out of your attic, get out of your basement with your family and friends, is spectacular,” Ballotti said. “It’s off the charts, it’s unprecedented, and I think we’ll see that well into the fall.”

Wyndham hotel brands include Days Inn, La Quinta, and Baymont. The hotel franchisor’s business is not only picking up in its US hotels, but also internationally, as the number of outbound flights is slowly recovering. “We’re seeing the international airlift to destinations like Mexico continue to grow, where we have a new Wyndham Alltra Cancun and a new Wynhdam Alltra Playa Del Carmen,” Ballotti said.

“People want to get away and have a safe, very flexible and uncomplicated vacation, and we can see that,” said Ballotti.

According to the CEO, business travel is coming back more slowly than leisure travel. “Big cities like San Francisco are just beginning to recover, it’s the group meetings with urban goals that have lagged behind.”

Despite the delay in business travel, Ballotti and other hotel CEOs expect to receive a top-up starting next month as the Biden government lifts international travel restrictions on November 8, imposed in the early days of the Covid pandemic last year.

“We believe that demand in the United States is sure to increase. … One thing we need to pick up are visa applications.

In the US, cities like Boston, New York and San Francisco will continue to see influx and growth in business and leisure travel for the remainder of the year, “this is great news for the travel industry,” Ballotti said.

Wyndham exceeded Wall Street’s expectations in his Quarterly results Thursday and increased guidelines for the rest of the year. The stock closed 4.33% on Thursday afternoon, trading at $ 85.84 per share.

Journey + Leisure debuts on-line reserving and subscription memberships

Travel + Leisure Club is a new subscription travel booking and concierge service.

Travel + Leisure Group / Travel + Leisure Co.

From private jet clubs to theme park memberships, subscription services are increasingly the right choice when it comes to vacation and other leisure travel.

For example, Tripadvisor and Scott’s Cheap Flights – both free for users in their basic versions – each launched premium membership plans this year, giving those willing to pay an annual fee additional perks and access to special rates.

Now, Travel + Leisure Co., which owns around 20 resort, travel club and lifestyle travel brands, is underpinning its claim to the space with its new online Travel + Leisure Club, which is linked to editorial content in its characteristic Travel + Leisure magazine.

While all readers can now book trips to destinations presented in the publication via the new, free Travel + Leisure GO platform, club members receive premium perks such as exclusive travel routes and preferential prices and benefits, according to Noah., President of Travel + Leisure Group Brodski.

“When we acquired the Travel + Leisure brand in January, we heard many times from editors, subscribers and advertisers that with all this incredible content, it’s crazy that there isn’t a ‘book now’ button – we’ve done,” said he, referring to the acquisition of the brand by the former Wyndham Destinations, now Travel + Leisure Co., from Meredith Corp. as part of a $ 100 million deal.

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“And we created a subscription travel club that gives you access to incredible travel and leisure content, exclusive itineraries and editor-inspired trips along with really good bargain prices and benefits,” added Brodsky.

Subscription services are a trend across all industries thanks to the content and value the model brings to consumers, he said.

“This is what we are banking on here: That Travel + Leisure is a brand that can be the strongest player in the travel subscription sector,” said Brodsky.

Membership costs USD 9.95 per month after a free 30-day trial period at a special introductory price. That fee will eventually climb to $ 19.95, but at press time there was no timeframe for a price increase, according to a spokesman.

Subscribers get an average of 25% off retail rates at hotels and resorts, as well as member-only rates for car rentals, activities, and more, the company said. The inventory includes more than 600,000 properties, over 345,000 activity options, and products and services from all major car rental companies and dozens of major airlines.

Members also get a subscription to Travel + Leisure magazine and Concierge Services, which offer help with home renovations inspired by the publication’s photo series, to securing show tickets and restaurant reservations. The restaurant network includes more than 1,500 restaurants in 30 countries and 120 cities, where members receive perks such as free glasses of wine or additional courses.

Travel + Leisure GO, meanwhile, is “an open online travel website that combines inspiring travel stories, travel guides and curated travel routes with planning and booking tools, be it for everyday adventures or a one-off getaway,” the company said.

In recognition of Travel + Leisure magazine’s World’s Best Awards 2021, Travel + Leisure GO club members and visitors can book curated itineraries with top destinations, hotels and activities from this year’s winners. The customizable travel experiences start at $ 1,650 for a four-day stay with accommodations, activities, and ground transportation for two travelers.

Awards and agent loyalty

Charleston, South Carolina was named the # 1 US Destination for 2021 by Travel + Leisure magazine.

Traveler1116 | E + | Getty Images

For example, an impressive getaway to Charleston, South Carolina, which was voted the No. 1 city in the United States this year, includes overnight stays at the boutique Vendue hotel, a cruise in the harbor, and a tour of the city’s alleys and hidden passageways. A stay at the Viceroy Chicago, recognized as the top city hotel in the continental US, includes an “exclusive VIP” tour of the Art Institute of Chicago and a “private early access experience” at the Field Museum of Natural History.

Further afield, Travel + Leisure also offers itineraries in Mexico’s top resort, the Viceroy Riviera Maya in Playa del Carmen, and in Florence, Italy, which is considered one of the top 10 cities in the world. Hopefully, when the pandemic subsides, more overseas routes will be added, Brodsky said.

“We’ll be adding more global destinations in the coming months, but we’ve added more within the US because we know that consumers are more comfortable traveling within the country,” he said.

“These new curated itineraries are a tangible way to have the ‘World’s Best’ experience as they connect us to the world and nurture our fundamental human desire to bring authentic and extraordinary travel experiences to everyone,” said Jacqui Gifford, Editor-in-Chief von Reisen + Freizeit, in a statement.

This is really about expanding our mission of taking the world on vacation, with different clients in a different segment of leisure travel.

Noah Brodsky

President of the Travel + Leisure Group

Brodsky agreed.

“Travel + Leisure has done so well for 50 years at writing such an incredibly inspiring wealth of content, and even a family outing can be inspiring,” he said. “There is something amazing to do with every type of trip, anywhere you want to go, and we’ve got it all listed in one place – and club members are getting really incredible savings and additional concierge services. “

Both the Club and GO are currently available online – at clubtravelandleisure.com and go.travelandleisure.com, respectively – but mobile apps are in the works, Brodsky said. Club members can also book itineraries by calling the concierge service.

It is also planned to be involved in the advisory board of the “A-List” travel agencies of Travel + Leisure, said Brodsky, while the company itself is getting into the field of travel planning and booking. (The purpose of the publication is to compile an annual list of travel agents who specialize in various destinations and activities around the world.)

“I think it suggests people are taking all kinds of trips,” he said, noting that vacation planning can range from simple DIY web searches for the best prices to putting together an expensive trip of a lifetime. “Where you want, need or can afford spectacular advice from one of the best travel consultants in the world.”

“This is where the A-list comes in,” added Brodsky, noting that club concierges will offer referrals to specialist agents. “We absolutely see this as a continuum that will support the Travel + Leisure brand.”

What is not preferred is Travel + Leisure Co.’s own portfolio of traditional Wyndham Destinations vacation properties. “The Travel + Leisure Group operates completely independently of these and works with the editorial content of Travel + Leisure,” said Brodsky.

While his team plans itinerary bookings in line with the magazine’s editorial calendar, “we have no control over where they write about, hotels, cruises, or experiences,” noted Brodsky. “There is no crossover within the site.

“We are already the top player in the areas of the leisure travel industry that we have been to,” he added. “This is really about expanding our mission to take the world on vacation, with different clients in a different segment of leisure travel.”

As Tourism Returns, Lean On Leisure & Leisure with ‘PEJ’

Tourism is increasing worldwide, making way for leisure and entertainment spending, which should help that Invesco Dynamic Leisure and Entertainment ETF (PEJ).

China is already seeing an increase in its tourism activity as the ongoing trend towards vaccination helps ease fears of rising Covid-19 cases.

“China recorded more than 89 million domestic tourist trips during the three-day Dragon Boat Festival, an increase of 94.1 percent over the previous year, the Ministry of Culture and Tourism announced on Monday.” CGTN article explained. “Tourism revenue reached 29.43 billion yuan ($ 4.6 billion), an increase of 139.7 percent over the previous year, the department said.”

Opening of the USA to international travel

Meanwhile, the US plans to work with other countries to resume international travel. This should give further tailwind to spending on leisure and entertainment.

“The United States is forming expert working groups that will make plans to resume international travel to several key destinations including Mexico, Canada, the United Kingdom and the European Union,” said a Articles on traveling off the beaten track. “While some countries allowed American travelers during the pandemic, for many, the US did not reciprocate. This article looks at the current situation between these countries and the US plans to resume international travel.

PEJ is based on the Dynamic Leisure & Entertainment Intellidex® Index (Index). The Fund will typically invest at least 90% of its total assets in common stocks which make up the Index.

The Index is designed to provide capital appreciation through a thorough valuation of companies based on a variety of investment quality criteria including: price momentum, earnings momentum, quality, management measures and value. The index is made up of common stocks of 30 US leisure and entertainment companies.

Advertising spending is increasing

In order to win customers again after the pandemic, many companies are spending more on advertising. The entertainment industry is just one of those industries.

To New York Post articleMedia investment and news company Magna said advertising growth will be driven by the macroeconomic recovery, with global gross domestic product up 6.4 percent in the first quarter of 2021. Sectors such as automotive, travel, entertainment and restaurants have thanks thanks to international sporting events such as the upcoming Olympic Games and the European Football Championship. “

“As the economic recovery in several of the world’s largest advertising markets, particularly the US, UK and China, is stronger and faster than expected and consumption accelerates, brands need to reconnect with consumers,” said Vincent Létang, executive vice President of Global. at MAGNA market research.

More news and information can be found on the Innovative ETFs channel.

Leisure & leisure shares hit data as reopening commerce rolls on

Investors are preparing for fun times.

The PEJ entertainment and leisure ETF, what counts Disney, Airbnb and Live nation, reached a record high for the third time in a row on Thursday. It’s up 32% in 2021, more than six times the profits for that S&P 500.

One of the high flyers was AMC Entertainment, borne by the interest of private investors and Reddit investors. That stock is up 385% so far this year.

Danielle Shay, director of options at Simpler Trading, said it would be wise to wait for some of the names.

“I’d caution investors. Don’t bite the highs. You can look at hot stocks within this entire ETF and try to find the ones that are pulling out,” she told CNBC.Trading nation” on Thursday.

One name Shay recommends is Chipotle, up 10% this week, but worse than the S&P 500 overall in March.

“Chipotle has had a really nice withdrawal. Chipotle has been strong throughout the pandemic, which leads me to believe that anything that opens again just gets stronger in the aftermath,” Shay said.

Steve Chiavarone, portfolio manager at Federated Hermes, said federal fiscal policies should support consumer spending when the economy opens again.

“With all the momentum in the system, consumers are sitting on over $ 3 trillion in excess savings. They have a pent-up demand that they will provide, and we expect people to take longer vacations and keep going more Travel, visiting families they hadn’t seen a year earlier, and reallocating their budget to leisure and entertainment, stocks in this space will continue to benefit for quite a while, “he said on the same segment.

Another stock, Airbnb, could benefit from consumer desire for travel, according to Chayvarone.

“It’s a growth stock, it’s a very popular stock, and maybe it doesn’t really make sense where it’s trading, but the fact is, people are buying it and people are using Airbnb. I think Airbnb … in the near future Future will continue to rise, “said Shay.

Airbnb was one of the top performers in the PEJ ETF on Thursday, up nearly 8%. It trades with a 24x price-performance ratio. In comparison, the S&P 500 is traded less than three times.

Disclosure: Shay holds ABNB.

Disclaimer of liability

Will Vaccines Lower Free Leisure and Leisure Spending in 2021?

As the global introduction of vaccines continues, the leisure and entertainment industries should continue their healing process. ETFs like that Invesco Dynamic Leisure and Entertainment ETF (PEJ)could in turn offer investors an added value option.

PEJ is based on the Dynamic Leisure & Entertainment Intellidex® Index (Index). The Fund typically invests at least 90% of its total assets in the common stocks that make up the Index.

The index is designed to enable capital appreciation by thoroughly evaluating companies against a variety of investment performance criteria, including: price dynamics, earnings dynamics, quality, management measures and value. The index is made up of common stocks of 30 US leisure and entertainment companies.

PEJ is made up of a variety of market capitalization allocations. ETF investors can grasp the stability of large caps, the growth of small caps, and the best of both worlds through mid caps.

PEJ is up about 17% last year and 22% since the start of the year. The relative strength index (RSI) on its one-year chart is currently 82.12, which confirms the fund’s strong momentum.

Front workers are vaccinated

The leisure and entertainment industry should get a boost with the option for hotel workers to get the Covid-19 vaccine. According to a Article in the Las Vegas Review Journal“According to the latest guidelines from the Centers for Disease Control and Prevention, hotel workers in the US should get an early look at the COVID-19 vaccination.”

The article said: “The American Hotel and Lodging Association asked the CDC last month to move hotel workers to Phase 1c, according to the head of the association that represents all segments of the US lodging industry.”

“This is a significant achievement that has a direct impact on the health and safety of hotel workers across the country,” said Chip Rogers, CEO and President of AHLA. “It is also recognized that hotel workers continue to be at the forefront of the pandemic.”

“Travel and tourism are major drivers of the American economy. While the demand for travel has hit record lows, ensuring hotel workers’ priority during the vaccine rollout will help ensure both employees and guests are safe when it becomes safe to travel once and resume meetings and events, ” said Rogers.

More news and information can be found on the Innovative ETF channel.