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Harvest Travel and Leisure Index ETF TRVL-T Quote
Wyndham Destinations, which operates hundreds of timeshare resorts, acquired Travel + Leisure magazine from media company Meredith Corp. for $100 million, The Wall Street Journal reported last night. Collectively, the company — which will change its name to Travel + Leisure Co. early Travel & Leasuire this year — will now have resort, lifestyle and travel club brands. Meredith will continue to publish the magazine under a 30-year licensing agreement. It is not just the airlines, hotels and car-hire companies that are affected by border closures and unfavourable market conditions.
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