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Travel+Leisure Co - TNL STOCK NEWS

Welcome to our dedicated news page for Travel+Leisure Co (Ticker: TNL), a resource for investors and traders seeking the latest updates and insights on Travel+Leisure Co.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Travel+Leisure Co's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Travel+Leisure Co's position in the market.

Rhea-AI Summary
Travel + Leisure Co. (TNL) reported strong first quarter 2024 financial results with a net income of $66 million, $0.92 diluted earnings per share, on net revenue of $916 million. Additionally, the company achieved adjusted EBITDA of $191 million and adjusted diluted earnings per share of $0.97. The company expects second quarter adjusted EBITDA of $235 million to $245 million and reaffirms expectations for full year adjusted EBITDA of $910 million to $930 million. The Vacation Ownership segment saw a 6% increase in revenue to $725 million, driven by higher VOI sales and gross VOI sales. The Travel and Membership segment revenue decreased by 4% to $193 million due to a 6% decrease in transactions offset by a 1% increase in revenue per transaction. The company's balance sheet remains strong with a leverage ratio of 3.5x, $479 million in cash and cash equivalents, and $1.2 billion of liquidity. Share repurchases and dividend payments were also highlights of the quarter.
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Rhea-AI Summary
Travel + Leisure Co. (TNL) and Allegiant (ALGT) have announced a multi-year marketing agreement to enhance customer engagement. Allegiant's leisure-focused model and Travel + Leisure Co.'s vacation ownership resorts will offer unique travel packages to their respective customer bases, boosting growth and providing affordable family vacations.
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Rhea-AI Summary
RCI announced the winners of the Thirteenth Annual RCI Green Awards Program in celebration of Earth Day, honoring six vacation resorts for their industry-leading sustainability efforts. The awards recognize resorts for their environmentally sustainable operations in areas such as energy and water conservation, waste management, community outreach, and environmental management. The program expanded globally in 2023, doubling the total number of winners to six, with one U.S. and one international winner in each category. Nickelodeon Hotels & Resorts Punta Cana in the Dominican Republic received the RCI Green Platinum Award (International), while Legacy Vacation Resorts Orlando/Kissimmee in Florida received the RCI Green Platinum Award (U.S.). Other winners included Club Mahindra Ashtamudi Resort in India, Club Wyndham Skyline Tower in New Jersey, Ultimate Leisure Club in Mexico and the Dominican Republic, and Club Wyndham Sedona in Arizona.
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2.89%
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Travel + Leisure Co. (TNL) received 18 ARDA Awards at the annual conference, including the prestigious ACE Employee of the Year Award for Scott Cavanaugh. The company was recognized for its philanthropic efforts, marketing campaigns, and innovative programs. Michael Brown, the president and CEO, highlighted the company's commitment to putting the world on vacation and promoting hospitality with heart.
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Travel + Leisure announces the 2024 It List of Best New Hotels, including luxury cruise ships for the first time. The list covers 100 exciting hotel openings worldwide, showcasing diverse travel experiences.
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-1.15%
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AllTrails and Travel + Leisure GO partner to offer bookable outdoor adventures ahead of U.S. National Parks Week. AllTrails provides over 420,000 trails worldwide for 60 million members, enhancing hiking experiences with offline maps and 3D features. Travel + Leisure GO offers discounts on hotels, resorts, rental cars, cruises, and activities, with complimentary club membership and a -time trial of AllTrails+.
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Club Wyndham partners with Take a Chef to offer a complimentary in-suite breakfast in bed experience for moms staying at nine Club Wyndham resort properties across the U.S. on Mother’s Day.
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Travel + Leisure Co. (TNL) will release its first quarter 2024 financial results on April 24, 2024. The conference call with President and CEO Michael D. Brown and CFO Mike Hug will discuss the company's financial performance and business outlook.
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Travel + Leisure Co. receives national recognition for workplace culture and trustworthiness, winning the Gallup Exceptional Workplace Award and being named one of America's Most Trustworthy Companies 2024 by Newsweek. The company's commitment to employee engagement and creating a positive work environment is highlighted in the press release.
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1.14%
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Travel + Leisure Co. (TNL) successfully completes a term securitization transaction, issuing $350 million in asset-backed notes with a weighted average coupon of 5.66%. The transaction received significant interest, resulting in a blended interest rate 112 basis points lower than the previous offering and an increase in the advance rate of 350 basis points.
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Travel+Leisure Co

NYSE:TNL

TNL Rankings

TNL Stock Data

3.16B
65.37M
5.37%
93.1%
2.82%
Travel Agencies
Administrative and Support and Waste Management and Remediation Services
Link
US
Orlando

About TNL

travel + leisure co. is the world’s leading membership and leisure travel company, with nearly 20 travel brands across its resort, travel club, and lifestyle portfolio. the company provides outstanding vacation experiences and travel inspiration to millions of owners, members, and subscribers every year through its products and services: wyndham destinations, the largest vacation ownership company with more than 245 vacation club resort locations across the globe; panorama, the world’s foremost membership travel business that includes the largest vacation exchange company, and subscription travel brands; and travel + leisure group, featuring top travel content and travel services including the brand’s eponymous travel club. at travel + leisure co., our global team of associates brings hospitality to millions each year, turning vacation inspiration into exceptional travel experiences. we put the world on vacation. learn more at travelandleisureco.com.