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$WYN expects revenues in Destination Network to be $1.57-1.61Bil and adjusted EBITDA to be $378-388MM in 2016. The average number of exchange members are expected to be flat to up 2% and exchange revenue per member will be flat or up 1-3% in constant currency. $WYN expects vacation rental transactions to grow 5-7%.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.