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Sunwing Travel Group became a subsidiary of the WestJet Group on May 1, 2023, following an acquisition announced in March 2022. This merger aimed to: Consolidate market share: By combining two major players in the Canadian travel industry, the acquisition significantly strengthens WestJet's position, particularly in vacation packages and sun destinations.
HGV was formerly a wholly owned subsidiary of Hilton Worldwide until it was spun off into a publicly traded company in 2017. Even though HGV is an independent company post spin-off, Hilton Worldwide still retains full ownership of the Hilton Grand Vacation Club, Hilton Vacation Club, and Hilton Club brands that HGV manages and operates for them.
Apple Vacations was founded in 1969 by John Mullen and his brother-in-law, Al Atkinson, as Atkinson & Mullen Travel. Mullen later became the sole proprietor and renamed the company Apple Vacations. In 2001, future ALG CEO Alejandro Zozaya, son-in-law of John Mullen, founded resort sales, marketing, and brand management company AMResorts.
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With this authorization, more than 7% of shares can be taken off the market at the current stock price. As a result, the stock price could climb quickly once the market turns bullish again.
Owning a vacation home may seem ideal because you have a place to escape to that's all yours. And when you're not using this property, you can rent it out to create a new income stream. Housing ...