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And the pandemic has been an unimaginable hardship for both the travel and media industries. Skift reported that Meredith Corp. posted a $289 million loss within the third quarter of 2020. But even with vacation membership income down 44% year-over-year during the same quarter, Wyndham Destinations nonetheless reported a $40 million revenue across its operations. One of the world’s most iconic travel manufacturers has been bought by a timeshare firm.
- The travel big praises its “high marketing efficiency” for delivering its strongest ever quarter, after shifting priorities from efficiency advertising to brand building.
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