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Cendant increased its involvement in the timeshare enterprise by buying Fairfield Communities in 2001 and Trendwest Resorts in 2002. In 2005, Cendant purchased the Wyndham lodge brand from the Blackstone Group. And as we talked about on the final name, we acquired $four million to $5 million in EBITDA, however we are investing in the enterprise this 12 months versus creating the packages, creating relationships with the suppliers of the achievement or excursions and things like that. So after we think about the travel and leisure group this yr, I would not count on the EBITDA contribution to be anything materials.
Overall, leisure tourism spending made up 78.6 {791cf634350853aa929d899ac26203c48570d222f34b0095e87afe5e9b20c495} of total global travel spending in 2019. When planning your vacation please concentrate on the leisure passport requirements. Visit travel.state.gov to seek out out what you should know earlier than you travel. To acquire a passport for the first time, you …