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These excerpts taken from the WYN 10-K filed Feb 27, 2009. Competition
Competition is robust among the national lodging brand
franchisors to grow their franchise systems. The lodging
companies that we primarily compete with in the upscale and
midscale segments include Marriott International Inc., Hilton
Hotels Corporation, Starwood Hotels & Resorts
Worldwide, Inc., Choice Hotels International, Inc.,
InterContinental Hotels Group PLC and Global Hyatt Corporation.
The lodging companies that we primarily compete with in the
economy segment include Choice Hotels International, Inc.,
InterContinental Hotels Group PLC, Accor SA and Best Western.
We believe that competition for the sales of franchises in the
lodging industry is based principally upon the perceived value
and quality of the brands and the services offered to
franchisees. We believe that the perceived value of a brand name
to prospective franchisees is, to some extent, a function of the
success of the existing hotels franchised under the brands. We
believe that prospective franchisees value a franchise based
upon their views of the relationship between the costs,
including costs of conversion and affiliation, to the benefits,
including potential for increased revenue and profitability, and
upon the reputation of the franchisor.
The ability of an individual franchisee to compete may be
affected by the location and quality of its property, the number
of competing properties in the vicinity, community reputation
and other factors. A franchisee’s success may also be
affected by general, regional and local economic conditions. The
potential negative effect of these conditions on our results of
operations is substantially reduced by virtue of the diverse
geographical locations of our franchised hotels; however, any
economic downturn affecting all of the United States could limit
the benefits from this geographic diversity.
Competition
The vacation exchange and rentals business faces competition
throughout the world. Our vacation exchange business competes
with Interval Leisure Group, Inc. which is a third-party
international exchange company, with regional and local vacation
exchange companies and with Internet-only limited service
exchanges. In addition, certain developers offer exchanges
through internal networks of properties, which can be operated
by us or by the developer, that offer owners of intervals access
to exchanges other than those offered by our vacation exchange
business. Our vacation rentals business faces competition from a
broad variety of professional vacation rental managers and
rent-by-owner
channels that collectively use brokerage services, direct
marketing and the Internet to market and rent vacation
properties. For rentals in Europe these include Center Parcs,
HomeAway, Interhome, Inter Chalet and Pierre et Vacances. In the
U.S., these companies include HomeAway and ResortQuest.
Competition
The vacation ownership industry is highly competitive and is
comprised of a number of companies specializing primarily in
sales and marketing, consumer financing, property management and
development of vacation ownership properties. In addition, a
number of national hospitality chains develop and sell vacation
ownership interests to consumers. Some of the well-known players
in the industry include Disney Vacation Club, Hilton Grand
Vacations Company LLC, Marriott Ownership Resorts, Inc. and
Starwood Vacation Ownership, Inc.
Table of Contents
This excerpt taken from the WYN 10-K filed Feb 29, 2008. Competition
The vacation ownership industry is highly competitive and is
comprised of a number of companies specializing primarily in
sales and marketing, consumer financing, property management and
development of vacation ownership properties. In addition, a
number of national hospitality chains develop and sell vacation
ownership interests to consumers. Some of the well-known players
in the industry include Disney Vacation Club, Hilton Grand
Vacations Company LLC, Marriott Ownership Resorts, Inc. and
Starwood Vacation Ownership, Inc.
This excerpt taken from the WYN 10-K filed Mar 7, 2007. Competition
The vacation ownership industry is highly competitive and is
comprised of a number of companies specializing primarily in
sales and marketing, consumer financing, property management and
development of vacation ownership properties. In addition, a
number of national hospitality chains develop and sell vacation
ownership interests to consumers. Some of the well-known players
in the industry include Disney Vacation Club, Hilton Grand
Vacations Company LLC, Marriott Ownership Resorts, Inc. and
Starwood Vacation Ownership, Inc.
This excerpt taken from the WYN 8-K filed Jul 19, 2006. Competition The vacation ownership industry is highly competitive and is comprised of a number of companies specializing primarily in sales and marketing, consumer financing, property management and development of vacation ownership properties. In addition, a number of national hospitality chains develop and sell vacation ownership interests to consumers. Some of the well-known players in the industry include Disney Vacation Club, Hilton Grand Vacations Company LLC, Marriott Ownership Resorts, Inc. and Starwood Vacation Ownership, Inc. | EXCERPTS ON THIS PAGE:
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