Procurement
Wyndham Worldwide Corporation reported full-quarter net income of $104 million
, up from $92 million a year earlier. Full-year net income jumped 40 percent to $403 million. Lodging revenue in 2007 rose 10 percent to $725 million. For the Wyndham Hotels & Resorts brand, full-year average daily rate increased $2 to $112.42. Despite a "slowing macro economic environment ... we see no current evidence of a slowdown in our businesses," said CEO Stephen Holmes.