Wyndham Worldwide Corp. announced that its profit fell in the 3Q as it spent less money on timeshares.

The company’s earning dropped by 27 percent to $104 million or 57 cents per share compared to 80 cents per share or $142 million a year ago.

Not including legacy items, the earnings were 58 cents per share, which exceeded the analysts’ forecast of 56 cents per share.

Wyndham reduced its timeshare investments and attributed some of its losses to the strong bounce of the dollar and the softness of the lodging sector.

The company’s timeshare gross sales dropped by 35 percent to $366 million. Wyndham cut its expenses on many timeshare operations, including shutting down offices and minimizing marketing campaigns.