Your high decide, Kamalame Cay, was the only Bahamian resort to make the listing. Represents paid members in our vacation change programs who are thought-about to be in good standing. Dividend — The Company paid $37 million ($0.45 per share) in money dividends on March 31, 2023 to shareholders of record as of March 15, 2023. Management will advocate a second quarter dividend of $0.forty five per share for approval by the Company’s Board of Directors in May 2023. Share Repurchases — During the first quarter of 2023, the Company repurchased 2.5 million shares of frequent inventory for $102 million at a weighted average price of $40.13 per share. As of March 31, 2023, the Company had $375 million remaining in its share repurchase authorization.
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In 2018, we established Wyndham Destinations, Inc. and spun off our hotel business into a separate publicly traded company, Wyndham Hotels & Resorts. While they’re two separate entities, we’ve long-term exclusive license agreements to retain our connection with Wyndham Rewards, one of many high loyalty programs within the hospitality business. Since then, we have additionally acquired Alliance Reservations Network and the long-lasting Travel + Leisure brand. Amsterdam equally approved a city tourist tax increase for this yr, requiring visitors to pay 12.5 percent. The tax will apply to each travellers staying overnight and visiting on cruise ships.