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This excerpt taken from the WYN 10-K filed Feb 27, 2009. Enhance
Margins
We plan to continue to reduce costs, improve efficiency and
evaluate opportunities to improve pricing and yield across all
our businesses in response to the current economic downturn. One
example of these efforts is our recent restructuring initiative.
In Exchange, we have a comprehensive program to improve internet
capabilities that, in addition to improving member satisfaction
and retention, is expected to reduce operating costs. In
Rentals, we will look for opportunities to leverage our multiple
European rental businesses where appropriate to build a
pan-European offering.
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