Wyndham 3rd quarter results

Wyndham Worldwide Corporation has announced results for the 3 months ended September 30, 2009.

Gross Vacation Ownership Interest (VOI) sales were $366 million for the third quarter of 2009, a 35% decline from the third quarter of 2008.  This decrease was primarily driven by the previously announced initiative to reduce the capital deployed in this business, which included sales office closures and a reduction of marketing efforts that resulted in fewer tours.

For the full report of the Press Release carried on Reuters.com, click here